Common use of Action on Secured Notes Clause in Contracts

Action on Secured Notes. The Indenture Trustee's right to seek and recover judgment 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 Note Purchaser or the Holders of Secured Notes shall be impaired by the recovery of any judgment by the Indenture Trustee against the Trust or by the levy of any execution under such judgment upon any portion of the Trust Estate.

Action on Secured Notes. The Indenture Trustee's ’s right to seek and recover judgment on the Secured Notes or under this Indenture shall not be affected by the seeking, seeking or obtaining of or application of 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, the Note Purchaser or the Holders of Secured Notes Parties shall be impaired by the recovery of any judgment by the Indenture Trustee against the Trust Issuer or by the levy of any execution under such judgment upon any portion of the Trust EstateCollateral or upon any of the assets of the Issuer.