Common use of Events of Default and Enforcement Clause in Contracts

Events of Default and Enforcement. The rights and remedies of the Trustee and the rights and duties of Holders and Couponholders as to recovery of amounts owing on the Notes and Coupons are set out in Condition 17 or Condition 18 (as applicable), provided that the Trustee shall not be bound to take any steps to enforce the performance of any of the provisions of these presents, the Notes or the Coupons unless it shall be indemnified and/or secured and/or prefunded by the relevant Holders and/or Couponholders to its satisfaction against all proceedings, claims and demands to which it may be liable and against all costs, charges, liabilities and expenses which may be incurred by it in connection with such enforcement or appointment, including the cost of its managements' time and/or other internal resources, calculated using its normal hourly rates in force from time to time.

Appears in 1 contract

Sources: Trust Deed

Events of Default and Enforcement. The rights and remedies of the Trustee and the rights and duties of Holders and Couponholders as to recovery of amounts owing on the Notes and Coupons are set out in Condition 17 18 or Condition 18 19 (as applicable), provided that the Trustee shall not be bound to take any steps to enforce the performance of any of the provisions of these presents, the Notes or the Coupons unless it shall be indemnified and/or secured and/or prefunded by the relevant Holders and/or Couponholders to its satisfaction against all proceedings, claims and demands to which it may be liable and against all costs, charges, liabilities and expenses which may be incurred by it in connection with such enforcement or appointment, including the cost of its managements' time and/or other internal resources, calculated using its normal hourly rates in force from time to time.time.β€Œ

Appears in 1 contract

Sources: Supplemental Trust Deed