Common use of Remedies Vested in Trustee Clause in Contracts

Remedies Vested in Trustee. All rights of action, including the right to file proof of claims, under the Indenture or under any of the Bonds may be enforced by the Trustee without the possession of any of the Bonds or the production thereof in any trial or other proceedings relating thereto, and any such suit or proceeding instituted by the Trustee shall be brought in its name as Trustee without the necessity of joining as plaintiffs or defendants any holders of the Bonds. Subject to the provisions of Section 609 hereof and any recovery or judgment shall be for the equal benefit of the holders of the Outstanding Bonds.

Appears in 2 contracts

Samples: Trust Indenture (Plug Power Inc), Trust Indenture (Mechanical Technology Inc)

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Remedies Vested in Trustee. All rights of action, action (including the right to file proof proofs of claims, ) under the this Indenture or under any of the Bonds may be enforced by the Trustee without the possession of any of the Bonds or the production thereof in any trial or other proceedings relating thereto, thereto and any such suit or proceeding instituted by the Trustee shall be brought in its name as Trustee without the necessity of joining as plaintiffs or defendants any holders Owners of the Bonds. Subject to the provisions of Section 609 hereof , and any recovery or of judgment shall be for the equal and ratable benefit of the holders Owners of the Outstanding Bonds.

Appears in 2 contracts

Samples: Indenture of Trust (Southwest Gas Corp), Indenture of Trust (Southwest Gas Corp)

Remedies Vested in Trustee. All rights of action, including the right to file proof of claims, under the this Indenture or under any of the Bonds may be enforced by the Trustee without the possession of any of the Bonds or the production thereof in any trial or other proceedings relating thereto, and any such suit or proceeding instituted by the Trustee shall be brought in its name as Trustee without the necessity of joining as plaintiffs or defendants any holders of the Bonds. Subject to the provisions of Section 609 hereof and hereof, any recovery or judgment shall be for the equal benefit of the holders of the Outstanding Bonds.

Appears in 1 contract

Samples: Trust Indenture (Angiodynamics Inc)

Remedies Vested in Trustee. All rights of action, action (including the right to file proof proofs of claims, claim) under the Indenture this Agreement or under any of the Bonds may be enforced by the Trustee without the possession of any of the Bonds or the their production thereof in any trial or other proceedings relating thereto, proceeding; and any such suit or proceeding instituted by the Trustee shall be brought in its name name, as Trustee Trustee, without the necessity of joining as plaintiffs or defendants any holders of the Bonds. Subject to the provisions of Section 609 hereof ; and any recovery or judgment of the judgement shall be for the equal benefit of the holders of the Outstanding Bonds, subject, however, to the provisions of this Agreement.

Appears in 1 contract

Samples: Loan and Trust Agreement (Lasalle Hotel Properties)

Remedies Vested in Trustee. All rights of action, action (including the right to file proof of claims, ) under the this Indenture or under any of the Bonds may be enforced by the Trustee without the possession of any of the Bonds or the production thereof in any trial or other proceedings proceeding relating thereto, thereto and any such suit or proceeding instituted by the Trustee shall may be brought in its name name, as Trustee Trustee, without the necessity of joining as plaintiffs or defendants any holders of the Bonds. Subject to the provisions of Section 609 hereof , and any recovery or of judgment shall be for the equal benefit of the holders of the Outstanding Bonds.

Appears in 1 contract

Samples: Trust Indenture (Wca Waste Corp)

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Remedies Vested in Trustee. All rights of action, including the right to file proof of claims, claims under the this Indenture or under any of the Bonds Bonds, may be enforced by the Trustee without the possession of any of the Bonds or the production thereof in any trial or other proceedings relating thereto, thereto and any such suit or proceeding instituted by the Trustee shall be brought in its name as Trustee without the necessity of joining as plaintiffs or defendants any holders of the Bonds. Subject to the provisions of Section 609 hereof , and any recovery or of judgment shall be for the equal benefit of the holders of the then Outstanding Bonds, subject to the provisions of this Indenture.

Appears in 1 contract

Samples: Indenture of Trust (Laidlaw Environmental Services Inc)

Remedies Vested in Trustee. All rights of action, action (including the right to file proof of claims, ) under the this Indenture or under any of the Bonds may be enforced by the Trustee without the possession of any of the Bonds or the production thereof in any trial or other proceedings proceeding relating thereto, and any such suit or proceeding instituted by the Trustee shall be brought in its name as Trustee without the necessity of joining as plaintiffs or defendants any holders Owners of the Bonds. Subject to the provisions of Section 609 hereof , and any recovery or of judgment shall be for the equal and ratable benefit of the holders owners of the Outstanding outstanding Bonds.

Appears in 1 contract

Samples: Indenture of Trust (Weirton Steel Corp)

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