Common use of SECTION 508 Clause in Contracts

SECTION 508. Unconditional Right of Holders to Receive Principal, Premium and Interest......................38 Section 509. Restoration of Rights and Remedies.............................................................39 Section 510. Rights and Remedies Cumulative.................................................................39 Section 511. Delay or Omission Not Waiver...................................................................39 Section 512. Control By Holders.............................................................................39 Section 513. Waiver of Past Defaults........................................................................40 Section 514. Undertaking for Costs..........................................................................40 Section 515. Waiver of Stay or Extension Laws...............................................................40 ARTICLE SIX The Trustee

SECTION 508. Unconditional Right of Holders to Receive Principal, Premium and Interest......................38 Section ......... 40 SECTION 509. Restoration of Rights and Remedies.............................................................39 Section ................................................ 40 SECTION 510. Rights and Remedies Cumulative.................................................................39 Section .................................................... 41 SECTION 511. Delay or Omission Not Waiver...................................................................39 Section ...................................................... 41 SECTION 512. Control By by Holders.............................................................................39 Section ................................................................ 41 SECTION 513. Waiver of Past Defaults........................................................................40 Section ........................................................... 41 SECTION 514. Undertaking for Costs..........................................................................40 Section ............................................................. 42 SECTION 515. Waiver of Usury, Stay or Extension Laws...............................................................40 ........................................... 42 ARTICLE SIX Six The Trustee..................................................................................... 42 SECTION 601. Certain Duties and Responsibilities............................................... 42 SECTION 602. Notice of Defaults................................................................ 42 SECTION 603. Certain Rights of Trustee......................................................... 43

SECTION 508. Unconditional Right of Holders to Receive Principal, Premium and Interest......................38 Section ..........................................39 SECTION 509. Restoration of Rights and Remedies...........................................................................................39 Section SECTION 510. Rights and Remedies Cumulative...................................................................................................39 Section SECTION 511. Delay or Omission Not Waiver.......................................................................................................39 Section SECTION 512. Control By by Holders...........................................................................................................................39 Section SECTION 513. Waiver of Past Defaults.................................................................................................................40 Section SECTION 514. Undertaking for Costs.....................................................................................................................40 Section SECTION 515. Waiver of Stay or Extension Laws...............................................................................................40 ARTICLE SIX The TrusteeTHE TRUSTEE SECTION 601. Certain Duties and Responsibilities.............................41 SECTION 602. Notice of Defaults..............................................41

SECTION 508. Unconditional Right of Holders to Receive PrincipalPrincipal and any Premium, Premium Interest and Interest......................38 Additional Amounts...........................................................................47 Section 509. Restoration of Rights and Remedies.............................................................39 47 Section 510. Rights and Remedies Cumulative.................................................................39 48 Section 511. Delay or Omission Not Waiver...................................................................39 48 Section 512. Control By Holders.............................................................................39 by Holders of Securities...............................................................48 Section 513. Waiver of Past Defaults........................................................................40 48 Section 514. Waiver of Usury, Stay or Extension Laws........................................................49 Section 515. Undertaking for Costs..........................................................................40 Section 515. Waiver of Stay or Extension Laws...............................................................40 49 ARTICLE SIX The TrusteeTHE TRUSTEE

SECTION 508. Unconditional Right of Holders to Receive Principal, Principal Premium and Interest......................38 ................... 40 Section 509. Restoration of Rights and Remedies.............................................................39 ......................................................... 40 Section 510. Rights and Remedies Cumulative.................................................................39 ............................................................. 40 Section 511. Delay or Omission Not Waiver...................................................................39 ............................................................... 40 Section 512. Control By by Holders.............................................................................39 ......................................................................... 41 Section 513. Waiver of Past Defaults........................................................................40 Defaults and Compliance.......................................................... 41 Section 514. Undertaking for Costs..........................................................................40 Section 515. Waiver of Stay or Extension Laws...............................................................40 Security Agreements........................................................................ 41 ARTICLE SIX The THE TRUSTEE Section 601. Notice of Defaults......................................................................... 42 Section 602. Certain Rights of Trustee.................................................................. 42 Section 603. Trustee Not Responsible for Recitals or Issuance of Securities............................. 43

