1. MIDA Bond-Oak Grove School
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1. MIDA Bond-Oak Grove School
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<br />construed to be a waiver thereof: but any such right and power may be exercised from time to time <br />and as often as may be deemed expedient. In order to entitle the Issuer to exercise any remedy <br />reserved to it in this Article 9, it shall not be necessary to give any notice, other than such notice as <br />may be herein expressly required. <br /> <br />SECTION 9.04. ATTOIll'.'EYS' FEES AND EXPENSES. In the event the Corporation should <br />default under any of the provisions of this Loan Agreement and the Lender or the Issuer should <br />employ attorneys or incur other expenses for the collection of Basic Payments or the enforcement <br />of performance of any obligati 0 J 1 or agreement on the part of the Corporation, the Corporation will <br />on demand pay to the Lender or the Issuer the reasonable fee of such attorneys and such other <br />expenses so incurred to the extent then permitted by State law. <br /> <br />SECTION 9.05. EFFECT OF WAIVER. In the event any agreement contained in this Loan <br />Agreement should be breached by either party and the breach is thereafter waived by the other party, <br />such waiver shall be limi ted to 1] Ie particular breach so waived and shall not be deemed to waive any <br />other breach hereunder. <br /> <br />SECTION 9.06. LENDIR'S EXERCISE OF THE ISSUER'S REMEDIES. Whenever any Event <br />of Default shall have happened and be subsisting, the Lender may, but except as otherwise provided <br />shall not be obliged to, exercise any or all ofthe rights ofthe Issuer under this Article 9, upon giving <br />the Corporation such notice as is required of the Issuer unless the Issuer has already given the <br />required notice. <br /> <br />(Renlilinder of this page intentionally left blank.) <br /> <br />9-3 <br />
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