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payable, and such principal and interest shall thereupon become and be immediately due and payable, anything in this Indenture or the Bonds to the contrary notwithstanding: subjec~, however, to the discretionary right of the Trustee and, upon written notice to the Trustee by the holders of a majority in aggregate prin- cipal amount of the Outstanding nonds, the duty of the 1'rustee to annL1l such declaration and destroy its effect at any time before tfie Project shall have been sold pursuant to any provisions of this Indenture, if all covenants with respect to which default shall have been made, shall be full ; performed, and all arrears of interest upon all Bonds Outstanding hereunder and the reaso- nable expenses and charges of the Trustee, its agents and attorneys, and all other payments requ ired by this Indenture (except the principal of any Bonds not then due by their terms) shall be paid, or the amount thereof shall be paid to the Trustee for the benefit of those entitled thereto. (b) The Trustee may proceed to protect and enforce its rights and the rights of the holders of the Donds hereunder and un<ler the Oonds, by a suit or suits, whether for the specific performance of any covenant or agreement herein contained or in execution or 3id of any power granted herein or for the enforce- ment of any other proper, legal or equitable remedy, as the Trustee, being advised by counsel, shall deem most effectual to protect and enforce its rights and the rights of the holders of the Bonds. (c) The Trustee shall be entitled upon or .'lt any time after the commencement of any proceedings instituted in the Event of Default, as a matter of strict right, as against the Borrower and the Issuer, without notice or demand and without regard to the adequacy of the security for the Bonds or the solvency of the Borrower or the Issuer, upon the order of any court of competent jurisdiction, to the appointment of a receiver of the Project and of the rent, revenues and income from the Project, with power to lease the Project. Any such receiver shall, except as herein otherwise provided, have all the usual powers and duties of receivers in similar cases, with full power upon the order of such court to lease the Project, or any part thereof, upon any terms approved by the court, but notwithstanding the appointment of any receiv~r, the Trustee shall be entitle<l to retain possession and control of, ancJ to collect and receive the income from, cash, securities and other personal property hel<'l by, or re4uired to be deposited or pledged with, tlw Trustee hereunder. (cJ) The 'l'rustee may, in its discretion, with or without declaring the □onds or the Note due anJ payable, entor upon anJ take possQssion of the Projoct anJ lease, sublease or as~ign any -52-