How to change bonding configuration in Linux 5.9?

I have 2 ethernet port in my linux (Red hat 5.9) machine.The 2 ethernet ports (eth0 and eth1)are bonded and are making one single ethernet port namely bond0.
I have adaptive load share option selected.Now in this condition, if my eth0 port disconnected due to some failure, then will eth1 take the charge through bond seamlessly?Also please tell how to change bond setting in Red Hat Linux 5.9.