Default Provisions and Remedies of Trustee and Bondholders Sample Clauses

Default Provisions and Remedies of Trustee and Bondholders. SECTION 601.
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Default Provisions and Remedies of Trustee and Bondholders. Section 6.01. Events of Default 58 Section 6.02. Acceleration; Other Remedies Upon Event of Default 58 Section 6.03. Rights of Bondholders 60 Section 6.04. Waiver by Issuer 61 Section 6.05. Application of Money After Default 61 Section 6.06. Rights of the Credit Facility Provider 62 Section 6.07. Remedies Vested in Trustee 62 Section 6.08. Remedies of Bondholders 63 Section 6.09. Termination of Proceedings 63 Section 6.10. Waivers of Events of Default 63 Section 6.11. Notice to Bondholders if Default Occurs 64 ARTICLE VII CONCERNING THE TRUSTEE Section 7.01. Standard of Care 65 Section 7.02. Reliance Upon Documents 65 Section 7.03. Use of Proceeds 68 Section 7.04. Trustee May Hold Bonds 68 Section 7.05. Trust Imposed 68 Section 7.06. Compensation of Trustee 68 Section 7.07. Qualifications of Trustee 69 Section 7.08. Merger of Trustee 69 Section 7.09. Resignation by the Trustee 70 Section 7.10. Removal of the Trustee 70 Section 7.11. Appointment of Successor Trustee 70 Section 7.12. Concerning Any Successor Trustee 71 Section 7.13. Successor Trustee as Trustee, Paying Agent and Bond ▇▇▇▇▇▇▇▇▇ ▇▇ Section 7.14. Appointment of Co-Trustee or Separate Trustee 71 Section 7.15. Notice of Certain Events 73 Section 7.16. Record of Freddie Mac Credit Enhancement Payments and Freddie Mac Reimbursement Amounts 73 Section 7.17. Filing of Financing Statements 73 Section 7.18. USA Patriot Act Requirements of the Trustee 73
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Default Provisions and Remedies of Trustee and Bondholders. Section 1101. Defaults; Events of Default 68 Section 1102. Acceleration 69 Section 1103. Other Remedies 70 Section 1104. Right of Bondholders to Direct Proceeding 70 Section 1105. Application of Moneys 71 Section 1106. Rights and Remedies Vested in Trustee 72 Section 1107. Rights and Remedies of Bondholders 73 Section 1108. Termination of Proceedings 73 Section 1109. Waivers of Events of Default 73
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Default Provisions and Remedies of Trustee and Bondholders. Section 901. Events of Default. Each of the following events is hereby defined as and shall constitute an "Event of Default" under this Indenture: (a) if payment of any installment of interest on any Bond is not made when it becomes due and payable; (b) if payment of any portion of the principal or Redemption Price on any Bond is not made when it becomes due and payable whether at stated Redemption, by call for Redemption other than an optional redemption pursuant to Sections 301(e), 304(b) and 304(c) hereof, acceleration or otherwise; (c) receipt by the Trustee from the Letter of Credit Issuer of (i) a written declaration from the Letter of Credit Issuer of the occurrence of an "Event of Default" under the Reimbursement Agreement or (ii) notice that the Letter of Credit Issuer has elected not to reinstate an "A Drawing" under the Letter of Credit in accordance with the terms of the Letter of Credit, together with a written direction from the Letter of Credit Issuer to declare an Event of Default hereunder and under the Loan Agreement and to accelerate the Bonds; (d) if the Letter of Credit Issuer shall wrongfully refuse to honor the Letter of Credit; and (e) receipt by the Trustee of written notice from the Authority of the occurrence of an Event of Default under the Loan Agreement (but only with the consent of the Letter of Credit Issuer as long as the Letter of Credit is in full force and effect and the Letter of Credit Issuer is not in default in its obliga- tions under the Letter of Credit), other than an Event of Default under Subsection 901(a) or (b) above. Section 902. Acceleration. (a) (i) Upon any Event of Default under Section 901 hereof (except an Event of Default under Section 901(c) which shall be treated as set forth in 902(a)(ii) below), while the Letter of Credit is not in effect or while the Letter of Credit Issuer is then in default of its obligations thereunder, upon the written request of the Holders of not less than fifty-one percent (51%) in aggregate principal amount of Bonds then Outstanding or (ii) upon the occurrence of any Event of Default under Section 901(c), the Trustee shall, by notice in writing delivered to the Authority, the Borrower and the Letter of Credit Issuer, declare the principal of all Bonds then Outstanding and the interest accrued on such Bonds to the date of the declaration of acceleration to be due and payable, whereupon such principal and interest shall become and be immediately due and payable and declare t...
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Default Provisions and Remedies of Trustee and Bondholders. 48 Section 9.01 Defaults; Events of Default 48 Section 9.02 Other Remedies 48 Section 9.03 Rights of Holders of Series 2017 Bonds 49
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Default Provisions and Remedies of Trustee and Bondholders. Events of Default. Each of the following shall be an ------------ ----------------- Event of Default:
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Default Provisions and Remedies of Trustee and Bondholders 
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Related to Default Provisions and Remedies of Trustee and Bondholders

  • Remedies of Trustee 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 8.01, shall have the right, in its own name as trustee of an express trust, 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 filing 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.

  • Other Remedies of Trustee 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 7.01, shall have the right, in its own name as trustee of an express trust, 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 filing 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.

  • 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.

  • Events of Default Rights and Remedies on Default 56 11.1. Events of Default. 56 11.2. Acceleration of the Obligations; Termination of Commitments. 59 11.3. Other Remedies. 60 11.4. Setoff. 61 11.5. Remedies Cumulative; No Waiver. 62 SECTION 12. AGENT 62 12.1. Appointment, Authority and Duties of Agent. 62 12.2. Agreements Regarding Collateral. 64 12.3. Reliance By Agent. 64