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<br />. <br />. <br /> <br />I <br /> <br />. <br /> <br />. <br /> <br />remaining principal of the Note, and the interest accrued thereon, and any <br />related fees and other charges, to be due and payable immediately, and upon <br />any such declaration the same shall become and shall be immediately due and <br />payable, anything in this Resolution or in the Note contained to the contrary <br />notwithstanding. <br /> <br />This provision, however, is subject to the condition that if, at any <br />time after the principal of the Note shall have been so declared due and <br />payable, and before any judgment or decree for the payment of the monies due <br />and payable sha 11 have been obtained or entered, there shall have been <br />deposited with the Noteholder a sum sufficient to pay all principal on the <br />Note due prior to such declaration and all due and unpaid interest (if any) <br />upon the Note, and any re 1 ated fees and other charges and the reasonable <br />expenses of the Agency and Noteh.o 1 der, and any and a 11 other def au 1 ts known t.o <br />the Agency (other than in the payment of principal of and interest .on the Note <br />due and payable solely by reason .of such declaration) shall have been made <br />good or cured to the satisfaction of the N.oteholder or provision deemed by the <br />Noteho 1 der to be adequate shall have been made therefor, then, and in every <br />such case, the Noteholder, by written notice to the Agency, may rescind and <br />annul such dec 1 arat i on and its consequences. However, no such resc i ss i on and <br />annulment shall extend to or shall affect any subsequent default, or shall <br />impair or exhaust any right or power consequent thereon. <br /> <br />Notwithstanding any other pr.ovision of this Section 7.01, upon an event <br />of default relating solely to a single Loan, the Noteholder shall be entitled <br />to accelerate an amount of principal .on the Note equal to the then outstanding <br />principal balance of the Promissory Note relating to such Loan, plus related <br />interest, fees and other charges. <br /> <br /> <br />funds ~~~t~~~o~~~~' pr~~)~~a~~~n l~f s~~~~~nU)~~/~~~l~~~iO~pon A~~e ~~i~ ~~ ~~~ <br /> <br />dec 1 arat i on of acce lerati on by the Noteh.o lder and all Revenues thereafter <br />received by the Agency hereunder, shall be transmitted to the Noteholder and <br />shall be applied by the Noteholder in a manner consistent with Sections 2.02 <br />and 2.03. <br /> <br />Section 7.03. Institution of Le al Proceedin s b Bank. If one or more <br />of the events of defau t s a appen a e c.on lnulng, e N.oteholder may <br />proceed to protect or enforce its rights under the Act or under this <br />Resolution by a suit in equity or action at law, either for the specific <br />performance of any covenant or agreement contained herein, or in aid of the <br />execution of any power herein granted, or by mandamus or other appropriate <br />proceeding for the enforcement of any other legal or equitable remedy as the <br />Noteholder shall deem most effectual in support of any .of its rights or duties <br />hereunder. <br /> <br />Section 7.04. Effect of Dela or Omission to Pursue Remed. No delay <br />.or omission of the Noteholder to exerClse any rlg t or power arlSlng from any <br />default shall impair any such right or power or shall be construed to be a <br />waiver of any such default or acquiescence therein, and every power and remedy <br /> <br />15 <br />