Common use of Suits to Protect the Collateral Clause in Contracts

Suits to Protect the Collateral. Subject to the provisions of the Security Documents and the Intercreditor Agreement, the Security Agent shall have power to institute and to maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral by any acts which may be unlawful or in violation of any of the Security Documents or this Indenture, and such suits and proceedings as the Security Agent, in its sole discretion, may deem expedient to preserve or protect the security interests in the Collateral created under the Security Documents (including power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the lien on the Collateral or be prejudicial to the interests of the Holders or the Trustee).

Appears in 6 contracts

Sources: Indenture (International Game Technology PLC), Indenture (International Game Technology PLC), Indenture (International Game Technology PLC)

Suits to Protect the Collateral. Subject Following an Event of Default, subject to the provisions of the Security Documents and the Intercreditor AgreementDocuments, the Security Agent Collateral Trustee shall have the power but not the obligation (upon notice to the Trustee) to institute and to maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral by any acts which may be unlawful or in violation of any of the Security Documents or this Indenture, and such suits and proceedings as the Security Agent, in its sole discretion, may deem expedient to preserve or protect its interests and the security interests of the Holders in the Collateral created under the Security Documents (including power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the lien on the Collateral Security Interests or be prejudicial to the interests of the Holders Holders, the Trustee or the Collateral Trustee).

Appears in 6 contracts

Sources: Eighth Supplemental Indenture (Navios Maritime Holdings Inc.), Supplemental Indenture (Navios Maritime Holdings Inc.), Indenture (Navios Maritime Holdings Inc.)

Suits to Protect the Collateral. Subject to the provisions of the Security Documents and the Intercreditor AgreementDocuments, the Security Agent Trustee shall have power the authority to direct the Collateral Agent to institute and to maintain such suits and proceedings as it the Trustee may deem expedient to prevent any impairment of the Collateral by any acts which may be unlawful or in violation of any of the Security Documents or this Indenture, and such suits and proceedings as the Security Agent, in its sole discretion, Trustee may deem expedient to preserve or protect its interests and the security interests of the Holders of the Securities in the Collateral created under the Security Documents (including power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the lien on the Collateral Security Interests or be prejudicial to the interests of the Holders or of the TrusteeSecurities).

Appears in 5 contracts

Sources: Indenture (RPP Capital Corp), Indenture (Petro Stopping Centers L P), Indenture (Petro Financial Corp)

Suits to Protect the Collateral. Subject to the provisions of the Security Documents and the Intercreditor Agreement, the Security Agent shall have power to institute and to maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral by any acts which may be unlawful or in violation of any of the Security Documents or this the Indenture, and such suits and proceedings as the Security Agent, in its sole discretion, may deem expedient to preserve or protect the security interests in the Collateral created under the Security Documents (including power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the lien on the Collateral or be prejudicial to the interests of the Holders or the Trustee).

Appears in 4 contracts

Sources: First Supplemental Indenture (International Game Technology PLC), First Supplemental Indenture (International Game Technology), Second Supplemental Indenture (International Game Technology)

Suits to Protect the Collateral. Subject to the provisions of the Security Documents and the Intercreditor AgreementCollateral Documents, the Security Agent Trustee shall have the power (but not the obligation) to institute and to maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral by any acts which may be unlawful or in violation of any of the Security Collateral Documents or this Indenture, and such suits and proceedings as the Security AgentTrustee, in its sole discretion, may deem expedient to preserve or protect its interests and the security interests of the Holders in the Collateral created under the Security Documents (including power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the lien Lien on the Collateral or be prejudicial to the interests of the Holders or the Trustee).

Appears in 4 contracts

Sources: Indenture (Foster Wheeler Inc), Indenture (Foster Wheeler Inc), Indenture (Foster Wheeler LTD)

Suits to Protect the Collateral. Subject to the provisions of the Security Documents and the Intercreditor AgreementAgreements, the Security Agent Trustee shall have power to institute and to maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral by any acts which may be unlawful or in violation of any of the Security Documents Agreements or this Indenture, and such suits and proceedings as the Security AgentTrustee, in its sole discretion, may deem expedient to preserve or protect its interests and the security interests of the Holders in the Collateral created under the Security Documents (including power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the lien Lien on the Collateral or be prejudicial to the interests of the Holders or the Trustee).