SECTION 508. Unconditional Right of Holders to Receive PrincipalPrincipal and any Premium, Premium Interest and Interest......................38 Additional Amounts......................................................................50 Section 509. Restoration of Rights and Remedies.............................................................39 ..........................................................50 Section 510. Rights and Remedies Cumulative.................................................................39 ..............................................................50 Section 511. Delay or Omission Not not Waiver...................................................................39 ................................................................50 Section 512. Control By Holders.............................................................................39 by Holders of Securities............................................................51 Section 513. Waiver of Past Defaults........................................................................40 .....................................................................51 Section 514. Undertaking for Costs..........................................................................40 Section 515. Waiver of Stay or Extension Laws...............................................................40 ............................................................51 Section 515. Undertaking for Costs.......................................................................52 Section 516. Direct Action Right of Holders of Trust Preferred Securities................................52 ARTICLE SIX The TrusteeTHE TRUSTEE

SECTION 508. Unconditional Right of Holders to Receive PrincipalPrincipal and any Premium, Premium Interest and Interest......................38 Additional Amounts.................................51 Section 509. Restoration of Rights and Remedies.............................................................39 .......................................51 Section 510. Rights and Remedies Cumulative.................................................................39 ...........................................51 Section 511. Delay or Omission Not Waiver...................................................................39 .............................................52 Section 512. Control By Holders.............................................................................39 by Holders of Securities.........................................52 Section 513. Waiver of Past Defaults........................................................................40 ..................................................52 Section 514. Waiver of Usury, Stay or Extension Laws..................................53 Section 515. Undertaking for Costs..........................................................................40 Section 515. Waiver of Stay or Extension Laws...............................................................40 ....................................................53 ARTICLE SIX The THE TRUSTEE Section 601. Certain Rights of Trustee................................................54

SECTION 508. Unconditional Right of Holders to Receive Principal, Premium and Interest......................38 Section ..................................................................................48 SECTION 509. Restoration of Rights and Remedies.............................................................39 Section ........................................................48 SECTION 510. Rights and Remedies Cumulative.................................................................39 Section ............................................................48 SECTION 511. Delay or Omission Not Waiver...................................................................39 Section ..............................................................48 SECTION 512. Control By by Holders.............................................................................39 Section ........................................................................49 SECTION 513. Waiver of Past Defaults........................................................................40 Section ...................................................................49 SECTION 514. Undertaking for Costs..........................................................................40 Section 515. Waiver of Stay or Extension Laws...............................................................40 ..........................................................49 ARTICLE SIX The TrusteeVI

SECTION 508. Unconditional Right of Holders to Receive Principal, Premium and Interest......................38 Interest and Additional Amounts, if Any............................................................... 49 Section 509. Restoration of Rights and Remedies.............................................................39 ....................................................... 49 Section 510. Rights and Remedies Cumulative.................................................................39 ........................................................... 50 Section 511. Delay or Omission Not Waiver...................................................................39 ............................................................. 50 Section 512. Control By Holders.............................................................................39 by Holders of Securities......................................................... 50 Section 513. Undertaking for Costs.................................................................... 50 Section 514. Waiver of Past Defaults........................................................................40 Section 514. Undertaking for Costs..........................................................................40 .................................................................. 51 Section 515. Waiver of Usury, Stay or Extension Laws...............................................................40 .................................................. 51 ARTICLE SIX The THE TRUSTEE Section 601. Notice of Defaults....................................................................... 51 Section 602. Certain Rights of Trustee................................................................ 52 Section 603. Not Responsible for Recitals or Issuance of Securities................................... 54

SECTION 508. Unconditional Right of Holders to Receive Principal, Premium and Interest......................38 Section ..................................................... 43 SECTION 509. Restoration of Rights and Remedies.............................................................39 Section ..................................................... 43 SECTION 510. Rights and Remedies Cumulative.................................................................39 Section ......................................................... 44 SECTION 511. Delay or Omission Not Waiver...................................................................39 Section ........................................................... 44 SECTION 512. Control By by Holders.............................................................................39 Section ..................................................................... 44 SECTION 513. Waiver of Past Defaults........................................................................40 Section ................................................................ 44 SECTION 514. Undertaking for Costs..........................................................................40 Section .................................................................. 45 SECTION 515. Waiver of Usury, Stay or Extension Laws...............................................................40 ................................................ 45 ARTICLE SIX The TrusteeTHE TRUSTEE

