Common use of Trustee May File Proofs of Claims Clause in Contracts

Trustee May File Proofs of Claims. In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Corporation or the property of the Corporation, the Trustee (irrespective of whether the principal of the Notes shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Corporation for the payment of overdue principal or interest) shall be entitled and empowered, by intervention in such proceeding or otherwise,

Appears in 6 contracts

Samples: Education Loans Inc /De, Please Insert Social Security (Education Loans Inc /De), Participation Agreement (Education Loans Inc /De)

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Trustee May File Proofs of Claims. In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Corporation Issuer or the property of the CorporationIssuer, the Trustee (irrespective of whether the principal of the Notes shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Corporation Issuer for the payment of overdue principal or interest) shall be entitled and empowered, by intervention in such proceeding or otherwise,

Appears in 1 contract

Samples: Collegiate Funding Services Inc

Trustee May File Proofs of Claims. In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Corporation Company or any other obligor upon the Securities, including the property of the CorporationCompany or of such other obligor or their creditors, the Trustee (irrespective of whether the principal of the Notes Securities shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Corporation Company for the payment of overdue principal or interest) shall be entitled and empowered, by intervention in such proceeding or otherwise,

Appears in 1 contract

Samples: Westpoint Stevens Inc

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Trustee May File Proofs of Claims. In case of the --------------------------------- pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Corporation or the property of the Corporation, the Trustee (irrespective of whether the principal of the Notes shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Corporation for the payment of overdue principal or interest) shall be entitled and empowered, by intervention in such proceeding or otherwise,

Appears in 1 contract

Samples: Education Loans Inc /De

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