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l therefor, at the respective dates of maturity and places therein expressed the principal of (acid <br />2 premium, if any) and interest on the Certificates to the respective Owners thereof or affect or impair <br />3 the right of action, which is also absolute and unconditional, of any Owner to enforce such payment <br />a of his Certificate. <br />5 <br />6 SECTION 60~. TERNIINATION OF PROCEEDINGS. In case the Trustee or the Owners shall <br />7 have proceeded to enforce any right under the Agreement and such proceedings shall have been <br />8 discontinued or abandoned for any reason, or shall have been determined adversely, then and in <br />9 every such case the County, the County and the Ow~ners shall be restored to their former positions <br />1 o and rights hereunder and all rights, remedies and powers of the Trustee shall continue as if no such <br />I 1 proceedings had been taken except as rnodified by such proceedings. <br />~2 <br />13 SECTION 606. W.4IVERS OF EVENTS OF DEFAULT. The Trustee may, in its discretion, <br />~~t waive any Event of Default hereunder and its consequences and rescind any declaration of maturity <br />15 of principal and, in case of any such waiver or rescission, the County, each Credit Provider and the <br />l6 Owners shall be restored to their former positions and rights hereunder respectively, but no such <br />I7 waiver or rescission shall extend to or affect any subsequent or other default, or impair any right <br />l8 consequent thereon. Neither the Trustee, any Credit Provider nor the Owners shall waive a default <br />l9 or an Event of Default hereunder which arises: <br />20 <br />3 i (1) under Section 601(a) unless all past due payments of principal and interest owing <br />22 with respect to the Certificates have been paid in full; or <br />~; <br />2~ (2) with respect to any Certificates secured by a Credit Facility without first obtaining <br />25 the prior written consent of the related Credit Provider. <br />26 ~ <br />~7 <br />~s ARTICLE VII <br />~~ SUPPLEMENTAL AGREEMENTS; <br />~o AMENDMENTS TO AGREEMENT <br />~i <br />32 SECTION 701. SUPPLEMENTAI. AGREEMENT5 AMENDMENTS TO AGREEIV1ENT NOT <br />33 REQUIRING CONSENT OF OWNERS. The County and the Trustee may, without the consent of or <br />3~t notice to any of the Owners but with the prior written consent of the Insurer, enter into a <br />35 Supplemental Agreement or an anlendment to the Agreement for any one or more of the following <br />36 purposes: <br />37 <br />38 (a) To cure any ambiguity or formal defect or omission in the Agreement or the <br />;9 Agreement; <br />ao <br />FINANCING AND TRUST AGREEMENT PAGE ~3 <br />