Optional Preservation of the Receivables. If the ---------------------------------------- Security Majority is the Controlling Party and if the Notes have been declared to be due and payable under Section 5.2 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, the Trustee, if so directed by the Security Majority, may direct the Trust Collateral Agent to maintain possession of the Trust Property.
Appears in 2 contracts
Samples: TFC Enterprises Inc, TFC Enterprises Inc
Optional Preservation of the Receivables. If the Security ---------------------------------------- Security Majority is the Controlling Party and if the Notes have been declared to be due and payable under Section 5.2 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, the Trustee, if so directed by the Security Majority, may direct the Trust Collateral Agent to maintain possession of the Trust Property.
Appears in 1 contract
Samples: Indenture (TFC Enterprises Inc)
Optional Preservation of the Receivables. If the ---------------------------------------- Security Majority is the Controlling Party and if the Notes have been declared to be due and payable under Section 5.2 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, the Trustee, if so directed by the Security Majority, may direct the Trust Collateral Agent to maintain possession of the Trust Property.
Appears in 1 contract
Samples: TFC Enterprises Inc