Common use of Suit for Enforcement Clause in Contracts

Suit for Enforcement. If an Event of Servicing Termination shall occur and be continuing under the Titling Trust Agreement, as supplemented by the 1998-C SUBI Servicing Supplement with respect to the 1998-C SUBI Portfolio, the 1998-C Securitization Trustee, in its discretion may, subject to the provisions of Sections 6.01 and 6.02 hereof and Sections 6.01(b) and 6.01(c) of the 1998-C SUBI Servicing Supplement, proceed to protect and enforce its rights and the rights of the Certificateholders under this 1998-C Securitization Trust Agreement, the Titling Trust Agreement and the 1998-C SUBI Servicing Supplement by a suit, action or proceeding in equity or at law or otherwise, whether for the specific performance of any covenant or agreement contained herein or therein or in aid of the execution of any power granted herein or therein or for the enforcement of any other legal, equitable or other remedy as the 1998-C Securitization Trustee, being advised by counsel, shall deem most effectual to protect and enforce any of the rights of the 1998-C Securitization Trustee or the Certificateholders.

Appears in 2 contracts

Samples: Securitization Trust Agreement (Toyota Auto Lease Trust 1998 C), Securitization Trust Agreement (Toyota Lease Trust)

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Suit for Enforcement. If an Event of Servicing Termination shall occur and be continuing under the Titling Trust Agreement, as supplemented by the 1998-C B SUBI Servicing Supplement with respect to the 1998-C B SUBI Portfolio, the 1998-C B Securitization Trustee, in its discretion may, subject to the provisions of Sections 6.01 and 6.02 hereof and Sections 6.01(b) and 6.01(c) of the 1998-C B SUBI Servicing Supplement, proceed to protect and enforce its rights and the rights of the Certificateholders under this 1998-C B Securitization Trust Agreement, the Titling Trust Agreement and the 1998-C B SUBI Servicing Supplement by a suit, action or proceeding in equity or at law or otherwise, whether for the specific performance of any covenant or agreement contained herein or therein or in aid of the execution of any power granted herein or therein or for the enforcement of any other legal, equitable or other remedy as the 1998-C B Securitization Trustee, being advised by counsel, shall deem most effectual to protect and enforce any of the rights of the 1998-C B Securitization Trustee or the Certificateholders.

Appears in 1 contract

Samples: Execution Copy (Toyota Auto Lease Trust 1998-B)

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Suit for Enforcement. If an Event of Servicing Termination shall occur and be continuing under the Titling Trust Agreement, as supplemented by the 19981997-C A SUBI Servicing Supplement with respect to the 19981997-C A SUBI Portfolio, the 19981997-C A Securitization Trustee, in its discretion may, subject to the provisions of Sections 6.01 and 6.02 hereof and Sections 6.01(b) and 6.01(c) of the 19981997-C A SUBI Servicing Supplement, proceed to protect and enforce its rights and the rights of the Certificateholders under this 19981997-C A Securitization Trust Agreement, the Titling Trust Agreement and the 19981997-C A SUBI Servicing Supplement by a suit, action or proceeding in equity or at law or otherwise, whether for the specific performance of any covenant or agreement contained herein or therein or in aid of the execution of any power granted herein or therein or for the enforcement of any other legal, equitable or other remedy as the 19981997-C A Securitization Trustee, being advised by counsel, shall deem most effectual to protect and enforce any of the rights of the 19981997-C A Securitization Trustee or the Certificateholders.

Appears in 1 contract

Samples: Securitization Trust Agreement (Toyota Auto Lease Trust 1997-A)

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