Trustee May Perform. Without limiting the authority granted under Section 1(g) and except with respect to the failure of the Company to deliver investment instructions, which shall be governed by Section 2(c) hereof, if the Company fails to perform any agreement contained herein, the Trustee may, but shall not be obligated to, itself perform, or cause performance of, such agreement, and the expenses of the Trustee incurred in connection therewith shall be payable by the Company. In the event that the Trustee performs pursuant to this Section 1(h), the Company shall indemnify the Trustee in the manner provided in Section 607 of the Indenture.
Appears in 2 contracts
Samples: Proceeds Pledge and Escrow Agreement (Iat Multimedia Inc), Proceeds Pledge and Escrow Agreement (Iat Multimedia Inc)
Trustee May Perform. Without limiting the authority granted under Section 1(g) and except with respect to the failure of the Company to deliver investment instructions, which shall be governed by Section 2(c2(b) hereof, if the Company fails to perform any agreement contained herein, the Trustee may, but shall not be obligated to, itself perform, or cause performance of, such agreement, and the expenses of the Trustee incurred in connection therewith shall be payable by the Company. In the event that the Trustee performs pursuant to this Section 1(h), the Company shall indemnify the Trustee in the manner provided in Section 607 7.07 of the Indenture.
Appears in 2 contracts
Samples: Indenture (Premier Parks Inc), Indenture (Premier Parks Inc)
Trustee May Perform. Without limiting the authority granted under Section 1(g) 1.7 hereof and except with respect to the failure of the Company to deliver investment instructions, which shall be governed by Section 2(c) 2.1 hereof, if the Company fails to perform any agreement contained herein, the Trustee or the Agent may, but shall not be obligated to, itself perform, or cause performance of, such agreement, and the expenses of the Trustee or the Agent incurred in connection therewith shall be payable by the Company. In the event that the Trustee performs pursuant to this Section 1(h), the Company and shall indemnify the Trustee in the manner provided in Section 607 of the Indenturebe deemed Secured Obligations hereunder.
Appears in 1 contract
Samples: Pledge Agreement (GNLV Corp)
Trustee May Perform. Without limiting the authority granted under Section 1(g) and except with respect to the failure of the Company to deliver investment instructions, which shall be governed by Section 2(c) hereof, if the Company fails to perform any agreement contained herein, the Trustee may, but shall not be obligated to, itself perform, or cause performance of, such agreement, and the expenses of the Trustee incurred in connection therewith shall be payable by the Company. In the event that the Trustee performs pursuant to this Section 1(h), the Company shall indemnify the Trustee in the manner provided in Section 607 7.07 of the Indenture.
Appears in 1 contract
Samples: Proceeds Pledge and Escrow Agreement (Interamericas Communications Corp)
Trustee May Perform. Without limiting the authority granted under Section 1(g) 1.7 hereof and except with respect to the failure of the Company and the Initial Purchasers to deliver investment instructions, which shall be governed by Section 2(c) 2.1 hereof, if the Company fails and the Initial Purchasers fail to perform any agreement contained herein, the Trustee or the Escrow Agent may, but shall not be obligated to, itself perform, or cause performance of, such agreement, and the expenses of the Trustee or the Escrow Agent incurred in connection therewith shall be payable by the Company. In the event that the Trustee performs pursuant to this Section 1(h), the Company and shall indemnify the Trustee in the manner provided in Section 607 of the Indenturebe deemed Secured Obligations hereunder.
Appears in 1 contract