Remedies of Trustee. During the continuance of any Event of Default, so long as such Event of Default shall not have been remedied, the Trustee, in addition to the rights specified in Section 8.01, shall have the right, in its own name as trustee of an express trust, to take all actions now or hereafter existing at law, in equity or by statute to enforce its rights and remedies and to protect the interests, and enforce the rights and remedies, of the Certificateholders (including the institution and prosecution of all judicial, administrative and other proceedings and the filing of proofs of claim and debt in connection therewith). Except as otherwise expressly provided in this Agreement, no remedy provided for by this Agreement shall be exclusive of any other remedy, and each and every remedy shall be cumulative and in addition to any other remedy and no delay or omission to exercise any right or remedy shall impair any such right or remedy or shall be deemed to be a waiver of any Event of Default.
Remedies of Trustee. Section 8.03 Directions by Certificateholders and Duties of Trustee During Event of Default..................................
Remedies of Trustee. 74 SECTION 7.25 Directions by Holders and Duties of Trustee During Servicer Default............ 74 SECTION 7.26 Trustee to Act; Appointment of Successor....................................... 75 SECTION 7.27
Remedies of Trustee. In the event of default by the City in the punctual discharge of its obligations hereunder, the Trustee, at the direction of the Bond Insurer, shall be entitled to exercise such remedies as are provided under the Debt Act, together with any other remedies which otherwise may be provided at law or in equity or by other statutes.
Remedies of Trustee. 97 Section 8.03 Directions by Certificateholders and Duties of Trustee During Event of Default................... 98 Section 8.04 Action upon Certain Failures of the Master Servicer or a Servicer and upon Event of Default............98 Section 8.05 Trustee and Master Servicer to Act; Appointment of Successors.........................................98 Section 8.06 Notification to Certificateholders................100
Remedies of Trustee. Directions by Certificateholders and Duties of Trustee During Master Servicer Event of Termination ........
Remedies of Trustee. Upon the Occurrence of an Event of Default or Event of Nonappropriation. Upon the occurrence of an Event of Default or Event of Nonappropriation:
(a) the Trustee shall be entitled to apply any moneys in any of the funds or accounts created hereunder (except the Rebate Fund and any escrow accounts established pursuant to Section 9.01 hereof) to the payment of the principal of, premium, if any, and interest on the Certificates when due;
(b) the Trustee may, and at the request of the Certificate Owners of a majority in principal amount of the Certificates then Outstanding, and upon receipt from the Certificate Owners of assurances or indemnification satisfactory to it that it will be repaid for such action, shall, without any further demand or notice, exercise any of the remedies available to it under the Lease; and
(c) the Trustee may take any other action at law or in equity that may appear necessary or desirable to enforce the rights of the Certificate Owners.
Remedies of Trustee. After an Event of Default under the Indenture, the parties agree to cause the Depository Bank to transfer the Lockbox Fund to the name and credit of the Trustee upon demand thereof, as provided in and permitted by Section 5.04(b) of the Indenture, subject to the terms of the Management Agreement; provided, however, that the Trustee shall continue to be bound by the Indenture and this Agreement. Notwithstanding anything contained herein to the contrary, as set forth in Section 5.19(a) of the Indenture, so long as the Management Agreement has not expired or terminated, the Manager shall continue to be entitled to request and receive funds as provided herein and in the Indenture even upon the occurrence of an Event of Default (as defined in the Indenture), the breach of any provision of the Indenture or the occurrence of any event or condition which with the giving of notice, the passage of time or both would constitute an Event of Default (as defined in the Indenture). Notwithstanding anything contained herein to the contrary, so long as the Management Agreement has not expired or terminated, the exercise of the rights and remedies by the Trustee and the Bondholders under the Indenture shall not affect the rights of the Manager as set forth in the Indenture, this Agreement and the Management Agreement. If the Management Agreement has expired or terminated and a new management agreement has not been entered into, until a replacement manager has entered into a management agreement with the Corporation, the Corporation shall be entitled to submit requests and receive funds as described in Article V of the Indenture and as described herein as if the Corporation was the Manager.
Remedies of Trustee. Section 4.01. Remedies ......................................................................................................10 Section 4.02. Remedies Cumulative...................................................................................12
Remedies of Trustee and Bondholders shall be non-exclusive and cumulative.] Except as herein expressly provided to the contrary, no remedy herein conferred upon or reserved to the Trustee or to the holders of Bonds is intended to be exclusive of any other remedy but each and every such remedy shall, to the extent permitted by applicable law, be cumulative and shall be in addition to every other remedy given hereunder or now or hereafter existing at law or in equity or by statute.
