Collection of Indebtedness and Suits for Enforcement. (1) The Obligor covenants that if:
(i) default is made in the payment of any installment of interest on any Note of any series when such interest becomes due and payable, or
(ii) default is made in the payment of (or premium, if any, on) the principal of any Note of any series at the Maturity thereof, and
(iii) any such default continues for any period of grace provided in relation to such default pursuant to Section 4.01, then, with respect to such series of Notes, the Obligor will, upon demand of the Trustee, pay to it, for the benefit of the Holders of the Notes of such series, the whole amount then due and payable on all Notes of such series for principal (and premium, if any) and interest, together with interest (to the extent that payment of such interest shall be legally enforceable) upon the overdue principal (and premium, if any) and upon overdue installments of interest at the rate of interest prescribed therefor by the Notes of such series; 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 Trustee, its agents and counsel and all other amounts due the Trustee under Section 5.07.
(2) If the Obligor fails to pay such amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express trust, may institute a judicial proceeding for the collection of the sums so due and unpaid, and may prosecute such proceeding to judgment or final decree, and may enforce the same against the Obligor or any other obligor upon such Notes and collect the money adjudged or decreed to be payable in the manner provided by law out of the property of the Obligor or any other obligor upon such Notes, wherever situated.
(3) If an Event of Default occurs and is continuing with respect to any series of Notes, the Trustee may in its discretion proceed to protect and enforce its rights and the rights of the Holders of such series of Notes by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy.
Collection of Indebtedness and Suits for Enforcement. The Trust covenants that if
Collection of Indebtedness and Suits for Enforcement by Trustee. ---------- The Company covenants that if
Collection of Indebtedness and Suits for Enforcement. The Company covenants that if the principal or interest shall become past due, the Company shall pay 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 rate borne by this Debenture and 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 Debentureholder. If the Company fails to pay such amount forthwith upon such demand, the Debentureholder may institute a judicial proceeding for the collection of the sums so due and unpaid, and may prosecute such proceeding to judgment or final decree, and may enforce the same against the Company or any other obligor upon the Debenture and collect the moneys adjudged or decreed to be payable in the manner provided by law out of the property of the Company or any other obligor upon the Debenture, wherever situated.
Collection of Indebtedness and Suits for Enforcement. The Obligor covenants that if:
Collection of Indebtedness and Suits for Enforcement. By the Trustee 31 Section 6.09. Trustee May File Proofs of Claim 32 Section 6.10. Restoration of Rights and Remedies 33 Section 6.11. Rights and Remedies Cumulative 33 Section 6.12. Delay or Omission Not Waiver 33 Section 6.13. Application of Money Collected 33 Section 6.14. Undertaking For Costs 34 Section 6.15. Waiver of Stay or Extension Laws 34 Section 6.16. Notice of Default 35
Collection of Indebtedness and Suits for Enforcement by Trustee 1 Section 6.03 Application of Moneys Collected 1 Section 6.04 Limitation on Suits 1
Collection of Indebtedness and Suits for Enforcement. The Company covenants that if: (i) default is made in the payment of any installment of interest (including any Additional Interest) on any Security when such interest becomes due and payable and such default continues for a period of thirty (30) days, or (ii) default is made in the payment of the principal of and any premium on any Security at the Maturity thereof, then the Company will pay to the Holders of such Securities, the whole amount then due and payable on such Securities for principal and any premium and interest (including any Additional Interest). If the Company fails to pay such amounts forthwith upon such demand, the Holders may institute a judicial proceeding for the collection of the sums so due and unpaid, and may prosecute such proceeding to judgment or final decree, and may enforce the same against the Company or any other obligor upon such Securities and collect the moneys adjudged or decreed to be payable in the manner provided by law out of the property of the Company or any other obligor upon the Securities, wherever situated.
Collection of Indebtedness and Suits for Enforcement. The Company covenants that if
a. Default is made in the payment of any installment of interest on any Debenture when such interest becomes due and payable and such default continues for a period of thirty (30) days, or
b. Default is made in the payment of the principal of any Debenture at the Maturity thereof, the Company will, upon demand of the Debentureholders, pay to them the whole amount then due and payable on such Debentures for principal 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 agents and counsel of the Debentureholders. If an Event of Default occurs and is continuing, the Debentureholders may in their discretion proceed to protect and enforce their rights by such appropriate judicial proceedings as the Debentureholders shall deem most effectual to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement in this Agreement or in aid of the exercise of any power granted herein, or to enforce any other proper remedy.
Collection of Indebtedness and Suits for Enforcement. BY TRUSTEE 52 Section 7.04. Trustee May File Proofs of Claim 53 SECTION 7.05. TRUSTEE MAY ENFORCE CLAIMS WITHOUT POSSESSION OF SECURITIES 54 Section 7.06. Application of Money Collected. 54 Section 7.07. Limitation on Suits 54 Houston 3170417v.7 SECTION
