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13068487v2 22 Section 5.06 Installation of Equipment. The Corporation may, from time to time in its discretion and at its own cost and expense, install or place other equipment and tangible personal property in the Project Buildings and on the Land, subject to the lien of the Mortgage. In the event that a lessor, vendor or purchase money lender is entitled to and does remove any equipment or other property, any damage resulting to the Project Facilities therefrom shall be repaired and the Project Facilities restored to their previous condition at the sole expense of the party effecting such removal or at the sole expense of the Corporation. Nothing in this Section 5.06 shall prevent the Corporation from entering into installment sale contracts or leases subsequent to the date hereof for the purchase or installation of personal property to be added to the Project Facilities. Section 5.07 Removal of Project Equipment. If no Default exists, the Corporation shall have the right to have Project Equipment removed from the Project Facilities released from the lien of the Mortgage, as follows: (a) The Corporation shall have the privilege from time to time of substituting equipment and related property for any Project Equipment, provided that the effect of such substitution shall not be to impair the character or revenue producing significance of the Project Facilities. Any such substituted property shall become Project Equipment subject to the lien of the Mortgage in place of the replaced equipment. (b) The Corporation shall also have the privilege of removing any Project Equipment without substitution therefor provided that the Corporation pay a sum equal to the then value of said Project Equipment as determined by an Independent Engineer or Independent appraiser selected by the Corporation if and so long as any of the Bonds remain outstanding. The Corporation shall pay such amounts to the Trustee for deposit in the Optional Redemption Fund (in addition to any other amounts required therein) or the Reserve Fund, as directed by the Authorized Corporation Representative, and shall deliver to the Trustee a Certificate signed by said Independent Engineer or Independent appraiser selected by the Corporation setting forth the value of said Project Equipment and a Certificate signed by the Authorized Corporation Representative stating that the removal of such equipment will not impair the character or revenue producing significance of the Project Facilities, provided that if the then current value of any item of equipment so removed is less than $75,000, such removal without substitution and such deposit may be effected without such deposit and without such determination of value and Certificate by an Independent Engineer or Independent appraiser selected by the Corporation, upon delivery to the Trustee of a certification by an Authorized Corporation Representative that the value of such item of equipment is less than $75,000. In the event any removal of equipment under this Section causes damage to buildings, the Corporation shall restore or repair such damage at its expense. The Trustee shall execute and deliver as provided in the Indenture such releases or other documents (if any) as the Corporation may properly request in connection with any action taken by the Corporation in conformity with this Section. The removal from the Project Facilities of any portion of equipment pursuant to the provisions of this Section shall not entitle the Corporation to any abatement or diminution of Loan Repayments subsequently due.