Common use of Legal Proceedings by Trustee Clause in Contracts

Legal Proceedings by Trustee. If any Event of Default has occurred and is continuing, the Trustee in its discretion may, and upon the written request of the Registered Owners of 25% or more in principal amount of the Bonds then Outstanding and receipt of indemnity to its sole satisfaction shall, in its own name;

Appears in 8 contracts

Samples: Trust Indenture (York Water Co), Trust Indenture (York Water Co), Trust Indenture (York Water Co)

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Legal Proceedings by Trustee. If any Event of Default has occurred and is continuing, the Trustee in its discretion may, and upon the written request of the Credit Facility Issuer or the Registered Owners of not less than 25% or more in aggregate principal amount of the all Bonds then Outstanding and receipt of indemnity to its sole satisfaction shall, in its own name;:

Appears in 3 contracts

Samples: Trust Indenture (Performance Food Group Co), Loan Agreement (Genlyte Group Inc), Trust Indenture (Corrections Corporation of America)

Legal Proceedings by Trustee. If any Event of Default has occurred and is continuing, the Trustee in its discretion may, and upon the written request of the Registered Owners holders of not less than 25% or more in aggregate principal amount of the all Bonds then Outstanding and receipt of indemnity and/or security to its sole satisfaction shall, in its own name;:

Appears in 2 contracts

Samples: Trust Indenture (Entergy Arkansas Inc), Trust Indenture (Entergy Arkansas Inc)

Legal Proceedings by Trustee. If any Event of Default has occurred and is continuing, the Trustee in its discretion may, and upon the written request of the Registered Owners owners of 25% or more in principal amount of the all Bonds then Outstanding and receipt of indemnity to its sole satisfaction shall, in its own name;:

Appears in 1 contract

Samples: Spurlock Industries Inc

Legal Proceedings by Trustee. If any Event of Default has occurred and is continuing, the Trustee in its discretion may, and upon the written request of the Registered Owners of 25% or more a majority in principal amount of the all Bonds then Outstanding and receipt of indemnity to its sole satisfaction shall, in its own name;:

Appears in 1 contract

Samples: Trust Indenture (Werner Holding Co Inc /Pa/)

Legal Proceedings by Trustee. If any Event of Default has occurred and is continuing, the Trustee in its discretion may, and upon the written request of the Registered Owners of twenty-five per centum (25% or more %) in aggregate principal amount of the all Bonds then Outstanding and receipt of indemnity to its sole satisfaction shall, in its own name;name as Trustee:

Appears in 1 contract

Samples: Trust Indenture (System Energy Resources Inc)

Legal Proceedings by Trustee. If any Event of Default has occurred and is continuing, the Trustee in its discretion may, and upon the written request of the Registered Owners owners of 25% or more a majority in principal amount of the all Bonds then Outstanding and receipt of indemnity to its sole satisfaction shall, subject to the provisions of Article XII hereof, in its own name;:

Appears in 1 contract

Samples: Trust Indenture (Environmental Power Corp)

Legal Proceedings by Trustee. If any Event of Default has occurred and is continuing, the Trustee in its discretion may, and upon the written request of the Registered Owners owners of 25% or more in principal amount of the Bonds all Notes then Outstanding and receipt of indemnity to its sole satisfaction shall, in its own name;:

Appears in 1 contract

Samples: Aerovox Inc

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Legal Proceedings by Trustee. If any Event of Default with respect to a Series of Bonds has occurred and is continuing, the Trustee Trustee, in its discretion may, and upon the written request of the Registered Owners Holders of 25% or more in not less than a majority of the aggregate principal amount of the Outstanding Bonds then Outstanding of such Series and receipt of indemnity to its sole satisfaction shall, in its own name;:

Appears in 1 contract

Samples: Master Trust Indenture

Legal Proceedings by Trustee. If any Event of Default has occurred and is continuing, the Trustee in its discretion may, and upon the written request of the Registered Owners Credit Facility Issuer or holders of not less than 25% or more in principal amount of the Bonds then Outstanding (with the consent of the Credit Facility Issuer, provided such consent shall not be required where suit will be brought upon the Credit Facility, if any) and receipt of indemnity to its sole satisfaction shall, in its own name;name undertake the following actions:

Appears in 1 contract

Samples: Trust Indenture (Jersey Central Power & Light Co)

Legal Proceedings by Trustee. If Subject to the provisions of Section 10.02 hereof, if any Event of Default has occurred and is continuing, the Trustee in its discretion may, and upon the written request of the Registered Owners of not less than 25% or more in aggregate principal amount of the Bonds then Outstanding and receipt of indemnity to its sole satisfaction shall, in its own name;:

Appears in 1 contract

Samples: Indenture (Sterigenics International)

Legal Proceedings by Trustee. If any Event of Default has occurred and is continuing, the Trustee in its discretion may, and upon the written request of the Registered Owners of 25% or more in principal amount of the Bonds then Outstanding and receipt of indemnity to its sole satisfaction shall, in its own name;

Appears in 1 contract

Samples: Trust Indenture (Alabama Power Co)

Legal Proceedings by Trustee. If any Event event of Default default has occurred and is continuing, the Trustee in its discretion may, and upon the written request of the Registered Owners holders of not less than 25% or more in aggregate principal amount of the all Bonds then Outstanding outstanding and receipt of indemnity to its sole satisfaction shall, in its own name;:

Appears in 1 contract

Samples: Gulf Power Co

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