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2A4 8I _. c~(1a05P.:~ right to exercise such powers or right of action, as the case may be, shall have accrued, and shall have afforded the Trustee a reasonable opportunity either to proceed to exercise ~.; powers hereinabove granted or to institute such action, suit or proceeding in its or their name; and (iii) there shall have been offered to the Trustee reasonable security and indemnity against the costs, expenses and liabilities to be incurred therein ar thereby, and the Trustee shall nave refused or neglected to comply with such request within a reasonable time; such notification, request and offer of indemnity are hereby declared in every such case, at the option of the Trustee, to be conditions precedent to the execu*.ion of the powers and trusts of this Indenture or to any other remedy hereunder; provided, however, that notwithstanding the foregoing provis_~us of this Section, and without complying therewith, the holders of not less than sixty-six and two-thirds percent (66 2/3%) in aggregate principal amount of the Bonds then outstanding may institute any suit, action or proceeding in their own names for the benefit of all holders of Bonds hereunder. It is understood and intended that, except as otherwise above provided, no one or more holders u.f the Bonds hereby secured shall have any right in any manner whatever by his or their action to affect, disturb or prejudice the security of this Indenture, or to enforce any right hereunder except in the manner herein provided, that all proceedings at law or in. equity shall be instituted, had and maintained in the manner herein provided and for the benefit of all holders of such outstanding Bonds, and that any individual rights of action or other right given to one or more of such holders by law are restricted by this Indenture to the rights and remedies herein provided. Section 808. Action by Trustee Without Possession of Bonds. All rights o~ on under this Indenture or under any of the Bonds secured hereby, enforceable by the Trustee, may be enforced by it without the possession of any of the Bonds or the production thereof at any trial or other proceeding relative thereto, and any such suit, action or proceeding instituted by the Trustee shall be brought in its name for the benefit of all of the holders of such Bonds and coupons, subject to the provisions of this Indenture. t~~ror= the occurrence of an event of default, and upon the- filing of a suit ar other commerieement of judicial proceedings to enforce the rights of the Trustee and of the Bondholders under this Indenture, the Trustee shall be entitled to the appointment of a receiver or receivers of the Project and the Revenue and other income of the Project with such powers as the court making such appointments shall confer. Section 809. No Reined Exclusive. No remedy herein conferred ugan or reserved to t e Trustee or to the holders of the Bonds is intended to be exclusive of any other remedy 62