SECTION 508. Unconditional Right of Holders to Receive PrincipalUNCONDITIONAL RIGHT OF HOLDERS TO RECEIVE PRINCIPAL, Premium and Interest......................38 PREMIUM AND INTEREST........................................................................41 Section 509. Restoration of Rights and Remedies.............................................................39 RESTORATION OF RIGHTS AND REMEDIES..............................................42 Section 510. Rights and Remedies Cumulative.................................................................39 RIGHTS AND REMEDIES CUMULATIVE..................................................42 Section 511. Delay or Omission Not Waiver...................................................................39 DELAY OR OMISSION NOT WAIVER....................................................42 Section 512. Control By Holders.............................................................................39 CONTROL BY HOLDERS OF SECURITIES................................................42 Section 513. Waiver of Past Defaults........................................................................40 WAIVER OF PAST DEFAULTS.........................................................42 Section 514. Undertaking for Costs..........................................................................40 Section 515. Waiver of Stay or Extension Laws...............................................................40 ARTICLE SIX The TrusteeUNDERTAKING FOR COSTS...........................................................43

SECTION 508. Unconditional Right of Holders to Receive Principal, Premium and Interest......................38 Interest and Additional Amounts, if Any.......................................................... 49 Section 509. Restoration of Rights and Remedies.............................................................39 ...................................................... 50 Section 510. Rights and Remedies Cumulative.................................................................39 .......................................................... 50 Section 511. Delay or Omission Not Waiver...................................................................39 ............................................................ 50 Section 512. Control By Holders.............................................................................39 by Holders of Securities........................................................ 50 Section 513. Undertaking for Costs................................................................... 51 Section 514. Waiver of Past Defaults........................................................................40 Section 514. Undertaking for Costs..........................................................................40 ................................................................. 51 Section 515. Waiver of Usury, Stay or Extension Laws...............................................................40 ................................................. 51 ARTICLE SIX The THE TRUSTEE Section 601. Notice of Defaults...................................................................... 52 Section 602. Certain Rights of Trustee............................................................... 52

SECTION 508. Unconditional Right of Holders to Receive Principal, Premium and Interest......................38 . 40 Section 509. Restoration of Rights and Remedies.............................................................39 ............................................................ 40 Section 510. Rights and Remedies Cumulative.................................................................39 ................................................................ 41 Section 511. Delay or Omission Not Waiver...................................................................39 .................................................................... 41 Section 512. Control By by Holders.............................................................................39 ....................................................................................... 41 Section 513. Waiver of Past Defaults........................................................................40 ................................................................................ 42 Section 514. Undertaking for Costs..........................................................................40 ................................................................................... 42 Section 515. Waiver of Usury Stay or Extension Laws...............................................................40 .................................................... 42 ARTICLE SIX The TrusteeTHE TRUSTEE................................................................................................... 43 Section 601. Certain Duties and Responsibilities.............................................................. 43 Section 602. Notice of Defaults......................................................................................... 43

SECTION 508. Unconditional Right of Holders to Receive Principal, Premium and Interest......................38 Section ...................................................................................36 SECTION 509. Restoration of Rights and Remedies.............................................................39 Section 37 SECTION 510. Rights and Remedies Cumulative.................................................................39 Section 37 SECTION 511. Delay or Omission Not Waiver...................................................................39 Section 37 SECTION 512. Control By by Holders.............................................................................39 Section 37 SECTION 513. Waiver of Past Defaults........................................................................40 Section 38 SECTION 514. Undertaking for Costs..........................................................................40 Section 38 SECTION 515. Waiver of Stay or Extension Laws...............................................................40 39 ARTICLE SIX The Trustee-- THE TRUSTEE SECTION 601. Certain Duties and Responsibilities............................................................39 SECTION 602. Notice of Defaults.............................................................................40

SECTION 508. Unconditional Right of Holders to Receive Principal, Premium Premium, Interest and Interest......................38 Additional Amounts ................................................... 47 Section 509. Restoration of Rights and Remedies.............................................................39 .......................................... 47 Section 510. Rights and Remedies Cumulative.................................................................39 .............................................. 47 Section 511. Delay or Omission Not Waiver...................................................................39 ................................................ 47 Section 512. Control By Holders.............................................................................39 .......................................................... 48 Section 513. Waiver of Past Defaults........................................................................40 ..................................................... 48 Section 514. Undertaking for Costs..........................................................................40 Section 515. Waiver of Stay or Extension Laws...............................................................40 ............................................ 48 ARTICLE SIX The THE TRUSTEE.......................................................................... 49 Section 601. Notice of Defaults.......................................................... 49 Section 602. Certain Rights of Trustee................................................... 49

