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~ (ii) to the extent necessary, apply all moneys then on deposit in the Rebate Fund to ? the payment of any Rebate Amount shown in such final Rebate Report; and 3 ~ (iii) to the extent the moneys then on deposit in the Rebate Fund are insufficient to 5 pay in fiill the Rebate Amount shown in such final Rebate Report, apply, in accordance with 6 the priorities set forth in Section 603(4)(b) above, proceeds derived from any enforcement 7 action taken pursuant to Section 603(3) above to the payment of the balance of the Rebate 8 Amount shown in such final Rebate Report. ~ ~ o Whenever moneys are to be applied pursuant to this Section, such moneys shall be applied 11 at such times, and from time to time, as the Trustee shall determine, havinb due regard to the amount l2 of such moneys available for application, the likelihood of additional moneys becoming available ~ 3 for such application in the future and potential eYpenses relating to the eYercise of any remedy or ~~t right conferred on the Trustee by the Agreement. Whenever the Trustee shall apply such moneys. ~ 5 it shall fix the date upon which such application is to be made, and upon such date interest on the l b amounts of principal to be paid on such date shall cease to accrue. The Trustee shall give such ~ 7 notice as it may deem appropriate of the deposit with it of any such moneys and of the fixing of any I s such date, and (except as may be otherwise required with respect to Certificates subject to the Book- l9 Entry System)shall not be required to make payment to the holder of any Certificate until such 2o Certificate shall be presented to the Trustee for appropriate endorsement or for cancellation if fully ? 1 paid. ~~ ?~ Notwithstanding anything expressed or implied herein to the contrary, moneys received by~ 2~t the Tnistee from a draw or payment under any Credit Facility shall only be used and applied for the 2> purpose of paying amounts owing on the Certificates secured by such Credit Facility in accordance 26 with the terri--s of such Credit Facility, and not for the purpose of paying any other amounts. ~~ 28 No remedy by the terms of the Agreement conferred upon or reserved to the Trustee (or to ~~ the Owners) is intended to be exclusive of any other remedy, but each and every such remedy shall 3o be cumulative and shall be in addition to any other remedy given to the Trustee or to the Owners 3 ~ hereunder or now or hereafter existing by law. 3? 33 No delay or omission to exercise any right or power accruing upon any Default or Event of 3~t Default shall impair any such right or power or shall be construed to be a waiver of any such Default 35 or Event of Default or acquiescence therein; and every such right and power may be exercised from 36 time to time and as often as may be deemed expedient. 37 3g No waiver of any Default or Event of Default hereunder, whether by the Trustee or by the 3~ Owners, shall e~tend to or shall affect any subsequent Default or Event of Default or shall iinpair 4o any rights or remedies consequent thereon. 4I a? Upon the occurrence and during the continuance of an Event of Default, and upon the filing ~t3 of a suit or other commencement of judicial proceedings to enforce the rights of the Trustee and of FINANCING .AND TRI~ST AGREEMENT P,~~E 41