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® Section 1003. Trustee's Right to Title. Upon the occurrence of an Event of Default, the Issuer,upon demand of the Trustee,shall forthwith transfer title to the Premises by special warranty deeds,bills of sale, and other appropriate conveyance instruments executed and acknowledged by the Issuer transferring good and merchantable title to the Trustee free and clear of all liens and encumbrances except those to which title was subject when leased hereunder, Permitted Encumbrances under the Lease Agreement,or resulting from any failure of the Company to perform any of its obligations under the Lease Agreement. At either party's option, closing shall occur through an escrow established with a title company mutually acceptable to the parties. Section 1004. Other Remedies;EighLs of Bondholders. Upon the occurrence of an Event of Default,the Trustee may,as an alternative,pursue any available remedy by suit at law or in equity to enforce the payment of the principal of and interest on the Bonds then outstanding hereunder. If an Event of Default shall have occurred,and if it shall have been requested so to do by the holders of two-thirds(2/3)in aggregate principal amount of Bonds outstanding hereunder and shall have been indemnified as provided in Section 1101 hereof,the Trustee shall be obligated to exercise such one or more of the rights and powers conferred upon it by this Section and by Section 1002 as the Trustee,being advised by counsel,shall deem most expedient in the interests of the bondholders. No remedy by the terms of this Indenture conferred upon or reserved to the Trustee(or to the bondholders)is intended to be exclusive of any other remedy,but each and every such remedy shall • be cumulative and shall be in addition to any other remedy given hereunder or now or hereafter existing at law or in equity or by statute. No delay or omission to exercise any right or power accruing upon any default or Event of Default shall impair any such right or power or shall be construed to be a waiver of any such default or Event of Default or acquiescence therein;and every such right and power may be exercised from time to time and as often as may be deemed expedient. No waiver of any default or Event of Default hereunder, whether by the Trustee or by the bondholders,shall extend to or shall affect any subsequent default or Event of Default or shall impair any rights or remedies consequent thereon. Nothing in this Section 1004 shall be construed to relieve the Trustee of its obligation to cause an acceleration when required or to pay the bondholders the amounts due them when due. Section 1005. Rights of Bondholders to Direct Proceedings. Anything in this Indenture to the contrary notwithstanding the holders of a majority in aggregate principal amount of Bonds outstanding hereunder shall have the right, at any time, by an instrument or instruments in writing executed and delivered to the Trustee,to direct the method and place of conducting all proceedings to be taken in connection with the enforcement of the terms and conditions of this Indenture,or for the appointment of a receiver or any other proceeding hereunder;provided that such direction shall not be otherwise than in accordance with the provisions of law and of this Indenture. O 25