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rights and the rights given the Trustee under this Article V, the <br /> Trustee shall take such action, as in the judgment of the Trustee, <br /> applying the standard described in Section 6. 05 hereof, would best <br /> serve the interests of the Owners. <br /> Section 5. 03 . Legal Proceedings by Trustee. If any Event <br /> of Default has occurred and is continuing, the Trustee in its <br /> discretion may, and upon the written request of the Owners of <br /> Outstanding Certificates then representing at least a majority in <br /> principal amount of the Lease Payments and receipt of indemnity to <br /> its satisfaction, shall, in its own name: <br /> (a) by mandamus, or other suit, action or proceeding at <br /> law or in equity, enforce all rights of the Owners, including the <br /> right as lessor under the Lease to collect the amounts payable <br /> under the Lease or to enforce any and all provisions of said <br /> agreements for the benefit of the Owners; <br /> (b) bring suit upon the Certificates; <br /> (c) take such actions as are allowed by law or in equity <br /> to realize upon the Trust Estate; <br /> (d) by action or suit in equity enjoin any acts or <br /> things which may be unlawful or in violation of the rights of the <br /> Owners. <br /> Section 5. 04 . Discontinuance of Proceedings by Trustee. If <br /> any proceeding taken by the Trustee on account of any Event of <br /> Default is discontinued or is determined adversely to the Trustee, <br /> the City, the Trustee and the Owners shall be restored to their <br /> former positions and rights hereunder as though no such proceeding <br /> had been taken, but subject to the limitations of any such adverse <br /> determination. <br /> Section 5. 05. Owners May Direct Proceedings. The Owners of <br /> Outstanding Certificates representing a majority in principal <br /> amount of the Lease Payments hereunder shall have the right to <br /> direct the method and place of conducting any proceeding for any <br /> remedy available to the Trustee or exercising any trust or power <br /> conferred on the Trustee provided that such direction shall not be <br /> in conflict with any rule of law or with this Agreement or be <br /> unduly prejudicial to Owners not joining therein and the Trustee <br /> may take any other action deemed proper by the Trustee which is <br /> not inconsistent with such direction; provided, however, that no <br /> proceedings by the Trustee or the Owners of Certificates <br /> Outstanding shall: <br /> (a) extend the fixed maturity of any principal component <br /> of Lease Payments represented by Certificates or reduce the rate <br /> -16- D0T437 91/09/24 <br />