Right to Initiate Judicial Proceedings. If a Notice of Acceleration is in effect, the Collateral Trustee, upon the direction of the Directing Parties, as provided herein, and otherwise subject to the provisions of Section 2.5(b) and Section 5: (i) shall have the right and power to institute and maintain such suits and proceedings as it may deem appropriate to protect and enforce the rights vested in it by this Agreement and each other Trust Security Document and (ii) may, either after entry, or without entry, proceed by suit or suits at law or in equity to enforce such rights and to foreclose upon the Collateral and to sell all or, from time to time, any of the Collateral under the judgment or decree of a court of competent jurisdiction.
Right to Initiate Judicial Proceedings. The Collateral Agent (a) shall have the right and power to institute and maintain such suits and proceedings as it may deem appropriate to protect and enforce the rights vested in it by this Agreement and each Security Document and (b) may, either after entry, or without entry, proceed by suit or suits at law or in equity to enforce such rights and to foreclose upon the Collateral and to sell all or, from time to time, any of the Collateral under the judgment or decree of a court of competent jurisdiction.
Right to Initiate Judicial Proceedings. If a Notice of Acceleration is in effect, the Trustee (i) shall have the right and power to institute and maintain such suits and proceedings as it may deem appropriate to protect and enforce the rights vested in it by this Agreement and (ii) may proceed by suit or suits at law or in equity to enforce such rights and to foreclose upon the Collateral and to sell all or, from time to time, any of the Collateral under the judgment or decree of a court of competent jurisdiction.
Right to Initiate Judicial Proceedings. If a Notice of Acceleration is in effect, the Collateral Trustee, subject to the provisions of subsection 2.1(c), subsection 2.5 and Section 5, (i) shall have the right and power to institute and maintain such suits and proceedings as it may deem appropriate to protect and enforce the rights vested in it by this Collateral Trust Agreement and each Security Document and (ii) may, either after entry, or without entry, proceed by suit or suits at law or in equity to enforce such rights and to foreclose upon the Collateral and to sell all or, from time to time, any of the Collateral under the judgment or decree of a court of competent jurisdiction.
Right to Initiate Judicial Proceedings. 6 2.4 Right to Appoint a Receiver.................................................................
Right to Initiate Judicial Proceedings. If an Enforcement Period is in effect, the Collateral Trustee, subject to the provisions of subsection 3.5(b), (a) shall have the right and power to institute and maintain such suits and proceedings as it may deem appropriate to protect and enforce the rights vested in it or the Secured Parties by this Trust Agreement, the Second Priority Guarantees or any of the Second Priority Security Documents and (b) may proceed by suit or suits at law or in equity to enforce such rights and to foreclose upon the Second Priority Collateral and to sell all or, from time to time, any of the Trust Estate or Second Priority Collateral under the judgment or decree of a court of competent jurisdiction.
Right to Initiate Judicial Proceedings. Without limiting any provision contained in Section 2.1, the Trustee, subject to the provisions of clause (b) of Section 2.4, (i) shall have the right and power to institute and maintain such suits and proceedings as it may deem appropriate to protect and enforce the rights vested in it by this Agreement and each Security Document and (ii) may proceed by suit or suits at law or in equity to enforce such rights and to foreclose upon the Collateral and to sell all or, from time to time, any of the Collateral under the judgment or decree of a court of competent jurisdiction, in the case of each of clauses (i) and (ii), solely in accordance with Requisite Instructions delivered to the Trustee.
Right to Initiate Judicial Proceedings. 13 2.4 Right to Appoint a Receiver...................................... 13 2.5 Exercise of Powers; Instructions of Required Secured Parties.....
Right to Initiate Judicial Proceedings. The Security Agent (a) shall have the right and power to institute and maintain such actions, suits and proceedings (each a “suit”) as it may deem appropriate to protect and enforce the rights vested in it by this Deed and each Security Document and each Note Security Document and (b) may, either after entry, or without entry, proceed by suit or suits at law or in equity to enforce such rights and to foreclose upon the Collateral and to sell all or, from time to time, any of the Collateral under the judgment or decree of a court of competent jurisdiction. The Security Agent shall not be required to institute or maintain any such suits or enforce such rights or foreclose upon and sell the Collateral unless it has been fully indemnified to its satisfaction (acting reasonably) by the Secured Parties.
Right to Initiate Judicial Proceedings. If a Notice of Enforcement is in effect, the Trustees, subject to the provisions of subsection 2.5(b), (a) shall have the right and power to institute and maintain such suits and proceedings as they may deem appropriate to protect and enforce the rights vested in them by this Trust Agreement, the Guarantees and the Security Documents and (b) may proceed by suit or suits at law or in equity to enforce such rights and to foreclose upon the Collateral and to sell all or, from time to time, any of the Collateral under the judgment or decree of a court of competent jurisdiction.
