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<br />(f) The City shall file a petition or answer seeking reorganization or any <br />arrangement under the federal bankruptcy laws or any other applicable law or statute of the <br />United States of America or the State of Florida; or <br /> <br />(g) The City shall default in the due and punctual payment or performance of <br />covenants under any obligation for the payment of money to the Bank or any other subsidiary or <br />affiliate of the Bank; or <br /> <br />(h) A judgment or order shall be rendered against the City for the payment of <br />money in excess of$250,000 which is not covered by insurance and such judgment or order shall <br />continue unsatisfied or unstayed for a period of more than 30 days; or <br /> <br />(i) An event of default occurs with respect to the Prior Debt or any loan <br />documentation in connection therewith. <br /> <br />Section 8.2 Effect of Event of Default. Except as otherwise provided in the Bonds, <br />immediately and without notice, upon the occurrence of any Event of Default, the Bank may <br />declare all obligations of the City under the Loan Documents to be immediately due and payable <br />without further action of any kind and upon such declaration the Bonds and the interest accrued <br />thereon shall become immediately due and payable. In addition, and regardless whether such <br />declaration is or is not made, the Bank may also seek enforcement of and exercise all remedies <br />available to it under the Bond Ordinance, the Act and any other applicable law. <br /> <br />Should the City default in any obligation created by this Agreement or the Bonds, the <br />Bank may, in addition to any other remedies set forth in this Agreement or the Bonds, either at <br />law or in equity, by suit, action, mandamus or other proceeding in any court of competent <br />jurisdiction, protect and enforce any and all rights under the laws of the State of Florida, or <br />granted or contained in this Agreement, and may enforce and compel the performance of all <br />duties required by this Agreement or by any applicable statutes to be performed by the City or by <br />any officer thereof. <br /> <br />ARTICLE IX <br /> <br />MISCELLANEOUS <br /> <br />Section 9.1 No Waiver; Cumulative Remedies. No failure or delay on the part of the <br />Bank in exercising any right, power, remedy hereunder, or under the Bonds or other Loan <br />Documents shall operate as a waiver of the Bank's rights, powers and remedies hereunder, nor <br />shall any single or partial exercise of any such right, power or remedy preclude any other or <br />further exercise thereof, or the exercise of any other right, power or remedy hereunder or <br />thereunder. The remedies herein and therein provided are cumulative and not exclusive of any <br />remedies provided by law or in equity. <br /> <br />Section 9.2 Amendments. Chane:es or Modifications to the Ae:reement. This <br />Agreement shall not be amended, changed or modified except by written instrument between the <br />Bank and the City. The City agrees to pay all of the Bank's reasonable costs and reasonable <br /> <br />{MI883440_2} <br /> <br />14 <br />