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in the payment when due of the interest on any such Bonds unless • prior to such waiver or rescission all arrears of interest, with interest thereon (to the extent permitted by law) at the rate borne by the Bonds in respect of which such default shall have occurred on overdue installments of interest or all arrears of payments of principal when due, as the case may be, and all expenses of the Trustee, the Tender Agent and any Paying Agent in connection with such default shall have been paid or provided for, and if the Credit Facility is then in effect, such payment or provision for payment of principal and interest on Bonds bearing interest at a Weekly Rate or at an Adjustable Long Rate is made. ~J The provisions of the foregoing paragraph are further subject to the condition that any waiver by the Credit Facility Issuer of any event of default under the Credit Facility Agreement and a rescission and annulment of its consequences shall constitute a waiver of the corresponding Event of Default under subsection (c) of Section 902 hereof and a rescission and annulment of the consequences thereof without the consent of the owners of the Bonds. If notice of such event of default under the Credit Facility Agreement shall have been given as provided herein and if- the Trustee shall thereafter have received written notice from the Credit Facility Issuer that such event of default shall have been waived, the Trustee, if it has not already drawn on the Credit Facility in connection with such Event of Default, shall promptly give written notice of such waiver, rescission or annulment to the Authority, the Credit Facility Issuer, the Tender Agent and the Remarketing Agent, and shall give notice thereof by first class mail, postage prepaid, to all owners of outstanding Bonds. Anything herein to the contrary notwithstanding, there shall be no waiver of an Event of Default under subsection (c) of Section 902 hereof unless the Trustee shall have received written notice from the Credit Facility Issuer that the Credit Facility has been reinstated to an amount equal to the principal amount of all then outstanding Bonds bearing interest at a Weekly Rate or at an Adjustable Long Rate, plus the applicable Interest Component required by Section 406(h) hereof plus any amount relating to premium required by Section 406(h) hereof. In case of any such waiver or rescission or in case any proceeding taken by the Trustee on account of any such default shall have been discontinued or abandoned or determined adversely, then and in every such case the Authority, the Trustee, the Credit Facility Issuer and the Bondholders shall, subject to any determination in such proceeding, be restored to their former positions and rights hereunder respectively, but no such waiver or rescission shall extend to any subsequent or other default, or impair any right consequent thereon. Notwithstanding the foregoing, prior to the final Conversion Date with respect to all of the Bonds, no waiver, rescission or annulment of an Event of Default hereunder shall be 85