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Trustee without the necessity of joining as plaintiffs or defendants any Registered Owners of the Bonds,
<br />and any recovery of judgment shall be for the equal and ratable benefit of the Registered Owners of the
<br />Outstanding Bonds.
<br />Section 9,09 Rights and Remedies of Registered Owners. Except as provided in Section 9.04
<br />above, no Registered Owner of any Bond shall have any right to institute any suit, action or proceeding at
<br />law or in equity for the enforcement of this Indenture or for the execution of any trust hereof or for the
<br />appointment of a receiver or any other remedy hereunder, unless a Default has occurred of which the
<br />Trustee has been notified as provided in Section 10.01(h) hereof, or of which by said subsection it is
<br />deemed to have notice, or unless there has been an Event of Default, and in any case the Registered
<br />Owners of a majority in aggregate principal amount of Outstanding Bonds shall have made written
<br />request to the Trustee and shall have offered it reasonable opportunity either to proceed to exercise the
<br />powers hereinbefore granted or to institute such action, suit or proceeding in their own name or names,
<br />nor unless also they have offered to the Trustee indemnity as provided in Section 10.01(1) hereof, nor
<br />unless the Trustee shall thereafter fail or refuse to exercise the powers hereinbefore granted, or to institute
<br />such action, suit or proceeding in its own name; and such notification, request and offer of indemnity are
<br />hereby declared in every case at the option of the Trustee to be conditions precedent to the execution of
<br />the powers and trusts of this Indenture, and to any action or cause of action for the enforcement of this
<br />Indenture, or for the appointment of a receiver or for any other remedy hereunder, it being understood and
<br />intended that no one or more Registered Owners of the Bonds shall have any right in any manner
<br />whatsoever to affect, disturb or prejudice the lien of this Indenture by its, his, her or thcir action or to
<br />enforce any right hereunder except in the manner herein provided., and that all proceedings at law or in
<br />equity shall be instituted, had and maintained in the manner herein provided and for the equal and ratable
<br />benefit of the Registered Owners of all Outstanding Bonds. However, nothing contained in this Indenture
<br />shall affect or impair the right of any Registered Owner to enforce the payment of the principal of,
<br />premium, if any, and interest on any Bond at and after the maturity thereof, or the obligation of the Issuer
<br />to pay the principal of, premium, if any, and interest on each of the Bonds issued hereunder to the
<br />respective Registered Owners thereof at the time, place, from the source and in the manner in the Bonds
<br />expressed.
<br />Section 9.10 Termination of Proceedings. In case the Trustee shall have proceeded to
<br />enforce any right under this Indenture by the appointment of a receiver or otherwise, and such
<br />proceedings shall have been discontinued or abandoned for any reason, or shall have been determined
<br />adversely to the Trustee, then and in every such case, the Issuer, the Trustee, the Company and the
<br />Registered Owners shall be restored to their former positions and rights hereunder, respectively, with
<br />regard to the property subject to this Indenture, and all rights, remedies and powers of the Trustee shall
<br />continue as if no such proceedings had been taken.
<br />Section 9.11 Waivers of Events of Default. The Trustee may at its discretion waive any Event
<br />of Default hereunder and its consequences and rescind any declaration of acceleration of principal, and,
<br />notwithstanding anything to the contrary in Section 9.03 hereof, shall do so upon the written request of
<br />the Registered Owners of more than 66-2/3% in aggregate principal amount of all Outstanding Bonds;
<br />provided, however, that there shall not be waived any Event of Default in the payment of the principal of
<br />or interest on any Outstanding Bonds unless prior to such waiver or rescission, all arrears of principal and
<br />interest (other than principal of or interest on the Bonds which became due and payable by declaration of
<br />acceleration), both, to the extent permitted by law, and all expenses of the Trustee in connection with such
<br />Event of Default shall have been paid or provided for. In case of any such waiver or rescission, or in case
<br />any proceeding taken by the Trustee on account of any such Default shall have been discontinued or
<br />abandoned or determined adversely to the Trustee, then and in every such case the Issuer, the Trustee, the
<br />Company, and the Registered Owners shall be restored to their former positions and rights hereunder,
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