1990-05-15 Resolution 22 - Laserfiche WebLink

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or in aid of any power herein granted, or for the enforcement of any other appropriate legal or equitable remedy. No remedy by the terms of this Agreement conferred upon or reserved to the Truer remed to buteeach and everylsuch tremedy shall exclusive of any oth Y even be cumulative eWdorhhereafter existing at law orhin equity or by hereunder or n statute. No delay or omission to exercise any right owe °W or shalllbe upon any default shall impair any such right or p , construed to be a waiver of any such default or acquiescence therein; and every such right or power may be exercised from time to time and as often as may be deemed expedient. Sec. 7.05. In case of an event of default hereunder and upon the filing of judicial proceedings to enforce the rights of the Trustee and of the Bondholders hereunde ointment of ea receiver entitled, as a matter of right, to the app of the rents, revenues, issues, earnings, income and proceeds thereof pending such proceedings, with such powers as the court making such appointment shall confer. Sec. 7.06. All rights of action under this Agreement or under any of the Bonds, including the right to f oreother similar claim in any receivership, insolvency, bankruptcy, proceedings for the entire amount due and payable by the Authority under this Agreement, may be enforced byroduction tthereofoin any possession of any of the Bonds or the p and any suit or trial or other proceeding relating thereto, proceeding instian t e bo ery shall be for the qua 1 benefit ofnthe as Trustee, and y holders of the outstanding Bonds. Sec. 7.07. It is hereby declared and agreed, as a condition upon which each successive holder of all or any such Bonds receives and holds the same, that no holder or holders of any such Bond shall have the right to institute any proceeding at law or in equity, or for the appointment of a receiver, or (except for filing of claims with the Treasurer of the State of Indiana) for any other remedy under this Agreement, without first giving notice in writing to the Trustee of the occurrence and continuance of an event of default as aforesaid, and unless the holders of at least twenty-five percent (250) in principal amount of the then outstanding Bonds shall have made written request to the Trustee and shall have offered it reasonable opportunity either to proceed to exercise the powers hereinbefore granted or to institute such action, suit or P ustee ade uate secur ty andn demnity aga~nst the offered to the T q • -34-