Common use of Other Remedies of the Trustee Clause in Contracts

Other Remedies of the Trustee. The Trustee shall have the right (a) by mandamus or other action or proceeding or suit at law or in equity to enforce its rights hereunder against any Local Agency or any supervisor, council member, board member, trustee, member, officer or employee thereof, and to compel such Local Agency or any such supervisor, council member, board member, trustee, member, officer or employee thereof to observe or perform its or his or her duties under applicable law and the agreements, conditions, covenants and terms contained herein, or in the applicable Note and Note Resolution, required to be observed or performed by it or him or her; (b) by suit in equity to enjoin any acts or things which are unlawful or violate the rights of the Trustee or the Owners; or (c) by suit in equity upon the happening of any default hereunder to require any Local Agency and any supervisor, council member, board member, trustee, member, officer and employee to account as the trustee of any express trust.

Appears in 1 contract

Samples: Trust Agreement

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Other Remedies of the Trustee. The Trustee shall have the right (a) right by mandamus or other action or proceeding or suit at law or in equity to enforce its rights hereunder against any Local Educational Agency or any supervisor, council member, board member, trustee, member, officer or employee thereof, and to compel such Local Educational Agency or any such supervisor, council member, board member, trustee, member, officer or employee thereof to observe or perform its or his or her duties under applicable law and the agreements, conditions, covenants and terms contained herein, or in the applicable Note and Note Resolution, required to be observed or performed by it or him or her; (b) ; by suit in equity to enjoin any acts or things which are unlawful or violate the rights of the Trustee or the Owners; or (c) or by suit in equity upon the happening of any default hereunder to require any Local Educational Agency and any supervisor, council member, board member, trustee, member, officer and employee to account as the trustee of any express trust.

Appears in 1 contract

Samples: Trust Agreement

Other Remedies of the Trustee. The Trustee shall have the right (a) by mandamus or other action or proceeding or suit at law or in equity to enforce its rights hereunder against any Local Agency Community College District or any supervisor, council member, board member, trustee, member, officer or employee thereof, and to compel such Local Agency Community College District or any such supervisor, council member, board member, trustee, member, officer or employee thereof to observe or perform its or his or her duties under applicable law and the agreements, conditions, covenants and terms contained herein, or in the applicable Note and Note Resolution, required to be observed or performed by it or him or her; (b) by suit in equity to enjoin any acts or things which are unlawful or violate the rights of the Trustee or the Owners; or (c) by suit in equity upon the happening of any default hereunder to require any Local Agency Community College District and any supervisor, council member, board member, trustee, member, officer and employee to account as the trustee of any express trust.

Appears in 1 contract

Samples: Trust Agreement

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Other Remedies of the Trustee. The Trustee shall have the right: (a) by mandamus or other action or proceeding or suit at law or in equity to enforce its rights hereunder against any Local Agency the City or any supervisor, council member, board member, trustee, member, officer officer, or employee thereof, and to compel such Local Agency the City or any such supervisor, council member, board member, trustee, member, officer officer, or employee thereof to observe or perform its or his or her duties under applicable law and the agreements, conditions, covenants covenants, and terms contained herein, or in the applicable Note and Note ResolutionAgreement, required to be observed or performed by it or him or her; (b) by suit in equity to enjoin any acts or things which are unlawful or violate the rights of the Trustee or the Owners; or (c) by suit in equity upon the happening of any default hereunder to require any Local Agency the City and any supervisor, council member, board member, trustee, member, officer officer, and employee to account as the trustee of any express trust.

Appears in 1 contract

Samples: Trust Agreement

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