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 LLC), Ford Credit Floorplan Corp, Indenture (Ford Credit Floorplan LLC)

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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 (Bear Stearns Asset Backed Whole Auto Loan Trust 2003-1), Indenture (GS Auto Loan Trust 2006-1), Indenture (GS Auto Loan Trust 2007-1)

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 3 contracts

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

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 ’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: Uscc Master Note (United States Cellular Corp)

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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 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: Household Credit Card Master Note Trust I

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)

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.. ARTICLE SIX

Appears in 1 contract

Samples: Master Indenture (Nordstrom Inc)

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