Common use of Restoration of Position Clause in Contracts

Restoration of Position. In case the Trustee shall have proceeded to enforce any rights under this Indenture by sale or otherwise and such proceedings shall have been discontinued or shall have been determined adversely to the Trustee, then, and in every such case to the extent not inconsistent with such adverse decree, the Authority, the Trustee and the Noteholders shall be restored to their former respective positions and the rights hereunder in respect to the Trust Estate, and all rights, remedies and powers of the Trustee and of the Noteholders shall continue as though no such proceeding had been taken.

Restoration of Position. In case the Trustee shall have proceeded to enforce any rights under this Indenture by sale or otherwise and such proceedings shall have been discontinued or shall have been determined adversely to the Trustee, then, and in every such case to the extent not inconsistent with such adverse decree, the Authority, the Trustee and the Noteholders Registered Owners shall be restored to their former respective positions and the rights hereunder in respect to the Trust Estate, and all rights, remedies and powers of the Trustee and of the Noteholders Registered Owners shall continue as though no such proceeding had been taken.

Restoration of Position. In case the Trustee shall have proceeded to enforce any rights under this Indenture by sale or otherwise otherwise, and such proceedings shall have been discontinued discontinued, or shall have been determined adversely to the Trustee, then, then and in every such case to the extent not inconsistent with such adverse decree, the Authority, the Trustee and the Noteholders Registered Owners shall be restored to their former respective positions and the rights hereunder in respect to the Trust Estate, and all rights, remedies and powers of the Trustee and of the Noteholders Registered Owners shall continue as though no such proceeding had been taken.