Agenda - Council - 07/12/2022 - Laserfiche WebLink

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thereby coming due and the interest accrued to the date of payment shall, without further action, become and be immediately due and payable, anything in this Indenture or in the Bonds to the contrary notwithstanding. Upon any declaration of acceleration hereunder, the Issuer and the Trustee shall immediately declare an amount equal to all amounts then due and payable on the Bonds to be immediately due and payable as Loan Repayments under Section 4.2(a) of the Loan Agreement. (ii) Suit for Judgment on the Bonds. The Trustee shall be entitled to sue for and recover judgment, either before or after or during the pendency of any proceedings for the enforcement of the lien of this Indenture, for the enforcement of any rights, or the rights of the Bondholders,but any such judgment against the Issuer shall be enforceable only against the Trust Estate. No recovery of any judgment by the Trustee shall in any manner or to any extent affect the lien of this Indenture or any rights, powers or remedies of the Trustee hereunder, or any lien,rights,powers or remedies of the Bondholders,but such lien,rights, powers and remedies of the Trustee and of the Bondholders shall continue unimpaired as before. (iii) Protection of the Bondholders'Interests. Upon the occurrence of an Event of Default, the Trustee may pursue any available remedy at law or in equity to enforce the payment of the principal of, premium, if any, and interest on the Outstanding Bonds and the provisions hereof and of the Loan Agreement or other Security Documents. (b) If an Event of Default shall have occurred and be continuing and, if requested to do so by the Majority Bondholder(s), and if indemnified as provided in Section 9.1(1) of this Indenture, the Trustee shall be obligated to exercise such one or more of the rights and powers conferred by this Section or by the Mortgage, the Lease, or the Loan Agreement, as the Trustee, being advised by counsel, shall deem most expedient in the interests of the Bondholders. No remedy or rights by the terms of this Indenture conferred upon or reserved to the Trustee (or to the Bondholders) are intended to be exclusive of any other remedy or right, but each and every such remedy shall be cumulative and shall be in addition to any other remedy given to the Trustee or to the Bondholders hereunder or now or hereafter existing at law or in equity. No delay or omission to exercise any right or power accruing upon any Event of Default shall impair any such right or power or shall be construed to be a waiver of any such Event of Default or acquiescence therein; such right or power may be exercised from time to time as often as may be deemed expedient. No waiver of any Event of Default hereunder, whether by the Trustee or by the Bondholders, shall extend to or shall affect any subsequent Event of Default or shall impair any rights or remedies consequent thereon. SECTION 8.3. Trustee May Enforce Rights Without Bonds. All rights of action and claims under this Indenture or any of the Bonds Outstanding may be enforced by the Trustee without the possession of any of the Bonds or the production thereof in any trial or proceedings relative thereto; and any suit or proceeding instituted by the Trustee shall be brought in its name as Trustee, without the necessity of joining as plaintiffs or defendants any Bondholders. SECTION 8.4. Ri2ht of Bondholders to Direct Proceedings. Anything in this Indenture to the contrary notwithstanding, the Majority Bondholder(s) shall have the right, at any time, to the extent permitted by law, by an instrument or instruments in writing executed and 56 735810810