No Acceleration of Other Obligations. The District will not, without the prior written consent of the Lender, enter into, or otherwise consent to, any credit agreement, standby bond purchase agreement, liquidity agreement, direct bond purchase agreement or other similar agreement or instrument (or any amendment, supplement or modification thereto) (each a “Bank Agreement”), which agreement or instrument includes, or otherwise grants to any Person as a remedy upon the occurrence of an event of default, the right to accelerate the payment of the principal of or interest on any Parity Debt or to otherwise declare the principal of or interest on any such Parity Debt to be immediately due and payable prior to its maturity or cause such Parity Debt to be paid pursuant to a mandatory tender, mandatory redemption or otherwise on any date other than a regularly scheduled payment date (collectively, “Acceleration Rights”) or sooner than 180 days after the occurrence of an “event of default” as defined in such Bank Agreement (“Earlier Repayment Rights”). Notwithstanding the foregoing sentence, in the event that the District shall (either before or after the date of this Agreement), directly or indirectly, enter into or otherwise consent to any Bank Agreement which includes the right to accelerate the payment of the principal of or interest on any Parity Debt or to otherwise declare the principal of or interest on any such Parity Debt to be immediately due and payable prior to its maturity or cause such Parity Debt to be paid pursuant to a mandatory tender, mandatory redemption or otherwise on any date other than a regularly scheduled payment date or sooner than 180 days after the occurrence of an “event of default” as defined in such Bank Agreement, then the Lender shall have the right, upon the occurrence of an Event of Default, to, (A) if Acceleration Rights are granted, declare all amounts outstanding with respect to the Series 2018 Notes to be, and such amounts shall thereupon become, immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the District and (B) if Earlier Repayment Rights are granted, cause all amounts outstanding with respect to the Series 2018 Notes to be paid in full by the date required by such Earlier Repayment Rights.
