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on such date shall cease to accrue. The Trustee shall give such • notice as it may deem appropriate of the deposit with it of any such moneys and of the fixing of any such date and of the Special Record Date in accordance with Section 202 (f) hereof. The Trustee or the Tender Agent shall not be required to make payment to the holder of any unpaid Bond until such Bond shall be presented to the Trustee or the Tender Agent, as the case may be, for appropriate endorsement or for cancellation if fully paid. Whenever all Bonds. and interest thereon have been paid under the provisions of this Section 907 and all expenses and charges of the Trustee have been paid pursuant to Section 1002 hereof, any balance remaining shall be paid to the Credit Facility Issuer to the extent it is entitled to receive the same pursuant to the Credit Facility Indenture, as evidenced by a certificate of the Credit Facility Issuer filed with the Trustee; then the balance, if any, shall be paid to the Authority. Section 908. Remedies Vested in Trustee. All rights of action including the right to file proof of claims under this Indenture or under any of the Bonds may be enforced by the Trustee without the possession of any of the Bonds or the production thereof in any trial or other proceedings relating thereto and any such suit or proceeding instituted by the Trustee shall be brought in its name as Trustee without the necessity of joining as plaintiffs or defendants any owners of the Bonds, and any recovery • of judgment shall be for the equal benefit of the owners of the then outstanding Bonds, subject to the provisions of this Indenture. Section 909. Riahts and Remedies of Bondholders. No owner of any Bond shall have any right to institute any suit, action or proceeding in equity or at law for the enforcement of this Indenture or for the execution of any trust hereof or for the appointment of a receiver or any other remedy hereunder, unless a default shall have become an Event of Default and the owners of 25% in aggregate principal amount of Bonds then outstanding, with the consent of the Credit Facility Issuer shall have made written request to the Trustee and shall have offered the Trustee reasonable opportunity either to proceed to exercise the powers hereinbefore granted or to institute such action, suit or proceeding in its own name, and unless also such Bondholders have offered to the Trustee indemnity as provided in Section 1001(1) hereof, and unless the Trustee shall the"reafter fail or refuse to exercise the powers hereinbefore granted, or to institute such action, suit or proceeding in its own name; and such notification, request and offer of indemnity are hereby declared in every case at the option of the Trustee to be conditions precedent to the execution of the powers and trusts of this Indenture and to any action or cause of action for the enforcement of this Indenture, or for the appointment of a receiver or for any other remedy hereunder; it being understood and intended that no one or more • 83