DEFAULT; EVENTS OF DEFAULT AND REMEDIES. Section 7.1. Events of Default 44 Section 7.2. Remedies 47 Section 7.3. Set Off 48 Section 7.4. Remedies Cumulative 49 ARTICLE VIII MISCELLANEOUS Section 8.1. Notices 49 Section 8.2. Amendments, Waivers, Etc 51 Section 8.3. Indemnification 51 Section 8.4. Liability of the Bank 51 Section 8.5. Successors and Assigns 52 Section 8.6. Governing Law 52 Section 8.7. Survival of Warranties 52 Section 8.8. Severability 53 Section 8.9. Counterparts 53 Section 8.10. Time of Essence 53 Section 8.11. Headings 53 Section 8.12. Independence of Covenants 53 Section 8.13. Current Rating 53 Section 8.14. Entire Agreement 53 Section 8.15. No Personal Liability 53 Section 8.16. Usury 54 Section 8.17. Participations. 54 Section 8.18. Discretion of Bank as to Manner of Funding. 55 Section 8.19. No Waiver, Remedies 55 Section 8.20. Comptroller’s Approval; Standard Clauses 55 Section 8.21. USA Patriot Act 55 Section 8.22. Anti-Money Laundering; OFAC; Patriot Act 55 Section 8.23. Assignment to Federal Reserve Bank 56 Section 8.24. Waiver of Jury Trial; Consent to Jurisdiction and Venue 57 Section 8.25. Redaction 57 Section 8.26. No Fiduciary Relationship 57 Section 8.27. Arm’s Length Transaction 57 Schedule 5.27 — Redeemable Note Information Exhibit A — Form of Letter of Credit Exhibit B — Form of Bank Note Exhibit C — Form of Certificate of Authority Exhibit D — Form of Certificate of LIPA Subsidiary Exhibit E — Form of Opinion of Bond Counsel Exhibit F — Form of Opinion of Counsel to the Authority and LIPA Subsidiary Exhibit G — Form of Notice of No Issuance Exhibit H — Form of Rescission of Notice of No Issuance Appendix A — Standard Clauses Fee Annex REIMBURSEMENT AGREEMENT This GR REIMBURSEMENT AGREEMENT dated as of January 1, 2018, between LONG ISLAND POWER AUTHORITY, a corporate municipal instrumentality of the State of New York (the “Authority”), and Barclays Bank PLC (together with its successors and assigns, the “Bank”),
