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<br />Section 8.03 Reference to Bonds Ineffective after Bonds Paid. Upon payment in full of
<br />the Bonds (or provision for payment thereof having been made in accordance with the provisions
<br />of the Indenture) and all fees and charges of the Issuer and the Trustee and any paying agents of
<br />the Bonds, all references in this Loan Agreement to the Bonds and the Trustee shall be
<br />ineffective and neither the Trustee nor the Holders of any of the Bonds shall thereafter have any
<br />rights hereunder, saving and excepting those that shall have heretofore vested.
<br />Section 8.04 Binding Effect. This Loan Agreement shall inure to the benefit of and
<br />shall be binding upon the Issuer, the Borrower and their respective successors, heirs and assigns,
<br />and subject to the further limitation that any obligation of the Issuer created by or arising out of
<br />this Loan Agreement shall not be a general debt of the Issuer but shall be payable solely out of
<br />the proceeds derived from this Loan Agreement or the sale of the Bonds.
<br />Section 8.05 Amendments, Changes and Modifications. Except as otherwise provided
<br />in this Loan Agreement or in the Indenture, subsequent to the issuance of the Bonds and prior to
<br />payment of the Bonds in full (or provision for the payment thereof having been made in
<br />accordance with the provisions of the Indenture), this Loan Agreement may not be effectively
<br />amended, changed, modified, altered or terminated without the prior written consent of the
<br />Trustee, and the Indenture and the Mortgage may not be effectively amended, changed,
<br />modified, altered or terminated except as provided in the Indenture.
<br />Section 8.06 Counterparts. This Loan Agreement may be executed in several
<br />counterparts, each of which shall be regarded as an original and all of which shall constitute but
<br />one and the same Loan Agreement.
<br />Section 8.07 Severability. In case any section or provision of this Loan Agreement, or
<br />in case any covenant, stipulation, obligation, agreement, act, or action, or part thereof, made,
<br />assumed, entered into, or taken under this Loan Agreement, or any application thereof, is for any
<br />reason held to be illegal or invalid, or is at any time inoperable by reason of any law, or actions
<br />thereunder, such illegality or invalidity or inoperability shall not affect this remainder thereof or
<br />any other section or provision of the Loan Agreement or any other covenant, stipulation,
<br />obligation, agreement, act, or action, or part thereof, made, assumed, entered into, or taken under
<br />this Loan Agreement, which shall at the time be construed and enforced as if such illegal or
<br />invalid or inoperable portion were not contained therein, nor shall such illegality or invalidity or
<br />inoperability or any application thereof affect any legal and valid and operable application
<br />therefor from time to time, and each such section, provision, covenant, stipulation, obligation,
<br />agreement, act, or action, or part thereof, shall be deemed to be effective, operative, made,
<br />entered into or taken in the manner and to the full extent from time to time permitted by law.
<br />Section 8.08 Captions. The captions or headings in this Loan Agreement are for
<br />convenience only and in no way define, limit or describe the scope or intent of any provisions or
<br />sections of this Loan Agreement.
<br />Section 8.09 Benefit of Bondholders. This Loan Agreement is executed in part to
<br />induce the purchase by others of Bonds to be issued by the Issuer, and accordingly all covenants
<br />and agreements on the part of the Borrower and the Issuer as set forth in this Loan Agreement
<br />are hereby declared to be for the benefit of the owners from time to time of the Bonds.
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