Common use of Termination of Proceedings Clause in Contracts

Termination of Proceedings. In case any proceedings taken by the Trustee or any one or more Bond Owners on account of any Event of Default shall have been discontinued or

Termination of Proceedings. In case any proceedings taken by the Trustee or any one or more Bond Owners on account of any Event of Default shall have been discontinued oror abandoned for any reason or shall have been determined adversely to the Trustee or the Owners, then in every

Termination of Proceedings. In case any proceedings proceeding taken by the Trustee or any one or more Bond Owners on account of any Event of Default shall have been discontinued oror abandoned for any reason or shall have been determined adversely to the Owner of the Bond, the Issuer, the Trustee, the Borrower and the Owner of the Bond shall be restored to their former positions and rights under this Indenture, and all rights, remedies and powers of the such parties shall continue as if no such proceeding had been taken.