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in any trial or other proceeding relating thereto. Any suit or proceeding instituted by the Trustee <br /> shall be brought in its name as Trustee without the necessity of joining any Holders as plaintiffs <br /> or defendants. Any recovery of judgment shall be for the benefit of the Holders of the <br /> Outstanding Bonds, subject to the provisions of this Indenture. <br /> Section 7.08. Rights and Remedies of Holders. A Holder shall not have any right to <br /> institute any suit, action or proceeding for the enforcement of this Indenture, for the execution of <br /> any trust hereof, or for the exercise of any other remedy hereunder, unless: <br /> (a) there has occurred and is continuing an Event of Default of which the Trustee has <br /> been notified, as provided in paragraph (f) of Section 6.02 hereof, or of which it is deemed to <br /> have notice under that paragraph, <br /> (b) the Holders of at least 25% in aggregate principal amount of Bonds then <br /> outstanding shall have made written request to the Trustee and shall have afforded the Trustee <br /> reasonable opportunity to proceed to exercise the remedies, rights and powers granted herein or <br /> to institute the suit, action or proceeding in its own name, and shall have offered indemnity to the <br /> Trustee as provided in Sections 6.01 and 6.02 hereof, and <br /> (c) the Trustee thereafter shall have failed or refused to exercise the remedies, rights <br /> and powers granted herein or to institute the suit, action or proceeding in its own name. <br /> At the option of the Trustee, that notification (or notice), request, opportunity and offer of <br /> indemnity are conditions precedent in every case, to the institution of any suit, action or <br /> proceeding described above. <br /> No one or more Holders of the Bonds shall have any right to affect, disturb or prejudice <br /> in any manner whatsoever the security or benefit of this Indenture by its or their action, or to <br /> enforce, except in the manner provided herein, any remedy, right or power hereunder. Any suit, <br /> action or proceedings shall be instituted, had and maintained in the manner provided herein for <br /> the benefit of the Holders of all Bonds then outstanding. Nothing in this Indenture shall affect or <br /> impair, however, the right of any Holder to enforce the payment of the Bond Service Charges on <br /> any Bond owned by that Holder at and after the maturity thereof, at the place, from the sources <br /> and in the manner expressed in that Bond. <br /> Section 7.09. Termination of Proceedings. In case the Trustee shall have proceeded to <br /> enforce any remedy, right or power under this Indenture in any suit, action or proceedings, and <br /> the suit, action or proceedings shall have been discontinued or abandoned for any reason, or shall <br /> have been determined adversely to the Trustee, the Issuer, the Trustee and the Holders shall be <br /> restored to their former positions and rights hereunder, respectively, and all rights, remedies and <br /> powers of the Trustee shall continue as if no suit, action or proceedings had been taken. <br /> Section 7.10. Waivers of Events of Default. Except as hereinafter provided, at any time, <br /> in its discretion, the Trustee may waive any Event of Default hereunder and its consequences and <br /> may rescind and annul any declaration of maturity of principal of or interest on, the Bonds. The <br /> Trustee shall do so upon the written request of the Holders of <br /> - 53 - <br />