Common use of Collection of Indebtedness and Suits for Enforcement by Clause in Contracts

Collection of Indebtedness and Suits for Enforcement by. Note Trustee. (a) The Note Issuer covenants that if (i) default is made in the ------------- payment of any interest on any Note of a Series when the same becomes due and payable, and such default continues for a period of five days, (ii) default is made in the payment of the then unpaid principal of any Note of any Series on the Final Maturity Date for such Note or (iii) default is made in the payment of the Redemption Price for any Note on the Redemption Date therefor, the Note Issuer will, upon demand of the Note Trustee, pay to it, for the benefit of the Holders of the Notes of such Series, the whole amount then due and payable on such Notes for principal, premium, if any, and interest, with interest upon the overdue principal and premium, if any, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the respective rate borne by the Notes of such Series or the applicable Class 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 Note Trustee and its agents and counsel.

Appears in 3 contracts

Samples: Sdg&e Funding LLC a De Limited Liability Co, Sce Funding LLC, Pg&e Funding LLC

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Collection of Indebtedness and Suits for Enforcement by. Note Trustee. (a) The Note Issuer covenants that if (i) default is made in the ------------- ------------ payment of any interest on any Note of a Series when the same becomes due and payable, and such default continues for a period of five days, (ii) default is made in the payment of the then unpaid principal of any Note of any Series on the Final Maturity Date for such Note or (iii) default is made in the payment of the Redemption Price for any Note on the Redemption Date therefor, the Note Issuer will, upon demand of the Note Trustee, pay to it, for the benefit of the Holders of the Notes of such Series, the whole amount then due and payable on such Notes for principal, premium, if any, and interest, with interest upon the overdue principal and premium, if any, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the respective rate borne by the Notes of such Series or the applicable Class 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 Note Trustee and its agents and counsel.

Appears in 2 contracts

Samples: Sce Funding LLC, Sdg&e Funding LLC a De Limited Liability Co

Collection of Indebtedness and Suits for Enforcement by. Note Indenture Trustee. (a) The Note Issuer covenants that if (i) default is made in the ------------- ----------------- payment of any interest (including, subject to the limitations of Sections 2.7(d) and 8.2(c), any Note Interest Carryover) on any Note of a Series when the same becomes due and payable, and such default continues for a period of five days, or (ii) default is made in the payment of the then unpaid principal of any Note of any Series on when the same becomes due and payable at the related Note Final Maturity Date for such Note or (iii) default is made in the payment of the Redemption Price for any Note on the Redemption Date thereforDate, the Note Issuer willshall, upon demand of the Note Indenture Trustee, pay to it, for the benefit of the Holders of the Notes of such SeriesNoteholders, the whole amount then due and payable on such Notes for principal, premium, if any, principal and interestinterest (and any Note Interest Carryover), with interest upon the overdue principal and premium, if anyprincipal, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interestinterest (and any Note Interest Carryover), at the respective rate borne by the Notes of such Series or the applicable Class of such Series specified in Section 2.7 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 Note Indenture Trustee and its agents and counsel.

Appears in 1 contract

Samples: SLM Funding Corp

Collection of Indebtedness and Suits for Enforcement by. Note Indenture Trustee. (a) The Note Issuer covenants that if (i) default is made in the ------------- ----------------- payment of any interest (including, subject to the limitations of Sections 2.07(d) and 8.02(c), any Noteholders' Interest LIBOR Carryover) on any Note of a Series when the same becomes due and payable, and such default continues for a period of five days, or (ii) default is made in the payment of the then unpaid principal of or any installment of the principal of any Note of any Series on when the Final Maturity Date for such Note or (iii) default is made in the payment of the Redemption Price for any Note on the Redemption Date thereforsame becomes due and payable, the Note Issuer will, upon demand of the Note Indenture Trustee, pay to it, for the benefit of the Holders of the Notes of such SeriesNoteholders, the whole amount then due and payable on such Notes for principal, premium, if any, principal and interestinterest (and any Noteholders' Interest LIBOR Carryover), with interest upon the overdue principal and premium, if anyprincipal, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interestinterest (and any Noteholders' Interest LIBOR Carryover), at the respective rate borne by the Notes of such Series or the applicable Class of such Series specified in Section 2.07 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 Note Indenture Trustee and its agents and counsel.

