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<br />25 <br />(e) an event of default shall have occurred under the Installment Purchase <br />Contract. <br /> <br />The Trustee shall notify the Authority promptly of any default under Section 6.01(a) hereof. <br />Upon the occurrence of an Event of Default hereunder, the Trustee may declare the principal and <br />interest with respect to all such Bonds immediately due and payable and such principal and <br />interest shall thereupon be due and payable immediately. The Trustee shall apply amounts on <br />deposit in the funds and accounts in accordance with Section 6.07 hereof. <br /> <br />This provision, however, is subject to the condition that, except with respect to an Event <br />of Default under subsection (c) above, if at any time after such Outstanding principal amount of <br />the Bonds and the accrued interest thereon shall have been so declared due and payable and <br />before the acceleration date or the date of any judgment or decree for the payment of the money <br />due shall have been obtained or entered, the Authority shall deposit with the Trustee a sum <br />sufficient to pay such amount due prior to such date and the accrued interest thereon, with interest <br />on such overdue payments at the rate on such Bonds, and the reasonable fees and expenses of <br />the Trustee, including those of its attorneys, and any and all other defaults known to the Authority <br />(other than in the payment of such principal amount of the Bonds and the accrued interest thereon <br />due and payable solely by reason of such declaration) shall have been made good or cured to <br />the satisfaction of the Trustee or provision deemed by the Trustee to be adequate shall have been <br />made therefor, then and in every such case the Trustee, by written notice to the Authority, may <br />rescind and annul such declaration and its consequences; but no such rescission and annulment <br />shall extend to or shall affect any subsequent default or shall impair or exhaust any right or power <br />consequent thereon. <br /> <br />Section 6.02. Other Remedies of the Trustee. The Trustee may, subject to the receipt <br />of indemnity as provided herein: <br /> <br />(a) by mandamus or other action or proceeding or suit at law or in equity <br />enforce its rights against the Authority, or any board member, officer or employee thereof, <br />and compel the Authority or any such board member, officer or employee to perform and <br />carry out its or his or her duties under applicable law and the agreements and covenants <br />contained herein required to be performed by it or him; <br /> <br />(b) by suit in equity enjoin any acts or things which are unlawful or violate the <br />rights of the Trustee or the Bondowners hereunder; <br /> <br />(c) intervene in judicial proceedings that affect the Bonds or the security <br />therefor or hereunder; or <br /> <br />(d) by suit in equity upon the happening of an Event of Default require the <br />Authority and its officers and employees to account as the trustee of an express trust. <br /> <br />Section 6.03. Non-Waiver. A waiver of any default or breach of duty or contract by the <br />Trustee, or the Owners shall not affect any subsequent default or breach of duty or contract or <br />impair any rights or remedies on any such subsequent default or breach of duty or contract. No <br />delay or omission by the Trustee or the Owners to exercise any right or remedy accruing upon <br />any default or breach of duty or contract shall impair any such right or shall be construed to be a <br />waiver of any such default or breach of duty or contract or an acquiescence therein, and every <br />right or remedy conferred upon the Trustee or the Owners by law or by this Article may be <br />8.A. - Page 145 of 255 <br />773