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<br />28 <br />(c) No remedy by the terms of this Indenture conferred upon or reserved to the <br />Trustee (or to the Bondholders) is intended to be exclusive of any other <br />remedy, but each and every such remedy shall be cumulative and shall be <br />in addition to any other remedy given to the Trustee or to the Bondholders <br />hereunder or now or hereafter existing at law or in equity or by statute. <br />(d) No delay or omission to exercise any right or power accruing upon any <br />event of default shall impair any such right or power or shall be construed <br />to be a waiver of any event of default or acquiescence therein, and every <br />such right and power may be exercised from time to time as may be deemed <br />expedient. <br />(e) No waiver of any event of default hereunder, whether by the Trustee or by <br />the Bondholders, shall extend to or shall affect any subsequent event of <br />default or shall impair any rights or remedies consequent thereon. <br />Section 7.4. Right of Bondholders to Direct Proceedings. The Requisite <br />Bondholders shall have the right, at any time, by an instrument or instruments in writing executed <br />and delivered to the Trustee, to direct the time, the method and place of conducting all proceedings <br />to be taken in connection with the enforcement of the terms and conditions of this Indenture, or <br />for the appointment of a receiver or any other proceedings hereunder; provided, that such direction <br />shall not be otherwise than in accordance with the provisions of law and of this Indenture. <br />Section 7.5. Application of Moneys. <br />Notwithstanding anything herein to the contrary, all moneys received by the <br />Trustee pursuant to any right given or action taken under the provisions of this Article and any <br />other moneys held as part of the Trust Estate shall, after payment of the cost and expenses of the <br />proceedings resulting in the collection of such moneys and of the outstanding fees, expenses, <br />liabilities and advances incurred or made by the Trustee or the Issuer, and the creation of a <br />reasonable reserve for anticipated fees, costs and expenses, be deposited in the Bond Fund and all <br />moneys in the Bond Fund shall be applied as follows: <br />(1) Unless the principal of all the Bonds shall have become or shall have been declared <br />due and payable, all such moneys shall be applied: <br /> First: To the payment to the persons entitled thereto of all installments of interest <br />then due on the Bonds, in the order of the maturity of the installments of such interest, and <br />if the amount available shall not be sufficient to pay in full any particular installment, then <br />to the payment ratably, according to the amounts due on such installment, to the persons <br />entitled thereto, without any discriminations or privilege; <br /> Second: To the payment to the persons entitled thereto of the unpaid principal of <br />and premium, if any, of the Bonds which shall have become due (other than Bonds called <br />for redemption for the payment of which moneys are held pursuant to the provisions of this <br />Indenture), in the order of their due dates, with interest on such Bonds from the respective <br />dates upon which they become due, and if the amount available shall not be sufficient to <br />pay in full Bonds due on any particular date, together with such interest, then to the <br />payment ratably, according to the amount of principal due on such date, to the persons <br />entitled thereto without any discrimination or privilege; and