Common use of Powers and Remedies Cumulative Clause in Contracts

Powers and Remedies Cumulative. Delay or Omission, Not Waiver of Default. All powers and remedies given by this Article Six to the Trustee or to the Securityholders or the Holders of any coupons shall, to the extent permitted by law, be deemed cumulative and not exclusive of any thereof or of any other powers and remedies available to the Trustee or the Securityholders or the Holders of any coupons, by judicial proceedings or otherwise, to enforce the performance or observance of the covenants and agreements contained in this Indenture, and no delay or omission of the Trustee or of any Holder of the Securities or coupons in exercising any right or power accruing upon any Event of Default occurring and continuing as aforesaid shall impair any such right or power or shall be construed to be a waiver of any such default or an acquiescence therein; and, subject to the provisions of Section 6.04, every power and remedy given by this Article 6 or by law to the Trustee or to the Securityholders or the Holders of any coupons may be exercised from time to time, and as often as shall be deemed expedient, by the Trustee or by the Securityholders or the Holders of any coupons.

Appears in 3 contracts

Samples: Indenture (At&t Capital Corp /De/), At&t Capital Corp /De/, At&t Capital Corp /De/

AutoNDA by SimpleDocs

Powers and Remedies Cumulative. Delay or Omission, Omission Not Waiver of Default. All powers and remedies given by this Article Six VI to the Trustee or to the Securityholders or the Holders of any coupons shall, to the extent permitted by law, be deemed cumulative and not exclusive of any thereof or of any other powers and remedies available to the Trustee or the Securityholders or the Holders of any coupons, by judicial proceedings or otherwise, to enforce the performance or observance of the covenants and agreements contained in this Indenture, and no delay or omission of the Trustee or of any Holder of the Securities or coupons in exercising any right or power accruing upon any Event of Default occurring and continuing as aforesaid shall impair any such right or power or shall be construed to be a waiver of any such default or an acquiescence therein; and, subject to the provisions of Section 6.04, every power and remedy given by this Article 6 VI or by law to the Trustee or to the Securityholders or the Holders of any coupons may be exercised from time to time, and as often as shall be deemed expedient, by the Trustee or by the Securityholders or the Holders of any coupons.

Appears in 1 contract

Samples: Indenture (Newcourt Credit Group Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.