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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 Paymentl The Agency will punctually payor <br />cause to be pa1d lbut only out of Revenues as herein provided) the principal <br />and interest to become due in respect of all the Note, in strict conformity <br />with the terms of the Note and of this Resolution, and it will faithfully <br />observe and perform all of the conditions, c.ovenants and requirements of this <br />Resolution and of the Note. Nothing herein c.ontained shall prevent the Agency <br />from making advances of its own moneys .howsoever derived t.o any .of the uses or <br />purposes referred to herein. <br /> <br />Section 5.02. Against Encumbrances. The 'Agency will not encumber, <br />pledge or p 1 ace any charge or 11 en upon any of the Revenues, except as <br />permitted by this Resolution, in favor of the Noteh.o1der. <br /> <br />Section 5.03. Preservation.of Revenues; Amendment of A reements, <br />Promissory Note anâ Dee s 0 rust. e gency s a cause to e co ecte <br />prompt Iy a II amounts due trom 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 Note and the <br />Deed of Trust. Without the written consent of the Bank, the Agency shall not <br />amend, modify or terminate, or agree or consent to amend, modify or terminate, <br />the Agreement, the Promissory Note or the Deed of Trust and related collateral <br />documents; but, with the written consent of the Bank, the Agency may consent <br />to amendments .or mod ifi cat ions thereof., <br /> <br />Section 5.04. Compliance with Resolution. The Agency shall not issue, <br />or permit to be issued, any ob1igat1on secured or payable in any manner out of <br />Revenues other than in accordance with the provisions .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 carry out the intention 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 pr.ovided in <br />this Resolution. <br /> <br />12 <br />