amount of any Bond or Parity Indebtedness or the redemption premium or the rate
of interest thereon, or (c) the creation of a lien upon or a pledge of Net
Revenues superior or equal to the lien and pledge created by the Resolution, or
(d) a preference or priority of any Bond or Bonds over any other Bond or Bonds
or Parity Indebtedness, (e) the issuance of Indebtedness payable from Net
Revenues senior to or on a parity with the Bonds and Parity Indebtedness, or
(f) a reduction in the aggregate principal amount of the Bonds and Parity
Indebtedness  required  for consent   to  such supplemental resolution.     Series
Resolutions, as described above, however, are permitted.

           ARTICLE VIII. DEFAULTS; REMEDIES

           Section 8.01. Events of Default.

           The following events are "events of default" under the Resolution:

           (a) due and punctual payment of the principal and of the redemption
premium, if any, of any of the Bonds shall not be made when the same shall
become due and payable, either at maturity or by proceedings for redemption or
otherwise; provided, however, that failure to purchase or pay on any purchase
date any Bonds which shall be subject to purchase at the demand of the Owner
thereof shall be an event of default only if so provided in the Series
Resolution pursuant to which such Bonds were authorized; or

           (b) due and punctual payment of any installment of interest on any
of the Bonds shall not be made when the same shall become due and payable; or

           (c) due and punctual payment of any installment of principal and
interest on any Parity    Indebtedness  shall not be made when     the same shall
become due and payable; or

           (d)  the Board shall unreasonably delay or fail to carry on with
reasonable dispatch the construction of the Hospital Project or any Additional
Facilities for which Bonds and Parity Indebtedness shall be issued under the
provisions of the Resolution unless the Board shall receive an opinion from a
Consultant that such delay does not adversely affect the Owners of the Bonds
and holders of Parity Indebtedness; or

           (e) abandonment of the Hospital or any substantial portion thereof
or the discontinuance of the operations therein for a period of thirty (30)
days,  except  as  such  abandonment   or  discontinuance   is  permitted  by  the
Resolution; or

           Cf) any building representing a part of the Hospital shall be
destroyed  or  damaged   and  shall   not  be   promptly  repaired,   replaced  or
reconstructed or substitute facilities afforded (whether such failure promptly
to repair, replace or reconstruct such buildings or to afford substitute
facilities  be due   to  the  impracticability  of such   repair,  replacement  or
reconstruction or the construction of such substitute facilities or to lack of
funds therefor or for any other reason) and the insurance proceeds shall not be
deposited in the Revenue Fund; or



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