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<br /> be restored to their former positions and rights hereunder respectively, but no such waiver or rescission
<br /> shall extend to any subsequent or other default, or impair any right consequent thereon.
<br /> Section 9.lOApplication of Moneys. All moneys received by the Trustee pursuant to any right
<br /> given or action taken under the provisions of this Article or held by the Trustee hereunder shall, after
<br /> payment of the costs and expenses of the proceedings resulting in the collection of such moneys and of
<br /> the expenses, liabilities and advances incurred or made by the Trustee, be deposited in the Bond Fund
<br /> and applied as follows:
<br /> (a) Unless the principal of all the Bonds has become or has been declared due and
<br /> payable, all such moneys shall be applied:
<br /> FIRST-To the payment to the persons entitled thereto of all installments of interest
<br /> then due on the Bonds, in the order of the maturity of the installments of such interest
<br /> beginning with the earliest such maturity and, if the amount available is not sufficient,
<br /> to pay in full any particular installment, then to the payment ratably, according to the
<br /> amounts due on such installment, to the persons entitled thereto, without any
<br /> discrimination or privilege; and
<br /> SECOND -To the payment to the persons entitled thereto of the unpaid principal of
<br /> and premium, if any, on any of the Bonds which have become due (other than Bonds
<br /> matured or called for redemption for the payment of which moneys are held pursuant to
<br /> the provisions of this Indenture), in the order of their due dates and beginning with the
<br /> earliest due date and, if the amount available is not sufficient to pay in full Bonds due on
<br /> any particular date, then to the payment ratably, according to the amount of principal due
<br /> on such date, to the persons entitled thereto without any discrimination or privilege; and
<br /> THIRD - The payment to the persons entitled thereto of all installments of interest
<br /> on overdue installments of interest and to the payment to the persons entitled thereto of
<br /> all installments of interest on overdue installments of principal and premium, if any, to
<br /> the extent permitted by law and if the amount available is not sufficient to pay in full any
<br /> particular installment, then to the payment ratably, according to the amounts due on such
<br /> particular installment, to the persons entitled thereto, without any discrimination or
<br /> privilege; and
<br /> FOURTH- To be held for the payment to the persons entitled thereto as the same
<br /> shall become due of the principal of, premium, if any, and interest on the Bonds which
<br /> may thereafter become due either at maturity or on call for redemption before maturity
<br /> and, if the amount available is not sufficient to pay in full Bonds due on any particular
<br /> date, together with interest and premium, if any, then due and owing thereon, payment
<br /> shall be made ratably according to the amount of interest,principal and premium, if any,
<br /> due on such date to the persons entitled thereto without any discrimination or privilege.
<br /> (b) If the principal of all the Bonds has become due or has been declared due and
<br /> payable, all such moneys shall be applied to the payment of the principal and interest then due
<br /> and unpaid on the Bonds, without preference or priority of principal over interest or of interest
<br /> over principal, or of any installment of interest over any other installment of interest, or of any
<br /> Bond over any other Bond, ratably, according to the amounts due, respectively, for principal and
<br /> interest, to the persons entitled thereto without any discrimination or privilege, with interest on
<br /> overdue installments of interest or principal.
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