Common use of Optional Preservation of the Collateral Clause in Contracts

Optional Preservation of the Collateral. If the Notes of any Series have been declared to be due and payable under Section 5.03 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, and Indenture Trustee has not received directions from the Noteholders pursuant to Section 5.12, Indenture Trustee may, but need not, elect to maintain possession of the portion of the Collateral which secures such Notes and apply proceeds of the Collateral to make payments on such Notes to the extent such proceeds are available therefor. In determining whether to maintain possession of the Collateral, Indenture Trustee may, but need not, obtain and conclusively rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Collateral for such purpose.

Optional Preservation of the Collateral. If the Notes ---------------------------------------- of any all Series have been declared to be due and payable under Section 5.03 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, and Indenture Trustee has not received directions from the Noteholders pursuant to Section 5.12, Indenture Note Trustee may, but need not, elect to maintain possession of the portion Collateral. It is the desire of the Collateral which secures parties hereto and the Noteholders that there be at all times sufficient funds for the payment of principal of and premium, if any, and interest on the Notes, and the Note Trustee shall take such Notes and apply proceeds desire into account when determining whether or not to maintain possession of the Collateral to make payments on such Notes to the extent such proceeds are available thereforCollateral. In determining whether to maintain possession of the Collateral, Indenture the Note Trustee may, but need not, obtain and conclusively rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Collateral for such purpose.

Optional Preservation of the Collateral. If the Notes of any Series --------------------------------------- have been declared to be due and payable under Section 5.03 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, and Indenture Trustee has not received directions from the Noteholders pursuant to Section 5.12, Indenture Trustee may, but need not, elect to maintain possession of the portion Collateral. It is the desire of the Collateral which secures parties hereto and the Noteholders that there be at all times sufficient funds for the payment of interest and, ultimately, principal on and any Deferred Amounts with respect to the Notes, and the Indenture Trustee shall take such Notes and apply proceeds desire into account when determining whether or not to maintain possession of the Collateral to make payments on such Notes to the extent such proceeds are available thereforCollateral. In determining whether to maintain possession of the Collateral, the Indenture Trustee may, but need not, obtain and conclusively rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Collateral for such purpose.

Optional Preservation of the Collateral. If the Notes --------------------------------------- of any all Series have been declared to be due and payable under Section 5.03 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, and Indenture Trustee has not received directions from the Noteholders pursuant to Section 5.12, Indenture Note Trustee may, but need not, elect to maintain possession of the portion Collateral. It is the desire of the Collateral which secures parties hereto and the Noteholders that there be at all times sufficient funds for the payment of principal of and premium, if any, and interest on the Notes, and the Note Trustee shall take such Notes and apply proceeds desire into account when determining whether or not to maintain possession of the Collateral to make payments on such Notes to the extent such proceeds are available thereforCollateral. In determining whether to maintain possession of the Collateral, Indenture the Note Trustee may, but need not, obtain and conclusively rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Collateral for such purpose.

Optional Preservation of the Collateral. If the Notes of any Series have been declared to be due and payable under Section 5.03 SECTION 5.02 hereof following an Event of Default and such declaration and its consequences have not been rescinded and annulled, and Indenture Trustee has not received directions from the Noteholders pursuant to Section 5.12, Indenture Trustee may, but need not, elect to maintain possession of the portion Collateral. It is the desire of the Collateral which secures parties hereto and the Noteholders that there be at all times sufficient funds for the payment of principal of and interest on the Notes, and the Indenture Trustee shall take such Notes and apply proceeds desire into account when determining whether or not to maintain possession of the Collateral to make payments on such Notes to the extent such proceeds are available thereforCollateral. In determining whether to maintain possession of the Collateral, the Indenture Trustee may, but need not, obtain and conclusively rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Collateral for such purpose.

