Default and Limitations of Liability. Section 7.01. Action on Default 38 Section 7.02. Other Remedies of the Trustee 39 Section 7.03. Non-Waiver 39 Section 7.04. Remedies Not Exclusive 39 Section 7.05. No Liability by the Authority to the Owners 39 Section 7.06. No Liability by the City to the Owners 40 Section 7.07. No Liability of the Trustee to the Owners 40 Section 7.08. Application of Amounts After Default 40 Section 7.09. Trustee May Enforce Claims Without Possession of Bonds 40 Section 7.10. Limitation on Suits 41
Default and Limitations of Liability. Section 7.01 Events of Default 53 Section 7.02 Remedies Upon Event of Default 53 Section 7.03 Application of Revenues and Other Funds After Default 54 Section 7.04 Trustee to Represent Bond Owners 55 Section 7.05 Bond Owners’ Direction of Proceedings 56 Section 7.06 Limitation on Bond Owners’ Right to Xxx 56 Section 7.07 Absolute Obligation of Authority 57 Section 7.08 Termination of Proceedings 57 Section 7.09 Remedies Not Exclusive 57 Section 7.10 No Waiver of Default 57 Section 7.11 Remedial Proceedings 57 ARTICLE VIII THE TRUSTEE Section 8.01 Employment and Duties of the Trustee 57 Section 8.02 Removal and Resignation of the Trustee 58 Section 8.03 Compensation and Indemnification of the Trustee 58 Section 8.04 Protection of the Trustee 59 TABLE OF CONTENTS Page ARTICLE IX AMENDMENT OF OR SUPPLEMENT TO THE INDENTURE Section 9.01 Amendment or Supplement by Consent of Owners 61 Section 9.02 Disqualified Bonds 62 Section 9.03 Endorsement or Replacement of Bonds After Amendment or Supplement 62 Section 9.04 Amendment or Supplement by Mutual Consent 62 ARTICLE X DEFEASANCE Section 10.01 Discharge of Bonds and Indenture 62 Section 10.02 Unclaimed Money 65
Default and Limitations of Liability. Section 7.01 Events of Default 27 Section 7.02 Action on Default 28 Section 7.03 Other Remedies of the Trustee 29 Section 7.04 Non-Waiver 29 Section 7.05 Remedies Not Exclusive 29 Section 7.06 No Liability by the Authority to the Owners 30 Section 7.07 No Liability by the City to the Owners 30 Section 7.08 No Liability of the Trustee to the Owners 30 Section 7.09 Application of Amounts After Default 30 Section 7.10 Trustee May Enforce Claims Without Possession of Bonds 31 Section 7.11 Required Bond Owners’ Direction of Proceedings. 31 Section 7.12 Limitation on Owner Suits 31 ARTICLE VIII THE TRUSTEE Section 8.01 Employment of the Trustee 31 Section 8.02 Duties, Removal and Resignation of the Trustee 32 Section 8.03 Compensation of the Trustee 33 Section 8.04 Protection of the Trustee 33 ARTICLE IX MODIFICATION OR AMENDMENTS
Default and Limitations of Liability
