Concerning the Trustee Events of Default Clause Samples

The 'Concerning the Trustee; Events of Default' clause defines the trustee's rights, duties, and responsibilities in the event that a default occurs under the agreement. It typically outlines the actions the trustee is authorized or required to take, such as notifying beneficiaries or taking steps to protect trust assets, when certain triggering events—like missed payments or breaches of obligation—happen. This clause ensures that there is a clear process for managing defaults, thereby protecting the interests of the trust's beneficiaries and providing a structured response to potential problems.
Concerning the Trustee Events of Default. 64 Section 6.01.
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Concerning the Trustee Events of Default. Section 6.01 Duties of Trustee. Section 6.02 Certain Matters Affecting the Trustee .
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Concerning the Trustee Events of Default. Section 6.01 Duties of Trustee. Section 6.02 Certain Matters Affecting the Trustee. Section 6.03 Trustee Not Liable for Certificates. 74 Section 6.04 Trustee May Own Certificates. 75 Section 6.05 Eligibility Requirements for Trustee. 75 Section 6.06 Resignation and Removal of Trustee. 75 Section 6.07 Successor Trustee. 76 Section 6.08 Merger or Consolidation of Trustee. 77
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Concerning the Trustee Events of Default. 83 Section 6.01 Duties of Trustee................................................................ 83 Section 6.02 Certain Matters Affecting the Trustee............................................ 85 Section 6.03 Trustee Not Liable for Certificates.............................................. 86 Section 6.04 Trustee May Own Certificates..................................................... 87
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Concerning the Trustee Events of Default. Section 6.01 Duties of Trustee. Section 6.02 Certain Matters Affecting the Trustee . 102 Section 6.03 Trustee Not Liable for Certificates. 103 Section 6.04 Trustee May Own Certificates. 103 Section 6.05 Eligibility Requirements for Trustee. 103 Section 6.06 Resignation and Removal of Trustee . 104 Section 6.07 Successor Trustee. 105 Section 6.08 Merger or Consolidation of Trustee. 106 Section 6.09 Appointment of Co-Trustee, Separate Trustee or Custodian. 106 Section 6.10 Authenticating Agents. 107 Section 6.11 Indemnification of Trustee. 108
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Concerning the Trustee Events of Default. 61 Section 6.01. Duties of Trustee.................................... 61 Section 6.02. Certain Matters Affecting the Trustee................ 63 TABLE OF CONTENTS (continued)
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Concerning the Trustee Events of Default. Section 6.01
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Concerning the Trustee Events of Default 
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Related to Concerning the Trustee Events of Default

  • Remedies of the Trustee and Securityholders on Event of Default SECTION 5.1 Event of Default Defined; Acceleration of Maturity; Waiver of Default. "Event of Default" with respect to Securities of any series wherever used herein, means each one of the following events which shall have occurred and be continuing (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law, pursuant to Article Thirteen or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):

  • Additional Remedies of Trustee Upon Event of Default During the continuance of any Event of Default, so long as such Event of Default shall not have been remedied, the Trustee, in addition to the rights specified in Section 6.14, shall have the right, in its own name and as trustee of the Trust Fund, to take all actions now or hereafter existing at law, in equity or by statute to enforce its rights and remedies and to protect the interests, and enforce the rights and remedies, of the Certificateholders (including the institution and prosecution of all judicial, administrative and other proceedings and the filings of proofs of claim and debt in connection therewith). Except as otherwise expressly provided in this Agreement, no remedy provided for by this Agreement shall be exclusive of any other remedy, and each and every remedy shall be cumulative and in addition to any other remedy, and no delay or omission to exercise any right or remedy shall impair any such right or remedy or shall be deemed to be a waiver of any Event of Default.

  • Waiver of Master Servicer Events of Default Subject to Section 11.09(d), the Holders representing at least 66% of the Voting Rights evidenced by all Classes of Certificates affected by any default or Master Servicer Event of Default hereunder may waive such default or Master Servicer Event of Default; provided, however, that a default or Master Servicer Event of Default under clause (i) or (vi) of Section 7.01 may be waived only by all of the Holders of the Regular Certificates. Upon any such waiver of a default or Master Servicer Event of Default, such default or Master Servicer Event of Default shall cease to exist and shall be deemed to have been remedied for every purpose hereunder. No such waiver shall extend to any subsequent or other default or Master Servicer Event of Default or impair any right consequent thereon except to the extent expressly so waived.

  • Certain Events of Default The following Events of Default will apply to the parties as specified below, and the definition of “Event of Default” in Section 14 is deemed to be modified accordingly: Section 5(a) (i) (Failure to Pay or Deliver) will apply to Party A and Party B. Section 5(a)(ii) (Breach of Agreement) will not apply to Party A or Party B. Section 5(a)(iii) (Credit Support Default) will not apply to Party A or Party B. Section 5(a)(iv) (Misrepresentation) will not apply to Party A or Party B. Section 5(a)(v) (Default under Specified Transaction) will not apply to Party A or Party B. Section 5(a)(vi) (Cross Default) will not apply to Party A or Party B. Section 5(a)(vii) (Bankruptcy) will apply to Party A and Party B; provided that clause (2) thereof shall not apply to Party B. Section 5(a)(viii) (Merger without Assumption) will apply to Party A and Party B.

  • Events of Default and Termination Events The following Events of Default and Termination Events shall apply to Party A and Party B as set forth below: