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12316306v3 <br />-42- <br />No delay or omission to exercise any right or power accruing upon any Default or Event <br />of Default shall impair any such right or power or shall be construed to be a waiver of any such <br />Default or Event of Default or acquiescence therein, and every such right and power may be <br />exercised from time to time and as often as may be deemed expedient. <br />No waiver of any Default or Event of Default hereunder, whether by the Trustee or by the <br />Bondholders, shall extend to or shall affect any subsequent Default or Event of Default or shall <br />impair any rights or remedies consequent thereon. <br />Section 7.11 Restoration of Rights Upon Discontinuance of Proceedings. In case the <br />Trustee or Bondholders shall have proceeded to enforce any right under this Indenture and such <br />proceedings shall have been discontinued or abandoned for any reason, or shall have been <br />determined adversely to the Trustee or Bondholders, then and in every such case the Issuer, the <br />Borrower, the Trustee and the Bondholders shall be restored to their former positions and rights <br />hereunder with respect to the Trust Estate, and all rights, remedies and powers of the Trustee or <br />Bondholders shall continue as if no such proceedings had been taken. <br />[The balance of this page is intentionally left blank.]