Common use of Collection Suit by Indenture Trustee Clause in Contracts

Collection Suit by Indenture Trustee. If an Event of Default specified in Section 5.01(a) or (b) occurs and is continuing, the Indenture Trustee may recover judgment in its own name and as trustee of an express trust against the Issuer for the whole amount then due and owing (together with interest on overdue principal and (to the extent lawful) on any unpaid interest at the rate provided for in the Notes) and the amounts provided for in Section 6.06.

Appears in 16 contracts

Samples: Master Transaction Agreement (Emergent Capital, Inc.), Master Transaction Agreement (Emergent Capital, Inc.), Master Transaction Agreement (Emergent Capital, Inc.)

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Collection Suit by Indenture Trustee. If an Event of Default specified in Section 5.01(aclause (a), (b), (c) or (bd) of section 10.1 occurs and is continuing, the Indenture Trustee may recover judgment in its own name and as trustee of an express trust against the Issuer Corporation for the whole amount then due of principal (and owing (together with interest on overdue principal and (to the extent lawful) on any unpaid interest at the rate provided for in the Notespremium, if any) and the amounts provided for in Section 6.06interest remaining unpaid.

Appears in 2 contracts

Samples: Indenture (Student Transportation Inc.), Student Transportation Inc.

Collection Suit by Indenture Trustee. If an Event of Default specified in Section 5.01(a) clause (a), (b), (c), or (bd) of section 9.1 occurs and is continuing, the Indenture Trustee may recover judgment in its own name and as trustee of an express trust against the Issuer Company for the whole amount then due of principal (and owing (together with interest on overdue principal and (to the extent lawful) on any unpaid interest at the rate provided for in the Notespremium, if any) and the amounts provided for in Section 6.06interest remaining unpaid.

Appears in 2 contracts

Samples: Indenture (Golden Star Resources LTD), Golden Star Resources LTD

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Collection Suit by Indenture Trustee. If an Event of Default specified in Section 5.01(a) or (b) occurs and is continuing, the Indenture Trustee may recover judgment in its own name and as trustee of an express trust against the Issuer or any other obligor on the Notes for the whole amount then due and owing (together with interest on overdue principal and (to the extent lawful) on any unpaid interest at the rate provided for in the Notes) and the amounts provided for in Section 6.06.

Appears in 2 contracts

Samples: Indenture (Imperial Holdings, Inc.), Indenture (Imperial Holdings, Inc.)

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