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

Trustee May Enforce Claims Without Possession of Notes. (a) In all Proceedings brought by the Trustee in accordance with this Indenture (and also any Proceedings involving the interpretation of any provision of this Indenture to which the Trustee shall be a party), the Trustee shall be held to represent all of the Noteholders and it shall not be necessary to make any Noteholder a party to any such Proceedings.

Appears in 7 contracts

Samples: Indenture (LEAF Equipment Finance Fund 4, L.P.), Indenture (Resource America, Inc.), Lockbox Intercreditor Agreement (Resource America, Inc.)

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Trustee May Enforce Claims Without Possession of Notes. (a) In all Proceedings brought by the Trustee in accordance with this Indenture (and also any Proceedings involving the interpretation of any provision of this Indenture to which the Trustee shall be a party), the Trustee shall be held to represent all of the Noteholders Noteholders, and it shall not be necessary to make any Noteholder a party to any such Proceedings.

Appears in 5 contracts

Samples: Indenture (Trendwest Resorts Inc), Indenture (Sunrise Resources Inc\mn), Trendwest Resorts Inc

Trustee May Enforce Claims Without Possession of Notes. (a) In all Proceedings brought by the Trustee in accordance with this Indenture (and also any Proceedings involving the interpretation of any provision of this Indenture the Transaction Documents to which the Trustee shall be a party), the Trustee shall be held to represent all of the Noteholders Noteholders, and it shall not be necessary to make any Noteholder a party to any such Proceedings.

Appears in 1 contract

Samples: Trendwest Resorts Inc

Trustee May Enforce Claims Without Possession of Notes. (a) In all Proceedings brought by the Trustee in accordance with this Indenture (and also any Proceedings involving the interpretation of any provision of this Indenture any Transaction Document to which the Trustee shall be a party), the Trustee shall be held to represent all of the Noteholders Noteholders, and it shall not be necessary to make any Noteholder a party to any such Proceedings.

Appears in 1 contract

Samples: Indenture (Financial Pacific Co)

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Trustee May Enforce Claims Without Possession of Notes. (a) In all Proceedings any proceedings brought by the Trustee in accordance with this Indenture (and also in any Proceedings proceedings involving the interpretation of any provision of this Indenture to which the Trustee shall be a party), ) the Trustee shall be held to represent all the Holders of the Noteholders Notes, and it shall not be necessary to make any Noteholder a party Holders of the Notes parties to any such Proceedingsproceedings.

Appears in 1 contract

Samples: First Supplemental Indenture (Sonic Automotive Inc)

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