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<br />cumulative and shall be in addition to every other remedy given hereunder or under <br />the Bonds or now or hereafter existing at law or in equity; provided. however. that <br />notwithstanding any other provision of this Ordinance. the right to accelerate the <br />debt evidenced by the Bonds shall not be available as a remedy under this Ordinance. <br /> <br />(b) The exercise of any remedy herein conferred or reserved shall not be <br />deemed a waiver of any other available remedy. <br /> <br />ARTICLE XI <br />DISCHARGE <br /> <br />Section 11.01. Discharge by Payment. <br /> <br />When all Bonds have been paid in full as to principal and as to interest and <br />premium. if any. or when all Bonds have become due and payable. whether at <br />"maturity or otherwise. and the City sha11 have provided for the payment of the <br />whole amount due or to become due on all Bonds then outstanding. including a11 <br />interest that has accrued thereon or that may accrue to the date of maturity. and <br />any premium due or that may become due at maturity. by depositing with the Paying <br />Agent/Registrar. for payment of the principal of such outstanding Bonds and the <br />interest accrued thereon and any premium due thereon. the entire amount due or to <br />become due thereon, and the City shall also have paid or caused to be paid all sums <br />payable under this Ordinance by the City. including the compensation due or to <br />become due the Paying Agent/Registrar. then the Paying Agent/Registrar. upon <br />receipt of a letter of instructions from the City requesting the same, shall discharge <br />and release the lien of this Ordinance and execute and deliver to the City such <br />releases or other instruments as shall be requisite to release the lien hereof. <br /> <br />Section 11.02. Discharge by Deposit. <br /> <br />(a) The City may discharge its obligation to pay the principal of. <br />premium. if any, and interest on the Bonds and its obUgation to pay a11 other sums <br />payable or to become payable under this Ordinance by the City, including the <br />compensation due or to become due the Paying Agent/Registrar. by: <br /> <br />(i) depositing or causing to be deposited with the Paying <br />Agent/Registrar an amount of money that. together with the interest earned <br />on or capital gains or profits to be realized from the investment of such <br />money. wil1 be sufficient to pay the principal of. premium. if any. and <br />accrued interest on such Bonds to maturity or to the date fixed for prior <br />redemption of such Bonds. and to pay such other amounts as may be <br />reasonably estimated by the Paying Agent/Registrar to become payable under <br />this Ordinance, including the compensation due or to become due the Paying <br />Agent/Registrar; and <br /> <br />0406s <br /> <br />-22- <br />