1. MIDA Bond-Oak Grove School
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1. MIDA Bond-Oak Grove School
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<br />The provisions of subsection (c) of this Section are subject to the following limitations: If <br />by reason of acts of God; fire; epidemics; landslides; floods; strikes; lockouts; or other industrial <br />disturbances; acts of public enemies; acts or orders of any kind of any governmental authority; <br />insurrections; riots; civil disturbances; explosions; breakage; or accident to machinery, transmission <br />pipes or canals; partial or entire failure of utilities; or any cause or event not reasonably within the <br />control of the Corporation, the Corporation is unable in whole or in part to carry out the agreements <br />on its part herein contained, other than the obligations on the part ofthe Corporation to make Basic <br />Payments, Additional Payments and taxes and to carry insurance, all under the provisions of <br />Article 4 and Article 5 hereof, the Corporation shall not be deemed in default during the continuance <br />of such inability. The Corporation shall, however, use its best efforts to remedy with all reasonable <br />dispatch the cause or causes preventing it from carrying out its agreements; provided, that the <br />Corporation shall in no event be required to settle strikes, lockouts, or other industrial disturbances <br />by acceding to the demands of the opposing party or parties when such course is, in the judgment <br />of the Corporation, unfavorable to it. <br /> <br />SECTION 9.02. ISSUE I~ 's REMEDIES. Whenever any Event of Default shall have happened <br />and be subsisting, the Issuer may, and the Issuer hereby authorizes the Lender, on behalf of the Issuer <br />(without prior written notice to the Issuer) to, take at its discretion anyone or more of the following <br />remedial steps: <br /> <br />(a) Declarc al I Basic Payments, Additional Payments and other amounts payable <br />under Section 4.02 and 4.03 hereof for the remainder of the term of this Loan Agreement <br />(being an amount equal to the sum necessary to pay in full the remaining principal of, <br />premium, if any, and inkrest on the Bonds, assuming acceleration of the Bonds, and to pay <br />all other obligations and indebtedness hereunder and thereunder) to be immediately due and <br />payable, whereupon the same shall become immediately due and payable by the Corporation. <br /> <br />(b) Take wh:ltever action at law or in equity to enforce the rights of the Lender <br />under the Mortgage or tllC Assignment. <br /> <br />(c) Requirc t', c Corporation to furnish copies of all books and records of the <br />Corporation pertaining L I the Facilities. <br /> <br />(d) Take whatever action at law or in equity may appear necessary or appropriate <br />to collect the Basic Payments and Additional Payments then due and thereafter to become <br />due hereunder, or to enfurce performance and observance of any obligation, agreement, or <br />covenant of the Corporation under this Loan Agreement. <br /> <br />SECTION 9.03. MAN:\l:: OF EXERCISE. No remedy herein conferred upon or reserved to <br />the Issuer is intended to be exclusive of any other available remedy or remedies, but each and every <br />such remedy shall be cumulati\'c and shall be in addition to every other remedy given under this <br />Loan Agreement or now or hCle:: rter existing at law or in equity. No delay or omission to exercise <br />any right or power occurring upon any default shall impair any such right or power or shall be <br /> <br />9-2 <br />
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