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<br />26 <br />enforced and exercised from time to time and as often as shall be deemed expedient by the <br />Trustee. <br /> <br />If any action, proceeding or suit to enforce any right or to exercise any remedy is <br />abandoned or determined adversely to the Trustee or the Owners, the Trustee, the Owners and <br />the Authority shall be restored to their former positions, rights and remedies as if such action, <br />proceeding or suit had not been brought or taken. <br /> <br />Section 6.04. Remedies Not Exclusive. No remedy herein conferred upon or reserved <br />to the Trustee is intended to be exclusive of any other remedy, and each such remedy shall be <br />cumulative and shall be in addition to every other remedy given hereunder or now or hereafter <br />existing in law or in equity or by statute or otherwise and may be exercised without exhausting <br />and without regard to any other remedy conferred by any other law. <br /> <br />Section 6.05. No Liability by the Trustee to the Owners. Except for the duty of the <br />Trustee to make payments of principal, redemption premiums (if any) and interest with respect to <br />the Bonds from moneys received from the Authority, the Trustee will not have any obligation or <br />liability to the Owners with respect to the payment when due of the principal of or interest on the <br />Bonds, or with respect to the performance by the Authority of the other agreements and covenants <br />required to be performed by it contained herein. <br /> <br />Section 6.06. Limitation on Owners’ Right to Bring Suit. No Owner of any Bond shall <br />have any right to institute any proceeding, judicial or otherwise, under or with respect to this <br />Indenture or the Installment Purchase Contract, or for the appointment of a receiver or trustee or <br />for any other remedy hereunder, at law or in equity, unless: <br /> <br />(1) such Owner has previously given written notice to the Trustee of a <br />continuing event of default; <br /> <br />(2) the owners of not less than a majority in principal amount of the Bonds <br />Outstanding shall have made written request to the Trustee to institute proceedings in <br />respect of such event of default in its own name as Trustee hereunder; <br /> <br />(3) such Owner or Owners have offered to the Trustee reasonable indemnity, <br />satisfactory to the Trustee, against the costs, expenses and liabilities to be incurred in <br />compliance with such request; and <br /> <br />(4) the Trustee for sixty (60) days after its receipt of such notice, request and <br />offer of indemnity has failed to institute any such proceeding. <br /> <br />It being understood and intended that no one or more Owners shall have any right in any manner <br />whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice <br />the lien of this Indenture or the rights of any other Owners or to obtain or to seek to obtain priority <br />or preference over any other Owners or to enforce any right under this Indenture, except in the <br />manner herein provided and for the equal and ratable benefit of all Bonds. Notwithstanding the <br />foregoing, the Owner of any Bond shall have the right which is absolute and unconditional to <br />receive payment of interest on such Bond when due in accordance with the terms thereof and <br />hereof and the principal of such Bond at the stated maturity thereof and to institute suit for the <br />enforcement of any such payment in accordance with the provisions of this Indenture and such <br />rights shall not be impaired without the consent of such Owner. <br /> <br />8.A. - Page 146 of 255 <br />774