Guam § 7 - Acceleration of Maturities.

§ 7. Acceleration of Maturities.

If an Event of Default shall occur, then, and in each and every

such case during the continuance of such Event of Default, the

Trustee or the Holders of not less than a majority in aggregate

principal amount of the Bonds at the time Outstanding shall be

entitled, upon notice in writing to the Government, but only upon

the written consent of each Credit Provider that is not then in

default under its Credit Facility, to declare the principal of all of

the Bonds then Outstanding, and the interest accrued thereon, to

be due and payable immediately, and upon any such declaration

the same shall become and shall be immediately due and payable,

anything in this Indenture or in the Bonds contained to the

contrary notwithstanding. No Credit Provider shall be entitled to

give such consent unless it has agreed to pay the Bonds payment

of which is supported by such Credit Facility, as accelerated.

Any such declaration, however, is subject to the condition

that if, at any time after such declaration and before any judgment

or decree for the payment of the moneys due shall have been

obtained or entered, the Government shall deposit with the Trustee

a sum sufficient to pay all the principal or Redemption Price of

and installments of interest on the Bonds payment of which is

overdue, with interest on such overdue principal at the rare borne

by the respective Bonds, and the reasonable charges and expenses

of the Trustee, and any and all other Events of Default known to

the Trustee (other than in the payment of principal of and interest

on the Bonds due and payable solely by reason of such

declaration) shall have been made good or cured to the satisfaction

of the Trustee or provision deemed by the Trustee to be adequate

shall have been made therefor, then, and in every such case, the

Holders of not less than a majority in aggregate principal amount

of the Bonds then Outstanding, by written notice to the

Government and to the Trustee, may, on behalf of the Holders of

all of the Bonds, rescind and annul such declaration and its

consequences and waive such default; but no such rescission and

annulment shall extend to or shall affect any subsequent default,

or shall impair or exhaust any right or power consequent thereon.