Common use of Authorization of Actions to Be Taken by the Trustee Under the Collateral Agreements Clause in Contracts

Authorization of Actions to Be Taken by the Trustee Under the Collateral Agreements. Subject to the provisions of Sections 7.01 and 7.02 hereof, the Trustee may, in its sole discretion and without the consent of the Holders of Securities, direct, on behalf of the Holders of Securities, take all actions it deems necessary or appropriate in order to (a) enforce any of the terms of the Security Agreement and (b) collect and receive any and all amounts payable in respect of the Obligations of the Company hereunder. The Trustee shall have power to institute and maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral by any acts that may be unlawful or in violation of the Security Agreement or this Indenture, and such suits and proceedings as the Trustee may deem expedient to preserve or protect its interests and the interests of the Holders of Securities in the Collateral (including power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the security interest hereunder or be prejudicial to the interests of the Holders of Securities or of the Trustee).

Authorization of Actions to Be Taken by the Trustee Under the Collateral Agreements. Subject to the Intercreditor Agreement: Subject to the provisions of Sections Section 7.01 and 7.02 hereof, the Trustee may, in its sole discretion and without the consent of the Holders of SecuritiesHolders, direct, on behalf of the Holders of SecuritiesHolders, the Collateral Agent to take all actions it deems necessary or appropriate in order to (a) enforce any of the terms of the Security Agreement Collateral Agreements and (b) collect and receive any and all amounts payable in respect of the Obligations of the Company hereunder. The Trustee shall have power to institute and maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral by any acts that may be unlawful or in violation of the Security Agreement Collateral Agreements or this Indenture, and such suits and proceedings as the Trustee may deem expedient to preserve or protect its interests and the interests of the Holders of Securities in the Collateral (including power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the security interest hereunder Liens under the Collateral Agreements or be prejudicial to the interests of the Holders of Securities or of the Trustee).

Authorization of Actions to Be Taken by the Trustee Under the Collateral Agreements. Subject to the provisions terms of Sections 7.01 and 7.02 hereofthe Intercreditor Agreement, the Trustee may, in its sole discretion and without the consent of the Holders of Securities, directHolders, on behalf of the Holders of SecuritiesHolders, take all actions it deems necessary or appropriate in order to (a) enforce any of the terms of the Security Agreement Collateral Agreements and (b) collect and receive any and all amounts payable in respect of the Obligations of the Company hereunderand the Guarantors hereunder and under the Notes, the Collateral Agreements and the Note Registration Rights Agreement. The Subject to the terms of the Intercreditor Agreement or as otherwise expressly provided in the Collateral Agreements, the Trustee shall have the power to institute and to maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral by any acts that may be unlawful or in violation of the Security Agreement Collateral Agreements or this Indenture, and such suits and proceedings as the Trustee may deem expedient to preserve or protect its interests interest and the interests of the Holders of Securities in the Collateral (including power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the security interest hereunder or be prejudicial to the interests of the Holders of Securities or of the Trustee).

Authorization of Actions to Be Taken by the Trustee Under the Collateral Agreements. Subject to the provisions of Sections 7.01 and 7.02 hereofthe applicable Collateral Agreements, the Subordination Agreement and an Intercreditor Agreement, (a) the Trustee and the Collateral Agent may, in its their sole discretion and without the consent of the Holders of Securities, direct, on behalf of the Holders of SecuritiesHolders, take all actions it deems they deem necessary or appropriate in order to (ai) enforce any of the terms of the Security Agreement Collateral Agreements and (bii) collect and receive any and all amounts payable in respect of the Obligations of the Company hereunder. The , and (b) the Trustee and the Collateral Agent shall have power to institute and to maintain such suits and proceedings as it they may deem expedient to prevent any impairment of the Collateral by any acts act that may be unlawful or in violation of the Security Agreement Collateral Agreements or this Indenture, and such suits and proceedings as the Trustee and the Collateral Agent may deem expedient to preserve or protect its their interests and the interests of the Holders of Securities in the Collateral (including the power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the security interest hereunder thereunder or be prejudicial to the interests of the Holders of Securities Holders, the Trustee or of the TrusteeCollateral Agent).