Common use of Authorization of Actions to Be Taken by the Trustee Under the Security Documents Clause in Contracts

Authorization of Actions to Be Taken by the Trustee Under the Security Documents. Subject to the terms of the Intercreditor Agreement and the provisions of Section 7.01 and 7.02 hereof, the Trustee may, in its sole discretion and without the consent of the Holders of Notes, direct, on behalf of the Holders of Notes, the Collateral Agent to take all actions the Trustee deems necessary or appropriate in order to: (1) enforce any of the terms of the Security Documents; and (2) collect and receive any and all amounts payable in respect of the Obligations of the Company hereunder. Subject to the terms of the Intercreditor Agreement, the Trustee may institute and maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral by any acts that may be unlawful or in violation of the Security Documents or this Indenture, and such suits and proceedings as the Trustee may deem expedient to preserve or protect its interests and the interests of the Holders of Notes in the Collateral (including power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the security interest hereunder or be prejudicial to the interests of the Holders of Notes or of the Trustee).

Appears in 2 contracts

Sources: Indenture (Ap Holdings Inc), Indenture (Apcoa Standard Parking Inc /De/)

Authorization of Actions to Be Taken by the Trustee Under the Security Documents. Subject to the terms of the Intercreditor Agreement and the provisions of Section 7.01 and 7.02 hereof, the Trustee may, in its sole discretion and without the consent of the Holders of Notes, direct, on behalf of the Holders of Notes, the Collateral Agent to Trustee to, take all actions the Trustee it deems necessary or appropriate in order to: (1) enforce any of the terms of the Security Documents; and (2) collect and receive any and all amounts payable in respect of the Obligations of the Company hereunder. Subject The Trustee will have power to the terms of the Intercreditor Agreement, the Trustee may institute and maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral by any acts that may be unlawful or in violation of the Security Documents or this Indenture, and such suits and proceedings as the Trustee may deem expedient to preserve or protect its interests and the interests of the Holders of Notes in the Collateral (including power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the security interest hereunder or be prejudicial to the interests of the Holders of Notes or of the Trustee).. Notwithstanding the foregoing, it is understood that the Trustee shall have no obligation to take any action whatsoever under this Section 10.05

Appears in 2 contracts

Sources: Indenture (Hc2 Holdings, Inc.), Indenture (Hc2 Holdings, Inc.)

Authorization of Actions to Be Taken by the Trustee Under the Security Documents. Subject to the terms of the Intercreditor Agreement and the provisions of Section Sections 7.01 and 7.02 hereof, the Trustee may, in its sole discretion shall and without the consent of the Holders of Senior Subordinated Notes, direct, on behalf of the Holders of Senior Subordinated Notes, the Collateral Agent Securities Intermediary to take all actions the Trustee it deems necessary or appropriate in order to: to (1a) enforce any of the terms of the Security Documents; and Documents and (2b) collect and receive any and all amounts payable in respect of the Obligations obligations of the Company hereunder. Subject The Trustee shall have power to the terms of the Intercreditor Agreement, the Trustee may institute and maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral by any acts that may be unlawful or in violation of the Security Documents or this Indenture, and such suits and proceedings as the Trustee may deem expedient to preserve or protect its interests and the interests of the Holders of Notes in the Collateral (including power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the security interest hereunder or be prejudicial to the interests of the Holders of Notes or of to the Trustee).

Appears in 1 contract

Sources: Indenture (Donnelley R H Inc)

Authorization of Actions to Be Taken by the Trustee Under the Security Documents. Subject to the terms provisions of the Intercreditor Agreement and the provisions of Section 7.01 and 7.02 hereofSecurity Documents, the Trustee may, in its sole discretion and without the consent of the Holders (and shall, at the direction of Holders holding the requisite principal amount of Notes), direct, on behalf of the Holders of NotesHolders, the Collateral Agent to take all actions the Trustee it deems necessary or appropriate in order to: to (1a) enforce any of the terms of the Intercreditor Agreement and the Security Documents; and Documents and (2b) collect and receive any and all amounts payable in respect of the Obligations obligations of the Company AirGate hereunder. Subject The Trustee shall have the power to the terms of the Intercreditor Agreement, the Trustee may institute and maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral by any acts that may be unlawful or in violation of the Intercreditor Agreement and the Security Documents or this Indenture, and such suits and proceedings as the Trustee may deem expedient to preserve or protect its interests and the interests of the Holders of Notes in the Collateral (including the power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the security interest hereunder or be prejudicial to the interests of the Holders of Notes or of the Trustee).

Appears in 1 contract

Sources: Indenture (Airgate PCS Inc /De/)

Authorization of Actions to Be Taken by the Trustee Under the Security Documents. Subject to the terms of the Intercreditor Agreement and the provisions of Section Sections 7.01 and 7.02 hereof, the Trustee may, in its sole discretion and without the consent of the Holders of Notes, direct, on behalf of the Holders of Notes, the Collateral Agent Trustee or the Collateral Agent, as the case may be, to take all actions the Trustee it deems necessary or appropriate in order to: to (1a) enforce any of the terms of the Security Documents; and Documents and (2b) collect and receive any and all amounts payable in respect of the Obligations obligations of the Company and Guarantee hereunder. Subject The Trustee shall have power to the terms of the Intercreditor Agreement, the Trustee may institute and maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Pledged Collateral by any acts that may be unlawful or in violation of the Security Documents or this Indenture, and such suits and proceedings as the Trustee may deem expedient to preserve or protect its interests and the interests of the Holders of Notes in the Pledged Collateral (including power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the security interest hereunder or be prejudicial to the interests of the Holders of Notes or of to the Trustee).

