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Applicable Laws, including, but not limited to, the specific performance of any covenant or
<br />agreement contained herein, or injunction; provided, however, that no action for money damages
<br />against the City may be sought or shall be permitted. The Trustee retains the right to obtain the
<br />advice of counsel in its exercise of remedies for default.
<br />(b) PURSUANT TO SECTION 11.7, THE PRINCIPAL OF THE BONDS SHALL
<br />NOT BE SUBJECT TO ACCELERATION UNDER ANY CIRCUMSTANCES.
<br />(c) Whenever moneys are to be applied pursuant to this Article XI, irrespective of
<br />and whether other remedies authorized under this Indenture shall have been pursued in whole or
<br />in part, the Trustee may cause any or all of the assets of the Trust Estate, including Investment
<br />Securities, to be sold. The Trustee may so sell the assets of the Trust Estate and all right, title,
<br />interest, claim and demand thereto and the right of redemption thereof, in one or more parts, at
<br />any such place or places, and at such time or times and upon such notice and terms as the Trustee
<br />may deem appropriate and as may be required by law and apply the proceeds thereof in
<br />accordance with the provisions of this Section. The Trustee shall sell Trust Estate assets,
<br />according to the appraised value thereof, beginning with the asset of the highest value and
<br />continuing such sales in the order of next succeeding most valuable asset until satisfaction of
<br />debts pertaining to the outstanding Bonds. Upon such sale, the Trustee may make and deliver to
<br />the purchaser or purchasers a good and sufficient assignment or conveyance for the same, which
<br />sale shall be a perpetual bar both at law and in equity against the City, and all other Persons
<br />claiming such properties. No purchaser at any sale shall be bound to see to the application of the
<br />purchase money proceeds thereof or to inquire as to the authorization, necessity, expediency, or
<br />regularity of any such sale. Nevertheless, if so requested by the Trustee, the City shall ratify and
<br />confirm any sale or sales by executing and delivering to the Trustee or to such purchaser or
<br />purchasers all such instruments as may be necessary or, in the judgment of the Trustee, proper
<br />for the purpose which may be designated in such request.
<br />(d) In an Event of Default shall have occurred and be continuing, the City, upon
<br />demand of the Trustee, shall surrender the possession of, and it shall be lawful for the Trustee, by
<br />such officer or agent as it may appoint, to take possession of all or any part of the Trust Estate,
<br />together with the books, papers, and accounts of the City pertaining thereto, and including the
<br />rights and the position of the City, and to hold, operate, and manage the same, and from time to
<br />time make all needed repairs and improvements, as well as set up proper reserve for the payment
<br />of all proper costs and expenses, holding and managing the same, including (i) reasonable
<br />compensation to the Trustee, its agents, and counsel, (ii) any reasonable charges of the Trustee
<br />hereunder, (iii) any taxes and assessments and other charges prior to the lien of this of Indenture,
<br />and (iv) all expenses of such repairs and improvements. After payment in full of the foregoing,
<br />the Trustee shall surrender possession of the Trust Estate to the City, its successors or assigns.
<br />Section 11.3. Restriction on Owner's Action.
<br />(a) No Owner shall have any right to institute any action, suit or proceeding at law or
<br />in equity for the enforcement of this Indenture or for the execution of any trust thereof or any
<br />other remedy hereunder, unless (i) a default has occurred and is continuing of which the Trustee
<br />has been notified in writing as provided in Section 9.3(f), or of which by such Section it is
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