Optional Preservation of the Collateral. If the Notes of any Series have been declared to be due and payable under Section 5.03 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, and Indenture Trustee has not received directions from the Noteholders pursuant to Section 5.12, Indenture Trustee may, but need not, elect to maintain possession of the portion Collateral. It is the desire of the Collateral which secures parties hereto and the Noteholders that there be at all times sufficient funds for the payment of interest and, ultimately, principal on and any Deferred Amounts with respect to the Notes, and the Indenture Trustee shall take such Notes and apply proceeds desire into account when determining whether or not to maintain possession of the Collateral to make payments on such Notes to the extent such proceeds are available thereforCollateral. In determining whether to maintain possession of the Collateral, the Indenture Trustee may, but need not, obtain and conclusively rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Collateral for such purpose.

Optional Preservation of the Collateral. If the Notes of any Series have been declared to be due and payable under Section 5.03 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, and Indenture Trustee has not received directions from the Noteholders pursuant to Section 5.12, Indenture Trustee may, but need not, elect to maintain possession of the portion Collateral. It is the desire of the Collateral which secures parties hereto and the Noteholders that there be at all times sufficient funds for the payment of principal of and interest on the Notes, and the Indenture Trustee shall take such Notes and apply proceeds desire into account when determining whether or not to maintain possession of the Collateral to make payments on such Notes to the extent such proceeds are available thereforCollateral. In determining whether to maintain possession of the Collateral, the Indenture Trustee may, but need not, obtain and conclusively rely upon an opinion (at the expense of the Issuer) of an Independent investment banking or accounting firm of national reputation as to the feasibility of Of such proposed action and as to the sufficiency of the Collateral for such purpose.

Optional Preservation of the Collateral. If the --------------------------------------- Notes of any Series have been declared to be due and payable under Section 5.03 5.02 hereof ------------ following an Event of Default and such declaration and its consequences have not been rescinded and annulled, and Indenture Trustee has not received directions from the Noteholders pursuant to Section 5.12, Indenture Trustee may, but need not, elect to maintain possession of the portion Collateral. It is the desire of the Collateral which secures parties hereto and the Noteholders that there be at all times sufficient funds for the payment of principal of and interest on the Notes, and the Indenture Trustee shall take such Notes and apply proceeds desire into account when determining whether or not to maintain possession of the Collateral to make payments on such Notes to the extent such proceeds are available thereforCollateral. In determining whether to maintain possession of the Collateral, the Indenture Trustee may, but need not, obtain and conclusively rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Collateral for such purpose.

Optional Preservation of the Collateral. If the Notes of any Series have been declared to be due and payable under Section 5.03 5.2(a) following an Event of Default and such declaration and its consequences have not been rescinded and annulledannulled in accordance with Section 5.2(b), and Indenture Trustee has not received directions from the Noteholders pursuant to Section 5.12, Indenture Trustee may, but need not, elect to take and maintain possession of the portion Collateral. It is the desire of the Collateral which secures parties hereto and the Noteholders that there be at all times sufficient funds for the payment of principal of and interest on the Notes, and the Indenture Trustee shall take such Notes desire into account when determining whether or not to take and apply proceeds maintain possession of the Collateral to make payments on such Notes to the extent such proceeds are available thereforCollateral. In determining whether to take and maintain possession of the Collateral, the Indenture Trustee may, but need not, obtain and conclusively rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Collateral for such purpose.

Optional Preservation of the Collateral. If the Notes of any --------------------------------------- all Series have been declared to be due and payable under Section 5.03 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, and Indenture Trustee has not received directions from the Noteholders pursuant to Section 5.12, Indenture Note Trustee may, but need not, elect to maintain possession of the portion Collateral. It is the desire of the Collateral which secures parties hereto and the Noteholders that there be at all times sufficient funds for the payment of principal of and premium, if any, and interest on the Notes, and the Note Trustee shall take such Notes and apply proceeds desire into account when determining whether or not to maintain possession of the Collateral to make payments on such Notes to the extent such proceeds are available thereforCollateral. In determining whether to maintain possession of the Collateral, Indenture the Note Trustee may, but need not, obtain and conclusively rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Collateral for such purpose.