Appears in 3 contracts

Sources: Indenture (Navigator Gas Iom I-E LTD), Indenture (Millenium Seacarriers Inc), Indenture (Navigator Gas Iom I-E LTD)

Suits to Protect the Collateral. Subject to the provisions of the Security Documents and the Intercreditor AgreementCollateral Documents, the Security Agent Trustee shall have power the authority to direct the Collateral Agent to institute and to maintain such suits and proceedings as it the Trustee may deem expedient to prevent any impairment of the Collateral by any acts which may be unlawful or in violation of any of the Security Collateral Documents or this Indenture, and such suits and proceedings as the Security Agent, in its sole discretion, Trustee may deem expedient to preserve or protect its interests and the security interests of the Holders of the Notes in the Collateral created under the Security Documents (including power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the lien on the Collateral Note Liens or be prejudicial to the interests of the Holders or of the TrusteeNotes).

Appears in 2 contracts

Sources: Indenture (Neenah Foundry Co), Indenture (Neenah Foundry Co)

Suits to Protect the Collateral. Subject to the provisions of the Security Documents and the Intercreditor Collateral Agency Agreement, the Security Agent Collateral Agents shall have the power to institute and to maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral by any acts which may be unlawful or in violation of any of the Security Documents or this Indenture, and such suits and proceedings as the Security AgentCollateral Agents, in its their sole discretion, may deem expedient to preserve or protect the security interests in the Collateral created under the Security Documents (including the power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the lien Lien on the Collateral or be prejudicial to the interests of the Holders or the Trustee).

Appears in 2 contracts

Sources: Senior Secured Indenture (NXP Semiconductors N.V.), Senior Secured Indenture (NXP Semiconductors N.V.)

Suits to Protect the Collateral. Subject to the provisions of the Security Documents and the Intercreditor Agreement, the Security Trustee and the Collateral Agent shall have power the authority to direct, to institute and to maintain such suits and proceedings as it each may deem expedient to prevent any impairment of the Collateral by any acts which may be unlawful or in violation of any of the Security Collateral Documents or this Indenture, and such suits and proceedings as the Security Agent, in its sole discretion, Trustee or the Collateral Agent may deem expedient to preserve or protect its interests and the security interests of the Holders in the Collateral created under the Security Documents (including power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the lien on Second Priority Liens securing the Collateral Secured Obligations or be prejudicial to the interests of the Holders or the TrusteeHolders).

Appears in 2 contracts

Sources: Indenture (Oscient Pharmaceuticals Corp), Indenture (Guardian II Acquisition CORP)

Suits to Protect the Collateral. Subject Following an Event of Default, subject to the provisions of the Security Documents Intercreditor Agreement and the Intercreditor AgreementSecurity Documents, the Security Agent shall have the power but not the obligation (upon notice to the Trustee) to institute and to maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral by any acts which may be unlawful or in violation of any of the Security Documents or this Indenture, and such suits and proceedings as the Security Agent, in its sole discretion, may deem expedient to preserve or protect its interests and the security interests of the Holders in the Collateral created under the Security Documents (including power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the lien on the Collateral Security Interests or be prejudicial to the interests of the Holders Holders, the Trustee or the TrusteeSecurity Agent).

Appears in 2 contracts

Sources: Indenture (Global Ship Lease, Inc.), Indenture (Global Ship Lease, Inc.)

Suits to Protect the Collateral. Subject to the provisions of the Security Documents and the Intercreditor AgreementDocuments, the Security Agent Trustee shall have power the authority to direct the Collateral Agent to institute and to maintain such suits and proceedings as it the Trustee may deem expedient to prevent any impairment of the Collateral by any acts which may be unlawful or in violation of any of the Security Documents or this Indenture, and such suits and proceedings as the Security Agent, in its sole discretion, Trustee may deem expedient to preserve or protect its interests and the security interests of the Holders of the Securities in the Collateral created under the Security Documents (including power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the lien on the Collateral Note Liens or be prejudicial to the interests of the Holders or of the TrusteeSecurities).

