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13068487v2
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<br />Section 8.04 Binding Effect. This Loan Agreement shall inure to the benefit of and shall
<br />be binding upon the Issuer, the Corporation and their respective successors, heirs and assigns, and
<br />subject to the further limitation that any obligation of the Issuer created by or arising out of this
<br />Loan Agreement shall not be a general debt of the Issuer but shall be payable solely out of the
<br />proceeds derived from this Loan Agreement or the sale of the Bonds.
<br />Section 8.05 Amendments, Changes and Modifications. Except as otherwise provided in
<br />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 accordance
<br />with the provisions of the Indenture), this Loan Agreement may not be effectively amended,
<br />changed, modified, altered or terminated without the prior written consent of the Trustee, and the
<br />Indenture, Assignment and Mortgage may not be effectively amended, changed, modified, altered
<br />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 in
<br />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 invalid
<br />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 therefor
<br />from time to time, and each such section, provision, covenant, stipulation, obligation, agreement,
<br />act, or action, or part thereof, shall be deemed to be effective, operative, made, entered into or
<br />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 induce
<br />the purchase by others of Bonds to be issued by the Issuer, and accordingly all covenants and
<br />agreements on the part of the Corporation and the Issuer as set forth in this Loan Agreement are
<br />hereby declared to be for the benefit of the owners from time to time of the Bonds. Notwithstanding
<br />the foregoing, those provisions of Sections 6.05, 6.06, 7.04 and 7.05 which confer certain rights
<br />upon the Issuer are intended to permit the Issuer to protect its interests under Sections 4.03(b),
<br />6.01, 7.04 and 7.05 hereof, and are not for the benefit of the Corporation, Trustee or Bondholders,
<br />and may be exercised by the Issuer in its sole discretion. The Issuer shall not be liable to the
<br />Corporation, Trustee or Bondholders for any action or failure to act in asserting its rights under
<br />said Sections.
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