Common use of Collection of Indebtedness and Suits for Enforcement by Indenture Trustee Clause in Contracts

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. The Issuer covenants that if there is a default in the payment of (i) any interest on the Senior Notes when the same becomes due and payable, and such default continues for a period of five days or (ii) the principal of the Senior Notes at the Senior Note Final Payment Date or the Redemption Date, the Issuer shall, upon demand of the Indenture Trustee, pay to the Indenture Trustee, for the benefit of such Senior Noteholders, the entire amount then due and payable on such Senior Notes for principal and interest, with interest on the overdue principal, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the Overdue Interest Rate and in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents, attorneys and counsel.

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. The Issuer Owner Trustee covenants that if there (i) default is a default made in the payment of (i) any interest on the Senior Notes any Note when the same becomes due and payable, and such default continues for a period of five days days, or (ii) default is made in the payment of the principal of or any installment of the Senior Notes at principal of any Note when the Senior Note Final Payment Date or the Redemption Datesame becomes due and payable, the Issuer shallOwner Trustee will, upon demand of the Indenture Trustee, pay to the Indenture Trusteeit, for the benefit of such Senior Noteholdersthe Holders of the Notes, the entire whole amount then due and payable on such Senior Notes for principal and interest, with interest on upon the overdue principal, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the Overdue Interest Rate rate specified in Section 2.7 and in addition thereto, thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents, attorneys agents and counsel.

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. The Issuer covenants that if there (i) default is a default made in the payment of (i) any interest on the Senior Notes any Note when the same becomes due and payable, and such default continues for a period of five days days, or (ii) default is made in the payment of the principal of or any installment of the Senior Notes at principal of any Note when the Senior Note Final Payment Date or the Redemption Datesame becomes due and payable, the Issuer shallwill, upon demand of the Indenture TrusteeTrustee and at the direction of the Note Insurer, pay to the Indenture Trustee, for the benefit of such Senior Noteholdersthe Owners of the Notes and the Note Insurer, the entire whole amount then due and payable on such Senior Notes for principal and interest, with interest on upon the overdue principal, principal and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, interest at the Overdue Interest Rate rate borne by the Notes and in addition thereto, thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents, attorneys the Note Insurer and their respective agents and counsel.

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. i) The Issuer covenants that if there (i) default is a default made in the payment of (i) any interest on the Senior Notes any Note when the same becomes due and payable, and such default continues for a period of five days days, or (ii) default is made in the payment of the principal of or any installment of the Senior Notes at principal of any Note when the Senior Note Final Payment Date or the Redemption Datesame becomes due and payable, the Issuer shallwill, upon demand of the Indenture Trustee, pay to the Indenture Trusteeit, for the benefit of such Senior Noteholdersthe Holders of the Notes, the entire whole amount then due and payable on such Senior Notes for principal and interest, with interest on the overdue principal, principal and, to the extent payment at such rate of interest shall be legally enforceable, upon on overdue installments of interest, interest at the Overdue Interest Rate and rate borne by the Notes and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents, attorneys agents and counsel.

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. The (a) Issuer covenants that if there (i) default is a default made in the payment of (i) any interest on the Senior Notes any Note when the same becomes due and payable, and such default continues for a period of five days days, or (ii) default is made in the payment of the principal of or any installment of the Senior Notes at principal of any Note when the Senior Note Final Payment Date or the Redemption Datesame becomes due and payable, the Issuer shallwill, upon demand of the Indenture Trustee, pay to the Indenture Trusteeit, for the benefit of such Senior Noteholdersthe Holders of the Notes, the entire whole amount then due and payable on such Senior Notes for principal and interest, with interest on upon the overdue principal, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the Overdue Interest Rate rate specified in Section 2.7 and in addition thereto, thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents, attorneys agents and counsel.