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<br />. <br /> <br />. <br /> <br />. <br /> <br />C. Non-Waiver. Nothing in this Section or in any <br />other provisions of this Resolution, or in the Bonds, shall <br />affect or impair the obligation of the Agency, which is <br />absolute and unconditional, to pay the principal of and <br />interest on the Bonds to the respective Owners of the Bonds at <br />the respective dates of maturity from Pledged Tax Revenues, as <br />herein provided, or affect or impair the right, which is also <br />absolute and unconditional, of the Owners to institute suit to <br />enforce the payment by virtue of the contract embodied in the <br />Bonds. <br /> <br />No remedy conferred upon any Bondholder by the <br />Resolution is intended to be exclusive of any other remedy, but <br />each remedy is cumulative and in addition to every other remedy <br />and may be exercised without exhausting and without regard to <br />any other remedy conferred by the Law or any other law of the <br />State of California. No waiver of any default or breach of any <br />duty or contract by any Bondholder shall affect any subsequent <br />default or breach of any duty or contract or shall impair any <br />rights or remedies on the subsequent default or breach. No <br />delay or omission of any Bondholder to exercise any right or <br />power accruing upon any default shall impair any such right or <br />power or shall be construed as a waiver of any default or <br />acquiescence therein. Every substantive right and every remedy <br />conferred upon the Bondholders may be enforced and exercised as <br />often as may be deemed expedient. In case any suit, action or <br />proceeding to enforce any right, or exercise any remedy, shall <br />be brought and should said suit, action or proceeding be <br />abandoned, or be determined adversely to the Bondholders, then, <br />and in every such case, the Agency and the Bondholders shall be <br />restored to their former positions, rights and remedies as if <br />the suit, action or proceeding had not been brought or taken. <br /> <br />D. Actions by Fiscal Agent as Attorney-in-Fact. Any <br />suit, action or proceeding which any Owner of Bonds shall have <br />the right to bring to enforce any right or remedy hereunder may <br />be brought by the Fiscal Agent for the equal benefit and <br />protection of all Owners of Bonds similarly situated and the <br />Fiscal Agent is hereby appointed (and the successive respective <br />registered owners of the Bonds issued hereunder, by taking and <br />holding the same, shall be conclusively deemed so to have <br />appointed it) the true and lawful attorney-in-fact of the <br />respective registered owners of the Bonds for the purpose of <br />bringing any suit, action or proceeding and to do and perform <br />any and all acts and things for and on behalf of the respective <br />registered owners of the Bonds as a class or classes, as may be <br />necessary or advisable in the opinion of the Fiscal Agent as <br />attorney-in-fact. <br /> <br />E. General. After the issuance and delivery of the <br />Bonds, this Resolution, and any supplemental resolutions <br />hereto, shall be irrepealable, but shall be subject to <br />modification or amendment to the extent and in the manner <br /> <br />11-30-84 <br />l282p/2281/04 <br /> <br />-30- <br />