Common use of Performance of Covenants by Trustee Clause in Contracts

Performance of Covenants by Trustee. If the Issuer fails to perform any of its covenants contained in this Indenture, the Trustee may itself perform any of such covenants capable of being performed by it, but will be under no obligation to do so. All sums expended or advanced by the Trustee for such purpose will be repayable as provided in section 9.9 of the Indenture. No such performance or advance by the Trustee shall relieve the Issuer of any Default hereunder or its continuing obligations hereunder.

Appears in 2 contracts

Samples: Subscription Agreement (Fairfax Financial Holdings LTD/ Can), Indenture (Fairfax Financial Holdings LTD/ Can)

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Performance of Covenants by Trustee. If the Issuer fails to perform any of its covenants contained in this Indenture, the Trustee may itself perform any of such covenants capable of being performed by it, but will be under no obligation to do so. All sums expended or advanced by the Trustee for such purpose will be repayable as provided in section 9.9 of the Indenture. No such performance or advance by the Trustee shall relieve the Issuer of any Default hereunder or its continuing obligations hereunder.. 9.9

Appears in 1 contract

Samples: Indenture (BLACKBERRY LTD)

Performance of Covenants by Trustee. If the Issuer fails to perform any of its covenants contained in this Indenture, the Trustee may itself perform any of such covenants capable of being performed by it, but will be under no obligation to do so. All sums expended or advanced by the Trustee for such purpose will be repayable as provided in section 9.9 of the IndentureSection 7.2. No such performance or advance by the Trustee shall relieve the Issuer of any Default hereunder or its continuing obligations hereunderEvent of Default.

Appears in 1 contract

Samples: Trust Indenture (Veren Inc.)

Performance of Covenants by Trustee. If the Issuer fails to perform any of its covenants contained in this Indenture, the Trustee may itself perform any of such covenants capable of being performed by it, but will be under no obligation to do so. All sums expended or advanced by the Trustee for such purpose will be repayable as provided in section 9.9 10.8 of the Indenture. No such performance or advance by the Trustee shall relieve the Issuer of any Default hereunder or its continuing obligations hereunder.

Appears in 1 contract

Samples: Indenture

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Performance of Covenants by Trustee. If the Issuer fails to perform any of its covenants contained in this Indenture, the Trustee may itself perform any of such covenants capable of being performed by it, but will be under no obligation to do so. All sums expended or advanced by the Trustee for such purpose will be repayable as provided in section 9.9 of the Indenture. No such performance or advance by the Trustee shall relieve the Issuer of any Default default hereunder or its continuing obligations hereunder.

Appears in 1 contract

Samples: Indenture (Fairfax Financial Holdings LTD/ Can)

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