Common use of Performance of Covenants by Debenture Trustee Clause in Contracts

Performance of Covenants by Debenture Trustee. If the Company shall fail to perform any of its covenants contained in this Indenture, the Debenture Trustee may notify the Debentureholders of such failure on the part of the Company or may itself perform any of the covenants capable of being performed by it, but (subject to Sections 8.2 and 13.3) shall be under no obligation to do so or to notify the Debentureholders. All sums so expended or advanced by the Debenture Trustee shall be repayable as provided in Section 7.2. No such performance, expenditure or advance by the Debenture Trustee shall be deemed to relieve the Company of any default hereunder or from its continuing indebtedness.

Appears in 1 contract

Samples: Trust Indenture (Constellation Software Inc)

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Performance of Covenants by Debenture Trustee. If the Company shall fail to observe or perform any of its covenants or agreement contained in this Indenture, the Debenture Trustee may notify the Debentureholders of such failure on the part of the Company or may itself perform any of the covenants capable of being performed by it, but (subject to Sections 8.2 and 13.314.3) shall be under no obligation to do so or to notify the Debentureholders. All sums so expended or advanced by the Debenture Trustee shall be repayable as provided in Section 7.2. No such performance, expenditure or advance by the Debenture Trustee shall be deemed to relieve the Company of any default hereunder or from its continuing indebtedness.

Appears in 1 contract

Samples: Trust Indenture (Timberwest Forest Corp)

Performance of Covenants by Debenture Trustee. If the Company Corporation shall fail to perform any of its covenants contained in this Indenture, the Debenture Trustee may notify the Debentureholders of such failure on the part of the Company Corporation or may itself perform any of the covenants capable of being performed by it, but (subject to Sections 8.2 and 13.315.4) shall be under no obligation to do so or to notify the Debentureholders. All sums so expended or advanced by the Debenture Trustee shall be repayable as provided in Section 7.2. No such performance, expenditure or advance by the Debenture Trustee shall be deemed to relieve the Company Corporation of any default hereunder or from its continuing indebtednesshereunder.

Appears in 1 contract

Samples: Trust Indenture (Zarlink Semiconductor Inc)

Performance of Covenants by Debenture Trustee. If the Company Corporation shall fail to perform any of its covenants contained in this Indenture, the Debenture Trustee may notify the Debentureholders of such failure on the part of the Company Corporation or may itself perform any of the covenants capable of being performed by it, but (subject to Sections 8.2 and 13.315.4) shall be under no obligation to do so or to notify the Debentureholders. All reasonable sums so expended or advanced by the Debenture Trustee shall be repayable as provided in Section 7.2. No such performance, expenditure or advance by the Debenture Trustee shall be deemed to relieve the Company Corporation of any default hereunder or from its continuing indebtednesshereunder.

Appears in 1 contract

Samples: Trust Indenture (Primero Mining Corp)

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Performance of Covenants by Debenture Trustee. If the Company Corporation shall fail to perform any of its covenants contained in this Indenture, the Debenture Trustee may notify the Debentureholders of such failure on the part of the Company Corporation or may itself perform any of the covenants capable of being performed by it, but (subject to Sections 8.2 and 13.313.2) shall be under no obligation to do so or to notify the Debentureholders. All sums so expended or advanced by the Debenture Trustee shall be repayable as provided in Section 7.2. No such performance, expenditure or advance by the Debenture Trustee shall be deemed to relieve the Company Corporation of any default hereunder or from its continuing indebtednesshereunder.

Appears in 1 contract

Samples: Convertible Secured Debenture Indenture

Performance of Covenants by Debenture Trustee. If the Company shall fail to perform any of its covenants contained in this Indenture, the Debenture Trustee may notify the Debentureholders of such failure on the part of the Company or may itself perform any of the covenants capable of being performed by it, but (subject to Sections Section 8.2 and 13.3Section 14.3) shall be under no obligation to do so or to notify the Debentureholders. All sums so expended or advanced by the Debenture Trustee shall be repayable as provided in Section 7.2. No such performance, expenditure or advance by the Debenture Trustee shall be deemed to relieve the Company of any default hereunder or from its continuing indebtednesshereunder.

Appears in 1 contract

Samples: Trust Indenture (Canadian Satellite Radio Holdings Inc.)

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