Collateral Agent May Enforce Claims Without Possession of Notes. All rights of action and of asserting claims under the Transaction Documents, may be enforced by the Collateral Agent without the possession of the Notes or the production thereof in any trial or other proceedings relative thereto, and any such action or proceedings instituted by the Collateral Agent shall be brought in its own name as Collateral Agent and any recovery of judgment, subject to the payment of the reasonable, out-of-pocket and documented expenses, disbursements and compensation of the Collateral Agent each predecessor Collateral Agent and their respective agents and attorneys, shall be for the ratable benefit of the holders of the Notes and other Secured Parties.
Collateral Agent May Enforce Claims Without Possession of Notes. All rights of action and claims under this Indenture and Credit Agreement or under any of the Debt may be prosecuted and enforced by the Collateral Agent without the possession of any of the Debt or the production thereof in any trial or other Proceeding relating thereto, and any such action or Proceeding instituted by the Collateral Agent shall be brought in its own name as trustee of an express trust. Any recovery of judgment in respect of the Debt shall be applied as set forth in Section 5.7 hereof. In any Proceedings brought by the Collateral Agent (and in any Proceedings involving the interpretation of any provision of this Indenture and Credit Agreement to which the Collateral Agent shall be a party) in respect of the Debt, the Collateral Agent shall be deemed to represent all the Holders of the Debt.
Collateral Agent May Enforce Claims Without Possession of Notes. All rights of action and claims under this Agreement or the Notes may be prosecuted and enforced by the Collateral Agent without the possession of any of the Notes, or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Collateral Agent shall be brought in its own name as collateral agent. Any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Collateral Agent, its agents and counsel, be for the ratable benefit of the Noteholders in respect of which such judgment has been obtained.
Collateral Agent May Enforce Claims Without Possession of Notes. All rights of action and claims under this Agreement, the Asset Backed Loan, the Timeshare Loans or the other assets constituting the Subject Collateral may be prosecuted and enforced by the Collateral Agent without the possession of any Note or the production thereof in any proceeding relating thereto, and any recovery of judgment shall, after provisions for the payment of the reasonable compensation, expenses, disbursements and advances of the Collateral Agent and any predecessor Collateral Agent, their agents and counsel, be for the benefit of the Lenders in respect of which such judgment has been recovered, and pursuant to the priorities contemplated by Section 3.4 hereof.
Collateral Agent May Enforce Claims Without Possession of Notes. All rights of action and claims under this Indenture or under any of the Debt may be prosecuted and enforced by the Collateral Agent without the possession of any of the Notes or the production thereof in any trial or other Proceeding relating thereto, and any such action or Proceeding instituted by the Collateral Agent shall be brought in its own name and as Collateral Agent on behalf of the Secured Parties and any recovery of judgment shall be applied as set forth in Section 5.7 hereof.
