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Whenever the Trustee shall apply such funds, it shall fix the date (which shall be an interest <br /> payment date unless it shall deem another date more suitable) upon which such application is to <br /> be made and upon such date interest on the amounts of principal to be paid on such dates shall <br /> cease to accrue. The Trustee shall give such notice as it may deem appropriate of the deposit <br /> with it of any such moneys and of the fixing of any such date and shall not be required to make <br /> payment to the holder of any Bond until such Bond shall be presented to the Trustee for <br /> appropriate endorsement or for cancellation if fully paid. <br /> (c) Whenever all principal of and interest on all Bonds have been paid under the <br /> provisions of this Section and all expenses and charges of the Trustee have been paid, any <br /> balance remaining in the Bond Fund shall be paid as provided in Article IV hereof. <br /> Section 7.5 Remedies Vested In Trustee. All rights of action (including the right to <br /> file proof of claims) under this Indenture or under any of the Bonds may be enforced by the <br /> Trustee without the possession of any of the Bonds or the production thereof in any trial or other <br /> proceedings relating thereto, and any such suit or proceeding instituted by the Trustee shall be <br /> brought in its name as Trustee without the necessity of joining as plaintiffs or defendants any <br /> holders of the Bonds, and any recovery of judgment shall, subject to the provisions of Section <br /> 7.4 hereof, be for the equal benefit of the holders of the outstanding Bonds. <br /> Section 7.6 Rights and Remedies of Bondholders. No holder of any Bond shall have <br /> any right to institute any suit, action or proceeding in equity or at law for the enforcement of this <br /> Indenture or for the execution of any trust thereof or for the appointment of a receiver or any <br /> other remedy hereunder, unless a default has occurred of which the Trustee has been notified as <br /> provided in subsection (g) of Section 8.1, nor unless also such default shall have become an <br /> event of default and the Requisite Bondholders shall have made written request to the Trustee <br /> and shall have offered reasonable opportunity either to proceed to exercise the powers <br /> hereinbefore granted or to institute such action, suit or proceeding in its own name, nor unless <br /> also they have offered to the Trustee indemnity as provided in Section 8.1 hereof, nor unless the <br /> Trustee shall thereafter fail or refuse to exercise the powers hereinbefore granted, or to institute <br /> such action, suit or proceeding in its, his, or their own name or names. Such notification, request <br /> and offer of indemnity are hereby declared in every case at the option of the Trustee to be <br /> conditions precedent to the execution of the powers and trusts of this Indenture, and to any action <br /> or cause of action for the enforcement of this Indenture, or for the appointment of a receiver or <br /> for any other remedy hereunder, it being understood and intended that no one or more holders of <br /> the Bonds shall have any right in any manner whatsoever to affect, disturb or prejudice the lien <br /> of this Indenture by its, his or their action or to enforce any right hereunder except in the manner <br /> herein provided, and that all proceedings at law or in equity shall be instituted, had and <br /> maintained in the manner herein provided and for the equal benefit of the holders of all Bonds <br /> then outstanding. Nothing in this Indenture contained shall, however, affect or impair the right of <br /> any Bondholder to enforce the covenants of the Issuer to pay the principal of and interest on each <br /> of the Bonds issued hereunder to the respective holders thereof at the time, place, from the <br /> source and in the manner in said Bonds expressed. <br /> Section 7.7 Termination of Proceedings. In case the Trustee shall have proceeded to <br /> enforce any right under this Indenture by the appointment of a receiver, or otherwise, and such <br /> proceedings shall have been discontinued or abandoned for any reason, or shall have been <br /> determined adversely, then and in every such case the Issuer and the Trustee shall be restored to <br /> 33 <br />