Common use of Trustee May Perform Covenants Clause in Contracts

Trustee May Perform Covenants. If the Issuer shall fail to perform any of its covenants contained herein, the Trustee may in its discretion, but (subject to section 6.2) need not, notify the Holders of such failure or may itself perform any of such covenants capable of being performed by it and, if any such covenant requires the payment of money, it may make such payment with its own funds, or with money borrowed by it for such purpose, but shall be under no obligation to do so; and all sums so paid shall be payable by the Issuer in accordance with the provisions of section 5.4. No such performance by the Trustee of any covenant contained herein or payment by the Issuer of any sums advanced or borrowed by the Trustee pursuant to the foregoing provisions shall be deemed to relieve the Issuer from any default hereunder.

Trustee May Perform Covenants. If the Issuer shall fail to perform any of its covenants contained herein, the Trustee may in its discretion, but (subject to section Section 6.2) need not, notify the Holders of such failure or may itself perform any of such covenants capable of being performed by it and, if any such covenant requires the payment of money, it may make such payment with its own funds, or with money borrowed by it for such purpose, but shall be under no obligation to do so; and all sums so paid shall be payable by the Issuer in accordance with the provisions of section Section 5.4. No such performance by the Trustee of any covenant contained herein or payment by the Issuer of any sums advanced or borrowed by the Trustee pursuant to the foregoing provisions shall be deemed to relieve the Issuer from any default hereunder.

Trustee May Perform Covenants. If the Issuer Corporation shall fail to perform any of its covenants contained herein, the Trustee may in its discretion, but (subject to section 6.2Section 5.2) need not, notify the Holders Debentureholders of such failure or may itself perform any of such covenants capable of being performed by it and, if any such covenant requires the payment of money, it may make such payment with its own funds, or with money borrowed by it for such purpose, but shall be under no obligation to do so; and all sums so paid shall be payable by the Issuer Corporation in accordance with the provisions of section 5.4Section 4.4. No such performance by the Trustee of any covenant contained herein or payment by the Issuer Corporation of any sums advanced or borrowed by the Trustee pursuant to the foregoing provisions shall be deemed to relieve the Issuer Corporation from any default hereunder.

Trustee May Perform Covenants. If the Issuer Corporation shall fail to perform any of its covenants contained herein, the Trustee may in its discretion, but (subject to section 6.2) need not, notify the Holders Noteholders of such failure or may itself perform any of such covenants capable of being performed by it and, if any such covenant requires the payment of money, it may make such payment with its own funds, or with money borrowed by it for such purpose, but shall be under no obligation to do so; and all sums so paid shall be payable by the Issuer Corporation in accordance with the provisions of section 5.4subsection 5.5(1). No such performance by the Trustee of any covenant contained herein or payment by the Issuer Corporation of any sums advanced or borrowed by the Trustee pursuant to the foregoing provisions shall be deemed to relieve the Issuer Corporation from any default hereunder or its continuing obligations hereunder.

Trustee May Perform Covenants. If the Issuer Corporation shall fail to perform any of its covenants contained herein, the Trustee may in its discretion, but (subject to section 6.27.2) need not, notify the Holders Debentureholders of such failure or may itself perform any of such covenants capable of being performed by it and, if any such covenant requires the payment of money, it may make such payment with its own funds, or with money borrowed by it for such purpose, but shall be under no obligation to do so; and all sums so paid shall be payable by the Issuer Corporation in accordance with the provisions of section 5.46.5. No such performance by the Trustee of any covenant contained herein or payment by the Issuer Corporation of any sums advanced or borrowed by the Trustee pursuant to the foregoing provisions shall be deemed to relieve the Issuer Corporation from any default hereunder or its continuing obligations hereunder.

Trustee May Perform Covenants. If the Issuer Corporation shall fail to perform any of its covenants contained herein, the Trustee may in its discretion, but (subject to section subsection 6.2) need not, notify the Holders Noteholders of such failure or may itself perform any of such covenants capable of being performed by it and, if any such covenant requires the payment of money, it may make such payment with its own funds, or with money borrowed by it for such purpose, but shall be under no obligation to do so; and all sums so paid shall be payable by the Issuer Corporation in accordance with the provisions of section 5.4paragraph 5.5(1). No such performance by the Trustee of any covenant contained herein or payment by the Issuer Corporation of any sums advanced or borrowed by the Trustee pursuant to the foregoing provisions shall be deemed to relieve the Issuer Corporation from any default hereunder or its continuing obligations hereunder.