REMEDIES OF THE TRUSTEE. The Trustee shall not be required to institute any action or proceedings at law or in equity against Statia Canada for the collection of sums due and unpaid or enforce the performance of any provision of the Notes against Statia Canada, or prosecute any such action or proceedings to judgment or decree, unless (i) such action is requested by Holders of a majority in aggregate principal amount of the Notes (evidenced as provided in Section 8.01 of the Original Indenture) and (ii) any Event of Default with respect to the Company shall have occurred and be continuing.
Appears in 4 contracts
Samples: Third Supplemental Indenture (Valero L P), Second Supplemental Indenture (Valero L P), Second Supplemental Indenture (Kaneb Pipe Line Operating Partnership Lp)
