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TABLE OF CONTENTS (continued) Page SECTION 6.07. MAINTENANCE AND OPERATION OF THE WATER SYSTEM; ARTICLE VII PREPAYMENT OF INSTALLMENT PAYMENTS SECTION 7.01. PREPAYMENT OF INSTALLMENT PAYMENTS .... ............................... 24 ARTICLE VII[ EVENTS OF DEFAULT AND REMEDIES OF THE AUTHORITY SECTION 8.01 SECTION 8.02 SECTION 8.03. SECTION 8.04. SECTION 8.05. SECTION 9.01 EVENTS OF DEFAULT AND ACCELERATION OF MATURITIES ...... 24 APPLICATION OF NET SYSTEM REVENUES UPON ACCELERATION .......................................................... ............................... 25 OTHER REMEDIES OF THE AUTHORITY ............... ............................... 25 NON - WAIVER ............................................................... ............................... 25 REMEDIES NOT EXCLUSIVE .................................... ............................... 26 ARTICLE IX DISCHARGE OF OBLIGATIONS DISCHARGE OF OBLIGATIONS ARTICLE X MISCELLANEOUS SECTION 10.01. LIABILITY OF CITY LIMITED TO SYSTEM REVENUES ............... 55394.00011 \8819608.3 -ii- 26 26 BUDGETS...................................................................... ............................... 20 SECTION 6.08. AMOUNT OF RATES AND CHARGES; RATE STABILIZATION FUND.............................................................................. ............................... 20 SECTION 6.09. PAYMENT OF CLAIMS ............................................... ............................... 21 SECTION 6.10. COMPLIANCE WITH CONTRACTS .......................... ............................... 21 SECTION 6.11. INSURANCE .................................................................. ............................... 21 SECTION 6.12. ACCOUNTING RECORDS; FINANCIAL STATEMENTS AND OTHER REPORTS ......................................................... ............................... 22 SECTION 6.13. PROTECTION OF SECURITY AND RIGHTS OF THE AUTHORITY................................................................. ............................... 22 SECTION 6.14. PAYMENT OF TAXES AND COMPLIANCE WITH GOVERNMENTAL REGULATIONS .......................... ............................... 22 SECTION 6.15. COLLECTION OF RATES AND CHARGES; NO FREE SERVICE......... 23 SECTION 6.16. EMINENT DOMAIN PROCEEDS ................................ ............................... 23 SECTION 6.17. TAX COVENANTS ....................................................... ............................... 23 SECTION 6.18. FURTHER ASSURANCES ........................................... ............................... 23 SECTION 6.19. OPERATE WATER SYSTEM ....................................... ............................... 23 SECTION 6.20. ADDITIONAL COVENANTS ...................................... ............................... 23 ARTICLE VII PREPAYMENT OF INSTALLMENT PAYMENTS SECTION 7.01. PREPAYMENT OF INSTALLMENT PAYMENTS .... ............................... 24 ARTICLE VII[ EVENTS OF DEFAULT AND REMEDIES OF THE AUTHORITY SECTION 8.01 SECTION 8.02 SECTION 8.03. SECTION 8.04. SECTION 8.05. SECTION 9.01 EVENTS OF DEFAULT AND ACCELERATION OF MATURITIES ...... 24 APPLICATION OF NET SYSTEM REVENUES UPON ACCELERATION .......................................................... ............................... 25 OTHER REMEDIES OF THE AUTHORITY ............... ............................... 25 NON - WAIVER ............................................................... ............................... 25 REMEDIES NOT EXCLUSIVE .................................... ............................... 26 ARTICLE IX DISCHARGE OF OBLIGATIONS DISCHARGE OF OBLIGATIONS ARTICLE X MISCELLANEOUS SECTION 10.01. LIABILITY OF CITY LIMITED TO SYSTEM REVENUES ............... 55394.00011 \8819608.3 -ii- 26 26