Common use of CERTAIN EVENTS OF DEFAULT; AUTHORITY OR TRUSTEE MAY TAKE CERTAIN ACTIONS Clause in Contracts

CERTAIN EVENTS OF DEFAULT; AUTHORITY OR TRUSTEE MAY TAKE CERTAIN ACTIONS. In case the Company shall have failed to comply with its obligations under Article III or under Sections 4.04, 4.08, 4.09, 4.10 or 5.16, which event shall have continued for a period of ninety (90) days after the date on which written notice of such failure, requiring the Company to remedy the same, shall have been given to the Company by the Authority or the Trustee, the Authority or the Trustee may take whatever action at law or in equity as may appear necessary or desirable to enforce performance or observance of any obligations or agreements of the Company under said Article or Sections. In case the Company shall have failed to comply with its obligations under Section 4.05, which event shall have continued for a period of ninety (90) days after the date on which written notice of such failure, requiring the Company to remedy the same, shall have been given to the Company by the Trustee, the Trustee may take whatever action at law or in equity as may appear necessary or desirable to the Trustee to enforce performance or observance of any obligations or agreements of the Company under said section.

Appears in 2 contracts

Samples: Indenture of Trust (Marketspan Corp), Participation Agreement (Long Island Lighting Co)

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CERTAIN EVENTS OF DEFAULT; AUTHORITY OR TRUSTEE MAY TAKE CERTAIN ACTIONS. In case the Company Corporation shall have failed to comply with its obligations under Article III or under Sections 4.04, 4.08, 4.09, 4.10 4. 10 or 5.16, which event shall have continued for a period of ninety (90) 90 days after the date on which written notice of such failure, requiring the Company Corporation to remedy the same, shall have been given to the Company Corporation by the Authority or the Trustee, the Authority or the Trustee may take whatever action at law or in equity as may appear necessary or desirable to enforce performance or observance of any obligations or agreements of the Company Corporation under said Article or Sections. In case the Company Corporation shall have failed to comply with its obligations under Section 4.05, which event shall have continued for a period of ninety (90) 90 days after the date on which written notice of such failure, requiring the Company Corporation to remedy the same, shall have been given to the Company Corporation by the Trustee, the Trustee may take whatever action at law or in equity as may appear necessary or desirable to the Trustee to enforce performance or observance of any obligations or agreements of the Company Corporation under said sectionSection.

Appears in 2 contracts

Samples: Participation Agreement (Ch Energy Group Inc), Participation Agreement (Ch Energy Group Inc)

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CERTAIN EVENTS OF DEFAULT; AUTHORITY OR TRUSTEE MAY TAKE CERTAIN ACTIONS. In case the Company shall have failed to comply with its obligations under Article III or under Sections 4.04, 4.08, 4.09, 4.10 4. 10 or 5.16, which event shall have continued for a period of ninety (90) 90 days after the date on which written notice of such failure, requiring the Company to remedy the same, shall have been given to the Company by the Authority or the Trustee, the Authority or the Trustee may take whatever action at law or in equity as may appear necessary or desirable to enforce performance or observance of any obligations or agreements of the Company under said Article or Sections. In case the Company shall have failed to comply with its obligations under Section 4.05, which event shall have continued for a period of ninety (90) 90 days after the date on which written notice of such failure, requiring the Company to remedy the same, shall have been given to the Company by the Trustee, the Trustee may take whatever action at law or in equity as may appear necessary or desirable to the Trustee to enforce performance or observance of any obligations or agreements of the Company under said sectionSection.

Appears in 1 contract

Samples: Participation Agreement (Central Hudson Gas & Electric Corp)

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