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<br />. <br />. <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 pr.ovided) the principal <br />and interest to become due in respect .of all the N.ote, in strict conf.ormity <br />with the terms of the Note and of this Resolution, and it will faithfully <br />observe and perf.orm all of the conditions, covenants and requirements of this <br />Resolution and of the Note. Nothing herein contained shall prevent the Agency <br />from making advances of its own moneys howsoever derived to any of the uses or <br />purposes referred to herei n. <br /> <br /> <br />pledge Se~rt i ~nl a~e'O~~y ~h~~~:t .o;nc~:-anu~~~' an~he o/g~~~y R:~~~ue,::t e~c~~~e~~ <br /> <br />permitted by this Resoluti.on, in favor of the Noteholder. <br /> <br />Section 5.03. Preservation of Revenues; Amendment of Agreements, <br />Promissory Notes and Deeds of Trust. The Agency shall cause to be collected <br />promptly all amounts due trom the I'articipating Parties under the Agreements <br />and the Promi ssory Notes as the same become due, and sha 11 promptly and <br />vigorously enforce all of its rights under the Agreements, the Pr.omissory <br />Notes and the Deeds of Trust. Without the written consent 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 c.ollateral documents; 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 Resolution. The Agency shall not issue, <br />or permlt to be issued, any obligation secured or payable in any manner out of <br />Revenues other than in accordance with the provisions of this Resoluti.on, 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 provided in <br />this Resolution. <br /> <br />12 <br />