No Obligation to Enforce Assigned Rights. Notwithstanding anything to the contrary in this Trust Agreement, the Issuer shall have no obligation to and instead the Trustee and/or the Administrator, as the case may be, in accordance with this Trust Agreement, shall have the right, without any direction from or action by the Issuer, to take any and all steps, actions and proceedings, to enforce any or all rights of the Issuer (other than the Issuer Unassigned Rights) under this Trust Agreement, including, without limitation, the rights to enforce remedies upon the occurrence and continuing of any event of default hereunder.
No Obligation to Enforce Assigned Rights. Notwithstanding anything to the contrary in this Loan Agreement, the Issuer shall have no obligation to and instead the Trustee may, without further direction from the Issuer, take any and all steps, actions and proceedings, to enforce any or all rights of the Issuer (other than the Reserved Rights and any other rights specifically retained by the Issuer pursuant to the Indenture) under the Indenture or this Loan Agreement, including, without limitation, the rights to enforce the remedies upon the occurrence and continuation of an Event of Default and the obligations of the Borrower hereunder.
No Obligation to Enforce Assigned Rights. Notwithstanding anything to the contrary in this Loan Agreement or the Indenture, the Issuer shall have no obligation to and instead the Trustee, in accordance with this Loan Agreement and the Indenture, shall have the right, without any direction from or action by the Issuer, but with the consent of the Bondholder Representative, to take any and all steps, actions and proceedings, to enforce any or all rights of the Issuer under this Loan Agreement and the Indenture (other than the Issuer’s Unassigned Rights), including, without limitation, the rights to enforce the remedies upon the occurrence and continuation of an Event of Default and the obligations of the Borrower under this Loan Agreement.
No Obligation to Enforce Assigned Rights. Notwithstanding anything to the contrary in this Series 2022A Loan Agreement or the Series 2022A Bond Indenture, the Issuer shall have no obligation to and instead the Bond Trustee and/or the Bondholders, as the case may be, in accordance with this Series 2022A Loan Agreement or the Series 2022A Bond Indenture (as applicable), shall have the right, without any direction from or action by the Issuer, to take any and all steps, actions, and proceedings, to enforce any or all rights of the Issuer (other than the Unassigned Rights) under this Series 2022A Loan Agreement or the Series 2022A Bond Indenture, including without limitation the rights to enforce the remedies upon the occurrence and continuation of a Loan Event of Default or an Event of Default and the obligations of the Borrower under this Series 2022A Loan Agreement.
