Common use of Institution of Legal Proceedings Clause in Contracts

Institution of Legal Proceedings. If one or more Events of Default shall happen and be continuing, the Trust Administrator in its discretion may, and upon the written request of the Owners of a majority in principal amount of the Certificates then Outstanding, and upon being indemnified to its satisfaction therefor, shall, proceed to protect or enforce its rights or the rights of the Owners of Certificates by a suit in equity or action at law, for the specific performance of any covenant or agreement contained herein, or in aid of the execution of any power herein granted, or by mandamus or other appropriate proceeding for the enforcement of any other legal or equitable remedy as the Trust Administrator shall deem most effectual to enforce any of its rights or duties hereunder.

Institution of Legal Proceedings. If one or more Events of Default shall happen and be continuing, the Trust Administrator in its discretion Trustee may, and or upon the written request of the Owners of a majority not less than 25% in aggregate principal amount of the Certificates then Outstanding, Outstanding and upon being indemnified to its satisfaction therefor, therefor shall, proceed to protect or enforce its rights or the rights of the Owners of Certificates by a suit in equity or action at law, either for the specific performance of any covenant or agreement contained herein, the foreclosure of any lien granted herein, or in aid of the execution of any power herein granted, or by mandamus or other appropriate proceeding for the enforcement of any other legal or equitable remedy as the Trust Administrator Trustee shall deem most effectual to enforce in support of any of its rights or duties hereunder.

Institution of Legal Proceedings. If one or more Events of Default shall happen and be continuing, the Trust Administrator Trustee in its discretion may, and upon the written request of the Owners of a majority in principal amount Aggregate Value of the Certificates then Outstanding, and upon being indemnified to its satisfaction therefor, shall, proceed to protect or enforce its rights or the rights of the Owners of Certificates by a suit in equity or action at law, either for the specific performance of any covenant or agreement contained herein, the foreclosure of any lien granted herein, or in aid of the execution of any power herein granted, or by mandamus or other appropriate proceeding for the enforcement of any other legal or equitable remedy as the Trust Administrator Trustee shall deem most effectual to enforce in support of any of its rights or duties hereunder.

Institution of Legal Proceedings. If one or more Events of Default shall happen occur and be are continuing, the Trust Administrator Trustee in its discretion may, and upon the written request of the Owners of a majority in principal amount of the Certificates then Outstanding, and upon being indemnified to its satisfaction therefor, shall, proceed to protect or enforce its rights or the rights of the Owners of Certificates by a suit in equity or action at law, either for the specific performance of any covenant or agreement contained herein, or in aid of the execution of any power herein granted, or by mandamus or other appropriate proceeding for the enforcement of any other legal or equitable remedy as the Trust Administrator Trustee shall deem most effectual to enforce in support of any of its rights or duties hereunder.

Institution of Legal Proceedings. If one or more Events of Default shall happen and be continuing, the Trust Administrator in its discretion Trustee may, and or upon the written request of the Owners of a majority not less than 25% in aggregate principal amount of the Certificates then Outstanding, Outstanding and upon being indemnified to its satisfaction therefor, therefor shall, proceed to protect or enforce its rights or the rights of the Owners of Certificates by a suit in equity or action at law, either for the specific performance of any covenant or agreement contained herein, or in aid of the execution of any power herein granted, or by mandamus or other appropriate proceeding for the enforcement of any other legal or equitable remedy as the Trust Administrator Trustee shall deem most effectual to enforce in support of any of its rights or duties hereunder.

Institution of Legal Proceedings. If one or more Events of Default shall happen and be continuing, the Trust Administrator Trustee in its discretion may, and upon the written request of the Owners of a majority in principal amount of the Certificates then Outstanding, and upon being indemnified to its satisfaction therefor, shall, proceed to protect or enforce its rights or the rights of the Owners of Certificates by a suit in equity or action at law, for the specific performance of any covenant or agreement contained herein, or in aid of the execution of any power herein granted, or by mandamus or other appropriate proceeding for the enforcement of any other legal or equitable remedy as the Trust Administrator Trustee shall deem most effectual to enforce any of its rights or duties hereunder.

Institution of Legal Proceedings. If one or more Events of Default shall will happen and be continuingcontinuing with respect to the Lease, the Trust Administrator Trustee in its discretion may, and upon the written request of the Owners of a majority in principal amount of the Certificates then Outstanding, Outstanding and upon being indemnified to its satisfaction therefor, shallwill, proceed to protect or enforce its rights or the rights of the Owners of the Certificates by a suit in equity or action at law, either for the specific performance of any covenant or agreement contained herein, or in aid of the execution of any power herein granted, or by mandamus or other appropriate proceeding for the enforcement of any other legal or equitable remedy as the Trust Administrator shall Trustee will deem most effectual to enforce in support of any of its their rights or duties hereunder.

Institution of Legal Proceedings. If one or more Events of Default shall happen and be continuing, the Trust Administrator Trustee in its discretion may, and upon the written request of the Owners of a majority in aggregate principal amount of the Certificates then Outstanding, and upon being indemnified to its satisfaction therefor, shall, proceed to protect or enforce its rights or the rights of the Owners of Certificates by a suit in equity or action at law, either for the specific performance of any covenant or agreement contained herein, or in aid of the execution of any power herein granted, or by mandamus or other appropriate proceeding for the enforcement of any other legal or equitable remedy as the Trust Administrator Trustee shall deem most effectual to enforce in support of any of its rights or duties hereunder.

Institution of Legal Proceedings. If one or more Events of Default shall happen occur and be continuing, the Trust Administrator Trustee in its discretion may, and upon the written request of the Owners of a majority in principal amount of the Certificates then OutstandingOutstanding received by the Trustee at its Principal Office, and upon being indemnified to its satisfaction therefor, shall, proceed to protect or enforce its rights or the rights of the Owners of Certificates by a suit in equity or action at law, either for the specific performance of any covenant or agreement contained hereinherein or in the Lease, or in aid of the execution of any power herein granted, or by mandamus or other appropriate proceeding for the enforcement of any other legal or equitable remedy as the Trust Administrator Trustee shall deem most effectual to enforce in support of any of its rights or duties hereunder.

Institution of Legal Proceedings. If one or more Events of Default shall happen happens and be continuingcontinues, the Trust Administrator in its discretion may, and upon the written request of the Owners of a majority in principal amount of the Certificates Certificate then Outstanding, and upon being indemnified to its satisfaction therefor, shall, proceed to protect or enforce its rights or the rights of the Owners of Certificates Certificate by a suit in equity or action at law, for the specific performance of any covenant or agreement contained herein, or in aid of the execution of any power herein granted, or by mandamus or other appropriate proceeding for the enforcement of any other legal or equitable remedy as the Trust Administrator shall deem most effectual to enforce any of its rights or duties hereunder.

Institution of Legal Proceedings. If one or more Events of Default shall happen happens and be is continuing, the Trust Administrator Trustee in its discretion may, and upon the written request of the Owners of a majority in principal amount of the Certificates then Outstanding, and upon being indemnified to its satisfaction therefor, shall, proceed to protect or enforce its rights or the rights of the Owners of Certificates by a suit in equity or action at law, either for the specific performance of any covenant or agreement contained herein, or in aid of the execution of any power herein granted, or by mandamus or other appropriate proceeding for the enforcement of any other legal or equitable remedy as the Trust Administrator Trustee shall deem most effectual to enforce in support of any of its rights or duties hereunder.