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<br />-34- <br />SECTION 7.09. No Waiver of Default. No delay or omission of the Trustee or any <br />Owner of the Bonds to exercise any right or power arising upon the occurrence of any default or <br />Event of Default shall impair any such right or power or shall be construed to be a waiver of any <br />such default or Event of Default or an acquiescence therein; and every power and remedy given <br />by this Indenture to the Trustee or to the Owners of the Bonds may be exercised from time to <br />time and as often as may be deemed expedient by the Trustee or the Bond Owners. <br /> <br /> <br /> <br />Page 50 of 205