Restoration of Rights on Abandonment of Proceeding Sample Clauses

Restoration of Rights on Abandonment of Proceeding. In case the Trustee shall have proceeded to enforce any right under this Indenture and such proceedings shall have been discontinued or abandoned for any reason, or shall have been determined adversely to the Trustee, then and in every such case the Issuer and the Trustee shall be restored respectively to their former positions and rights hereunder, and all rights, remedies and powers of the Issuer, the Trustee and the Securityholders shall continue as though no such proceedings had been taken.
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Restoration of Rights on Abandonment of Proceeding. In case the Trustee or any Holder of a Security shall have proceeded to enforce any right under this Perpetual Subordinated Indenture and such proceedings shall have been discontinued or abandoned for any reason, or shall have been determined adversely to the Trustee or such Securityholder, then and in every such case the Company and the Trustee or such Securityholder shall be restored respectively to their former positions and rights hereunder, and all rights, remedies and powers of the Company, the Trustee and the Securityholders shall continue as though no such proceedings had been taken.
Restoration of Rights on Abandonment of Proceeding. In case any Bondholder shall have proceeded to enforce any right under this Fiscal Agency Agreement and such proceedings shall have been discontinued or abandoned for any reason, or shall have been determined adversely to such Bondholder, then and in every such case the Republic, the Fiscal Agent, and the Bondholders shall be restored respectively to their former positions and rights hereunder, and all rights, remedies and powers of the Republic, the Fiscal Agent, and the Bondholders shall continue as though no such proceedings had been taken.

Related to Restoration of Rights on Abandonment of Proceeding

  • Restoration of Rights and Remedies If the Trustee or any Holder has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in such proceeding, the Company, the Trustee and the Holders shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been instituted.

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