Optional Preservation of the Collateral. If the Notes of any Series have been declared to be due and payable under Section 5.03 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, and Indenture Trustee has not received directions from the Noteholders pursuant to Section 5.12, Indenture Trustee may, but need not, elect to maintain possession of the portion Collateral. It is the desire of the Collateral which secures parties hereto and the Noteholders that there be at all times sufficient funds for the payment of principal of and interest on the Notes, and the Indenture Trustee shall take such Notes and apply proceeds desire into account when determining whether or not to maintain possession of the Collateral to make payments on such Notes to the extent such proceeds are available thereforCollateral. In determining whether to maintain possession of the Collateral, the Indenture Trustee may, but need not, obtain and be fully protected in relying conclusively rely upon an opinion (at the expense of the Issuing Entity) of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Collateral for such purpose.

Optional Preservation of the Collateral. If the Notes of any Series have been declared to be due and payable under Section 5.03 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, and Indenture Trustee has not received directions from the Noteholders pursuant to Section 5.12, Indenture Trustee may, but need not, elect to maintain possession of the portion Collateral. It is the desire of the Collateral which secures parties hereto and the Noteholders that there be at all times sufficient funds for the payment of principal of and interest on the Notes, and the Indenture Trustee shall take such Notes and apply proceeds desire into account when determining whether or not to maintain possession of the Collateral to make payments on such Notes to the extent such proceeds are available thereforCollateral. In determining whether to maintain possession of the Collateral, the Indenture Trustee may, but need not, obtain and rely conclusively rely upon an opinion (at the expense of the Issuing Entity) of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Collateral for such purpose.

Optional Preservation of the Collateral. If the Notes of any Series have been declared to be due and payable under Section 5.03 5.2 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, and Indenture Trustee has not received directions from the Noteholders pursuant to Section 5.12, Indenture Trustee may, but need not, elect to maintain possession of the portion Collateral. It is the desire of the Collateral which secures parties hereto and the Registered Owners that there be at all times sufficient funds for the payment of principal of and interest on the Notes, and the Indenture Trustee shall take such Notes and apply proceeds desire into account when determining whether or not to maintain possession of the Collateral to make payments on such Notes to the extent such proceeds are available thereforCollateral. In determining whether to maintain possession of the Collateral, the Indenture Trustee may, but need not, obtain and conclusively rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Collateral for such purpose.

Optional Preservation of the Collateral. If the Notes of any Series --------------------------------------- have been declared to be due and payable under Section 5.03 5.02 hereof following ------------ an Event of Default and such declaration and its consequences have not been rescinded and annulled, and Indenture Trustee has not received directions from the Noteholders pursuant to Section 5.12, Indenture Trustee may, but need not, elect to maintain possession of the portion Collateral. It is the desire of the Collateral which secures parties hereto and the Noteholders that there be at all times sufficient funds for the payment of principal of and interest on the Notes, and the Indenture Trustee shall take such Notes and apply proceeds desire into account when determining whether or not to maintain possession of the Collateral to make payments on such Notes to the extent such proceeds are available thereforCollateral. In determining whether to maintain possession of the Collateral, the Indenture Trustee may, but need not, obtain and conclusively rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Collateral for such purpose.

Optional Preservation of the Collateral. If the Notes of any Series --------------------------------------- have been declared to be due and payable under Section 5.03 5.02 following an ------------ Event of Default and such declaration and its consequences have not been rescinded and annulled, and Indenture Trustee has not received directions from the Noteholders pursuant to Section 5.12, Indenture Trustee may, but need not, elect to maintain possession of the portion Collateral. It is the desire of the Collateral which secures parties hereto and the Noteholders that there be at all times sufficient funds for the payment of principal of and interest on the Notes, and the Indenture Trustee shall take such Notes and apply proceeds desire into account when determining whether or not to maintain possession of the Collateral to make payments on such Notes to the extent such proceeds are available thereforCollateral. In determining whether to maintain possession of the Collateral, the Indenture Trustee may, but need not, obtain and conclusively rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Collateral for such purpose.

