Common use of Protection of the Trust Estate Clause in Contracts

Protection of the Trust Estate. Subject to the terms of the Collateral Documents, upon prior written notice to the Issuers and the Subsidiary Guarantors, the Trustee shall have the power (i) to institute and maintain such suits and proceedings as it may deem expedient, to prevent any impairment of the Collateral under any of the Collateral Documents and in the profits, rents, revenues and other income arising therefrom, including the power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair any Collateral or be prejudicial to the interests of the Holders of Notes or the Trustee, to the extent permitted thereunder; and (ii) to enforce the obligations of the Issuers, the Subsidiary Guarantors or any Restricted Subsidiary under this Indenture or the Collateral Documents. Upon receipt of notice that a Restricted Subsidiary or a Subsidiary Guarantor is not in compliance with any of the requirements of any Collateral Document, the Trustee may, but shall have no obligation to purchase, at the Issuers’ expense, such insurance coverage necessary to comply with the appropriate section of such Collateral Document.

Protection of the Trust Estate. Subject to the terms of this Indenture, the other Collateral Documents, the Liquidity Facility Intercreditor Agreement and the Senior Notes Intercreditor Agreement, upon prior written notice to the Issuers and the Subsidiary GuarantorsCompany, the Trustee shall have the power (i) to institute and maintain such suits and proceedings as it may deem expedient, to prevent any impairment of the Collateral under this Indenture or any of the other Collateral Documents and in the profits, rents, revenues and other income arising therefrom, including the power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair any Collateral or be prejudicial to the interests of the Holders of Notes or the Trustee, to the extent permitted thereunder; and (ii) to enforce the obligations of the Issuers, the Subsidiary Guarantors Company or any Restricted Subsidiary under this Indenture or the other Collateral Documents. Upon receipt of notice that a Restricted Subsidiary or a Subsidiary Guarantor the Company is not in compliance with any of the requirements of any Collateral DocumentDeed of Trust, the Trustee may, but shall have no obligation to purchase, at the Issuers’ Company's expense, such insurance coverage necessary to comply with the appropriate section of such Collateral Documentthe Deed of Trust.

Protection of the Trust Estate. Subject to the terms of the Collateral Documents, upon prior written notice to the Issuers and the Subsidiary Guarantors, the Trustee shall have the power (i) to institute and maintain such suits and proceedings as it may deem expedient, to prevent any impairment of the Collateral under any of the Collateral Documents and in the profits, rents, revenues and other income arising therefrom, including the power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair any Collateral or be prejudicial to the interests of the Holders of Notes or the Trustee, to the extent permitted thereunder; and (ii) to enforce the obligations of the Issuers, the Subsidiary Guarantors or any Restricted Subsidiary under this Indenture or the Collateral Documents. Upon receipt of notice that a Restricted Subsidiary or a Subsidiary Guarantor is not in compliance with any of the requirements of any the Collateral DocumentDocuments, the Trustee may, but shall have no obligation to purchase, at the Issuers’ expense, such insurance coverage necessary to comply with the appropriate section of such the applicable Collateral Document.

Protection of the Trust Estate. Subject to the terms of the Intercreditor Agreement and the Collateral Documents, upon prior written notice to the Issuers and the Subsidiary Note Guarantors, the Trustee shall have the power (i) to institute and maintain such suits and proceedings as it may deem expedient, to prevent any impairment of the Note Collateral under any of the Collateral Documents and in the 101 profits, rents, revenues and other income arising therefrom, including the power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair any Note Collateral or be prejudicial to the interests of the Holders of Notes or the Trustee, to the extent permitted thereunder; and (ii) to enforce the obligations of the Issuers, the Subsidiary Note Guarantors or any Restricted Subsidiary under this Indenture or the Collateral Documents. Upon receipt of notice that a Restricted Subsidiary or a Subsidiary Guarantor is not in compliance with any of the requirements of any Collateral Documentthe Indenture Deed of Trust, the Trustee may, but shall have no obligation to purchase, at the Issuers’ ' expense, such insurance coverage necessary to comply with the appropriate section of such Collateral Documentthe mortgage.

Protection of the Trust Estate. Subject to the terms of the Intercreditor Agreement and the Collateral Documents, upon prior written notice to the Issuers and the Subsidiary Mortgage Note Guarantors, the Mortgage Note Trustee shall have the power (i) to institute and maintain such suits and proceedings as it may deem expedient, to prevent 95 any impairment of the Note Collateral under any of the Collateral Documents and in the profits, rents, revenues and other income arising therefrom, including the power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair any Note Collateral or be prejudicial to the interests of the Holders of Mortgage Notes or the Mortgage Note Trustee, to the extent permitted thereunder; and (ii) to enforce the obligations of the Issuers, the Subsidiary Mortgage Note Guarantors or any Restricted Subsidiary under this Indenture or the Collateral Documents. Upon receipt of notice that a Restricted Subsidiary or a Subsidiary Guarantor is not in compliance with any of the requirements of any Collateral Documentthe Mortgage Note Deed of Trust, the Mortgage Note Trustee may, but shall have no obligation to purchase, at the Issuers’ ' expense, such insurance coverage necessary to comply with the appropriate section of such Collateral Documentthe mortgage.

