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E <br />9 - <br />in that event, the pledge of the lien on the proceeds of the <br />sale of the Bonds or any bond anticipation notes issued to <br />extend or renew the indebtedness evidenced by the Notes and <br />the Loan Commitment in favor of the holders of the Notes <br />shall be no longer in effect. For purposes of the preceding <br />sentence, deposit of sufficient cash and/or principal and <br />interest on direct obligations of the United States or <br />obligations the principal of and interest on which are fully <br />guaranteed by the United States, none of which permit <br />redemption prior to maturity at the option of the obligor <br />(the "Federal Securities"), or bank certificates of deposit <br />fully secured as to principal and interest by Federal <br />Securities (or deposit of any other securities or <br />investments which may be authorized by law from time to time <br />and sufficient under such law to effect such a defeasance) <br />in irrevocable trust with a banking institution or trust <br />company, for the sole benefit of the Folders, to make timely <br />payment of the principal of and interest on the outstanding <br />Notes, shall be considered "provision for payment". <br />E. Remedies. Any Holder or holders of the Notes may <br />either at law or in equity, by suit, action, mandamus or <br />other proceedings in any court of competent jurisdiction, <br />protect and enforce any and all rights, includirxj the right <br />to the appointment of a receiver, existing under the laws of <br />Me State of Florida or granted and contained in this <br />resolution, and may enforce and compel the perfo rntâ–ºnce of <br />all duties required by this Resolution or by any applicable <br />-35- <br />