Collection of Indebtedness. The Issuer covenants that, if an Event of Default occurs and is continuing and a declaration of acceleration has been made under Section 802 and not rescinded, the Issuer will, upon demand of the Indenture Trustee, pay to the Indenture Trustee, for the benefit of the Noteholders of all Series then Outstanding, all Hedge Counterparties and all Series Enhancers, an amount equal to the whole amount then due and payable on all Series of Notes for principal and interest, with interest upon the overdue principal and, to the extent that payment of such interest shall be legally enforceable, upon overdue installments of interest, at the Default Rate payable with respect to each such Note and, in addition thereto, such further amount as shall be sufficient to cover all other Outstanding Obligations, the costs and out-of-pocket expenses of collection, including the reasonable and documented compensation, expenses, disbursements and advances of the Indenture Trustee and the Requisite Global Majority, their respective agents and counsel incurred in connection with the enforcement of this Indenture.
Collection of Indebtedness. The Issuer covenants that, if an Event of Default occurs and is continuing, the Issuer will, upon demand of the Agent, pay to the Agent, for the benefit of the Noteholders, the whole amount then due and payable on such Notes for principal and interest, with interest upon the overdue principal and, to the extent that payment of such interest shall be legally enforceable, upon overdue installments of interest, at the default interest rate payable with respect to each such Note; and, in addition thereto, such further amount as shall be sufficient to cover all Outstanding Obligations, including the costs and out-of-pocket expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Agent, its agents and counsel incurred in connection with the enforcement of this Loan Agreement.
Collection of Indebtedness. The Issuer covenants that, if an Event of Default occurs and is continuing and a declaration of acceleration has been made under Section 802 and not rescinded, the Issuer will, upon demand of the Indenture Trustee, pay to the Indenture Trustee, for the benefit of the Noteholders of all Series then Outstanding and each Interest Rate Hedge Provider, an amount equal to the sum of (i) the sum of (A) the whole amount then due and payable for all Series of Notes then Outstanding, (B) all amounts owing by the Issuer under any Interest Rate Hedge Agreement, and (C) such further amounts as shall be required to pay in full all of the Outstanding Obligations, including in each case, the costs and out-of-pocket expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee the Requisite Global Majority, their agents and counsel incurred in connection with the enforcement of this Indenture, and (ii) to the extent that the payment of such interest is lawful, interest on the amount set forth in clause (i) at the applicable Overdue Rate with respect to the Notes and at the applicable default rate as set forth in the related Interest Rate Hedge Agreements or other Related Documents.
Collection of Indebtedness. If there is an existing Default, then upon Mortgagee’s demand, Mortgagor will pay to Mortgagee the whole of the Secured Obligations so demanded; and if Mortgagor fails to pay the same upon such demand, Mortgagee shall be entitled to xxx for and to recover judgment against Mortgagor for the whole amount so due and unpaid together with costs and expenses, including without limitation, the reasonable compensation, expenses and disbursements of Mortgagee’s agents, attorneys (including, expressly, costs of services of paralegals) and other representatives, either before, after or during the pendency of any proceedings for the enforcement of this Mortgage and the right of Mortgagee to recover such judgment shall not be affected by any taking, possession or foreclosure sale, or by the exercise of any other right, power or remedy for the enforcement of the terms of this Mortgage, or the foreclosure of the lien.
Collection of Indebtedness. The Issuer covenants that, if an Event of Default occurs and is continuing and a declaration of acceleration has been made under Section 8.02 and not rescinded, the Issuer will, upon demand of the Indenture Trustee, pay to the Indenture Trustee, for the benefit of the Persons set forth in Section 3.02 hereof, the amounts and in the priorities set forth in Section 3.02 hereof.
Collection of Indebtedness. Guarantor expressly waives any right to the benefit of or to require or control application of any security or the proceeds of any security now existing or hereafter obtained by Lender as security for the Indebtedness, or any part thereof, and agrees that Lender shall have no duty to apply to the Indebtedness any monies, payments or other property at any time received by or paid to or in the possession of Lender, except as Lender shall determine in its sole discretion. Guarantor specifically agrees that Guarantor shall not have any recourse or action against Lender by reason of any action Lender may take or omit to take in connection with the Indebtedness, the collection of any sums or amounts herein mentioned, or in connection with any security for or any other guaranty of the Indebtedness.
Collection of Indebtedness. The Borrower covenants that, if an Event of Default occurs and is continuing and a declaration of acceleration has been made under Section 802 and not rescinded, the Borrower will, upon demand of the Collateral Agent (acting at the direction of the Majority Lenders), pay to the Collateral Agent, for the benefit of the Secured Parties, an amount equal to the whole amount then due and payable on the Loans for principal and interest, with interest upon the overdue principal and, to the extent that payment of such interest shall be legally enforceable, upon overdue installments of interest, at the Default Rate payable with respect to each Loan and, in addition thereto, such further amount as shall be sufficient to cover all other Outstanding Obligations, the costs and out-of-pocket expenses of collection, including the reasonable and documented compensation, expenses, disbursements and advances of the Collateral Agent and the Majority Lenders, their respective agents and counsel incurred in connection with the enforcement of this Agreement. Section 804 Remedies. If an Event of Default occurs and is continuing, the Collateral Agent, by such officer or agent as it may appoint, shall notify each Lender, each Hedge Counterparty and the Administrative Agent of such Event of Default. So long as an Event of Default is continuing or at any time after a declaration of acceleration has been made, the Collateral Agent shall if instructed by the Majority Lenders: (i) institute any Proceedings, in its own name and as trustee of an express trust, for the collection of all amounts then due and payable under this Agreement, whether by declaration or otherwise, enforce any judgment obtained, and collect from the Collateral and any other assets of the Borrower any monies adjudged due; (ii) subject to the quiet enjoyment rights of any lessee of a Managed Container and the restrictions set forth in Section 3 of the Intercreditor Collateral Agreement, sell (subject to, in the case of any Managed Container that is not a Terminated Managed Container, the rights of the Manager under the Management Agreement and the Intercreditor Collateral Agreement), hold or lease the Collateral 98
Collection of Indebtedness. AND SUITS FOR ENFORCEMENT BY TRUSTEE.63 4.4 TRUSTEE MAY FILE PROOFS OF CLAIM................................64 4.5 TRUSTEE MAY ENFORCE CLAIMS WITHOUT POSSESSION OF SECURITIES.....64 4.6 APPLICATION OF MONEY COLLECTED..................................65 4.7
Collection of Indebtedness. HAL reserves the right to:
8.1 Apply for the payment of any amount due to HAL from the Agent, any sum of money or part thereof belonging to the Agent which may be in HAL’s possession, and
8.2 Deduct any amounts owed by the Agent to HAL from any amounts owed by HAL to the Agent.
Collection of Indebtedness. The Company covenants that if:
(1) default is made in the payment of any installment of interest on this Debenture when such interest becomes due and payable and such default continues for a period of 30 days, or
(2) default is made in the payment of the principal of this Debenture at the Maturity thereof, the Company will, upon demand of the Holder, pay to it, the whole amount then due and payable on this Debenture for principal and interest, with interest upon the overdue principal and, to the extent that payment of such interest shall be legally enforceable, upon overdue installments of interest, at a rate of 13% per annum; and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Holder, its agents and counsel.
