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Limitation on Remedies <br /> Notwithstanding the foregoing, neither the Authority nor the Trustee shall exercise any <br /> remedies against its Leased Premises to the extent such remedies would generate funds which are <br /> subject to such lien and which are not available to satisfy the obligations of its Lease Agreement or the <br /> Indenture. <br /> No Remedy Exclusive <br /> No remedy conferred in its Lease Agreement upon or reserved to the Authority is intended to <br /> be exclusive and every such remedy shall be cumulative and shall, except as expressly provided in its <br /> Lease Agreement to the contrary, be in addition to every other remedy given under its Lease <br /> Agreement or now or hereafter existing at law or in equity.No delay or omission to exercise any right <br /> or power accruing upon any default shall impair any such right or power or shall be construed to be a <br /> waiver thereof,but any such right and power may be exercised from time to time and as often as may <br /> be deemed expedient.In order to entitle the Authority to exercise any remedy reserved to it in its Lease <br /> Agreement it shall not be necessary to give any notice, other than such notice as may be required in its <br /> Lease Agreement or by law. <br /> Provisions Relating to the Municipal Bond Insurance Policy and the Municipal Bond Insurer <br /> Notwithstanding any other provision of the Indenture,in determining whether the rights of the <br /> Owners will be adversely affected by any action taken pursuant to the terms and provisions of the <br /> Indenture, the Trustee shall consider the effect on the Owners as if there was no Municipal Bond <br /> Insurance Policy. Any provision of the Indenture expressly recognizing or granting rights in or to the <br /> Municipal Bond Insurer may not be amended in any manner which affects the rights of the Municipal <br /> Bond Insurer thereunder without the prior written consent of the Municipal Bond Insurer. <br /> The Municipal Bond Insurer's consent shall be required in addition to Owner consent, when <br /> required, for the following purposes: (i) execution and delivery of any amendment, supplement or <br /> change to or modification of the Indenture or any Lease Agreement, (ii) removal of the Trustee and <br /> selection and appointment of any successor trustee; and (iii) initiation or approval of any action not <br /> described in(i) or(ii)off this paragraph which requires Owner consent.Anything in the Indenture to the <br /> contrary notwithstanding, upon the occurrence and continuance of an Event of Default, the Municipal <br /> Bond Insurer shall, after payment of principal and interest then due, if any, be entitled to control and <br /> direct the enforcement of all rights and remedies granted to the Owners or the Trustee for the benefit of <br /> the Owners under the Indenture and the Municipal Bond Insurer shall also be entitled to approve all <br /> waivers of Events of Default. <br /> In the event that the principal and/or interest due with respect to the Bonds shall be paid by the <br /> Municipal Bond Insurer pursuant to the Municipal Bond Insurance Policy, the Bonds shall remain <br /> Outstanding for all purposes,not be defeased or otherwise satisfied and not be considered paid,and the <br /> assignment and pledge of the trust created under the Indenture and all covenants, agreements and <br /> other obligations of the Authority to the Bond Owners shall continue to exist and shall run to the benefit <br /> of the Municipal Bond Insurer,and the Municipal Bond Insurer shall be subrogated to the rights of such <br /> Bond Owners. <br /> Appendix A <br /> Page 25 <br />