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 this Indenture or under any of the Notes may be enforced by the Trustee without the possession of any of the Notes 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 Beneficiaries, and any recovery of judgment shall be for the equal benefit of all Beneficiaries in respect of which such judgment has been recovered.

Appears in 6 contracts

Samples: Please Insert Social Security (Education Loans Inc /De), Participation Agreement (Education Loans Inc /De), Please Insert Social Security (Education Loans Inc /De)

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Remedies Vested in Trustee. All rights of action, action including the right to file proof of claims under this Indenture Agreement or under any of the Notes Outstanding Obligations may be enforced by the Trustee without the possession of any of the Notes Outstanding Obligations 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 Beneficiariesholders of the Outstanding Obligations, and any recovery of judgment shall be for the equal benefit of all Beneficiaries in respect the holders of which such judgment has been recoveredthe Outstanding Obligations.

Appears in 2 contracts

Samples: Trust Agreement, Amended and Restated Trust Agreement

Remedies Vested in Trustee. All rights of action, including the right to file proof of claims under this Indenture or under any of the Notes may be enforced by the Trustee without the possession of any of the Notes 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 BeneficiariesNoteholders, and any recovery of judgment shall be for the equal benefit of all Beneficiaries Noteholders in respect of which such judgment has been recovered.

Appears in 1 contract

Samples: Education Loans Inc /De

Remedies Vested in Trustee. All rights of action, -------------------------- including the right to file proof of claims under this Indenture or under any of the Notes may be enforced by the Trustee without the possession of any of the Notes 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 Beneficiaries, and any recovery of judgment shall be for the equal benefit of all Beneficiaries in respect of which such judgment has been recovered.

Appears in 1 contract

Samples: Education Loans Inc /De

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Remedies Vested in Trustee. All rights of action, action (including the right to file proof of claims claim) under this Indenture or under any of the Notes Debentures may be enforced by the Trustee without the possession of any of the Notes Debentures 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 Trustee, without the necessity of joining as plaintiffs or defendants any Beneficiariesholders of the Debentures hereby secured, and any recovery of judgment shall be for the equal benefit of all Beneficiaries in respect the holders of which such judgment has been recoveredthe Outstanding Debentures.

Appears in 1 contract

Samples: Cross Border Resources, Inc.

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