Common use of JUDGMENT AGAINST CORPORATION Clause in Contracts

JUDGMENT AGAINST CORPORATION. The Corporation covenants and agrees with the Trustee that, in case of any proceedings to obtain judgment for the principal of or interest or premium on the Debt Securities, judgment may be rendered against it in favour of the Debt Security holders hereunder, or in favour of the Trustee, as trustee of an express trust for the Debt Security holders, for any amount which may remain due in respect of the Debt Securities and premium (if any) and interest thereon.

JUDGMENT AGAINST CORPORATION. The Corporation covenants and agrees with the Trustee that, in case of any proceedings to obtain judgment for the principal of or interest or premium on the Debt SecuritiesDebentures, judgment may be rendered against it in favour of the Debt Security Debenture holders hereunder, or in favour of the Trustee, as trustee of an express trust for the Debt Security Debenture holders, for any amount which may remain due in respect of the Debt Securities Debentures and premium (if any) and interest thereon.