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SECTION 6.20. Additional Covenants. The City may provide additional covenants <br />pursuant to any Supplement, including covenants relating to any Credit Support obtained for <br />Installment Payment Obligations; provided, however, that such additional covenants do not <br />materially and adversely affect the right of Owners of Outstanding Obligations issued prior to any <br />such Supplement. <br />ARTICLE VII <br />PREPAYMENT OF INSTALLMENT PAYMENTS <br />SECTION 7.01. Prepayment of Installment Payments. Provisions may be made in any <br />Supplement for the prepayment of Installment Payments, in whole or in part, in such multiples and <br />in such order of maturity and from funds of any source, and with such prepayment premiums and <br />other terms as are specified in the Supplement. Said Supplement shall also provide for any notices <br />to be given relating to such prepayment. <br />ARTICLE VIII <br />EVENTS OF DEFAULT AND REMEDIES OF THE AUTHORITY <br />SECTION 8.01. Events of Default and Acceleration of Maturities. If one or more of <br />the following Events of Default shall happen, that is to say -- <br />(1) if default shall be made in the due and punctual payment of or on account <br />of any Parity Obligation (other than a Qualified Swap Agreement) as the same shall <br />become due and payable; <br />(2) if default shall be made by the City in the performance of any of the <br />agreements or covenants required herein to be performed by it (other than as specified in <br />clause (1) above and other than any such agreements or covenants, if any, arising in <br />connection with any Qualified Swap Agreement), and such default shall have continued <br />for a period of sixty (60) days after the City shall have been given notice in writing of such <br />default by the Authority; <br />(3) if any Event of Default specified in any Supplement or Issuing Instrument <br />shall have occurred and be continuing; or <br />(4) if the City shall file a petition or answer seeking arrangement or <br />reorganization under the federal bankruptcy laws or any other applicable law of the United <br />States of America or any state therein, or if a court of competent jurisdiction shall approve <br />a petition filed with or without the consent of the City seeking arrangement or <br />reorganization under the federal bankruptcy laws or any other applicable law of the United <br />States of America or any state therein, or if under the provisions of any other law for the <br />relief or aid of debtors any court of competent jurisdiction shall assume custody or control <br />of the City or of the whole or any substantial part of its property; <br />then and in each and every such case during the continuance of such Event of Default the Authority <br />shall upon the written request of the Owners of twenty-five percent (25%) or more of the aggregate <br />24 <br />55394.00068\42092413.3 <br />