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In the event the Trustee recovers any moneys following an event of <br /> default, such moneys, with the exception of moneys received pursuant to the <br /> terms of the Letter of Credit, after payment of all expenses, liabilities and <br /> advances of the Trustee, and all other costs and expenses of the collection of <br /> such moneys, are required to be deposited in the Bond Fund and applied as <br /> follows: <br /> (1) Unless the principal of all the Bonds have become or been declared <br /> due and payable, such moneys shall be applied first to the payment of all <br /> installments of interest then due on the Bonds, in order of maturity of the <br /> installments of such interest, including (to the extent permitted by law) <br /> interest on overdue installments of interest at the rate borne by the Bonds <br /> (or paid pro rata to the persons entitled thereto according to the amounts due <br /> on such installment if the amount available is not sufficient to pay in full <br /> any particular installment) , and second, to the payment of the unpaid principal <br /> of any of the Bonds which shall have become due (other than Bonds called for <br /> redemption for the payment of which moneys are held pursuant to the provisions <br /> of the Indenture) , in the order of their due dates with interest on such Bonds <br /> from the date on which they become due (or to the payment, pro rata, according <br /> to the amount of principal due on such date, to the persons entitled thereto, <br /> if the amount available is not sufficient to pay in full the principal due); or <br /> (2) if the principal of all the Bonds shall have become due or shall have <br /> been declared due and payable, such moneys shall be applied to the payment of <br /> principal and interest then due and unpaid on all Bonds (other than Bonds <br /> called for redemption for the payment of which moneys are held pursuant to the <br /> provision of the Indenture) , without preference or priority of principal over <br /> interest or interest over principal, pro rata, according to the amounts due <br /> respectively for principal and interest to the persons entitled thereto. <br /> If the principal of all the Bonds shall have been declared due and payable <br /> and if such declaration shall thereafter have been rescinded, the moneys shall <br /> be applied in accordance with the provisions of clause (1) above. <br /> The proceeds of any demand under the Letter of Credit shall be applied in <br /> accordance with the provisions of the Letter of Credit and shall not be avail- <br /> able for the payment of the fees and expenses of the Trustee or any paying <br /> agent. <br /> Whenever all of the Bonds and interest thereon shall have been paid under <br /> the provisions of the Indenture, and all fees, charges and expenses of the <br /> Trustee and the Paying Agent, and all other amounts required to be paid under <br /> the Indenture, shall have been paid, any balance remaining in the Bond Fund <br /> shall be paid to or upon the order of the Partnership or the Bank for the <br /> account of the Partnership, as provided in the Indenture. <br /> Modifications and Amendment of the Indenture <br /> The City and the Trustee may, without consent of, or notice to, any of <br /> the holders of the Bonds, enter into supplemental indentures as shall not be <br /> inconsistent with the terms and provisions of the Indenture, for any one or <br /> more of the following purposes: <br /> 24 <br />