Effect of Discontinuance or Abandonment. If any proceeding taken by the Trustee on account of any default has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee, then HRTAC, the Trustee, and the Owners will be restored to their former positions and rights under this Master Indenture and all rights, remedies and powers of the Trustee will continue as though no such proceeding had been taken.
Appears in 3 contracts
Samples: Master Indenture of Trust, Master Indenture of Trust, Master Indenture of Trust
Effect of Discontinuance or Abandonment. If any proceeding taken by the Trustee on account of any default has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee, then HRTACNVTC, the Trustee, and the Owners will be restored to their former positions and rights under this Master Indenture and all rights, remedies and powers of the Trustee will continue as though no such proceeding had been taken.
Appears in 3 contracts
Samples: Master Indenture of Trust, www.vre.org, www.vre.org
Effect of Discontinuance or Abandonment. If any proceeding taken by the Trustee on account of any default Event of Default has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee, then HRTACthe Authority, the Trustee, Trustee and the Owners will be restored to their former positions and rights under this Master Indenture and all rights, remedies and powers of the Trustee will continue as though no such proceeding had been taken.
Appears in 2 contracts
Samples: Trust Indenture, Trust Indenture