Protection of the Trust Estate. Subject to the terms of the Collateral Documents, upon prior written notice to the Issuers and the Subsidiary GuarantorsIssuers, the Trustee shall have the power (i) to institute and maintain such suits and proceedings as it may deem expedient, to prevent any impairment of the Collateral under any of the Collateral Documents and in the profits, rents, revenues and other income arising therefrom, including the power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair any Collateral or be prejudicial to the interests of the Holders of Notes or the Trustee, to the extent permitted thereunder; and (ii) to enforce the obligations of the Issuers, the Subsidiary Guarantors Issuers or any Restricted Subsidiary under this Indenture or the Collateral Documents. Upon receipt of notice that a Restricted Subsidiary or a Subsidiary Guarantor is not in compliance with any of the requirements of any Collateral Documentthe Preferred Ship Mortgage or the Deed of Trust, the Trustee may, but shall have no obligation to purchase, at the Issuers’ ' expense, such insurance coverage necessary to comply with the appropriate section of such Collateral Documentthe mortgage.

Protection of the Trust Estate. Subject to the terms of the Collateral Documents, upon prior written notice to the Issuers Company and the Subsidiary Guarantors, the Trustee shall have the power (i) to institute and maintain such suits and proceedings as it may deem expedient, to prevent any impairment of the Collateral under any of the Collateral Documents and in the profits, rents, revenues and other income arising therefrom, including the power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair any Collateral or be prejudicial to the interests of the Holders of Notes or the Trustee, to the extent permitted thereunder; and (ii) to enforce the obligations of the IssuersCompany, the Subsidiary Guarantors or any Restricted Subsidiary under this Indenture or the Collateral Documents. Upon receipt of notice that a Restricted Subsidiary or a Subsidiary Guarantor is not in compliance with any of the requirements of any Collateral DocumentAurora Mortgage, the Aurora Fleet Mortgage, the Tunica First Lien Deed of Trust, the Tunica Second Lien Deed of Trust, the Tunica First Lien Ship Mortgage or the Tunica Second Lien Ship Mortgage, the Trustee may, but shall have no obligation to purchase, at the Issuers’ Company' expense, such insurance coverage necessary to comply with the appropriate section of such Collateral Documentthe mortgage.

Protection of the Trust Estate. Subject to the terms of the Intercreditor Agreement and the Collateral Documents, upon prior written notice to the Issuers and the Subsidiary Guarantors, the Trustee shall have the power (i) to institute and maintain such suits and proceedings as it may deem expedient, to prevent any impairment of the Collateral under any of the Collateral Documents and in the profits, rents, revenues and other income arising therefrom, including the power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair any Collateral or be prejudicial to the interests of the Holders of Notes or the Trustee, to the extent permitted thereunder; and (ii) to enforce the obligations of the Issuers, the Subsidiary Guarantors or any Restricted Subsidiary under this Indenture or the Collateral Documents. Upon receipt of notice that a Restricted Subsidiary or a Subsidiary Guarantor is not in compliance with any of the requirements of any Collateral Documentthe First Preferred Ship Mortgage, Leasehold Mortgage and Assignment of Leases and Rents, the Trustee may, but shall have no obligation to purchase, at the Issuers’ ' expense, such insurance coverage necessary to comply with the appropriate section of such Collateral Documentthe mortgage.

Protection of the Trust Estate. Subject to the terms of the Collateral Documents, upon Upon prior written notice to the Issuers Company and the Subsidiary Guarantors, the Trustee shall have the power (i) to institute and maintain such suits and proceedings as it may deem expedient, to prevent any impairment of the Note Collateral under any of the Collateral Documents; and (ii) to enforce the obligations of the Company, the Guarantors or any Subsidiary under this Indenture or the Collateral Documents, to institute and maintain such suits and proceedings as may be expedient to prevent any impairment of the Note Collateral under the Collateral Documents and in the profits, rents, revenues and other income arising therefrom, including the power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair any Note Collateral or be prejudicial to the interests of the Holders of Notes or the Trustee, to the extent permitted thereunder; and (ii) to enforce the obligations of the Issuers, the Subsidiary Guarantors or any Restricted Subsidiary under this Indenture or the Collateral Documents. Upon receipt of notice that a Restricted Subsidiary or a Subsidiary Guarantor is not in compliance with any of the requirements of any Collateral Documentthe Mortgage, the Trustee may, but shall have no obligation to purchase, at the Issuers’ Company's expense, such insurance coverage necessary to comply with the appropriate section of such Collateral Documentthe mortgage.