Common use of Proceedings by Trustees Clause in Contracts

Proceedings by Trustees. In case of an Event of Default, the Trustees may, individually or jointly, in their discretion proceed to protect and enforce the rights vested in them by this Indenture by such appropriate judicial proceedings as are necessary to protect and enforce any of such rights, either by suit in equity or by action at law or by proceeding in bankruptcy or otherwise, whether for the specific enforcement of any covenant or agreement contained in this Indenture or in aid of the exercise of any power granted in this Indenture, or to enforce any other legal or equitable right vested in the Trustees by this Indenture or by law.

Proceedings by Trustees. In case of an Event of Default, the Trustees may, individually or jointly, Trustee may in their its discretion proceed to protect and enforce the rights vested in them it by this Indenture by such appropriate judicial proceedings as are necessary to protect and enforce any of such rights, either by suit in equity or by action at law or by proceeding in bankruptcy or otherwise, whether for the specific enforcement of any covenant or agreement contained in this Indenture or in aid of the exercise of any power granted in this Indenture, or to enforce any other legal or equitable right vested in the Trustees Trustee by this Indenture or by law.