Common use of Certain Sales of Collateral Clause in Contracts

Certain Sales of Collateral. In connection with the exercise of any remedies under Section 703(v) the Trustee will not sell the Collateral or any portion thereof without the written consent of all of the Holders of the Bonds Outstanding unless the proceeds of such sale will be sufficient to satisfy all of the outstanding principal amount, accrued and unpaid interest, any Make-Whole Premium and all other amounts due and payable under the Bonds.

Appears in 1 contract

Sources: Indenture (Cedar Brakes I LLC)

Certain Sales of Collateral. In connection with the exercise of any remedies under Section 703(v703(e) the Trustee will not sell the Collateral or any portion thereof without the written consent of all of the Holders of the Bonds Outstanding unless the proceeds of such sale will be sufficient to satisfy all of the outstanding principal amount, accrued and unpaid interest, any Make-Whole Premium Premium, if any, and all other amounts due and payable under the Bonds.

Appears in 1 contract

Sources: Indenture (Cedar Brakes Ii LLC)

Certain Sales of Collateral. In connection with the exercise of any remedies under Section 703(v703(e) the Trustee will not sell the Collateral or any portion thereof without the written consent of all of the Holders of the Bonds Notes Outstanding unless the proceeds of such sale will be sufficient to satisfy all of the outstanding principal amount, accrued and unpaid interest, any Make-Whole Premium Premium, if any, and all other amounts due and payable under the BondsNotes.

Appears in 1 contract

Sources: Indenture (Calpine Corp)