Guam § 6 - Extension of Payment of Principal and Interest on the

§ 6. Extension of Payment of Principal and Interest on the

Bonds.

The Government shall not directly or indirectly extend or

assent to the extension of the maturity of any of the Bonds or the

time of payment of any of the claims for interest by the purchase

or funding of such Bonds or claims for interest or by any other

arrangement; and in case the maturity of any of the Bands or the

time of payment of any such claims for interest shall be extended,

such Bonds or claims for interest shall not be entitled, in case of

any default hereunder, to the benefits of THIS Indenture, except

subject to the prior payment in full of the principal of all of the

Bonds then Outstanding and of all claims for interest thereon

which shall not have been so extended. Nothing in this Section

shall be deemed to limit the right of the Government to issue

bonds for the purpose of refunding any Outstanding Bonds, and

such issuance shall not be deemed to constitute an extension of

maturity of Bonds.