Remedies; Rights of Bondholders Sample Clauses

Remedies; Rights of Bondholders. (i) If an event of default occurs, the Trustee may pursue any available remedy by suit at law or in equity to enforce the payment of the principal of, premium, if any, and interest on the Bonds then outstanding, to enforce any obligations of the Issuer hereunder, and of the Company under the Financing Agreement.
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Remedies; Rights of Bondholders. Upon the occurrence of an event of default the Trustee may pursue any available remedy at law or in equity by suit, action, mandamus or other proceeding, in addition to all of the remedies provided under the Mortgage, to enforce the payment of the principal of, premium, if any, and interest on the Bonds then outstanding, and to enforce and compel the performance of the duties and obligations of the Issuer as herein set forth. In addition, the Trustee may, without notice to the Issuer or the Company, exercise any and all remedies afforded the Issuer under Article VI of the Agreement in its name or the name of the Issuer without the necessity of joining the Issuer. If an event of default shall have occurred and be continuing and if requested so to do by the owners of not less than a majority in aggregate principal amount of Bonds then outstanding and indemnified as provided in Section 1001 hereof, the Trustee shall be obliged to exercise such one or more of the rights and powers conferred by this Section as the Trustee shall deem most expedient in the interests of the Bondholders. No remedy by the terms of this Indenture conferred upon or reserved to the Trustee (or to the Bondholders) is intended to be exclusive of any other remedy, but each and every such remedy shall be cumulative and shall be in addition to any other remedy given to the Trustee or to the Bondholders hereunder or now or hereafter existing at law or in equity or by statute. No delay or omission to exercise any right, power or remedy accruing upon any event of default shall impair any such right, power or remedy or shall be construed to be a waiver of any such event of default or acquiescence therein; and every such right, power or remedy may be exercised from time to time and as often as may be deemed expedient. No waiver of any event of default hereunder, whether by the Trustee or by the Bondholders, shall extend to or shall affect any subsequent event of default or shall impair any rights or remedies consequent thereon.
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Remedies; Rights of Bondholders. (A) If an Event of Default (other than a breach under Section 4.09 hereof) shall have occurred, the Trustee may, and if requested so to do by the Holders of not less than 25% of the Bond Obligation related to the Senior Bonds, the Trustee shall be obligated to exercise one or more of the rights and powers conferred by Sections 8.02 and 8.03 hereof, as the Trustee, being advised by counsel, shall deem most expedient in the interest of the Bondholders; provided, however, that in the case of the occurrence of an Event of Default with respect to the Subordinate Bonds, the Trustee shall not be obligated to exercise any of such rights or powers, in such capacity, until the earlier to occur of (i) any portion of the Bond Obligation with respect to the Senior Bonds then Outstanding has been accelerated in accordance with Section 8.02(A) or otherwise or (ii) the date on which the Senior Bonds are no longer Outstanding hereunder.
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Remedies; Rights of Bondholders. (a) Upon the continuance of an Event of Default, if so requested by a Majority of the Bondholders, and if satisfactory indemnity has been furnished to it, the Trustee shall exercise such of the rights and powers conferred by this Agreement as the Trustee, being advised by counsel, shall deem most effective to enforce and protect the interests of the Bondholders.
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Remedies; Rights of Bondholders. Upon the occurrence and continuance of any Event of Default, the Trustee may, without any action on the part of the Bondholders, and shall, at the written request of the owners of not less than twenty-five percent (25%) in principal amount of the Bonds then Outstanding, and in any case upon being indemnified to its satisfaction as provided in Section 901(k) hereof:
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Related to Remedies; Rights of Bondholders

  • REMEDIES, ETC CUMULATIVE. Each and every right, power and remedy of the Pledgee provided for in this Agreement or in any other Secured Debt Agreement, or now or hereafter existing at law or in equity or by statute shall be cumulative and concurrent and shall be in addition to every other such right, power or remedy. The exercise or beginning of the exercise by the Pledgee or any other Secured Creditor of any one or more of the rights, powers or remedies provided for in this Agreement or any other Secured Debt Agreement or now or hereafter existing at law or in equity or by statute or otherwise shall not preclude the simultaneous or later exercise by the Pledgee or any other Secured Creditor of all such other rights, powers or remedies, and no failure or delay on the part of the Pledgee or any other Secured Creditor to exercise any such right, power or remedy shall operate as a waiver thereof. No notice to or demand on any Pledgor in any case shall entitle it to any other or further notice or demand in similar or other circumstances or constitute a waiver of any of the rights of the Pledgee or any other Secured Creditor to any other or further action in any circumstances without notice or demand. The Secured Creditors agree that this Agreement may be enforced only by the action of the Pledgee, in each case acting upon the instructions of the Required Lenders (or, after the date on which all Credit Document Obligations have been paid in full, the holders of at least a majority of the outstanding Other Obligations) and that no other Secured Creditor shall have any right individually to seek to enforce or to enforce this Agreement or to realize upon the security to be granted hereby, it being understood and agreed that such rights and remedies may be exercised by the Pledgee for the benefit of the Secured Creditors upon the terms of this Agreement.

  • Rights and Remedies Not Waived No act, omission or delay by the Collateral Agent shall constitute a waiver of the Collateral Agent's rights and remedies hereunder or otherwise. No single or partial waiver by the Collateral Agent of any default hereunder or right or remedy that it may have shall operate as a waiver of any other default, right or remedy or of the same default, right or remedy on a future occasion.

  • Other Rights and Remedies Not Affected The indemnification rights of the parties under this Section are independent of and in addition to such rights and remedies as the parties may have at law or in equity or otherwise for any misrepresentation, breach of warranty or failure to fulfill any agreement or covenant hereunder on the part of any party including without limitation the right to seek specific performance, rescission or restitution, none of which rights or remedies shall be affected or diminished hereby.

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