Acceleration of Bonds. In the case of the happening and continuance of any of the events of default specified in Section 7.01 hereof, then in any such case the Trustee, by notice in writing mailed to the Authority, may, and shall, upon written request of the registered owners of twenty-five percent (25%) in principal amount of the Bonds then outstanding hereunder, declare the principal of all Bonds hereby secured and then outstanding, and the interest accrued thereon, immediately due and payable, and upon such declaration such principal and interest shall become and be immediately due and payable; provided, however, the registered owners of a majority in principal amount of all such outstanding Bonds, by written notice to the Authority and to the Trustee, may annul such declaration and destroy its effect at any time if all agreements with respect to which default has been made are fully performed and all such defaults are cured, and all arrears of interest upon all Bonds outstanding hereunder and the reasonable expenses and charges of the Trustee, its agents and attorneys, and all other indebtedness secured hereby, except the principal of any Bonds not then due by their terms and interest accrued thereon since the then last interest payment date, are paid or the amount thereof is paid to the Trustee for the benefit of those entitled thereto.
Acceleration of Bonds. In the event that the principal of the Bonds shall have become due and payable pursuant to Section 9.01 hereof, the Trustee shall, without further authorization, deposit into the General Account within the Bond Fund all amounts constituting part of the Trust Estate remaining in the Construction Fund, with advice to the Authority and the Company of such action, such deposit to be made on the date fixed for such acceleration.
Acceleration of Bonds. In certain events, on the conditions, in the manner and with the effect set forth in the Indenture, the principal of all the Bonds and Additional Bonds issued under the Indenture and then Outstanding may be declared and may become due and payable before the stated maturities thereof, together with accrued interest thereon.
Acceleration of Bonds. In the event that the principal of the Bonds shall have become due and payable pursuant to Section 11.2 hereof, subject to Section 8.5(e) hereof, any amounts held in or on deposit in the Construction Fund shall be transferred by the Trustee to the Bond Fund.
Acceleration of Bonds. In the event that the principal of the Bonds shall have become due and payable pursuant to Section 1102 hereof, the Trustee may, and at the written direction of the holders of at least 25% in aggregate principal amount of Bonds then outstanding hereunder shall, deposit into the Bond Fund all amounts remaining in the Construction Fund, with written advice to the Issuer and the Lessee of such action.
