Common use of Action on Notes Clause in Contracts

Action on Notes. The Indenture Trustee’s right to seek and recover judgment on the Notes [or the Interest Rate [Swap][Cap] Agreement] under this Indenture shall not be affected by the seeking, obtaining or application of any other relief under or with respect to this Indenture. Neither the lien of this Indenture nor any rights or remedies of the Indenture Trustee[, the [Swap][Cap] Counterparty] or the Noteholders shall be impaired by the recovery of any judgment by the Indenture Trustee against the Issuer or by the levy of any execution under such judgment upon any portion of the Collateral or upon any of the assets of the Issuer. Any money or property collected by the Indenture Trustee shall be applied in accordance with Section 5.06.

Action on Notes. The Indenture Trustee’s right to seek and recover judgment on the Notes [or the Interest Rate [Swap][Cap] Swap Agreement] under this Indenture shall not be affected by the seeking, obtaining or application of any other relief under or with respect to this Indenture. Neither the lien of this Indenture nor any rights or remedies of the Indenture Trustee[, the [Swap][Cap] Swap Counterparty] or the Noteholders shall be impaired by the recovery of any judgment by the Indenture Trustee against the Issuer or by the levy of any execution under such judgment upon any portion of the Collateral or upon any of the assets of the Issuer. Any money or property collected by the Indenture Trustee shall be applied in accordance with Section 5.06.

Action on Notes. The Indenture Trustee’s 's right to seek --------------- and recover judgment on the Notes [Notes, in respect of the Swap Agreement, the Swap Policy or the Interest Rate [Swap][Cap] Agreement] under this Indenture shall not be affected by the seeking, obtaining or application of any other relief under or with respect to this Indenture. Neither the lien of this Indenture nor any rights or remedies of the Indenture Trustee[, the [Swap][Cap] Swap Counterparty] , the Swap Guarantor or the Noteholders shall be impaired by the recovery of any judgment by the Indenture Trustee against the Issuer or by the levy of any execution under such judgment upon any portion of the Collateral Trust Estate or upon any of the assets of the Issuer. Any money or property collected by the Indenture Trustee shall be applied in accordance with Section 5.063.05(d). Section 5.15.

Action on Notes. The Indenture Trustee’s right to seek and recover judgment on the Notes Notes[or the , under any Interest Rate [Swap][Cap] Agreement] or under this Indenture shall not be affected by the seeking, obtaining or application of any other relief under or with respect to this Indenture. Neither the lien Lien of this Indenture nor any rights or remedies of the Indenture Trustee[, the [Swap][Cap] CounterpartySwap Counterparty][Cap Provider]] or the Noteholders shall be impaired by the recovery of any judgment by the Indenture Trustee against the Issuer Issuing Entity or by the levy of any execution under such judgment upon any portion of the Collateral Owner Trust Estate or upon any of the assets of the IssuerIssuing Entity. Any money or property collected by the Indenture Trustee shall be applied in accordance with Section 5.06.5.04(b). 39 (NALT 20[●]-[●] Indenture)

Action on Notes. The Indenture Trustee’s right to seek and recover judgment on the Notes or under this Indenture [or the Interest Rate [Swap][Cap] AgreementAgreement(s)] under this Indenture shall not be affected by the seeking, obtaining or application of any other relief under or with respect to this Indenture. Neither the lien of this Indenture nor any rights or remedies of the Indenture Trustee[, the [Swap][Cap] CounterpartySwap Counterparty][Cap Provider]] or the Noteholders shall be impaired by the recovery of any judgment by the Indenture Trustee against the Issuer or by the levy of any execution under such judgment upon any portion of the Collateral Trust Estate or upon any of the assets of the Issuer. Any money or property collected by the Indenture Trustee shall be applied in accordance with Section 5.065.04(a).

Action on Notes. The Indenture Trustee’s right to seek and recover judgment on the Notes Notes, [or the Interest Rate Swap Agreement], [Swap][Capthe Revolving Liquidity Note] Agreement] or under this Indenture shall not be affected by the seeking, obtaining or application of any other relief under or with respect to this Indenture. Neither the lien of this Indenture nor any rights or remedies of the Indenture Trustee[, the [Swap][Cap] Counterparty] Trustee or the Noteholders shall be impaired by the recovery of any judgment by the Indenture Trustee against the Issuer or by the levy of any execution under such judgment upon any portion of the Collateral Trust Estate or upon any of the assets of the Issuer. Any money or property collected by the Indenture Trustee shall be applied in accordance with Section 5.06.

Action on Notes. The Indenture Trustee’s 's right to --------------- seek and recover judgment on the Notes [or the Interest Rate [Swap][Cap] Agreement] under this Indenture shall not be affected by the seeking, obtaining or application of any other relief under or with respect to this IndentureIndenture or the Security Agreement [Indenture Trustee]. Neither the lien of this Indenture or of the Security Agreement [Indenture Trustee], nor any rights or remedies of the Indenture Trustee[, the [Swap][Cap] Counterparty] Trustee or the Noteholders shall be impaired by the recovery of any judgment by the Indenture Trustee against the Issuer Trust or by the levy of any execution under such judgment upon any portion of the Collateral or upon any of the assets of the IssuerIssuer Trust. Any money or property collected by the Indenture Trustee shall be applied in accordance with Section 5.06.5.04(b) hereof. ---------------

Action on Notes. The Indenture Trustee’s right to seek and recover judgment on the Notes Notes[or the , under any Interest Rate [Swap][Cap] Agreement] or under this Indenture shall not be affected by the seeking, obtaining or application of any other relief under or with respect to this Indenture. Neither the lien Lien of this Indenture nor any rights or remedies of the Indenture Trustee[, the [Swap][Cap] CounterpartySwap Counterparty][Cap Provider]] or the Noteholders shall be impaired by the recovery of any judgment by the Indenture Trustee against the Issuer Issuing Entity or by the levy of any execution under such judgment upon any portion of the Collateral Owner Trust Estate or upon any of the assets of the IssuerIssuing Entity. Any money or property collected by the Indenture Trustee shall be applied in accordance with Section 5.065.04(b).