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394 Section 5.11. In the event a trustee or trustees or a fiduciary or fiduciaries shall be appointed for the purposes contemplated in Sections 5.09 and 5.10 hereof, such appointment or appointments and any arrangements incident thereto shall be made after consultation with the Borrower on such reasonable terms and conditions as in the opinion of the Bank are required by the Bank's operations, by the laws affecting the Mortgage and the Assignment and by the laws or the financial usages of the place or places where any of the Bonds are payable. The Borrower shall take all such steps and execute and deliver all such documents as the Bank may from time to time reasonably request or as may from time to time be required in order to cause such trustee or trustees or fiduciary or fiduciaries to be appointed or to render or maintain such appointment or appointments and any arrangements incident thereto valid and enforceable, and shall pay all costs and expenses incident to such appointment or appointments and arrangements or arising out of the exercise by such trustee or trustees or fiduciary or fiduciaries of his or their functions.

Section 5.12. In the event the Bank shall request any Bonds, the Borrower shall promptly upon the Bank's request furnish the Bank a supplemental opinion or supplemental opinions satisfactory to the Bank of counsel acceptable to the Bank showing that such Bonds will constitute valid and binding obligations of the Borrower and of the Guarantor in accordance with their terms, and that the appointment or appointments contemplated in Section 5.11 hereof and any arrangements incident thereto have been validly made and have become effective inaccordance with their terms.

Section 5.13. (a) The Borrower shall at all times maintain its existence and right to carry on operations and shall, except as the Bank shall otherwise agree, acquire, maintain and renew all rights, powers, privileges and franchises necessary or useful in the operation of its business.

(b) The Borrower shall maintain its plants, equipment and property and from time to time make all necessary renewals and repairs thereof, all in accordance with sound business and engineering standards; and shall at all times operate its plants and equipment and maintain its financial position in accordance with sound business, financial and public utility standards.

Article VI

Section 6.01. (i) If any event specified in paragraph (a), paragraph (b), paragraph (e) or paragraph (f) of Section 5.02 of the Loan Regulations shall occur and shall continue for a period of thirty days, or (ii) if any event specified in paragraph (c) of Section 5.02 of the Loan Regulations shall occur and shall continue for a period of sixty days after notice thereof shall have been given by the Bank to the Borrower, then at any subsequent time during the continuance thereof, the Bank, at its option, may declare the principal of the Loan and of all the Bonds then outstanding to be due and payable immediately, and upon any such declaration such principal shall become due and payable immediately, anything in this Agreement or in the Bonds to the contrary notwithstanding. No. 531