BICEP 2-1988 - Laserfiche WebLink

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1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 expulsion to the Participant; no such expulsion shall be effected either by operation of law or acts of the parties hereto, except only in the manner herein expressly provided; and no such expulsion shall terminate the obligation of the expelled Participant to pay Pure Premium Adjustment relating to Coverage Periods prior to such expulsion. SECTION 10.3 No Remedy Exclusive. No remedy conferred herein upon or reserved to the Authority is intended to be exclusive and every such remedy shall be cumulative and shall be in addition to every other remedy given under this Agreement or now or hereafter existing at law or in equity, including, but not limited to the right of any Owner by mandamus or other suit or proceeding at law or in equity to enforce his rights against the Participant and to compel the Participant to perform and carry out its duties under this Agreement, subject to Section 13.08-of the Indenture. No delay or omission to exercise any right or power accruing upon any default shall impair any such right or power or shall be construed to be a waiver thereof, but any such right and power may be exercised from time to time and as often as may be deemed expedient. In order to entitle the Authority to exercise any remedy reserved to it in this Article it shall not be necessary to give any notice, other than such notice as may be required in this Article or by law. SECTION 10.4 Aqreement to Pay Attorneys' Fees and Expenses. In the event any party to this Agreement should default under any of the provisions hereof and the nondefaulting parties should employ attorneys or incur other expenses for the collection of moneys or the enforcement of performance or observance of any obligation or agreement on the part of the defaulting party contained her.ein, the defaulting party agrees that it will on demand therefor pay to the nondefaulting parties the reasonable fees of such attorneys and such other expenses so incurred by the nondefaulting parties awarded to the nondefaulting parties by a court of competent jurisdiction. SECTION 10.5 No Additional Waiver Implied by One Waiver. In the event any agreement contained in this Agreement should be breached by any party and thereafter waived by the other parties, such waiver shall be limited to the particular breach so waived and shall not b~ a waiver of any other breach hereunder. SECTION 10.6 Trustee and Owners to Exercise Riqhts. Certain of the rights and remedies given to the Authority under~ this Article X have been assigned by the Authority to the 40 2658002/2