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

Performance of Covenants by Debenture Trustee. If the 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 Corporation or may itself perform any of the covenants capable of being performed by it, but (subject to Sections 8.2 and 15.3) 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 Corporation of any default hereunder.

Appears in 2 contracts

Samples: Convertible Debenture Indenture (Transglobe Energy Corp), Convertible Debenture Indenture (Transglobe Energy Corp)

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Performance of Covenants by Debenture Trustee. If the Corporation 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 Corporation Company or may itself perform any of the covenants capable of being performed by it, but (subject to Sections Section 8.2 and 15.3Section 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 Corporation Company of any default hereunder.

Appears in 1 contract

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

Performance of Covenants by Debenture Trustee. If the 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 Corporation or may itself perform any of the covenants capable of being performed by it, but (subject to Sections 8.2 and 15.313.2) 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 Corporation of any default hereunder.

Appears in 1 contract

Samples: Convertible Secured Debenture Indenture

Performance of Covenants by Debenture Trustee. If the 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 Corporation or may itself perform any of the covenants capable of being performed by it, but (subject to Sections 8.2 and 15.315.4) 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 Corporation of any default hereunder.

Appears in 1 contract

Samples: Trust Indenture (Primero Mining Corp)

Performance of Covenants by Debenture Trustee. If the Corporation 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 Corporation Company or may itself perform any of the covenants capable of being performed by it, but (subject to Sections 8.2 and 15.314.3) 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 Corporation Company of any default hereunderhereunder or from its continuing indebtedness.

Appears in 1 contract

Samples: Trust Indenture (Timberwest Forest Corp)

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Performance of Covenants by Debenture Trustee. If the Corporation 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 Corporation Company or may itself perform any of the covenants capable of being performed by it, but (subject to Sections 8.2 and 15.313.3) 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 Corporation Company of any default hereunderhereunder or from its continuing indebtedness.

Appears in 1 contract

Samples: Put Notice (Constellation Software Inc)

Performance of Covenants by Debenture Trustee. If the 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 Corporation or may itself perform any of the covenants capable of being performed by it, but (subject to Sections 8.2 and 15.315.4) 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 Corporation of any default hereunder.

Appears in 1 contract

Samples: Zarlink Semiconductor Inc

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