Guam § 7 - Events of Default. The following events shall be Events

§ 7. Events of Default. The following events shall be Events

of Default:

(A) default by the Government in the due and punctual

payment of the principal or Redemption Price of any Bond when

and as the same shall become due and payable, whether at

maturity as therein expressed, by proceedings for redemption, by

declaration or otherwise; default by the Government in the

redemption from any Mandatory Sinking Account Payment of any

Term Bonds in the amounts and at the times provided therefor; or

default by the Government in the due and punctual payment of

any installment of interest on any Bond when and as such interest

installment shall become due and payable;

(B) default by the Government in the observance of any of

the covenants, agreements or conditions on its part in this

indenture or in the Bonds contained, if such default shall have

continued for a period of sixty (60) days after written notice

thereof, specifying such default and requiring the same to be

remedied, shall have been given to the Government by the

Trustee, or to the Government and the Trustee by any Credit

Provider or by the Holders of not less than twenty-five percent

(25%) in aggregate principal amount of the Bonds at the time

Outstanding; or

(C) the assumption, under the provisions of any law relating

to bankruptcy or insolvency or any similar law relating to

creditor’s rights, by any court of competent jurisdiction, of

custody or control of the Government or of the whole or any

substantial part of its property, if such custody or control is not

terminated or stayed within sixty (60) days from the daze of

assumption of such custody or control.

COL4/6/2022