Optional Preservation of the Collateral. If the Notes of any Series have been declared to be due and payable under Section 5.03 5.2 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, and the Indenture Trustee shall, if directed by the Note Insurer (or if a Note Insurer Default has not received directions from occured and is continuing, the Noteholders pursuant to Section 5.12, Indenture Trustee may, but need not, ) elect to maintain possession of the portion Collateral. It is the desire of the Collateral which secures parties hereto and the Owners that there be at all times sufficient funds for the payment of principal of and interest on the Notes, and the Indenture Trustee shall take such Notes and apply proceeds desire into account when determining whether or not to maintain possession of the Collateral to make payments on such Notes to the extent such proceeds are available thereforCollateral. In determining whether to maintain possession of the Collateral, the Indenture Trustee may, but need not, obtain and conclusively rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Collateral for such purpose.

Optional Preservation of the Collateral. If the Notes of any Series have --------------------------------------- been declared to be due and payable under Section 5.03 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, and Indenture Trustee has not received directions from the Noteholders pursuant to Section 5.12, Indenture Trustee may, but need not, elect to maintain possession of the portion Collateral. It is the desire of the Collateral which secures parties hereto and the Noteholders that there be at all times sufficient funds for the payment of interest and, ultimately, principal on and any Deferred Amounts with respect to the Notes, and the Indenture Trustee shall take such Notes and apply proceeds desire into account when determining whether or not to maintain possession of the Collateral to make payments on such Notes to the extent such proceeds are available thereforCollateral. In determining whether to maintain possession of the Collateral, the Indenture Trustee may, but need not, obtain and conclusively rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Collateral for such purpose.

Optional Preservation of the Collateral. If the Notes of any Series have been declared to be or are automatically due and payable under Section 5.03 5.2 following an Event of Default and such declaration or automatic occurrence and its consequences have not been rescinded and annulled, and Indenture Trustee has not received directions from if permitted hereunder, the Noteholders pursuant to Section 5.12, Indenture Trustee may, but need not, elect to maintain possession of the portion Collateral and shall continue to apply the proceeds thereof in accordance with Section 5.4(b). It is the intent of the Collateral which secures parties hereto and the Noteholders that there be at all times sufficient funds for the payment of principal of and interest on the Notes, and the Indenture Trustee shall take such Notes and apply proceeds intent into account when determining whether or not to maintain possession of the Collateral to make payments on such Notes to the extent such proceeds are available thereforCollateral. In determining whether to maintain possession of the Collateral, the Indenture Trustee may, but need not, obtain and conclusively rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Collateral for such purpose.

Optional Preservation of the Collateral. If the Notes of any Series have been --------------------------------------- declared to be due and payable under Section 5.03 5.2(a) following an Event of Default and such declaration and its consequences have not been rescinded and annulledannulled in accordance with Section 5.2(b), and Indenture Trustee has not received directions from the Noteholders pursuant to Section 5.12, Indenture Trustee may, but need not, elect to take and maintain possession of the portion Collateral. It is the desire of the Collateral which secures parties hereto and the Noteholders that there be at all times sufficient funds for the payment of principal of and interest on the Notes, and the Indenture Trustee shall take such Notes desire into account when determining whether or not to take and apply proceeds maintain possession of the Collateral to make payments on such Notes to the extent such proceeds are available thereforCollateral. In determining whether to take and maintain possession of the Collateral, the Indenture Trustee may, but need not, obtain and conclusively rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Collateral for such purpose.

