Effect on Discontinuance of Proceedings Sample Clauses

Effect on Discontinuance of Proceedings. In case any proceeding taken by the Agency under this Agreement or under any other Project Document on account of any Event of Default hereunder or thereunder shall have been discontinued or abandoned for any reason or shall have been determined adversely to the Agency, then, and in every such case, the Agency shall be restored to its former position and rights hereunder and thereunder, and all rights, remedies, powers and duties of the Agency shall continue as in effect prior to the commencement of such proceedings.
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Effect on Discontinuance of Proceedings. In case any proceeding taken by the Trustee under the Indenture or this Agreement or under any other Security Document on account of any Event of Default hereunder or under the Indenture shall have been discontinued or abandoned for any reason or shall have been determined adversely to the Trustee, then, and in every such case, the Agency, the Trustee and the Holders of the Bonds shall be restored, respectively, to their former positions and rights hereunder and thereunder, and all rights, remedies, powers and duties of the Trustee shall continue as in effect prior to the commencement of such proceedings.
Effect on Discontinuance of Proceedings. In case any proceeding taken by the XXX under this Agreement on account of any Event of Default hereunder shall have been discontinued or abandoned for any reason or shall have been determined adversely to the XXX, then and in every such case, the XXX shall be restored, respectively, to its former position and rights hereunder, and all rights, remedies, powers, and duties of the XXX shall continue as in effect prior to the commencement of such proceedings.
Effect on Discontinuance of Proceedings. In the event any proceeding taken by STEG under this Agreement on account of any Event of Default hereunder shall have been discontinued or abandoned for any reason or shall have been determined adversely to STEG, the and in every such case, STEG shall be restored, respectively, to its former position and rights hereunder, and all rights, remedies, powers and duties of STEG shall continue as in effect prior to the commencement of such proceedings.
Effect on Discontinuance of Proceedings. In case any proceeding taken by the Lender under the Loan Documents on account of any Event of Default shall have been discontinued or abandoned for any reason or shall have been determined adversely to the Lender, then, and in every such case, to the fullest extent permitted by law the Borrower and the Lender shall be restored, respectively, to their former positions and rights thereunder, and all rights, remedies, powers, and duties of the Lender shall continue as in effect prior to the commencement of such proceedings.
Effect on Discontinuance of Proceedings. In case any --------------------------------------- proceeding taken by the Agency or the Bondholder on account of any Event of Default under this Lease Agreement or under the Mortgage Agreement shall have been discontinued or abandoned for any reason or shall have been determined adversely to the Agency or the Bondholder, then, and in every such case, the Agency and the Bondholder shall be restored, respectively, to their former positions and rights thereunder, and all rights, remedies, powers and duties of the Agency or the Bondholder continue as in effect prior to the commencement of such proceedings.
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Effect on Discontinuance of Proceedings. In case any proceeding taken by the Issuer, the Initial Purchaser or the Trustee under the Indenture or this Agreement or under any other Security Document on account of any Event of Default hereunder or thereunder shall have been discontinued or abandoned for any reason or shall have been determined adversely to the Issuer or the Trustee, then, and in every such case, the Issuer, the Initial Purchaser the Trustee and the Holders of the Bonds shall be restored, respectively, to their former positions and rights hereunder and thereunder, and all rights, remedies, powers and duties of the Issuer and the Trustee shall continue as in effect prior to the commencement of such proceedings.
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