SECTION 508. Unconditional Right of Holders to Receive Principal, Premium or Make-Whole Amount, if any, Interest and Interest......................38 Additional Amounts..............................................................40 Section 509. Restoration of Rights and Remedies.............................................................39 40 Section 510. Rights and Remedies Cumulative.................................................................39 40 Section 511. Delay or Omission Not Waiver...................................................................39 41 Section 512. Control By Holders.............................................................................39 Holders of Securities...............................................................41 Section 513. Waiver of Past Defaults........................................................................40 41 Section 514. Undertaking for Costs..........................................................................40 Section 515. Waiver of Usury, Stay or Extension Laws...............................................................40 ARTICLE SIX The Trustee........................................................41

SECTION 508. Unconditional Right of Holders to Receive Principal, Premium or Make-Whole Amount, if any, Interest and Interest......................38 Additional Amounts..............................................................40 Section 509. Restoration of Rights and Remedies.............................................................39 ...............................................................41 Section 510. Rights and Remedies Cumulative.................................................................39 ...................................................................41 Section 511. Delay or Omission Not Waiver...................................................................39 .....................................................................41 Section 512. Control By Holders.............................................................................39 Holders of Securities.................................................................41 Section 513. Waiver of Past Defaults........................................................................40 ..........................................................................41 Section 514. Undertaking for Costs..........................................................................40 Section 515. Waiver of Usury, Stay or Extension Laws...............................................................40 ARTICLE SIX The Trustee..........................................................42

SECTION 508. Unconditional Right of Holders to Receive Principal, Premium Principal and Interest......................38 Section Interest and Convert .................................................................... 39 SECTION 509. Restoration of Rights and Remedies.............................................................39 Section Remedies ......................................... 40 SECTION 510. Rights and Remedies Cumulative.................................................................39 Section Cumulative ............................................. 40 SECTION 511. Delay or Omission Not Waiver...................................................................39 Section Waiver ............................................... 40 SECTION 512. Control By Holders.............................................................................39 Section by Holders ......................................................... 40 SECTION 513. Waiver of Past Defaults........................................................................40 Section Defaults .................................................... 41 SECTION 514. Undertaking for Costs..........................................................................40 Section Costs ...................................................... 41 SECTION 515. Waiver of Stay or Extension Laws...............................................................40 Laws ........................................... 42 SECTION 516. Enforcement by Holders of Preferred Securities ................................................................. 42 ARTICLE SIX The TrusteeTrustee ........................................... 43

SECTION 508. Unconditional Right of Holders to Receive Principal, Premium Premium, Interest and Interest......................Additional Amounts ....................................... 38 Section 509. Restoration of Rights and Remedies.............................................................39 Remedies .................................... 38 Section 510. Rights and Remedies Cumulative.................................................................39 Cumulative ........................................ 38 Section 511. Delay or Omission Not Waiver...................................................................39 Waiver .......................................... 38 Section 512. Control By Holders.............................................................................39 by Holders .................................................... 38 Section 513. Waiver of Past Defaults........................................................................40 Defaults ............................................... 39 Section 514. Undertaking for Costs..........................................................................40 Costs ................................................. 39 Section 515. Waiver of Usury, Stay or Extension Laws...............................................................Laws ............................... 40 ARTICLE SIX The TrusteeTHE TRUSTEE .............................................................. 40 Section 601. Certain Duties and Responsibilities ................................... 40 Section 602. Notice of Defaults .................................................... 40

SECTION 508. Unconditional Right of Holders to Receive Principal, Premium and Interest......................Interest and to Convert 38 Section SECTION 509. Restoration of Rights and Remedies................................................................................................................... 39 Section SECTION 510. Rights and Remedies Cumulative........................................................................................................................... 39 Section SECTION 511. Delay or Omission Not Waiver............................................................................................................................... 39 Section SECTION 512. Control By by Holders................................................................................................................................................... 39 Section SECTION 513. Waiver of Past Defaults......................................................................................................................................... 40 Section SECTION 514. Undertaking for Costs..........................................................................40 Section 515. Waiver of Stay or Extension Laws.................................................................................................................................. 40 ARTICLE SIX The TrusteeTHE TRUSTEE........................................................................... 41 SECTION 601. Certain Duties and Responsibilities..................................................... 41 SECTION 602. Notice of Defaults...................................................................... 41