Appears in 1 contract

Samples: Signet Bank Maryland

Collection of Indebtedness and Suits for Enforcement by. Note Trustee. (a) The Note Issuer covenants that if (i) default is made in the ------------- payment of any interest on any Note of a Series when the same becomes due and payable, and such default continues for a period of five days, (ii) default is made in the payment of the then unpaid principal of any Note of any Series on the Final Maturity Date for such Note or (iii) default is made in the payment of the Optional Redemption Price or Mandatory Redemption Price, as applicable, for any Note on the Optional Redemption Date or Mandatory Redemption Date, as applicable, therefor, the Note Issuer will, upon demand of the Note Trustee, pay to it, for the benefit of the Holders of the Notes of such Series, the whole amount then due and payable on such Notes for principal, premium, if any, and interest, with interest upon the overdue principal and premium, if any, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the respective rate borne by the Notes of such Series or the applicable Class 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 Note Trustee and its agents and counsel.

Appears in 1 contract

Samples: Pg&e Funding LLC

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Collection of Indebtedness and Suits for Enforcement by. Note Trustee. (a) The Note Issuer covenants that if (i) default is made in the ------------- ------------ payment of any interest on any Note of a Series when the same becomes due and payable, and such default continues for a period of five days, (ii) default is made in the payment of the then unpaid principal of any Note of any Series on the Final Maturity Date for such Note or (iii) default is made in the payment of the Optional Redemption Price or Mandatory Redemption Price, as applicable, for any Note on the Optional Redemption Date or Mandatory Redemption Date, as applicable, therefor, the Note Issuer will, upon demand of the Note Trustee, pay to it, for the benefit of the Holders of the Notes of such Series, the whole amount then due and payable on such Notes for principal, premium, if any, and interest, with interest upon the overdue principal and premium, if any, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the respective rate borne by the Notes of such Series or the applicable Class 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 Note Trustee and its agents and counsel.

Appears in 1 contract

Samples: Sce Funding LLC

Collection of Indebtedness and Suits for Enforcement by. Note Indenture Trustee. (a) The Note Issuer Trust covenants that if (i) default is made in ----------------- the ------------- payment of any interest on any Note of a Series when the same becomes due and payable, and such default continues for a period of five daystwo (2) Business Days, or (ii) default is made in the payment of the then unpaid principal of any Note of any Series when the same becomes due and payable on the Rated Final Maturity Date for such Note or (iii) default is made in the payment of the Redemption Price for any Note on the Redemption Date thereforDate, the Note Issuer Trust will, upon demand of the Note Indenture Trustee, pay to itthe Indenture Trustee, for the benefit of the Holders of the Notes of such SeriesNoteholders, the whole entire amount then due and payable on such Notes for principal, premium, if any, principal and interest, with interest upon the overdue principal and premium, if any, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, interest at the respective rate borne by the Notes of such Series or the applicable Class 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 Note Indenture Trustee and its agents and counsel.

Appears in 1 contract

Samples: Ascent Entertainment Group Inc

Collection of Indebtedness and Suits for Enforcement by. Note Indenture Trustee. (a) The Note Issuer covenants that if (i) default is made in ----------------- the ------------- payment of any interest on any Note of a Series when the same becomes due and payable, and such default continues for a period of five days, (ii) default is made in the payment of the then unpaid principal of or any installment of the principal of any Note of any Series on when the Final Maturity Date for such Note same becomes due and payable or (iii) (default is made in the payment of amounts due by the Redemption Price for any Note on Issuer under the Redemption Date thereforSwap Agreement), the Note Issuer will, upon demand of the Note Indenture Trustee, pay to it, for the benefit of the Holders of the Notes of such Series(and the Swap Counterparty), the whole amount then due and payable on such Notes for principal, premium, if any, principal and interest, with interest upon the overdue principal and premium, if anyprincipal, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the respective rate borne by such Notes (and the Notes of such Series or whole amount then due and payable under the applicable Class 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 Note Trustee and its agents and counselSwap Agreement).

Appears in 1 contract

Samples: Administration Agreement (Ml Asset Backed Corp)

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