Common use of Authorization of Actions to Be Taken by the Trustee Under the Security Documents Clause in Contracts

Authorization of Actions to Be Taken by the Trustee Under the Security Documents. (a) Subject to the provisions of the Security Documents, the Trustee may (but shall have no obligation to), in its sole discretion and without the consent of the Holders of Notes, direct, on behalf of the Holders of Notes, the Collateral Trustee to, take all actions it deems necessary or appropriate in order to: (1) enforce any of the terms of the Pledge Agreement; and (2) collect and receive any and all amounts payable in respect of the Obligations of the Issuer hereunder. (b) The Trustee shall have power (but shall have no obligation) to direct, on behalf of the Holders of the Notes, the Collateral Trustee 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 Pledge 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 Notes 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 Notes or of the Trustee).

Authorization of Actions to Be Taken by the Trustee Under the Security Documents. (a) Subject to the provisions of the Security DocumentsSECTION 7.01 and 7.02 hereof, the Trustee may (but shall have no obligation to)shall, in its sole discretion and without the consent of the Holders of Notes, direct, on behalf of the Holders of Notes, the Collateral Trustee to, Agent to take all actions it deems necessary or appropriate in order to: to (1a) enforce any of the terms of the Pledge Agreement; and Security Documents and (2b) collect collect, receive and receive distribute any and all amounts payable in respect of the Obligations of the Issuer Company hereunder. (b) . The Trustee shall have power (but shall have no obligation) to direct, on behalf of the Holders of the Notes, the Collateral Trustee 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 Pledge Agreement Security Documents 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 Notes 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 Notes or of the Trustee).

Authorization of Actions to Be Taken by the Trustee Under the Security Documents. (a) Subject to the provisions of the Security DocumentsSection 8.01 and 8.02 hereof, the Trustee may (but shall have no obligation to)shall, in its sole discretion and without the consent of the Holders of Notes, direct, on behalf of the Holders of the Notes, the Collateral Trustee to, take all actions it deems necessary or appropriate in order to: to (1a) enforce any of the terms of the Pledge Agreement; and Security Documents and (2b) collect collect, receive and receive distribute any and all amounts payable in respect of the Obligations of the Issuer hereunder. (b) Company hereunder or under the Security Documents. The Trustee shall have the power (but shall have no obligation) to direct, on behalf of the Holders of the Notes, the Collateral Trustee to institute and maintain such suits and proceedings as it either may deem expedient to prevent any impairment of the Collateral by any acts that may be unlawful or in violation of the Pledge Agreement Security Documents 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 Notes 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 Notes or of the Trustee).

Authorization of Actions to Be Taken by the Trustee Under the Security Documents. (a) Subject to the provisions of the Security DocumentsSection 7.01 and 7.02 hereof, the Trustee may (but shall have no obligation to)may, in its sole discretion and without the consent of the Holders of Notes, direct, on behalf of the Holders of Notes, the Collateral Trustee Security Agent to, take all actions it deems necessary or appropriate in order to: (1i) enforce any of the terms of the Pledge Security Documents or the Intercreditor Agreement; and (2ii) collect and receive any and all amounts payable in respect of the Obligations of the Issuer or any Guarantor hereunder. (b) The . Subject to the provisions hereof, the Security Documents and the Intercreditor Agreement, the Trustee shall will have power (but shall have no obligation) to direct, on behalf of the Holders of the Notes, the Collateral Trustee to institute and maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral Security by any acts that may be unlawful or in violation of the Pledge Security Documents, the Intercreditor 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 Notes 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 Notes or of the Trustee).

Authorization of Actions to Be Taken by the Trustee Under the Security Documents. (a) Subject to the provisions of the Security DocumentsSections 7.01 and 7.02 hereof, the Trustee may (but shall have no obligation to), in its sole discretion and without the consent of the Holders of Notes, direct, on behalf of the Holders of Notes, the Collateral Trustee to, Securities Intermediary to take all actions it deems necessary or appropriate in order to: to (1a) enforce any of the terms of the Pledge Agreement; and Security Documents and (2b) collect and receive any and all amounts payable in respect of the Obligations obligations of the Issuer hereunder. (b) . The Trustee shall have power (but shall have no obligation) to direct, on behalf of the Holders of the Notes, the Collateral Trustee 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 Pledge Agreement Security Documents or this IndentureIn- denture, and such suits and proceedings as the Trustee may deem expedient to preserve or protect its interests and the interests of the Holders of Notes 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 Notes or of to the Trustee).

Authorization of Actions to Be Taken by the Trustee Under the Security Documents. (a) Subject to the provisions of the Security DocumentsSection 7.01 and 7.02 hereof, the Trustee may (but shall have no obligation to)may, in its sole discretion and without the consent of the Holders of Notes, direct, on behalf of the Holders of Notes, the Collateral Trustee Agent to, take all actions it deems necessary or appropriate in order to: (1) enforce any of the terms of the Pledge AgreementSecurity Documents; and (2) collect and receive any and all amounts payable in respect of the Obligations of the Issuer Issuers hereunder. (b) The . Subject to Section 3 of the Intercreditor Agreement, the Trustee shall will have power (but shall have no obligation) to direct, on behalf of the Holders of the Notes, the Collateral Trustee 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 Pledge Agreement Security Documents 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 Notes 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 Notes or of the Trustee).

Authorization of Actions to Be Taken by the Trustee Under the Security Documents. (a) Subject to the provisions of the Security DocumentsIntercreditor Agreement, the Trustee may (but shall have no obligation to)may, in its sole discretion and without the consent of the Holders of Notes, directHolders, on behalf of the Holders of NotesSecured Parties, take, or direct the Collateral Trustee toAgent to take, take all actions it deems necessary or appropriate in order to: (1a) enforce any of the terms of the Pledge AgreementSecurity Documents; and (2b) collect and receive any and all amounts payable in respect of the Obligations of Notes Obligations; provided, however, that, notwithstanding anything to contrary herein or in any Security Document, the Issuer hereunder. (b) The Trustee shall not be required to take, or direct the Collateral Agent to take, any such actions unless the Trustee shall have power (but shall have no obligation) been directed to direct, on behalf do so in writing by Holders of at least 25% in principal amount of the Holders of Securities then outstanding. Subject to the NotesIntercreditor Agreement, the Collateral Trustee will 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 Pledge Agreement Security Documents 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 Notes other Secured Parties 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 Notes or of the TrusteeSecured Parties).