Common use of Right of Court to Require Filing of Undertaking to Pay Costs Clause in Contracts

Right of Court to Require Filing of Undertaking to Pay Costs. All parties to this Indenture agree, and each Holder of any Security or Coupon by his or her acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions of this Section shall not apply to a suit by the Trustee, a suit by a Holder pursuant to Section 5.7, a suit by Holders of more than 10% in principal amount of the Outstanding Securities of any series.

Appears in 6 contracts

Samples: Senior Indenture (Enstar Finance LLC), Subordinated Indenture (Enstar Finance LLC), Senior Indenture (Enstar Finance LLC)

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Right of Court to Require Filing of Undertaking to Pay Costs. All parties to this Indenture Agreement agree, and each Holder of any Security or Coupon by his or her acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture Agreement or in any suit against the Trustee for any action taken, suffered taken or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees and expenses' fees, against any party litigant in such suit, having due regard to the merits and good faith of or the claims or defenses made by such party litigant; but the provisions of this Section shall not apply to a any suit instituted by the Trustee, a to any suit instituted by a any Holder pursuant to Section 5.7, a suit by or group of Holders of holding in the aggregate more than 10% in principal amount of the Securities Outstanding Securities or to any suit instituted by any Holder for the enforcement of the payment of any series.Security on or after the due date expressed in such Security. ARTICLE NINE

Appears in 5 contracts

Samples: Payment Rights Agreement (Fusion Systems Corp), Contingent Payment Rights Agreement (Fusion Systems Corp), Contingent Payment Rights Agreement (Fusion Systems Corp)

Right of Court to Require Filing of Undertaking to Pay Costs. All parties to this Indenture Agreement agree, and each Holder of any Security or Coupon CVR by his or her acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture Agreement or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees and expenses' fees, against any party litigant in such suit, having due regard to the merits and good faith of or the claims or defenses made by such party litigant; but the provisions of this Section shall not apply to a any suit instituted by the Trustee, a to any suit instituted by a any Holder pursuant to Section 5.7, a suit by or group of Holders of holding in the aggregate more than 10% in principal amount of the CVRs Outstanding Securities or to any suit instituted by any Holder for the enforcement of the payment of any series.CVR on or after the due date expressed in such CVR. ARTICLE NINE

Appears in 2 contracts

Samples: Agreement (Markel Corp), Contingent Value Rights Agreement (Markel Holdings Inc)

Right of Court to Require Filing of Undertaking to Pay Costs. All parties to this Indenture agree, and each Holder of any Security or Coupon the Notes, by his or her such Holder's acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture Indenture, or in any suit against the Trustee for any action taken, suffered taken or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys' fees and expenses, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions of this Section 6.07 shall not apply to a any suit instituted by the Trustee, a to any suit instituted by a Holder pursuant to Section 5.7any Holder, a suit by or group of Holders of the Notes, holding in the aggregate more than 10% ten percent in principal amount of the Outstanding Securities Notes, or to any suit instituted by any Holder pursuant to the second paragraph of any seriesSection 6.04.

Appears in 1 contract

Samples: Supplemental Indenture (Avaya Inc)

Right of Court to Require Filing of Undertaking to Pay Costs. All parties to this Indenture agree, and each Holder of any Security or Coupon by his or her acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions of this Section shall not apply to a suit by the Trustee, a suit by a Holder pursuant to Section 5.7, 5.7 or a suit by Holders of more than 10% in principal amount of the Outstanding Securities of any series.

Appears in 1 contract

Samples: Senior Indenture (Enstar Group LTD)

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Right of Court to Require Filing of Undertaking to Pay Costs. All parties to this Indenture agree, and each Holder of any Security or Coupon Note by his or her acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions of this Section 7.11 shall not apply to a suit by the Trustee, a suit by a Holder pursuant to Section 5.7, 7.07 or a suit by Holders of more than 10% in aggregate principal amount of the Outstanding Securities of any seriesNotes.

Appears in 1 contract

Samples: Indenture (Fidelis Insurance Holdings LTD)

Right of Court to Require Filing of Undertaking to Pay Costs. All parties to this Indenture agree, and each Holder of any Security or Coupon Note by his or her acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; litigant; but the provisions of this Section shall not apply to a suit by the Trustee, a suit by a Holder pursuant to Section 5.7, 6.07 or a suit by Holders of more than 10% in principal amount of the Outstanding Securities of any seriesNotes.

Appears in 1 contract

Samples: Indenture (Watford Holdings Ltd.)

Right of Court to Require Filing of Undertaking to Pay Costs. All parties to this Indenture agree, and each Holder of any Security or Coupon Note by his or her acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions of this Section shall not apply to a suit by the Trustee, a suit by a Holder pursuant to Section 5.7, 6.07 or a suit by Holders of more than 10% in aggregate principal amount of the Outstanding Securities of any seriesNotes.

Appears in 1 contract

Samples: Indenture (Fidelis Insurance Holdings LTD)

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