81006050 - Laserfiche WebLink

Browse

81- (~t~505r: or remedies herein provided, and each and every such remedy shall be cumu'..,'•.ive and shall be in addition to every other remedy giver. hereunder.. The Issuer covenants that in the event it should cause the Trustee to exercise the right of repossession of the Project under Se.:tion 8.03 of the Lease, in lieu of terminating the Lease, it shall cause the Trustee to administer and otherwise conduct the operation of the Project in such prudent and businesslike manner as shall protect and enhance to the fullest extent feasible the rights and interests of tihe Bondholders in the Project. Section 810. No Delay or Omission Construed to be a Waiver. No delay or omission of the Trustee or of any holder of the Bonds to exercise any right or power accruing upon any default shall impair any such right or power or shall be construed to be a waiver of any such default or any acquiescence therein; and every power and remedy given by this Indenture to the Trustee and ro the holders of the Bonds, respectively, may be exercised from time to time and as often as may be deemed expedient. The Trustee may, and upon written request of the holders of nat less than sixty-six and two-thirds percent {66 2/3$} in aggregate principal amount of the Bonds then outstanding shall, waive any default which in its opinion shall have been remedied before the entry of final judgment or decree in any_suit, action or proceeding instituted by it under the provisions of this Indenture or before the completion of the enforcement of any other remedy under this Indenture, but no such waiver shall extend to or affect any other existing or any subsequent default or defaults or impair any rights or remedies consequent thereon. Section 811. Notice of Default. The Trustee shall mail to the Company, a Guarantors, the Issuer, the Sublessee, the Bondholders of record and all owners of registered Bonds, at their respective addresses as they appear on the registration books, written notice of the occurrence of any event of default set forth in Section 801 +~f this Article within thirty (30} days after the Trustee shall have notice, subject to the provisions of Section 408 of thin Indenture, that any such event of default shall have occurred. The Trustee shall not, however, be subject to any liability by reason of its failure to cause the delivery or actual receipt of any such notice. Section 812. Remedies in Lease Into orated b Reference. The remedies conferre an t is Artzc a sha i be a.n a itxon to all remedies provided for in the Lease, which remedies are hereby fully incorporated herein by this reference. 69 I