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A~T I CLE VI AMENDMENT OF RESOLLFFION Section 6.01 . Amendments Permitted . This Resolution and the riqhts and obligations of the City and of the Bank may be modified or amended at any time by a Supplemental Resolution, but only with the prior written consent of the Bank and the Participating Party. No such modification or amendment shall (i) extend the maturity of any Note or reduce the interest rate thereon, or otherwise alter or impair the obligation of the City to pay the principal thereof, of interest thereon, or any premium payable on the redemption thereof, at the time and place and at the rate and in the currency provided therein, without the express consent of the Bank and the Participating Party, or (2) permit the creation by the City of any mortgage, pledge or lien upon the Revenues superior to or on a parity with the oledge and lien created for the benefit of the Note. Section 6.02 . Procedure for Amendment with Written Consent of Bank and the Participating ~arty . The City may at any time adopt a Supplemental Resolution amending the provisions of the Note or of this Resolution or any Supplemental Resolution, to the extent that such amen~ent is permitted by Section 6.01, to take effect when and as provided in this Section. A COpy of such Supplemental Resolution, together with a request to the Bank and the Participating Party for its consent thereto, shall be mailed by the City to the Bank and the Participating Party. Such Suppl~nental Resolution shall not become effective unless there shall be obtained the written consent of the Bank and the Participating Party and any such consent shall be binding upon the Bank and the Particioatinq Party. The Supplemental Resolution shall becone effective upon the adoption of the Supplemental Resolution or filing of the consent by the Bank and the Participating Party with the City, whichever is later. Section 6.03 . Effect of Supplemental Resolution . From and after the time any Supplemental Resolution becomes effective pursuant to this Article VI, this Resolution shall be deemed to be modified and amended in accordance therewith, the respective rights, duties and obligations under this Resolution of the City and the Bank shall thereafter be determined, exercised and enforced hereunder subject in all respects to such modifications and amendments, and all the terms and conditions of any such Suoolemental Resolution shall be deemed to be part of the terms and conditions of this Resolution for any and all purposes. Section 6.04 . Endorsement or Replacement of Note Issued After Amen~ents . The City, upon demand of the Bank, may determine that any Note issued and delivered after the effective date of any action taken as provided in this Article VI shall bear a notation, by endors~nent or otherwise, in form approved by the City, as to such action. In that case, upon de~and of the Bank and presentation of its Note for that p~rpose at such office as the City may select and designate for that purpose, a suitable notation shall be made on such Note. The City may determine that a new Note, so modi¢ied as in the opinion of the City is necessary to conform to such action, shall be nrepared, executed and delivered. In that case, upon demand of the Bank, such new Note shall be exchanged at the office of the Bank, in Philadelphia, Pennsylvania, without cost to the Bank, for the Note then Outstanding, upon surrender OF such Note. Section 6.05 . Amendator¥ Endorsement of Note . The provisions of this Article VI shall not prevent the Bank from acceptinm any amendment as to the Note held by it, provided that due notation thereof is made on such Note. ARTICLE VII EVENTS OF DEFAULT AND REMEDIES OF RANK Section 7.01 . Events of Default and Acceleration of Maturities . IF one or more of the following events ("events of default") shall happen, that is to say 8