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I ~1 No remedy by the terms of the Agreement conferred upon or reserved to th Trustee (or to 2 the Owners) is intended to be exclusive of any other remedy, but each and every su h remedy shall 3 be cumulative and shall be in addition to any other remedy given to the Trustee o to the Owners 4 hereunder or now or hereafter existing by law. 5 6 No delay or omission to exercise any right or power accruing upon any Def ult or Event of 7 Default shall impair any such right or power or shall be construed to be a waiver of y such Default 8 or Event of Default or acquiescence therein; and every such right and power may be exercised from 9 time to time and as often as may be deemed expedient. l0 11 No waiver of any Default or Event of Default hereunder, whether by the T ustee or by the 12 Owners, shall extend to or shall affect any subsequent Default or Event of Default or hall impair any 13 rights or remedies consequent thereon. 14 15 Upon the occurrence and during the continuance of an Event of Default, an upon the filing 16 of a suit or other commencement of judicial proceedings to enforce the rights of th Trustee and of 17 the Owners, the Trustee shall be entitled, as a matter of right, to the appointment of receiver for the 18 Security, together with such other powers as the court making such appointments hall confer. 19 2p SECTION 604. RIGHT OF CERTIFICATE OWNERS TO DIRECT PROCEE INGS. T h e 21 Owners of not less than 25 percent in aggregate principal amount of Certificates t en Outstanding 22 shall have the right, at any time, by an instrument or instruments in writing execut d and delivered ~3 to the Trustee, to direct the method and place of conducting all proceedings to be tak n in connection 24 with the enforcement of the terms and conditions of the Agreement or for the a pointment of a 2s receiver or any other proceedings hereunder; provided, however, that 26 27 (1) such direction shall not be otherwise than in accordance with e provisions of 2g law; 29 30 (2) the Trustee shall have the power to decline any such direction i in the judgment 31 of the Trustee such direction is to the detriment of any Owners not joining i such direction; 32 and 33 34 (3) if the Trustee receives conflicting directions from two or more g oups of Owners 35 where each such group owns not less than 25 percent in aggregate pri cipal amount of 36 Certificates then Outstanding, the Trustee shall follow the directions that ar provided by that 3~ group of Owners holding the largest aggregate principal amount of ertificates then 3 g Outstanding. 39 40 No Owner of any Certificate shall have any right to institute any suit, acti n or proceeding 41 at law or in equity for the enforcement of any provision of this Agreement or the execution of any 42 trust under this Agreement or for any remedy under this Agreement, unless such wner shall have 43 previously given to the Trustee written notice of the happening of a Event of De ault, as provided ~ PAGE 41 FINANCING AND TRUST AGREEMENT