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~1 2 3 4 5 6 7 8 9 l0 11 12 13 14 15 Nothing in this Agreement or in the Certificates shall affect or impair the bligation of the 16 County, which is absolute and unconditional, to pay, but solely and only from the ecurity pledged 17 therefor, at the respective dates of maturity and places therein expressed the rincipal of (and 18 premium, if any) and interest on the Certificates to the respective Owners thereof o affect or impair 19 the right of action, which is also absolute and unconditional, of any Owner to enfor e such payment 20 of his Certificate. 21 22 SECTION 605. TERMINATION OF PROCEEDINGS. In case the Trustee or ~he Owners shall in this Article, and the Owners of at least 25% in principal amount of the ertificates then Outstanding shall have filed a written request with the Trustee, and shall have offe ed it reasonable opportunity, either to exercise the powers granted in this Agreement or by the Act r by the laws of the State or to institute such action, suit or proceeding in its own name, and unless s ch Owners shall have offered to the Trustee adequate security and indemnity against the costs, expen es and liabilities to be incurred therein or thereby, and the Trustee shall have refused to comply with such request for a period of sixty (60) days after receipt by it of such notice, request and offer of in emnity, it being understood and intended that no one or more Owners of Certificates shall have ny right in any manner whatever by his or their action to affect, disturb or prejudice the pledg created by this Agreement, or to enforce any right under this Agreement, except in the manner her in provided; and that all proceedings at law or in equity to enforce any provision of this Agreement s all be instituted, had and maintained in the manner provided in this Agreement and for the equ 1 benefit of all Owners of the Outstanding Certificates. ~t3 have proceeded to enforce any right under the Agreement and such proceeding shall have been 24 discontinued or abandoned for any reason, or shall have been determined adversely, en and in every 25 such case the County, the County and the Owners shall be restored to their fo er positions and 26 rights hereunder and all rights, remedies and powers of the Trustee shall conti ue as if no such 27 proceedings had been taken except as modified by such proceedings. I 28 29 SECTION 606. WAIVERS OF EVENTS OF DEFAULT. The Trustee may, in its discretion, 3o waive any Event of Default hereunder and its consequences and rescind any decl tion of maturity 31 of principal and, in case of any such waiver or rescission, the County, each Credit Provider and the 32 Owners shall be restored to their former positions and rights hereunder respecti ely, but no such 33 waiver or rescission shall extend to or affect any subsequent or other default, or impair any right 34 consequent thereon. Neither the Trustee, any Credit Provider nor the Owners sha 1 waive a default 35 or an Event of Default hereunder which arises: 36 37 38 39 40 41 42 43 (1) under Section 601(a) unless all past due payments of principal with respect to the Certificates have been paid in full; or (2) with respect to any Certificates secured by a Credit Facility wi the prior written consent of the related Credit Provider. interest owing ~ first obtaining FINANCING AND TRUST AGREEMENT PAGE 4Z