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<br />. <br />. <br /> <br />I <br /> <br />. <br /> <br />. <br /> <br />ARTICLE V <br />COVENANTS OF THE AGENCY <br /> <br />Section 5.01. Punctual Payment. The Agency will punctually payor <br />cause to be paid (but only out of Revenues as herein provided) the principal <br />and interest to bec.ome we in respect of all the Note, in strict conformity <br />with the terms of the N.ote and of this Resolution, and it will faithfully <br />observe and perform all of the conditions, covenants and requirements of this <br />Resolution and of the Note. Nothing herein contained shall prevent the Agency <br />from maki ng advances of its own moneys howsoever derived to any of the uses or <br />purposes ref erred to here in. <br /> <br />Section 5.02. Against Encumbrances. The Agency will not encurrber, <br />pledge or place any charge or lien upon any of the Revenues, except as <br />permitted by this Resolution, in favor of the Noteho1der. <br /> <br />Section 5.03. Preservation.of Revenues; Amendment of Agreement, <br />Promissory Note and Oeed of Trust. The Agency shall cause to be collected <br />prolJ1)t Iy all amounts due from the Participating Party under the Agreement and <br />the Promissory Note as the same become due, and shall promptly and vigorously <br />enforce a 11 of its rights under the Agreement, the Promissory N.ote and the <br />Oeed of Trust. Without the written consent of the Bank, the Agency shall not <br />amend, m.odify or terminate, or agree or c.onsent to amend, m.odify or terminate, <br />the Agreement, the Promissory Note or the Deed .of Trust and related c.ollatera1 <br />document; but, with the written consent of the Bank, the Agency may consent to <br />amendments or modificati.ons thereof. <br /> <br />Section 5.04. Compliance with Reso1uti.on. The Agency shall not issue, <br />or permit to be issued, any .obligation secured or payable in any manner out of <br />Revenues other than in accordance with the provisi.ons of this Resolution, and <br />shall not suffer or permit any default to occur under this Resolution, but <br />shall faithfully observe and perform all the covenants, conditions and <br />requirements hereof. <br /> <br />Section 5.05. Further Assurances. The Agency will adopt, make, execute <br />and deliver any and all such further resolutions, instruments and assurances <br />as may be reasonably necessary or proper to carr'Y out the intent i on or to <br />facilitate the performance .of this Resolution, and for the better assuring and <br />confirming unto the Holders of the Note of the rights and benefits provided in <br />this Resolution. <br /> <br />12 <br />