Common use of Trustee May Enforce Claims Without Possession of Securities or Coupons Clause in Contracts

Trustee May Enforce Claims Without Possession of Securities or Coupons. All rights of action and claims under this Indenture or the Securities or coupons may be prosecuted and enforced by the Trustee without the possession of any of the Securities or coupons 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 agents and counsel, be for the ratable benefit of the Holders of the Securities and coupons in respect of which such judgment has been recovered. -38- SECTION 506. APPLICATION OF MONEY COLLECTED. Any money collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such money on account of principal (or premium, if any) or interest, upon presentation of the Securities or coupons, or both, as the case may be, and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid:

Appears in 2 contracts

Samples: Indenture (Pec Funding Trust I), Indenture (Pec Funding Trust I)

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Trustee May Enforce Claims Without Possession of Securities or Coupons. All rights of action and claims claim under this Indenture or Indenture, the Securities or coupons any Subsidiary Guarantee may be prosecuted and enforced by the Trustee without the possession of any of the Securities or coupons 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 agents and counsel, be for the ratable benefit of the Holders of the Securities and coupons in respect of which such judgment has been recovered. -38- SECTION 506. APPLICATION OF MONEY COLLECTED. Any Subject to Article Thirteen, any money collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such money on account of principal (or premium, if any) ), interest or interestany Additional Amounts, upon presentation of the Securities or coupons, or both, as the case may beSecurities, and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid:

Appears in 1 contract

Samples: Indenture (Viking International LTD)

Trustee May Enforce Claims Without Possession of Securities or Coupons. All rights of action and claims claim under this Indenture or the Securities or coupons may be prosecuted and enforced by the Trustee without the possession of any of the Securities or coupons 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 agents and counsel, be for the ratable benefit of the Holders of the Securities and coupons in respect of which such judgment has been recovered. -38- SECTION 506. APPLICATION OF MONEY COLLECTED. Any money collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such money on account of principal (or premium, if any) ), interest or interestany Additional Amounts, upon presentation of the Securities or coupons, or both, as the case may beSecurities, and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid:

Appears in 1 contract

Samples: Indenture (Cooper Cameron Corp)

Trustee May Enforce Claims Without Possession of Securities or Coupons. All rights of action and claims under this Indenture or any of the Securities or coupons may be prosecuted and enforced by the Trustee without the possession of any of the Securities or coupons 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 agents and counsel, be for the ratable benefit of the Holders of the Securities and coupons in respect of which such judgment has been recovered. -38- -40- 48 SECTION 506. APPLICATION OF MONEY COLLECTED. Any money collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such money on account of principal (or principal, any premium, if any) interest or interestAdditional Amounts, upon presentation of the Securities or coupons, or both, as the case may be, and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid:

Appears in 1 contract

Samples: Senior Indenture (American General Capital Iv)

Trustee May Enforce Claims Without Possession of Securities or Coupons. All rights of action and claims under this Indenture or any of the Securities or coupons may be prosecuted and enforced by the Trustee without the possession of any of the Securities or coupons 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, Trustee and its agents and counsel, be for the ratable benefit of the Holders of the Securities and coupons in respect of which such judgment has been recovered. -38- SECTION 506. 506 APPLICATION OF MONEY COLLECTED. COLLECTED Any money collected by the Trustee pursuant to this Article Five shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such money on account of principal (or premium, if any) or interestinterest and any Additional Amounts, upon presentation of the Securities or coupons, or both, as the case may be, and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid:

Appears in 1 contract

Samples: Indenture (Pan Pacific Retail Properties Inc)

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Trustee May Enforce Claims Without Possession of Securities or Coupons. All rights of action and claims under this Indenture or any of the Securities or coupons Coupons may be prosecuted and enforced by the Trustee without the possession of any of the Securities or coupons Coupons 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 shallor judgment, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, shall be for the ratable benefit of the Holders each and every Holder of the Securities and coupons a Security or Coupon in respect of which such judgment has been recovered. -38- SECTION Section 506. APPLICATION OF MONEY COLLECTED. Any money collected by the Trustee pursuant to this Article with respect to the Securities of any series shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such money on account of principal (principal, or any premium, if any) interest or interestAdditional Amounts, upon presentation of the such Securities or couponsthe Coupons, if any, appertaining thereto, or both, as the case may be, and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid:

Appears in 1 contract

Samples: Indenture (Packaging Corp of America)

Trustee May Enforce Claims Without Possession of Securities or Coupons. All rights of action and claims claim under this Indenture or the Securities or coupons may be prosecuted and enforced by the Trustee without the possession of any of the Securities or coupons 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 agents and counsel, be for the ratable benefit of the Holders of the Securities and coupons in respect of which such judgment has been recovered. -38- SECTION 506. APPLICATION OF MONEY COLLECTED. Any Subject to Article Thirteen, any money collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such money on account of principal (or premium, if any) ), interest or interestany Additional Amounts, upon presentation of the Securities or coupons, or both, as the case may beSecurities, and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid:

Appears in 1 contract

Samples: Indenture (Cooper Cameron Corp)

Trustee May Enforce Claims Without Possession of Securities or Coupons. All rights of action and claims under this Indenture or any of the Securities or coupons Coupons may be prosecuted and enforced by the Trustee without the possession of any of the Securities or coupons Coupons 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 or judgment shall, after provision for the payment of the reasonable compensation, expensesexpense, disbursements and advances of the Trustee, its agents and counsel, and for any other amounts due to the Trustee under Section 605, be for the ratable benefit of the Holders of the Securities and coupons or any Coupons in respect of which such judgment has been recovered. -38- SECTION 506. APPLICATION OF MONEY COLLECTED. Any money Money collected by the Trustee pursuant to this Article shall be applied in the following order, at the date date, or dates fixed by the Trustee and, in case of the distribution of such money Money on account of principal (or premium, if any) or interestinterest or Additional Amounts, upon presentation of the Securities or couponsCoupons, or both, as the case may be, and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid:

Appears in 1 contract

Samples: Indenture (Questar Gas Co)

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