Common use of Rights Under Loan Agreement Clause in Contracts

Rights Under Loan Agreement. The Issuer agrees that the Trustee in its name or in the name of the Issuer may enforce all rights of the Issuer and all obligations of the Borrower under and pursuant to the Loan Agreement for and on behalf of the Bondholders, whether or not the Issuer is in default hereunder.

Appears in 4 contracts

Samples: Trust Indenture, Trust Indenture, Trust Indenture

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Rights Under Loan Agreement. The Issuer agrees that the Trustee Lead Noteholder in its name or in the name of the Issuer may enforce all rights of the Issuer and all obligations of the Borrower under and pursuant to the this Loan Agreement (except for the Unassigned Issuer’s Rights) for and on behalf of the BondholdersLead Noteholder, whether or not the Issuer is in default hereunder.

Appears in 1 contract

Samples: Note Purchase and Loan Agreement

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Rights Under Loan Agreement. The Issuer agrees that the Trustee Holders in its name their names or in the name of the Issuer may enforce all rights of the Issuer and all obligations of the Borrower under and pursuant to this Agreement (except for the Loan Agreement Unassigned Issuer’s Rights) for and on behalf of the BondholdersHolders, whether or not the Issuer is in default hereunder.. END OF ARTICLE VII

Appears in 1 contract

Samples: Bond Purchase and Loan Agreement (Franklin Electric Co Inc)

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