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stayed on appeal within sixty ~6D} days after the entry <br />thereof ; or <br />9.1.6. If, under the provisions of any applicable <br />bankruptcy laws~or any other law far the relief or aid of <br />debtors: <br />~a} any court of competent jurisdiction shall assume <br />custody.or control of the Airport or any of the buildings and <br />facilities thereof, and such custody or control shall not be <br />terminated within ninety ~9D} days from the date of <br />assumption or such custody or control; or <br />fib} any court of competent jurisdiction shall <br />approve of any petition for the reorganization of the Airport <br />or rearrangement or readjustment of the obligations of the <br />City hereunder, <br />9,z. Notice to Bondowners U on Occurrence of an <br />Event of Default. The Trustee shall give by mail to all the <br />Bondowners as their names and addresses appear upon the Bond <br />Register, written notice of the occurrence of any Event of <br />Default within thirty days after the Trustee shall have knowledge <br />that such Event of Default has occurred, unless the Event of <br />Default shall have been cured before the giving of such notice; <br />provided that, except in the case of default in the payment of <br />the principal of. premium or interest on any Bond, the Trustee <br />shall be protected in withholding such notice if and so long as <br />the board of directors, the executive committee or a trust <br />committee of directors and/or responsible officers, of the <br />Trustee in good faith determine that the withholding of such <br />notice is in the interests of the owners of the Bonds. <br />9.3. Remedies U on Occurrence of Event of <br />Default; Powers of Trustee and Bondowners; Waivers of Event of <br />Default; Termination of Proceedings. <br />9.3.1. Remedies; Proceedings By Trustee. Upon the <br />occurrence of an Event of Default hereunder, the Trustee: <br />~ a } for and on beha 1 f of the Owners of the Bonds , <br />shall have the same rights hereunder which are possessed by <br />any Owners of the Bonds; <br />fib} shall be authorized to proceed, in its own name <br />and as Trustee of an express trust; <br />~c} may pursue any available remedy by action at law <br />or suit in equity to enforce the payment of the principal of <br />and interest on the Bonds; <br />Page 56 - Ordinance <br />