Common use of Judicial Proceedings Instituted by Certificate Trustee Clause in Contracts

Judicial Proceedings Instituted by Certificate Trustee. Certificate Trustee May Bring Suit. (a) If there shall be a failure to make ---------------------------------- payment of the principal of or interest on any Note, then the Certificate Trustee, in its own name, and as trustee of an express trust, as holder of such Note, if directed in writing by the Holders of a majority of the Outstanding Amount of the Certificates of all Series but subject to the provisions of Section 6.02 hereof, shall be, to the extent permitted by and in accordance with the terms of the Notes, entitled and empowered to institute any suits, actions or proceedings at law, in equity or otherwise, including the power to make a demand on the Note Trustee to take action under the Note Indenture to enforce the Notes, for the collection of the sums so due and unpaid on such Note and may prosecute any such claim or proceeding to judgment or final decree with respect to the whole amount of any such sums so due and unpaid.

Judicial Proceedings Instituted by Certificate Trustee. Certificate Trustee May Bring Suit. (a) If there shall be a failure to make ---------------------------------- payment of the principal of or premium, if any, or interest on any Note, then the Certificate Trustee, in its own name, and as trustee of an express trust, as holder of such Note, if directed in writing by the Holders of a majority of the Outstanding Amount of the Certificates of all Series but subject to the provisions of Section 6.02 hereof, shall be, to the extent permitted by and in accordance with the terms of the Notes, entitled and empowered to institute any suits, actions or proceedings at law, in equity or otherwise, including the power to make a demand on the Note Trustee to take action under the Note Indenture to enforce the Notes, for the collection of the sums so due and unpaid on such Note and may prosecute any such claim or proceeding to judgment or final decree with respect to the whole amount of any such sums so due and unpaid.

Judicial Proceedings Instituted by Certificate Trustee. Certificate Trustee May Bring Suit. (a) If there shall be a failure to make ---------------------------------- payment of the principal of or interest on any Note, then the Certificate Trustee, in its own name, and as trustee of an express trust, as holder of such Note, if directed in writing by the Holders of a majority of the Outstanding Amount of the Certificates of all Series but subject to the provisions of Section 6.02 hereofArticle VI, shall be, to the extent permitted by and in accordance with the terms of the Notes, entitled and empowered to institute any suits, actions or proceedings at law, in equity or otherwise, including the power to make a demand on the Note Trustee to take action under the Note Indenture to enforce the Notes, for the collection of the sums so due and unpaid on such Note and may prosecute any such claim or proceeding to judgment or final decree with respect to the whole amount of any such sums so due and unpaid.