Common use of REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS Clause in Contracts

REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS. ON EVENT OF DEFAULT 27 Section 6.01 Events of Default. 27 Section 6.02 Payment of Securities on Default; Suit Therefor. 29 Section 6.03 Application of Money Collected by Trustee. 31 Section 6.04 Proceedings by Securityholders. 32 Section 6.05 Proceedings by Trustee. 32 Section 6.06 Remedies Cumulative and Continuing; Delay or Omission Not Waiver. 32 Section 6.07 Direction of Proceedings and Waiver of Defaults by Majority of Securityholders. 33 Section 6.08 Notice of Defaults. 33 Section 6.09 Undertaking to Pay Costs. 34 Article 7. TRUSTEE 34 Section 7.01 General/Duties of Trustee. 34 Section 7.02 Certain Rights of Trustee. 35 Section 7.03 Individual Rights of Trustee. 36 Section 7.04 Trustee’s Disclaimer. 37 Section 7.05 (Intentionally Omitted.) 37 Section 7.06 Reports by Trustee to Holders. 37 Section 7.07 Compensation and Indemnity. 37 Section 7.08 Replacement of Trustee. 38 Section 7.09 Acceptance of Appointment by Successor. 39 Section 7.10 Successor Trustee by Merger, Etc. 40 Section 7.11 Eligibility. 40 Section 7.12 Money Held in Trust. 40 Article 8. SATISFACTION AND DISCHARGE OF INDENTURE; UNCLAIMED MONEYS 40 Section 8.01 Satisfaction and Discharge of Indenture. 40 Section 8.02 Application by Trustee of Funds Deposited for Payment of Securities. 41 Section 8.03 Repayment of Moneys Held by Paying Agent. 41

REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS. ON EVENT OF DEFAULT 27 19 Section 6.01 Events Event of Default. 27 19 Section 6.02 Payment Collection of Securities on Default; Suit ThereforIndebtedness and Suits for Enforcement by Trustee. 29 20 Section 6.03 Application of Money Collected by TrusteeMoneys Collected. 31 21 Section 6.04 Proceedings by SecurityholdersLimitation on Suits. 32 21 Section 6.05 Proceedings by Trustee. 32 Section 6.06 Rights and Remedies Cumulative and ContinuingCumulative; Delay or Omission Not Waiver. 32 22 Section 6.06 Control by Bondholders. 22 Section 6.07 Direction of Proceedings and Waiver of Defaults by Majority of Securityholders. 33 Section 6.08 Notice of Defaults. 33 Section 6.09 Undertaking to Pay Costs. 34 Article 7. 22 ARTICLE VII CONCERNING THE TRUSTEE 34 23 Section 7.01 General/Certain Duties and Responsibilities of Trustee. 34 23 Section 7.02 Notice of Defaults. 23 Section 7.03 Certain Rights of Trustee. 35 Section 7.03 Individual Rights of Trustee. 36 23 Section 7.04 Trustee’s DisclaimerTrustee Not Responsible for Recitals or Issuance or Bonds. 37 24 Section 7.05 (Intentionally Omitted.) 37 May Hold Bonds. 25 Section 7.06 Reports by Trustee to HoldersMoneys Held in Trust. 37 25 Section 7.07 Compensation and IndemnityReimbursement. 37 25 Section 7.08 Replacement of TrusteeReliance on Officer's Certificate. 38 25 Section 7.09 Disqualification; Conflicting Interests. 26 Section 7.10 Corporate Trustee Requires; Eligibility. 26 Section 7.11 Resignation and Removal; Appointment of Successor. 26 Section 7.12 Acceptance of Appointment by By Successor. 39 27 Section 7.10 Successor Trustee by 7.13 Merger, EtcConversion, Consolidation or Succession to Business. 40 Section 7.11 Eligibility. 40 Section 7.12 Money Held in Trust. 40 Article 8. SATISFACTION AND DISCHARGE OF INDENTURE; UNCLAIMED MONEYS 40 Section 8.01 Satisfaction and Discharge of Indenture. 40 Section 8.02 Application by Trustee of Funds Deposited for Payment of Securities. 41 Section 8.03 Repayment of Moneys Held by Paying Agent. 4127