Appears in 1 contract

Sources: Indenture (Aventine Renewable Energy Holdings Inc)

Suits to Protect the Collateral. Subject to To the provisions of extent permitted under the Security Documents and the Intercreditor Agreementthis Indenture, the Security Agent Trustee shall have power to institute and to maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral by any acts which may be unlawful or in violation of any of this Indenture or the Security Documents or this Indenture, and such suits and proceedings as the Security Agent, in its sole discretion, Trustee may deem expedient to preserve or protect its interests and the security interests interest of the Holders in the Collateral created under and in the Security Documents profits, rents, revenues and other income arising therefrom (including power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the lien on the Collateral Security Interest thereunder or be prejudicial to the interests interest of the Holders or of the Trustee).

Appears in 1 contract

Sources: Indenture (Louisiana Casino Cruises Inc)

Suits to Protect the Collateral. Subject Following an Event of Default, subject to the provisions of the Security Documents and the Intercreditor AgreementDocuments, the Security Agent Collateral Trustee shall have the power but not the obligation (upon notice to the Trustee) to institute and to maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral by any acts which may be unlawful or in violation of any of the Security Documents or this Indenture, and such suits and proceedings as the Security Agent, in its sole discretion, may deem expedient to preserve or protect its interests and the security interests of the Holders in the Collateral created under the Security Documents (including power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the lien on the Collateral security interests or be prejudicial to the interests of the Holders Holders, the Trustee or the Collateral Trustee).

Appears in 1 contract

Sources: Indenture (Navios South American Logistics Inc.)

Suits to Protect the Collateral. Subject to the provisions of the Security Documents and the Intercreditor Agreement, the Security Agent Trustee shall have power to institute and to maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral by any acts which may be unlawful or in violation of any of the Security Documents Documents, the Intercreditor Agreement or this Indenture, and such suits and proceedings as the Security AgentTrustee, in its sole discretion, may deem expedient to preserve or protect its interests and the security interests of the Holders in the Collateral created under the Security Documents (including power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the lien Lien on the Collateral or be prejudicial to the interests of the Holders or the Trustee).

Appears in 1 contract

Sources: Indenture (Us Concrete Inc)

Suits to Protect the Collateral. Subject to the provisions of the Security Documents and the Intercreditor Agreement, the Security Agent shall have power to institute and to maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral by any acts which may be unlawful or in violation of any of the Security Documents or this Indenture, and such suits and proceedings as the Security Agent, in its sole discretion, may deem expedient to preserve or protect the security interests in the Collateral created under the Security Documents (including power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the lien Lien on the Collateral or be prejudicial to the interests of the Holders or the Trustee).

Appears in 1 contract

Sources: Indenture (Selina Hospitality PLC)

Suits to Protect the Collateral. Subject to the provisions of the Security Documents and the Intercreditor Agreement, the Security Agent The Trustee shall have power to institute in its name and to maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral by any acts which may be unlawful or in violation of this Indenture or any of the Security Documents or this IndentureDocuments, and such suits and proceedings as the Security Agent, in its sole discretion, may deem expedient necessary to preserve or protect its interests and the security interests of the Holders in the Collateral created under and in the Security Documents (principal, interest, issues, profits, rents, revenues and other income arising therefrom, including power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid invalid, if the enforcement of, or compliance with, such enactment, rule or order would impair the lien on security hereunder or under any of the Collateral Security Documents, or be prejudicial to the interests of the Holders or the Trustee).

Appears in 1 contract

Sources: Indenture (Granite Broadcasting Corp)

Suits to Protect the Collateral. Subject to the provisions of the Security Documents and the Intercreditor Collateral Agency Agreement, the Security Agent Collateral Agents shall have power to institute and to maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral by any acts which may be unlawful or in violation of any of the Security Documents or this Indenture, and such suits and proceedings as the Security AgentCollateral Agents, in its their sole discretion, may deem expedient to preserve or protect the security interests in the Collateral created under the Security Documents (including power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the lien Lien on the Collateral or be prejudicial to the interests of the Holders or the Trustee).

Appears in 1 contract

Sources: Senior Secured Indenture (NXP Manufacturing (Thailand) Co., Ltd.)