Default Provisions and Remedies of Trustee and Bondholders Sample Clauses

Default Provisions and Remedies of Trustee and Bondholders. SECTION 601.
AutoNDA by SimpleDocs
Default Provisions and Remedies of Trustee and Bondholders. Section 6.01 Events of Default 71 Section 6.02 Acceleration; Other Remedies Upon Event of Default 71 Section 6.03 Rights of Bondholders 74 Section 6.04 Waiver by Issuer 74 Section 6.05 Application of Moneys After Default 74 Section 6.06 Rights of the Credit Facility Provider 76 Section 6.07 Remedies Vested in Trustee 76 Section 6.08 Remedies of Bondholders 76 Section 6.09 Termination of Proceedings 77 Section 6.10 Waivers of Events of Default 77 Section 6.11 Notice to Bondholders if Default Occurs 78 ARTICLE VII CONCERNING THE TRUSTEE Section 7.01 Standard of Care. 79 Section 7.02 Reliance Upon Documents. 80 Section 7.03 Use of Proceeds 83 Section 7.04 Trustee May Hold Bonds 83 Section 7.05 Trust Imposed 83 Section 7.06 Compensation of Trustee 83 Section 7.07 Maintenance of Office 84 Section 7.08 Successor Trustee 84 Section 7.09 Resignation by the Trustee 84 Section 7.10 Removal of the Trustee 85 Section 7.11 Appointment of Successor Trustee 85 Section 7.12 Concerning Any Successor Trustee 85 Section 7.13 Successor Trustee as Trustee, Paying Agent and Bond Xxxxxxxxx 00 Section 7.14 Servicing the Bond Mortgage Loan 86 Section 7.15 Co-Trustee or Separate Trustee 86 Section 7.16 Compliance of Borrower Under Regulatory Agreement 88 Section 7.17 Record of Advances and Xxxxxxx Mac Reimbursement Amounts 88 Section 7.18 Filing of Financing Statements 89 ARTICLE VIII
Default Provisions and Remedies of Trustee and Bondholders. Section 1101. Defaults; Events of Default 68 Section 1102. Acceleration 69 Section 1103. Other Remedies 70 Section 1104. Right of Bondholders to Direct Proceeding 70 Section 1105. Application of Moneys 71 Section 1106. Rights and Remedies Vested in Trustee 72 Section 1107. Rights and Remedies of Bondholders 73 Section 1108. Termination of Proceedings 73 Section 1109. Waivers of Events of Default 73
Default Provisions and Remedies of Trustee and Bondholders. 48 Section 9.01 Defaults; Events of Default 48 Section 9.02 Other Remedies 48 Section 9.03 Rights of Holders of Series 2017 Bonds 49
Default Provisions and Remedies of Trustee and Bondholders. Section 1001. DEFAULTS;
Default Provisions and Remedies of Trustee and Bondholders. Section 1001. Events of Default. Each of the following shall be an ------------ ----------------- Event of Default:
Default Provisions and Remedies of Trustee and Bondholders. Section 901. Events of Default. Each of the following events is hereby defined as and shall constitute an "Event of Default" under this Indenture:
AutoNDA by SimpleDocs
Default Provisions and Remedies of Trustee and Bondholders. Section 9.01.
Default Provisions and Remedies of Trustee and Bondholders 

Related to Default Provisions and Remedies of Trustee and Bondholders

  • Remedies of Trustee During the continuance of any Event of Default, so long as such Event of Default shall not have been remedied, the Trustee, in addition to the rights specified in Section 8.01, shall have the right, in its own name as trustee of an express trust, to take all actions now or hereafter existing at law, in equity or by statute to enforce its rights and remedies and to protect the interests, and enforce the rights and remedies, of the Certificateholders (including the institution and prosecution of all judicial, administrative and other proceedings and the filing of proofs of claim and debt in connection therewith). Except as otherwise expressly provided in this Agreement, no remedy provided for by this Agreement shall be exclusive of any other remedy, and each and every remedy shall be cumulative and in addition to any other remedy and no delay or omission to exercise any right or remedy shall impair any such right or remedy or shall be deemed to be a waiver of any Event of Default.

  • Remedies of the Trustee and Securityholders on Event of Default SECTION 5.1 Event of Default Defined; Acceleration of Maturity; Waiver of Default. "

  • Limitation of Liability of Trustee and Indenture Trustee (a) Notwithstanding anything contained herein to the contrary, this Agreement has been countersigned by Wilmington Trust Company, not in its individual capacity but solely in its capacity as Trustee of the Issuing Entity, and in no event shall Wilmington Trust Company, in its individual capacity or any beneficial owner of the Issuing Entity have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuing Entity hereunder or in any of the certificates, notices or agreements delivered pursuant hereto, as to all of which recourse shall be had solely to the assets of the Issuing Entity.

  • Rights and Remedies of Lender In the event of an Event of Default under the Note or the other Loan Documents, or any of them, that is continuing (it being understood that the Lender has no obligation to accept cure after an Event of Default occurs), Lender shall have the right to enforce its rights, powers and remedies thereunder or hereunder or under any other Loan Document, in any order, and all rights, powers and remedies available to Lender in such event shall be nonexclusive and cumulative of all other rights, powers and remedies provided thereunder or hereunder or by law or in equity. Accordingly, Guarantors hereby authorize and empower Lender upon the occurrence and during the continuance of any Event of Default under the Note or the other Loan Documents, at its sole discretion, and without notice to Guarantors, to exercise any right or remedy which Lender may have, including, but not limited to, foreclosure, exercise of rights of power of sale, acceptance of a deed or assignment in lieu of foreclosure, appointment of a receiver, exercise of remedies against personal property, or enforcement of any assignment of leases, as to any security, whether real, personal or intangible. At any public or private sale of any security or collateral for any of the Obligations guaranteed hereby (it being understood that as of the Closing Date, the Obligations are unsecured), whether by foreclosure or otherwise, Lender may, in its discretion, purchase all or any part of such security or collateral so sold or offered for sale for its own account and may apply against the amount bid therefor all or any part of the balance due it pursuant to the terms of the Note or any of the other Loan Document without prejudice to Xxxxxx’s remedies hereunder against Guarantors for deficiencies. If the Obligations guaranteed hereby are partially paid by reason of the election of Lender to pursue any of the remedies available to Lender, or if such Obligations are otherwise partially paid, this Guaranty shall nevertheless remain in full force and effect, and Guarantors shall remain liable for the entire balance of the Obligations guaranteed hereby even though any rights which any Guarantor may have against Borrower or any other Person may be destroyed or diminished by the exercise of any such remedy.

  • RIGHTS AND REMEDIES ON DEFAULT If an Event of Default occurs under this Agreement, at any time thereafter, Lender may exercise any one or more of the following rights and remedies: Accelerate Indebtedness. Declare all Indebtedness, including any prepayment penalty which Grantor would be required to pay, immediately due and payable, without notice of any kind to Grantor.

  • Limitation of Liability of Indenture Trustee and Owner Trustee (a) Notwithstanding anything contained herein to the contrary, this Agreement has been acknowledged and accepted by Deutsche Bank Trust Company Americas, not in its individual capacity but solely as Indenture Trustee and in no event shall Deutsche Bank Trust Company Americas have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuing Entity hereunder or in any of the certificates, notices or agreements delivered pursuant hereto, as to all of which recourse shall be had solely to the assets of the Issuing Entity. For all purposes of this Agreement, in the performance of its duties or obligations hereunder or in the performance of any duties or obligations of the Issuing Entity hereunder, the Indenture Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Article VI of the Indenture.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!