SECTION 508. Unconditional Right of Holders to Receive Principal, Premium and Interest......................38 ................48 Section 509. Restoration of Rights and Remedies.............................................................39 .......................................................48 Section 510. Rights and Remedies Cumulative.................................................................39 ...........................................................49 Section 511. Delay or Omission Not Waiver...................................................................39 .............................................................49 Section 512. Control By by Holders.............................................................................39 .......................................................................49 Section 513. Waiver of Past Defaults........................................................................40 ..................................................................49 Section 514. Undertaking for Costs..........................................................................40 ....................................................................50 Section 515. Waiver of Usury, Stay or Extension Laws...............................................................40 ..................................................50 ARTICLE SIX The TrusteeVI THE TRUSTEE

SECTION 508. Unconditional Right of Holders to Receive PrincipalPrincipal and any Premium, Premium Interest and Interest......................38 Additional Amounts.....................................................................................50 Section 509. Restoration of Rights and Remedies.............................................................39 ..........................................................50 Section 510. Rights and Remedies Cumulative.................................................................39 ..............................................................50 Section 511. Delay or Omission Not not Waiver...................................................................39 ................................................................50 Section 512. Control By Holders.............................................................................39 by Holders of Securities............................................................51 Section 513. Waiver of Past Defaults........................................................................40 .....................................................................51 Section 514. Undertaking for Costs..........................................................................40 Section 515. Waiver of Stay or Extension Laws...............................................................40 ............................................................51 Section 515. Undertaking for Costs.......................................................................52 Section 516. Direct Action Right of Holders of Trust Preferred Securities................................52 ARTICLE SIX The TrusteeTHE TRUSTEE

SECTION 508. Unconditional Right of Holders to Receive Principal, Premium Principal and Interest......................38 Section Redemption Interest and to Convert.............................................................................51 SECTION 509. Restoration of Rights and Remedies.............................................................39 Section .........................................................51 SECTION 510. Rights and Remedies Cumulative.................................................................39 Section .............................................................52 SECTION 511. Delay or Omission Not Waiver...................................................................39 Section ...............................................................52 SECTION 512. Control By by Holders.............................................................................39 Section .........................................................................52 SECTION 513. Waiver of Past Defaults........................................................................40 Section ....................................................................52 SECTION 514. Undertaking for Costs..........................................................................40 Section ......................................................................53 SECTION 515. Waiver of Stay or Extension Laws...............................................................40 ...........................................................53 ARTICLE SIX The TrusteeTHE TRUSTEE SECTION 601. Certain Duties and Responsibilities........................................................53 SECTION 602. Notice of Defaults.........................................................................54

SECTION 508. Unconditional Right of Holders to Receive Principal, Premium and Interest......................38 Section Interest and to Convert........................................ 40 PAGE SECTION 509. Restoration of Rights and Remedies.............................................................39 Section .............................................. 40 SECTION 510. Rights and Remedies Cumulative.................................................................39 Section .................................................. 41 SECTION 511. Delay or Omission Not Waiver...................................................................39 Section .................................................... 41 SECTION 512. Control By by Holders.............................................................................39 Section .............................................................. 41 SECTION 513. Waiver of Past Defaults........................................................................40 Section ......................................................... 41 SECTION 514. Undertaking for Costs..........................................................................40 Section ........................................................... 42 SECTION 515. Waiver of Usury, Stay or Extension Laws...............................................................40 ......................................... 42 ARTICLE SIX The TrusteeTHE TRUSTEE SECTION 601. Certain Duties and Responsibilities............................................. 42 SECTION 602. Notice of Defaults.............................................................. 43

SECTION 508. Unconditional Right of Holders to Receive Principal, Premium and Interest......................38 Interest and to Convert.......................... -34- Section 509. Restoration of Rights and Remedies.............................................................39 . ......................... -35- Section 510. Rights and Remedies Cumulative.................................................................39 ............................... -35- Section 511. Delay or Omission Not Waiver...................................................................39 . ............................... -35- Section 512. Control By by Holders.............................................................................39 ........................................... -35- Section 513. Waiver of Past past Defaults........................................................................40 ...................................... -35- Section 514. Undertaking for Costs..........................................................................40 . ...................................... -36- Section 515. Waiver of Usury, Stay or Extension Laws...............................................................40 ARTICLE SIX The Trustee. .................... -36-

