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<br />SECTION 8.03. Remedies on Default .............. .......................................... ..................... ....... ......26 <br /> <br />SECTION 8.04. [Reserved]......... ..... ...... .......... ............................... ........... ........................ ....... ...27 <br /> <br />SECTION 8.05. No Remedy Exclusive; Waiver, Notice .............................................................27 <br />SECTION 8.06. Application of Moneys. ................ ........... .... ...................................... .............. ...27 <br /> <br />ARTICLE IX MISCELLANEOUS <br /> <br />SECTION 9.01. Notices....... ....... ....................................................................... ............... ...... ... ...28 <br /> <br />SECTION 9.02. Binding Effect ............... ....... .................... ............... .......... ........................... ... ...28 <br /> <br />SECTION 9.03. Severability.. .......... ... ..... .... .......... ............................................ .... .................. .....29 <br /> <br />SECTION 9.04. Amendments, Changes and Modifications ........................................................29 <br />SECTION 9.05. Execution in Counterparts.......... .............................. ..... ............ ........... ....... ..... ..29 <br />SECTION 9.06. Applicable Law..... ........ .............................................................................. .... ...29 <br />SECTION 9.07. Benefit of Bondholders; Compliance with Indenture.........................................29 <br />SECTION 9.08. Consents and Approvals....................................................................... ............ ..29 <br />SECTION 9.09. Immunity of Officers, Employees and Members of Council and Borrower ......29 <br /> <br />SECTION 9.10. Captions.. .......... ......... ... .................. ............... .............................. ........ ........... ...30 <br /> <br />SECTION 9.11. No Pecuniary Liability of Council.. ............... ........................ ..................... .... ...30 <br />SECTION 9.12. Payments Due on Holidays ................................................................................30 <br /> <br />SECTION 9.13. Calculations... ......... ................................................................... ...................... ...30 <br /> <br />SECTION 9.14. Time of Payment .... ........................... ........................................................... ..... .30 <br /> <br />11 <br />