Common use of Trustee May Enforce Claims Without Possession of Clause in Contracts

Trustee May Enforce Claims Without Possession of. Securities. All rights of action and claims under this Indenture or the ----------- Securities may be prosecuted and enforced by the Trustee without the possession of any of the Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust in favor of the Holders, and any recovery of judgment shall, after provision for the payment of compensation to, and expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Securities in respect of which such judgment has been recovered.

Appears in 1 contract

Sources: Indenture (Jazz Casino Co LLC)

Trustee May Enforce Claims Without Possession of. Securities. ---------- All rights of action and claims under this Indenture or the ----------- Securities or any coupon may be prosecuted and enforced by the Trustee without the possession of any of the Securities or coupons or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name and as trustee of an express trust in favor of the Holderstrust, and any recovery of judgment shall, after provision for the payment of compensation tothe reasonable compensation, and expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Securities and coupons in respect of which such judgment has been recovered.

Appears in 1 contract

Sources: Indenture (Viacom Inc)

Trustee May Enforce Claims Without Possession of. Securities. All rights of action and claims under this Indenture Indenture, the Securities ---------- or the ----------- Securities any Security Guarantee may be prosecuted and enforced by the Trustee without the possession of any of the Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name and as trustee of an express trust in favor of the Holderstrust, and any recovery of judgment shall, after provision for the payment of compensation tothe reasonable compensation, and fees, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Securities in respect of which such judgment has been recovered.

Appears in 1 contract

Sources: Indenture (MTL Inc)

Trustee May Enforce Claims Without Possession of. Securities. All rights of action and claims under this Indenture or the ----------- Securities or the Guarantees may be prosecuted and enforced by the Trustee without the possession of any of the Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name and as trustee of an express trust in favor of the Holderstrust, and any recovery of judgment shall, shall after provision for the payment of compensation tothe reasonable compensation, and expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Securities in respect of which such judgment has been recovered.

Appears in 1 contract

Sources: Indenture (Crown Cork & Seal Co Inc)

Trustee May Enforce Claims Without Possession of. Securities. ---------- All rights of action and claims under this Indenture or the ----------- Securities may be prosecuted and enforced by the Trustee without the possession of any of the Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust in favor of the Holderstrust, and any recovery of judgment shall, after provision for the payment of compensation tothe reasonable compensation, and expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Securities in respect of which such judgment has been recovered.

Appears in 1 contract

Sources: Indenture (HMC Merger Corp)

Trustee May Enforce Claims Without Possession of. Securities. All rights of action and claims under this Indenture or the ----------- Securities may be prosecuted and enforced by the Trustee without the possession of any of the Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust in favor of the Holderstrust, and any recovery of judgment shall, after provision for the payment of compensation to, and expenses, disbursements and advances of all amounts owing the Trustee, its agents and counselTrustee under Section 6.07, be for the ratable benefit of the Holders of the Securities in respect of which such judgment has been recovered.

Appears in 1 contract

Sources: Indenture (United Parcel Service of America Inc)