SECTION 508. Unconditional Right of Holders to Receive Principal, Premium Principal and Interest......................Interest and to Convert .................................................. 38 Section SECTION 509. Restoration of Rights and Remedies.............................................................39 Section Remedies .......................... 38 SECTION 510. Rights and Remedies Cumulative.................................................................Cumulative .............................. 39 Section SECTION 511. Delay or Omission Not Waiver...................................................................Waiver ................................ 39 Section SECTION 512. Control By Holders.............................................................................by Holders .......................................... 39 Section SECTION 513. Waiver of Past Defaults........................................................................40 Section Defaults ..................................... 39 SECTION 514. Undertaking for Costs..........................................................................Costs ....................................... 40 Section SECTION 515. Waiver of Stay or Extension Laws...............................................................Laws ............................ 40 ARTICLE SIX The TrusteeTrustee SECTION 601. Certain Duties and Responsibilities ......................... 41 SECTION 602. Notice of Defaults .......................................... 41

SECTION 508. Unconditional Right of Holders to Receive Principal, Premium and Interest......................38 .............39 Section 509. Restoration of Rights and Remedies..................................................................................................................39 Section 510. Rights and Remedies Cumulative.................................................................39 .........................................................40 Section 511. Delay or Omission Not Waiver...................................................................39 ...........................................................40 Section 512. Control By by Holders.............................................................................39 .....................................................................40 Section 513. Waiver of Past Defaults........................................................................................................................................40 Section 514. Undertaking for Costs..........................................................................40 ..................................................................41 Section 515. Waiver of Stay or Extension Laws...............................................................40 .......................................................41 ARTICLE SIX The THE TRUSTEE................................................................42 Section 601. Certain Duties and Responsibilities....................................................42 Section 602. Notice of Defaults.....................................................................42 Section 603. Certain Rights of Trustee..............................................................42 -iii-

SECTION 508. Unconditional Right of Holders to Receive Principal, Premium and Interest......................38 Section ........................................................... 48 SECTION 509. Restoration of Rights and Remedies.............................................................39 Section ........................................ 49 SECTION 510. Rights and Remedies Cumulative.................................................................39 Section ............................................ 49 SECTION 511. Delay or Omission Not Waiver...................................................................39 Section .............................................. 49 SECTION 512. Control By by Holders.............................................................................39 Section ........................................................ 49 SECTION 513. Waiver of Past Defaults........................................................................40 Section ................................................... 50 SECTION 514. Undertaking for Costs..........................................................................40 Section 515. Waiver of Stay or Extension Laws...............................................................40 .......................................... 50 ARTICLE SIX The TrusteeTHE TRUSTEE SECTION 601. Notice of Defaults........................................................ 50 Page

SECTION 508. Unconditional Right of Holders to Receive Principal, Premium Premium, Interest and Interest......................Additional Amounts...............................................................38 Section 509. Restoration of Rights and Remedies.............................................................39 ...............................................38 Section 510. Rights and Remedies Cumulative.................................................................39 ...................................................38 Section 511. Delay or Omission Not Waiver...................................................................39 .....................................................38 Section 512. Control By by Holders.............................................................................39 ...............................................................38 Section 513. Waiver of Past Defaults........................................................................40 ..........................................................39 Section 514. Undertaking for Costs..........................................................................40 ............................................................39 Section 515. Waiver of Usury, Stay or Extension Laws.........................................................................................................40 ARTICLE SIX The TrusteeTHE TRUSTEE..........................................................................40 Section 601. Certain Duties and Responsibilities..............................................40 Section 602. Notice of Defaults...............................................................40

SECTION 508. Unconditional Right of Holders to Receive Principal, Premium and Interest......................Interest and to Convert ..... 38 Section SECTION 509. Restoration of Rights and Remedies.............................................................Remedies ........................................................... 39 Section PAGE SECTION 510. Rights and Remedies Cumulative.................................................................Cumulative ............................................................... 39 Section SECTION 511. Delay or Omission Not Waiver...................................................................Waiver ................................................................. 39 Section SECTION 512. Control By Holders.............................................................................by Holders ........................................................................... 39 Section SECTION 513. Waiver of Past Defaults........................................................................Defaults ...................................................................... 40 Section SECTION 514. Undertaking for Costs..........................................................................Costs ........................................................................ 40 Section SECTION 515. Waiver of Usury, Stay or Extension Laws...............................................................Laws ...................................................... 40 ARTICLE SIX The TrusteeTHE TRUSTEE SECTION 601. Certain Duties and Responsibilities .......................................................... 41 SECTION 602. Notice of Defaults ........................................................................... 41