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writing not more than one Business Day after first becoming aware of any breach <br /> of this Section. <br /> (k) Source of Repayment and Collateral. The Authority will not fund any <br /> repayment of the Note with proceeds, or provide as collateral any Property,that is directly <br /> or indirectly derived from any transaction or activity that is prohibited by Sanctions, Anti- <br /> Money Laundering Laws or Anti-Corruption Laws, or that could otherwise cause the <br /> Purchaser or any other party to this Agreement to be in violation of Sanctions,Anti-Money <br /> Laundering Laws or Anti-Corruption Laws. <br /> ARTICLE VI <br /> EVENTS OF DEFAULT <br /> Section 6.01. Events of Default. The occurrence of any of the following events(whatever <br /> the reason for such event and whether voluntary,involuntary,or effected by operation of law)shall <br /> be an"Event of Default", unless waived in writing by Purchaser: <br /> (a) the Authority shall fail to pay the principal of or interest on any Note when <br /> due; <br /> (b) any representation or warranty made by or on behalf of the Authority in this <br /> Agreement or any certificate or document delivered to the Purchaser related thereto shall <br /> provide to have been incorrect or untrue in any material respect when made; <br /> (c) the Authority shall fail to observe or perform any other covenant, restriction <br /> or agreement set forth in this Agreement and such failure shall remain unremedied for a period <br /> of thirty days after the occurrence thereof; <br /> (d) the Authority or any Sponsor shall (i) have entered involuntarily against it <br /> an order for relief under the United States Bankruptcy Code, as amended, (ii) become <br /> insolvent or shall not pay, or be unable to pay, or admit in writing its inability to pay, its <br /> debts generally as they become due, (iii)make an assignment for the benefit of creditors, <br /> (iv) apply for, seek, consent to, or acquiesce in, the appointment of a receiver, custodian, <br /> trustee, examiner, liquidator or similar official for it or any substantial part of its property, <br /> (v) institute any proceeding seeking to have entered against it an order for relief under the <br /> United States Bankruptcy Code, as amended, to adjudicate it insolvent, or seeking <br /> dissolution, winding up, liquidation, reorganization, arrangement, marshalling of assets, <br /> adjustment or composition of it or its debts under any law relating to bankruptcy, <br /> insolvency or reorganization or relief of debtors or fail to file an answer or other pleading <br /> denying the material allegations of any such proceeding filed against it, (vi)take any <br /> corporate action in furtherance of any matter described in parts (i) through (v) above, or <br /> (vii) fail to contest in good faith any appointment or proceeding described in paragraph(e) <br /> below; <br /> (e) a custodian, receiver, trustee, examiner, liquidator or similar official shall <br /> be appointed for the Authority, any Sponsor or any substantial part of their respective <br /> property, or a proceeding described in paragraph (d)(v) above shall be instituted against <br /> 13 <br />