Board of Visitors minutes :: February 20, 1960 :: University of Virginia Library

remedies and benefits of and be subject to the provisions of Section 23-20 of Chapter 3 of
Title 23 of the Code of Virginia 1950, as amended, and any trustee appointed by the Holders
of the Bonds pursuant to said Section 23-20 shall have the powers prescribed by sub-paragraph
(d) of said Section 23-20

SECTION 6.02. No remedy herein conferred upon the Holders from time to time of the
Bonds is intended to be exclusive of any other remedy, but each such remedy is cumulative and
in addition to any other remedy and may be exercised without exhausting and without regard to
any other remedy conferred by law or by this Resolution.

No waiver of any default or breach of duty or contract by any Holder of the Bonds
shall extend to or affect any subsequent default or breach of duty or contract, or shall impair
any rights or remedies thereon. No delay or omission of any Holder of Bonds 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 of any such default or acquiescence therein. Every substantive right
and every remedy conferred upon the Holders of the Bonds may be enforced and exercised from
time to time and as often as may be deemed expedient. In case any suit, action or proceeding
to enforce any right or exercise any remedy shall be brought or taken and then discontinued
or abandoned, or shall be determined adversely to the Holders of the Bonds, then and in every
case the Board and such Holders of the Bonds shall be restored to their former positions and
rights and remedies as if no suit, action or proceeding had been brought or taken