Common use of Trustee May Enforce Claims Without Possession of Bonds Clause in Contracts

Trustee May Enforce Claims Without Possession of Bonds. All rights of action and claims under this Indenture or the Bonds of any series may be prosecuted and enforced by the Trustee without the possession of any of the Bonds of such series or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agent and counsel, be for the ratable benefit of the Holders of the Bonds of the series in respect of which such judgment has been recovered.

Trustee May Enforce Claims Without Possession of Bonds. All rights of action and claims under this Indenture or the Bonds of any series Series may be prosecuted and enforced by the Trustee without the possession of any of the Bonds of such series Series or the production thereof in any proceeding Proceeding relating thereto, and any such proceeding Proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agent agents and counsel, be for the ratable benefit of the Holders of the Bonds of the series in respect of which such judgment has been recovered.

Trustee May Enforce Claims Without Possession of Bonds. All rights of action and claims under this Standard Provisions Indenture or the Bonds of any series Series may be prosecuted and enforced by the Trustee without the possession of any of the Bonds of such series Series or the production thereof in any proceeding Proceeding relating thereto, and any such proceeding Proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agent agents and counsel, be for the ratable benefit of the Holders of the Bonds of the series Series affected thereby in respect of which such judgment has been recovered.

Trustee May Enforce Claims Without Possession of Bonds. All rights of action and claims under this Indenture or any of the Bonds of any series may be prosecuted and enforced by the Trustee without the possession of any of the Bonds of such series or the production thereof in any proceeding Proceeding relating thereto, and any such proceeding Proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shallshall be, after provision in accordance with Section 5.8, for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agent agents and counselcounsel and, be except to the extent specified otherwise in the Series Supplement for any Series of Bonds, for the ratable benefit of the Holders of the Bonds of the series Series in respect of which such judgment has been recovered.