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<br />. <br />. <br /> <br />. <br />. <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 become due in respect of all the Note, in strict conformity <br />with the terms .of the Note and of this Resoluti.on, and it will faithfully <br />.observe and perform all of the conditions, c.ovenants and requirements of this <br />Res.olution and .of the Note. Nothing herein contained shall prevent the Agency <br />from making advances of its own moneys h.owsoever derived to 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 place any charge or lien upon any of the Revenues, except as <br />permitted by this Resolution, in favor of the Noteholder. <br /> <br />Section 5.03. Preservation of Revenues; Amendment of Agreements, <br />Promi ssory N.otes and Deeds of Trust. The Agency shall cause to be collected <br />promptly all am.ounts due fr.om the Participating Parties under the Agreements <br />and the Promissory Notes as the same become due, and shall promptly and <br />vigorously enforce all of its rights under the Agreements, the Promissory <br />N.otes and the Deeds of Trust. Without the written c.onsent of the Bank, the <br />Agency shall not amend, modify or terminate, or agree or consent to amend, <br />modify or terminate, the Agreements, the Promissory Notes or the Deeds of <br />Trust and related collateral document; but, with the written consent of the <br />Bank, the Agency may consent to amendments or modifications thereof. <br /> <br />Section 5.04. C.ompliance with Res.olution. The Agency shall not issue, <br />.or permit t.o be issued, any obligation 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 Res.olution, 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 ad.opt, 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 provided in <br />this Resolution. <br /> <br />12 <br />