Remedies of the Trustee and Debentureholders on Event of Default. Whenever used herein with respect to Debentures of a particular series, "Event of Default" means any one or more of the following events which has occurred and is continuing:
Remedies of the Trustee and Debentureholders on Event of Default. Section 7.1.
Remedies of the Trustee and Debentureholders on Event of Default. 27 Section 7.1. Events of Default................................... 27 Section 7.2. Collection of Indebtedness and Suits for Enforcement by the Trustee.......................... 29 Section 7.3. Application of Moneys Collected..................... 30 Section 7.4. Limitation on Suits................................. 31 Section 7.5. Rights and Remedies Cumulative; Delay or Omission not Waiver................................. 31 Section 7.6. Control by the Debentureholders..................... 32 Section 7.7. Undertaking to Pay Costs............................ 32
Remedies of the Trustee and Debentureholders on Event of Default. 22 Section 7.1. Events of Default 22 Section 7.2. Collection of Indebtedness and Suits for Enforcement by Trust 23 Section 7.3. Application of Moneys Collected 24 Section 7.4. Limitation on Suits 25 Section 7.5. Rights and Remedies Cumulative; Delay or Omission not Waiver 25 Section 7.6. Control by Debentureholders 26 Section 7.7. Undertaking to Pay Costs 26
Remedies of the Trustee and Debentureholders on Event of Default. (a) Whenever used herein with respect to Debentures of a particular series, "Event of Default" means any one or more of the following events which has occurred and is continuing:
(1) default in the payment of any installment of interest upon any of the Debentures of that series, as and when the same shall become due and payable, and continuance of such default for a period of 30 days; provided, however, that a valid extension of an interest payment period by the Company in accordance with the terms of any indenture supplemental hereto, shall not constitute a default in the payment of interest;
(2) default in the payment of the principal of (or premium, if any, on) any of the Debentures of that series as and when the same shall become due and payable whether at maturity, upon redemption, by declaration or otherwise, or in any payment required by any sinking or analogous fund established with respect to that series; 51 37
(3) failure on the part of the Company duly to observe or perform any other of the covenants or agreements on the part of the Company with respect to that series contained in such Debentures or otherwise established with respect to that series of Debentures pursuant to Section 2.01 or contained in this Indenture (other than a covenant or agreement which has been expressly established solely for the benefit of one or more series of Debentures other than such series) for a period of 90 days after the date on which written notice of such failure, requiring the same to be remedied and stating that such notice is a "Notice of Default" hereunder, shall have been given to the Company by the Trustee, by registered or certified mail, or to the Company and the Trustee by the holders of at least 25% in principal amount of the Debentures of that series at the time outstanding, determined in accordance with Section 8.04;
(4) the entry by a court having jurisdiction in the premises of (A) a decree or order for relief in respect of the Company in an involuntary case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or (B) a decree or order adjudging the Company a bankrupt or insolvent, or approving as properly filed a petition seeking reorganization, arrangement, adjustment or composition of or in respect of the Company under any applicable Federal or State law, or appointing a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Company or of any su...
Remedies of the Trustee and Debentureholders on Event of Default. Section 7.1 Events of Default Section 7.2 Collection of Indebtedness and Suits for Enforcement by Trustee. . . . . . . . . . . . . . . . . . . . . . . . Section 7.3 Application of Moneys Collected . . . . . . . . . . . . . Section 7.4
Remedies of the Trustee and Debentureholders on Event of Default. Section 7.1 Events of Default Section 7.2 Collection of Indebtedness and Suits for Enforcement by Trustee Section 7.3 Application of Money Collected
Remedies of the Trustee and Debentureholders on Event of Default. Section 7.1. Events of Default............................................................. 22 Section 7.2. Collection of Indebtedness and Suits for Enforcement by Trustee............... 23 Section 7.3. Application of Moneys Collected............................................... 24 Section 7.4. Limitation on Suits........................................................... 25 Section 7.5. Rights and Remedies Cumulative; Delay or Omission Not Waiver.................. 25 Section 7.6. Control by Debentureholders................................................... 26 Section 7.7. Undertaking to Pay Costs...................................................... 26 ARTICLE VIII. FORM OF DEBENTURE AND ORIGINAL ISSUE Section 8.1. Form of Debenture............................................................. 27 Section 8.2. Original Issue of Debentures.................................................. 27
Remedies of the Trustee and Debentureholders on Event of Default. SECTION 6.01 (a) Events of Default defined............................31 (b) Acceleration of maturity upon Event of Default.......33
Remedies of the Trustee and Debentureholders on Event of Default. SECTION 6.01 (a) Events of Default defined.............................................33 (b) Acceleration of maturity upon Event of Default......................................................35 (c) Waiver of default and rescission of declaration of maturity..............................................................35 (d) Restoration of former position and rights upon curing default...............................................................36 (e) Certain rights of holders of Preferred Securities..................................................36 SECTION 6.02 (a) Covenant of Company to pay to Trustee whole amount due on Debentures on Default in payment of interest or principal (and premiums, if any)..................................................................37 (b) Trustee may recover judgment for whole amount due on Debentures on failure of Company to pay........................................................37 (c) Filing of proof of claim by Trustee in bankruptcy, reorganization or receivership proceeding............................................................37
