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every power and remedy conferred upon the Owners and the Trustee by the Law or by this <br />Article VIII may be enforced and exercised from time to time and as often as shall be deemed <br />expedient by the Owners and the Trustee. <br />If a suit, action or proceeding to enforce any right or exercise any remedy shall be <br />abandoned or determined adversely to the Owners or the Trustee, the Agency, the Trustee and <br />the Owners shall be restored to their former positions, rights and remedies as if such suit, <br />action or proceeding had not been brought or taken. <br />Section 8.06. Actions by Trustee as Attorney-in-Fact. Any suit, action or proceeding <br />which any Owner shall have the right to bring to enforce any right or remedy hereunder may be <br />brought by the Trustee for the equal benefit and protection of all Owners similarly situated and <br />the Trustee is hereby appointed (and the successive respective Owners by taking and holding <br />the Bonds or Parity Debt shall be conclusively deemed so to have appointed it) the true and <br />lawful attorney-in-fact of the respective Owners for the purpose of bringing any such suit, action <br />or proceeding and to do and perform any and all acts and things for and on behalf of the <br />respective Owners as a class or classes, as may be necessary or advisable in the opinion of <br />the Trustee as such attorney-in-fact, provided, however, the Trustee shall have no duty or <br />obligation to exercise any such right or remedy unless it has been indemnified to its satisfaction <br />from any loss, liability or expense (including fees and expenses of its outside counsel and the <br />allocated costs and disbursements of its in-house counsel to the extent such services are not <br />redundant with those provided by outside counsel). <br />Section 8.07. Remedies Not Exclusive. No remedy herein conferred upon or reserved <br />to the Owners is intended to be exclusive of any other remedy. Every such remedy shall be <br />cumulative and shall be in addition to every other remedy given hereunder or now or hereafter <br />existing, at law or in equity or by statute or otherwise, and may be exercised without exhausting <br />and without regard to any other remedy conferred by the Law or any other law. <br />Section 8.08. Determination of Percentage of Bond Owners. Whenever in this <br />Indenture the consent, direction or other action is required or permitted to be given or taken by <br />a percentage of the Owners of an aggregate principal amount of Outstanding Bonds (including <br />by the Owners of a majority in aggregate principal amount of the Outstanding Bonds), such <br />percentage shall be calculated on the basis of the principal amount of the Outstanding Bonds <br />determined as of the next succeeding Interest Payment Date. <br />42 <br />