Appears in 1 contract

Sources: Indenture (Alta One Inc.)

Authorization of Actions to Be Taken by the Trustee Under the Security Documents. Subject to the terms of the Intercreditor Agreement and the provisions of Section 7.01 and 7.02 hereofhereof and the Intercreditor Agreement, the Trustee may, in its sole discretion and without the consent of the Holders of NotesHolders, direct, on behalf of the Holders of NotesHolders, the Collateral Agent to take all actions the Trustee it deems necessary or appropriate in order to: (1a) enforce any of the terms of the Security Documents; and (2b) collect and receive any and all amounts payable in respect of the Obligations of the Company hereunder. Subject to the terms Section 3 of the Intercreditor Agreement, the Trustee may will have power to institute and maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral by any acts that may be unlawful or in violation of the Security Documents or this Indenture, and such suits and proceedings as the Trustee may deem expedient to preserve or protect its interests and the interests of the Holders of Notes in the Collateral (including power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the security interest hereunder or be prejudicial to the interests of the Holders of Notes or of the Trustee).

Appears in 1 contract

Sources: Indenture (Uniplast Industries Co)

Authorization of Actions to Be Taken by the Trustee Under the Security Documents. Subject to the terms of the Intercreditor Agreement and the provisions of Section Sections 7.01 and 7.02 hereof, the Trustee may, in its sole discretion and without the consent of the Holders of Notes, direct, on behalf of the Holders of Notes, the Collateral Agent Trustee or the Collateral Agent, as the case may be, to take all actions the Trustee it deems necessary or appropriate in order to: to (1a) enforce any of the terms of the Security Documents; and Documents and (2b) collect and receive any and all amounts payable in respect of the Obligations obligations of the Company hereunder. Subject The Trustee shall have power to the terms of the Intercreditor Agreement, the Trustee may institute and maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral by any acts that may be unlawful or in violation of the Security Documents or this Indenture, and such suits and proceedings as the Trustee may deem expedient to preserve or protect its interests and the interests of the Holders of Notes in the Collateral (including power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the security interest hereunder or be prejudicial to the interests of the Holders of Notes or of to the Trustee).

Appears in 1 contract

Sources: Indenture (Solutia Inc)

Authorization of Actions to Be Taken by the Trustee Under the Security Documents. Subject to the terms of the Intercreditor Agreement and the provisions of Section 7.01 5.1 and 7.02 5.2 hereof, the Trustee mayshall, in its sole discretion and without the consent of the Holders of NotesSecurities, direct, on behalf of the Holders of NotesSecurities, the Collateral Agent Trustee to take all actions the Trustee it deems necessary or appropriate in order to: to (1a) enforce any of the terms of the Security Documents; and Documents and (2b) collect collect, receive and receive distribute any and all amounts payable in respect of the Obligations obligations of the Company Issuer hereunder. Subject The Trustee and the Collateral Trustee shall have power to the terms of the Intercreditor Agreement, the Trustee may institute and maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral by any acts that may be unlawful or in violation of the Security Documents or this Indenture, and such suits and proceedings as the Trustee or the Collateral Trustee may deem expedient to preserve or protect its interests and the interests of the Holders of Notes Securities in the Collateral (including power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the security interest hereunder or be prejudicial to the interests of the Holders of Notes Securities or of the Trustee or the Collateral Trustee).

Appears in 1 contract

Sources: Indenture (Weirton Steel Corp)

Authorization of Actions to Be Taken by the Trustee Under the Security Documents. Subject to the terms of the Intercreditor Agreement and the provisions of Section 7.01 SECTIONS 6.01 and 7.02 6.02 hereof, the Trustee may, in its sole discretion and without the consent of the Holders Holders, and may direct, in its sole discretion and without the consent of Notes, directthe Holders, on behalf of the Holders of NotesHolders, the Collateral Agent to Agents to, take all actions the Trustee it deems necessary or appropriate in order to: (1a) enforce any of the terms of the Security Documents; and (2b) collect and receive any and all amounts payable in respect of the Obligations obligations of the Company or the Guarantors hereunder. Subject to the terms of provisions hereof and the Intercreditor AgreementSecurity Documents, the Trustee may will have power to institute and maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral by any acts that may be unlawful or in violation of the Security Documents or this Indenture, and such suits and proceedings as the Trustee may deem expedient to preserve or protect its interests and the interests of the Holders of Notes in the Collateral (including power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the security interest hereunder or be prejudicial to the interests of the Holders of Notes or of the Trustee).

Appears in 1 contract

Sources: Indenture (LDK Solar Co., Ltd.)