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.~ <br /> <br />7 <br /> <br />(i) <br />LJ <br />no event of default was declared, and <br />(ii) such payment was made within 15 calendar days of <br />the date it was scheduled to become due. <br />(3) The primary term of any lease shall not expire prior to the <br />final principal maturity of bonds of an issuer the proceeds of which provide the <br />project, <br />(4) Tha maturity schedule of bonds shall be arranged so the <br />principal maturity thereof does not exceed the useful life of the facilities <br />(machinery, equipment, buildings) to be provided with the proceeds of the bonds. <br />(5) The following details: <br />(a) Term of lease, <br />(b) Amount of rental payments to be paid by the lessee and <br />ultimate lessee to amortize the bond issue. <br /> <br />(6) Ultimate lessee must pay all expenses of repair, maintenance <br />and operation of the project. <br />(7) The ultimate lessee will take out and maintain in effect, or <br />will cause to be taken out and maintained in effect, the following insurance; <br />(a) Insurance to the extent of the full insurable value of <br />the building and improvements which are a part of the project, against <br />damage or loss by fire, lightning, ice, explosion, strikes, locked-out <br />workers or persons taking part in labor disturbances, riots and civil <br />commotions, vandalism, malicious mischief, tornado, cyclone, windstorm, <br />and collision from or by airborne or automotive traffic with standard <br />deductible provisions for any one casualty; <br />(b} In time of war in which the United States of America is <br />a belligerent, such insurance to the extent of the full insurable <br />value of the project as may be available from the United States of <br />America against loss or damage by the risks and hazards of war; <br />(c) Use and occupancy insurance to the extent necessary to <br />insure payment of the lease payable by ultimate lessee under the <br />Assigned Lease during the time required to repair ar restore the <br />buildings in the event of any damage thereto or destruction thereof, <br />limited with respect to such Basic Rent payable under the Assigned <br />Lease to the amount of such rent payable during the six-month period <br />next succeeding such damage or destruction; <br />• <br />(d} Insurance against liability for injury to or for death <br />of persons and for damage to or for loss of property occurring on the <br />project or in any way related to the operation thereof, in such amounts <br />