82-25 AUTHORIZING, APPROVING, RATIFYING AND CONFIRMING CERTAIN ADDITIONS AND CHANGES TO ECONOMIC DEVELOPMENT REVENUE BONDS (BRETTWOOD VILLAGE ASSOCIATES PROJECT)

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nership, or of or relating to all or any substantial part of their respective properties; or (vii) take any action for the purpose of effecting any of the f oregoing; or (f) if (i) a petition shall be filed against the Partnership pursu- ant to the Bankruptcy Code or any other applicable bankruptcy, insolvency or reorganization statute or (ii) an order, judgment or decree of a court, agency or supervisory authority having jurisdiction in the premises for the appointment of a conservator, receiver, liquidator or trustee in any insolvency, readjustment of debt, marshalling of assets or liabilities or similar proceedings of or relating to the Partnership, or any general partner thereof or of or relating to all or any substantial part of their respective properties, or the winding-up or liquidation of their respec- tive affairs, shall have been entered without the consent of the Partner- ship, and such order, judgment or decree shall have remained in force undischarged or unstayed for a period of thirty (30) days from the date of the entry thereof. The Partnership's obligations contained in Section 6.1(b) or (c) of the Loan Agreement (other than its obligation to make monthly deposits of funds under Section 4.1(b( of the Loan Agreement) may be suspended if by reason of force majeure, as defined in the Loan Agreement, the Partnership is unable to carry out such obligations. Upon the happening and continuation of an event of default under (a) , (d) [by reason of an event of default under Section 9.01(a) or (d) of the Indenture (See "SUMMARY OF CERTAIN PROVISIONS OF THE INDENTURE - Default and Remedies" herein.) ] (e) or (f) above, the Trustee, by notice in writing to the Partner- ship and the Bank, is required to declare the unpaid principal balance of the Note prepayment premium, if any, and all accrued interest thereon to be immediately due and payable, and upon the happening and continuation of any other event of default, the Trustee, by notice in writing to the Partnership may declare the unpaid principal balance of the Note, prepayment premium, if any and all accrued interest thereon to be immediately due and payable, if concurrently with or prior to any such notice of acceleration the Bonds have become or are declared to be due and payable (see "SUMMARY OF CERTAIN PRO- VISIONS OF TAE INDENTURE - Default and Remedies" herein). Upon any default the Trustee may take whatever action at law or in equity is necessary or desirable to collect the amounts due or to become due under the Loan Agreement, the Note and the Mortgage, and to enforce performance of any covenant or condition to be performed or observed by the Partnership thereunder. Modification and Amendment of the Loan Agreement or the Note Except as otherwise provided in the Loan Agreement, the Note, the Mortgage or the Indenture, subsequent to the initial issuance of the Bonds, and prior to their payment in full (or provision for payment thereof being made in accor- dance with the Indenture) , the Loan Agreement, the Note and the Mortgage may not be effectively amended, changed, modified, altered or terminated without the written consent of the Trustee, the Bank and the holders of at least two-thirds in aggregate principal amount of all the Bonds then outstanding as provided in the Indenture. 34