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 under this Indenture will not be affected by the seeking or obtaining of or application for 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 or the Noteholders will 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 Trust Assets or upon any of the assets of the Issuer. Any money or property collected by the Indenture Trustee must be applied as specified in the applicable Indenture Supplement.

Appears in 6 contracts

Samples: Indenture (Ford Credit Floorplan Corp), Indenture (Ford Credit Floorplan LLC), Indenture (Nissan Wholesale Receivables Corp Ii)

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Action on Notes. The Indenture Trustee's right to seek and recover judgment on the Notes or under this Indenture will shall not be affected by the seeking or seeking, obtaining of or application for 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 or the Noteholders will 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 Indenture Trust Assets Estate or upon any of the assets of the Issuer. Any money or property collected by the Indenture Trustee must shall be applied as specified in the applicable Indenture Supplementaccordance with this Indenture.

Appears in 5 contracts

Samples: Indenture (GS Auto Loan Trust 2007-1), Indenture (Bear Stearns Asset Backed Whole Auto Loan Trust 2004-1), Indenture (Merrill Auto Trust Securitization 2005-1)

Action on Notes. The Indenture Trustee's right to seek and recover judgment on the Notes or under this Indenture will shall not be affected by the seeking or obtaining of or application for 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 or the Noteholders will 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 Trust Assets Collateral or upon any of the assets of the Issuer. Any money or property collected by the Indenture Trustee must shall be applied as specified in the applicable Indenture Supplement.

Appears in 5 contracts

Samples: Master Indenture (Hrsi Funding Inc Ii), Master Indenture (Associates Credit Card Receivables Corp), Master Indenture (Conseco Finance Credit Funding Corp)

Action on Notes. The Indenture Trustee's right to seek and --------------- recover judgment on the Notes or under this Indenture will shall not be affected by the seeking or obtaining of or application for 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 or the Noteholders will 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 Trust Assets Collateral or upon any of the assets of the Issuer. Any money or property collected by the Indenture Trustee must shall be applied as specified in the applicable Indenture Supplement.

Appears in 3 contracts

Samples: Master Indenture (Spiegel Master Trust), Master Indenture (Spiegel Master Trust), Master Indenture (Spiegel Inc)

Action on Notes. The Indenture Trustee's ’s right to seek and recover judgment on the Notes or under this the Indenture will shall not be affected by the seeking or obtaining of or application for any other relief under or with respect to this the Indenture. Neither the Lien lien of this the Indenture nor any rights or remedies of the Indenture Trustee or the Noteholders will 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 Trust Assets Collateral or upon any of the assets of the Issuer. Any money or property collected by the Indenture Trustee must shall be applied as specified in the applicable Indenture Supplement.

Appears in 3 contracts

Samples: Master Indenture (First National Funding LLC), Master Indenture (First National Funding LLC), Master Indenture (First National Master Note Trust)

Action on Notes. The Indenture Trustee's ’s right to seek and recover judgment on the Notes or under this Indenture will shall not be affected by the seeking or seeking, obtaining of or application for 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 or the Noteholders will 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 Indenture Trust Assets Estate or upon any of the assets of the Issuer. Any money or property collected by the Indenture Trustee must shall be applied as specified in the applicable Indenture Supplementaccordance with this Indenture.

Appears in 1 contract

Samples: Indenture (GS Auto Loan Trust 2005-1)

Action on Notes. The Indenture Trustee's ’s right to seek and recover judgment on the Notes or under this Master Indenture will shall not be affected by the seeking or obtaining of or application for any other relief under or with respect to this Master Indenture. Neither the Lien lien of this Master Indenture nor any rights or remedies of the Indenture Trustee or the Noteholders will 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 Trust Assets Collateral or upon any of the assets of the Issuer. Any money or property collected by the Indenture Trustee must shall be applied as specified in the applicable Indenture Supplement.

Appears in 1 contract

Samples: Master Indenture (Nordstrom Inc)

Action on Notes. The Indenture Trustee's right to seek and recover judgment on the Notes or under this Indenture will shall not be affected by the seeking or seeking, obtaining of or application for 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 or the Noteholders will 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 Indenture Trust Assets Estate or upon any of the assets of the Issuer. Any money or property collected by the Indenture Trustee must shall be applied as specified in the applicable accordance with this Base Indenture and any Series Supplement.

Appears in 1 contract

Samples: Base Indenture (Uici)

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Action on Notes. The Indenture Trustee's ’s right to seek and recover judgment on the Notes or under this Indenture will shall not be affected by the seeking or obtaining of or application for 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 or the Noteholders will 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 Trust Assets Collateral or upon any of the assets of the Issuer. Any money or property collected by the Indenture Trustee must shall be applied as specified in the applicable Indenture Supplement.

Appears in 1 contract

Samples: Master Indenture (Compucredit Corp)

Action on Notes. The Indenture Trustee's right to seek and recover judgment on the Notes or under this Master Indenture will shall not be affected by the seeking or obtaining of or application for any other relief under or with respect to this Master Indenture. Neither the Lien lien of this Master Indenture nor any rights or remedies of the Indenture Trustee or the Noteholders will 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 Trust Assets Collateral or upon any of the assets of the Issuer. Any money or property collected by the Indenture Trustee must shall be applied as specified in the applicable Indenture Supplement.

Appears in 1 contract

Samples: Master Indenture (Nordstrom Inc)

Action on Notes. The Indenture Trustee's right to seek and recover judgment on the Notes or under this Indenture will shall not be affected by the seeking or obtaining of or application for 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 or the Noteholders will 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 Trust Assets or upon any of the assets of the Issuer. Any money or property collected by the Indenture Trustee must shall be applied as specified in the applicable Indenture Supplement.

Appears in 1 contract

Samples: Master Indenture (Household Credit Card Master Note Trust I)

Action on Notes. The Indenture Trustee's ’s right to seek and recover judgment on the Notes or under this Indenture will shall not be affected by the seeking or obtaining of or application for 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 or the Noteholders will 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 Trust Assets Collateral or upon any of the assets of the Issuer. Any Subject to Section 5.5, any money or property collected by the Indenture Trustee must shall be applied as specified in the applicable Indenture Supplement.

Appears in 1 contract

Samples: Master Indenture (United States Cellular Corp)

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