Common use of Additional Remedies of Indenture Trustee Upon Event of Default Clause in Contracts

Additional Remedies of Indenture Trustee Upon Event of Default. In case an Event of Default or a default by the Depositor hereunder shall occur and be continuing, the Indenture Trustee may proceed to protect and enforce its rights and the rights of the Noteholders under this Agreement, as the case may be, by a suit, action or proceeding in equity or at law or otherwise, whether for the specific performance of any covenant or agreement contained in this Agreement or in aid of the execution of any power granted in this Agreement or for the enforcement of any other legal, equitable or other remedy, as the Indenture Trustee, being advised by counsel, and subject to the foregoing, shall deem most effectual to protect and enforce any of the rights of the Indenture Trustee and the Noteholders.

Additional Remedies of Indenture Trustee Upon Event of Default. In case an Event of Default or a default by the Depositor hereunder shall occur and be continuing, the Indenture Trustee may proceed to protect and enforce its rights and the rights of the Noteholders under this Agreement, as the case may be, by a suit, action or proceeding in equity or at law or otherwise, whether for the specific performance of any covenant or agreement contained in this Agreement or in aid of the execution of any power granted in this Agreement or for the enforcement of any other legal, equitable or other remedy, as the Indenture Trustee, being advised by counsel, and subject to the foregoing, shall deem most effectual to protect and enforce any of the rights of the Indenture Trustee and the Noteholders.. 106