Section 5.13. (a) Except as the Bank shall otherwise agree, the Borrower shall not issue any share of Series C of its capital stock payable to the bearer thereof until all shares of Series C have been fully paid up.
(b) Except as the Bank shall otherwise agree, the Borrower shall not purchase any share of its capital stock.
Section 5.14. The Borrower agrees to the assignment by the Bank, at any time, of the Mortgage and Pledge to a trustee, or trustees, or a similar fiduciary or fiduciaries, for the equal and ratable benefit of all holders of the Loan and the Notes. The Borrower shall take all such steps and execute and deliver all such documents as the Bank may from time to time reasonably request or as may from time to time be required in order to render or maintain such assignment of the Mortgage and Pledge valid and enforceable.
Section 5.15. In the event a trustee or trustees or a fiduciary or fiduciaries shall be appointed for the purposes contemplated in Section 5.14 hereof, such appointment or appointments and any arrangements incident thereto shall be made after consultation with the Borrower on such reasonable terms and conditions as in the opinion of the Bank are required by the Bank's operations, by the laws of the Guarantor and by the laws or the financial usage of the place or places where any of the Notes are payable. The Borrower shall take all such steps and execute and deliver all such documents as the Bank may from time to time reasonably request or as may from time to time be required in order to cause such trustee or trustees or fiduciary or fiduciaries to be appointed or to render or maintain such appointment or appointments and any arrangements incident thereto valid and enforceable, and shall pay all costs and expenses incident to such appointment or appointments and arrangements or arising out of the exercise by such trustee or trustees or fiduciary or fiduciaries of his or their functions.
Section 5.16. In the event the Bank shall request any Notes containing the provisions referred to in Section 4.02 hereof, the Borrower shall promptly upon the Bank's request furnish the Bank an opinion or opinions satisfactory to the Bank of counsel acceptable to the Bank that such Notes will constitute valid and binding obligations of the Borrower and of the Guarantor in accordance with their terms.
Article VI
Remedies of the Bank
Section 6.01. (i) If any event specified in paragraph (a), paragraph (b), paragraph (e) or paragraph (f) of Section 5.02 of the Loan Regulations shall occur and shall continue for a period of thirty days, or (ii) if any event specified in paragraph (c) of Section 5.02 of the Loan Regulations shall occur and shall continue for a period of sixty days after notice thereof shall have been given by the Bank to the Borrower, then at any subsequent time during the continuance thereof, the Bank, at its option, may declare the principal of the Loan and of all the Notes then outstanding to be due and payable immediately, and upon any such declaration such principal shall become due and payable immediately, anything in this Agreement or in the Notes to the contrary notwithstanding.
No. 3007
