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

Collection of Indebtedness and Suits for Enforcement by. Indenture Trustee. (a) The Issuer covenants that if (i) default is made in the ----------------- payment of any interest on any Note 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 principal of or any installment of the principal of any Note when the same becomes due and payable, the Issuer will, upon demand of the Indenture Trustee, pay to it, for the benefit of the Holders of the Notes and of the Note Insurer, the whole amount then due and payable on the Notes for principal and interest, with interest upon the overdue 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 Indenture Trustee and its agents and counsel.

Collection of Indebtedness and Suits for Enforcement by. Indenture Trustee. (a) The Issuer covenants that if (i) default is made ----------------- in the ----------------- payment of any interest on any Note 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 principal of or any installment of the principal of any Note when the same becomes due and payable, the Issuer will, upon demand of the Indenture Trustee, pay to it, for the benefit of the Holders of the Notes (and of the Note InsurerCredit Enhancer), the whole amount then due and payable on the Notes for principal and interest, with interest upon the overdue 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 Indenture Trustee and its agents and counsel.

Collection of Indebtedness and Suits for Enforcement by. Indenture Trustee. (a) The Issuer covenants that if (i) default is made in the ----------------- payment of any interest on any Note Series of Notes when the same becomes due and payable, and such default continues for a period of five daysthree Business Days, or (ii) default is made in the payment of the principal of or any installment of the principal of any Note Series of Notes when the same becomes due and payable, and such default continues for a period of three Business Days, the Issuer will, upon demand of the Indenture Trustee, pay to it, for the benefit of the Holders of the Notes and of the Note InsurerSecured Parties, the whole amount then due and payable on the Notes for principal and interest, with interest upon the overdue 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 Indenture Trustee and its agents and counsel.

Collection of Indebtedness and Suits for Enforcement by. Indenture Trustee. (a) The Issuer covenants that if (i) default is made in ----------------- the ----------------- payment of any interest on any Note 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 principal of or any installment of the principal of any Note when the same becomes due and payable, the Issuer will, upon demand of the Indenture Trustee, pay to it, for the benefit of the Holders of the Notes (and of the Note InsurerCredit Enhancer), the whole amount then due and payable on the Notes for principal and interest, with interest upon the overdue 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 Indenture Trustee and its agents and counsel.

Collection of Indebtedness and Suits for Enforcement by. Indenture Trustee. (a) The Issuer covenants that if (i) default an Event of Default ----------------- specified in Section 5.01(i) has occurred and is made in the ----------------- payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five days, continuing or (ii) default an Event of Default specified in Section 5.01(ii) has occurred and is made in the payment of the principal of or any installment of the principal of any Note when the same becomes due and payablecontinuing, the Issuer will, upon demand of the Indenture Trustee, pay to it, for the benefit of the Holders of the Notes and of the Note InsurerNotes, the whole amount then due and payable on the such Notes for principal and interest, with interest upon on the overdue principalprincipal and, and to the extent payment at such rate of interest shall be legally enforceable, on overdue installments of interest at the rate borne by the Notes and, in addition thereto 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 Indenture Trustee and its agents and counsel.

Collection of Indebtedness and Suits for Enforcement by. Indenture Trustee. (a) The Issuer covenants that if (i) default is made in the ----------------- payment of any interest on any Note 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 principal of or any installment of the principal of any Note when the same becomes due and payable, the Issuer will, upon demand of the Indenture Trustee, pay to it, for the benefit of the Holders of the Notes and of the Note InsurerCredit Enhancer, the whole amount then due and payable on the Notes for principal and interest, with interest upon the overdue 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 Indenture Trustee and its agents and counsel.