DEFAULTS UNDER CLASS A MORTGAGES Sample Clauses

DEFAULTS UNDER CLASS A MORTGAGES. In addition to every other right and remedy provided herein, the Trustee may (but shall not be obligated to) exercise any right or remedy available to the Trustee in its capacity as owner and holder of Class A Bonds which arises as a result of a default or matured event of default under any Class A Mortgage, whether or not an Event of Default shall then have occurred and be continuing.
AutoNDA by SimpleDocs
DEFAULTS UNDER CLASS A MORTGAGES. In addition to every other right and remedy provided herein, the Trustee may exercise any right or remedy available to the Trustee in its capacity as owner and holder of Pledged Bonds which arises as a result of a default or Matured Event of Default under any Class “A” Mortgage, whether or not an Event of Default shall then have occurred and be continuing.
DEFAULTS UNDER CLASS A MORTGAGES. In addition to every other right and remedy provided herein, the Trustee may (but shall not be obligated to) exercise any right or remedy available to the Trustee in its capacity as owner and holder of Class A Bonds which arises as a result of a default or matured event of default under any Class A Mortgage, whether or not a Default shall then have occurred and be continuing. The Trustee shall give to the trustee under each Class A Mortgage a copy of each notice of default given to the bondholders pursuant to Section 66 hereof. In addition, the Trustee shall give to the bondholders copies of each notice of default under any Class A Mortgage given to the Trustee in its capacity as owner and holder of Class A Bonds delivered thereunder. The amendment of the Mortgage to add a new Section which reads substantially as follows:

Related to DEFAULTS UNDER CLASS A MORTGAGES

  • Defaults Under Other Agreements The occurrence of a default or an event of default under any other financing arrangement pursuant to which such Seller Party is a debtor or an obligor.

Time is Money Join Law Insider Premium to draft better contracts faster.