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 CH. 22 GENERAL FISCAL POLICIES AND CONTROLS