Optional Preservation of the Collateral. If the Notes of any Series have been declared to be due and payable under Section 5.03 5.2 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, and Indenture Trustee has not received directions from the Noteholders pursuant to Section 5.12, Indenture Trustee may, but need not, elect to maintain possession of the portion Collateral. It is the desire of the Collateral which secures parties hereto and the Noteholders that there be at all times sufficient funds for the payment of principal of and interest on the Notes, and the Indenture Trustee shall take such Notes and apply proceeds desire into account when determining whether or not to maintain possession of the Collateral to make payments on such Notes to the extent such proceeds are available thereforCollateral. In determining whether to maintain possession of the Collateral, the Indenture Trustee may, but need not, obtain and conclusively rely upon an opinion (at the expense of the Issuer) of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Collateral for such purpose.

Optional Preservation of the Collateral. If the ---------------------------------------- Notes of any all Series have been declared to be due and payable under Section 5.03 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, and Indenture Trustee has not received directions from the Noteholders pursuant to Section 5.12, Indenture Note Trustee may, but need not, elect to maintain possession of the portion Collateral. It is the desire of the Collateral which secures parties hereto and the Noteholders that there be at all times sufficient funds for the payment of principal of and premium, if any, and interest on the Notes, and the Note Trustee shall take such Notes and apply proceeds desire into account when determining whether or not to maintain possession of the Collateral to make payments on such Notes to the extent such proceeds are available thereforCollateral. In determining whether to maintain possession of the Collateral, Indenture the Note Trustee may, but need not, obtain and conclusively rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Collateral for such purpose.

Optional Preservation of the Collateral. If the Notes of any Series have been declared to be due and payable under Section 5.03 ------- 5.02 hereof following an Event of Default and such declaration and its ---- consequences have not been rescinded and annulled, and Indenture Trustee has not received directions from the Noteholders pursuant to Section 5.12, Indenture Trustee may, but need not, elect to maintain possession of the portion Collateral. It is the desire of the Collateral which secures parties hereto and the Noteholders that there be at all times sufficient funds for the payment of principal of and interest on the Notes, and the Indenture Trustee shall take such Notes and apply proceeds desire into account when determining whether or not to maintain possession of the Collateral to make payments on such Notes to the extent such proceeds are available thereforCollateral. In determining whether to maintain possession of the Collateral, the Indenture Trustee may, but need not, obtain and conclusively rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Collateral for such purpose.

Optional Preservation of the Collateral. If the Notes of any Series have been declared to be due and payable under Section 5.03 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, and Indenture Trustee has not received directions from the Noteholders pursuant to Section 5.12, Indenture Trustee may, but need not, elect to maintain possession of the portion Collateral. It is the desire of the Collateral which secures parties hereto and the Noteholders that there be at all times sufficient funds for the payment of principal of and interest on the Notes, and the Indenture Trustee shall take such Notes and apply proceeds desire into account when determining whether or not to maintain possession of the Collateral to make payments on such Notes to the extent such proceeds are available thereforCollateral. In determining whether to maintain possession of the Collateral, the Indenture Trustee may, but need not, obtain and be fully protected in relying conclusively rely upon an opinion (at the expense of the Issuer) of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Collateral for such purpose.

Optional Preservation of the Collateral. If the Notes of any Series have been declared to be due and payable under Section 5.03 5.2 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, and the Indenture Trustee shall, if directed by the Note Insurer (or if a Note Insurer Default has not received directions from occurred and is continuing, the Noteholders pursuant to Section 5.12, Indenture Trustee may, but need not, ) elect to maintain possession of the portion Collateral. It is the desire of the Collateral which secures parties hereto and the Owners that there be at all times sufficient funds for the payment of principal of and interest on the Notes, and the Indenture Trustee shall take such Notes and apply proceeds desire into account when determining whether or not to maintain possession of the Collateral to make payments on such Notes to the extent such proceeds are available thereforCollateral. In determining whether to maintain possession of the Collateral, the Indenture Trustee may, but need not, obtain and conclusively rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Collateral for such purpose.