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On `✓' Section 101_3. Anything herein to the co=ary not,%7itt�st_aigcling, no default (other than a default under Section 1001 (a), N) a._d (c) !,ercof to ,v�_ic�I this Section 1013 shall not be applicable) shall constitute an event of default until actual notice of such default by registered or certified mail (,,,jith or without return receipt requested) shall be given to the Lessee under the Lease Agreement, and the Lessee under the Lease Agreement shall have had sixty (60) days after receipt of such notice to correct said default or cause said default to be corrected, and the Lessee under the Lease Agreement shall not have corrected said default or caused said default to be corrected within said sixty (60) days period; provided, how- ever, if said default be such that it cannot be corrected within sixty (60) days, it shall not constitute an event of default if corrective action is instituted within said sixty (60) days period and diligently pursued until the default is corrected. With regard to any alleged default concerning which notice is given to the Les- see under the Lease Agreement under the provisions of this Section 1013, the City names and appoints the Lessee under the Lease Agreement as its attorney in fact and agent with full authority to perform any covenant or obligation of the City alleged in said notice to constitute a default in the name and stead of the City with full power to do any such things and acts to the same extent that the City could do and perform any such things and acts and with power of substi- tution. In this regard, it is agreed that the parties hereto have familiarized them- selves with the 'terms and provisions of the Lease Agreement. Section 1014. The rights and remedies provided in favor of the Trustee and the holders of the bonds by the provisions of this Indenture are in each case subject to the proviso that each and every such right and remedy shall be and may be exercised only subject and subordinate to the rights of said Lessee under the Lease Agreement.