Common use of Restoration of Rights on Abandonment of Proceedings Clause in Contracts

Restoration of Rights on Abandonment of Proceedings. If the Indenture Trustee shall have proceeded to enforce any right under the Indenture and such proceedings shall have been discontinued or abandoned for any reason, or shall have been determined adversely to the Indenture Trustee, then and in every such case the Trust and the Indenture Trustee shall be restored respectively to their former positions and rights under the Indenture, and all rights, remedies and powers of the Trust, the Indenture Trustee and each Holder shall continue as though no such proceedings had been taken.

Restoration of Rights on Abandonment of Proceedings. If the Indenture Trustee shall have proceeded to enforce any right under the this Indenture and such proceedings shall have been discontinued or abandoned for any reason, or shall have been determined adversely to the Indenture Trustee, then and in every such case the Trust Issuer and the Indenture Trustee shall be restored respectively to their former positions and rights under the Indenturehereunder, and all rights, remedies and powers of the TrustIssuer, the Indenture Trustee and each Holder shall continue as though no such proceedings had been taken.

Restoration of Rights on Abandonment of Proceedings. If In case the Indenture Trustee shall have proceeded to enforce any right under the this Indenture and such proceedings shall have been discontinued or abandoned for any reason, or shall have been determined adversely to the Indenture Trustee, then and in every such case the Trust Owners and the Indenture Trustee shall be restored respectively to their former positions and rights under the Indenturehereunder, and all rights, remedies and powers of the TrustOwners, the Indenture Trustee and each Holder the Noteholders shall continue as though no such proceedings had been taken.