Limited Resource – No Further Recovery Sample Clauses

Limited Resource – No Further Recovery. If the sole recourse under the Security Interest granted to the Trustee in the Secured Assets has been exhausted and there is a deficiency remaining due in respect of the Debentures, the Corporation will seek an opinion from a lawyer, accountant or other appropriately qualified professional acceptable to the Trustee, addressed to both the Corporation and the Trustee, as to whether further recovery under the Security Interest is likely. If such opinion is to the effect that further recovery thereunder is unlikely, the Corporation will within 21 Business Days of its receiving such opinion provide the Trustee with an Officers’ Certificate as to the amount of the deficiency which will result to each of the Debentureholders for which they will have no recourse by reason of the provisions of Section 5.1 of this Indenture. The Corporation shall cause the Trustee to, within 30 days following its receipt of a copy of the opinion and the Officers’ Certificate referred to in the immediately preceding paragraph, send to each Holder a copy of such opinion together with a statement as to the amount of the deficiency as specified in such Officers’ Certificate that will result to such Holder. In such event and conditional upon the Trustee giving such notification, the Trustee may thereafter resign its trusts hereunder by giving notice in writing to the Corporation and the Debentureholders at least 21 Business Days before the resignation is to become effective and the Trustee shall be discharged from all further duties and liabilities hereunder upon the effective date of such resignation. If the Trustee resigns pursuant to this Section 5.16, no replacement or substitute trustee shall be appointed.
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