Remedies of the Trustee and Securityholders on Event of Default Clause Samples
Remedies of the Trustee and Securityholders on Event of Default. SECTION 5.1 Event of Default Defined; Acceleration of Maturity; Waiver of Default. "Event of Default" with respect to Securities of any series wherever used herein, means each one of the following events which shall have occurred and be continuing (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law, pursuant to Article Thirteen or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):
Remedies of the Trustee and Securityholders on Event of Default. Section 5.01 Event of Default Defined; Acceleration of Maturity; Waiver of Default 16 Section 5.02 Collection of Debt by Trustee; Trustee May Prove Debt 18 Section 5.03 Application of Proceeds 20 Section 5.04 Suits for Enforcement 21 Section 5.05 Restoration of Rights on Abandonment of Proceedings 21 Section 5.06 Limitations on Suits by Securityholders 21 Section 5.07 Unconditional Right of Securityholders to Institute Certain Suits 22 Section 5.08 Powers and Remedies Cumulative; Delay or Omission Not Waiver of Default 22 Section 5.09 Control by Holders of Securities 22 Section 5.10 Waiver of Past Defaults 23 Section 5.11 Trustee to Give Notice of Default 23 Section 5.12 Right of Court to Require Filing of Undertaking to Pay Costs 23
Remedies of the Trustee and Securityholders on Event of Default. Event of Default Defined; Acceleration of Maturity; Waiver of Default...................................... 20 SECTION 5.2. Collection of Indebtedness by Trustee; Trustee May Prove Debt... 22 SECTION 5.3. Application of Proceeds......................................... 24 SECTION 5.4.
Remedies of the Trustee and Securityholders on Event of Default. Section 6.01
Remedies of the Trustee and Securityholders on Event of Default. (a) Whenever used herein with respect to Securities of a particular series, "Event of Default" means any one or more of the following events which has occurred and is continuing:
Remedies of the Trustee and Securityholders on Event of Default. Section 6.01 Events of Default
Section 6.02 Collection of Indebtedness and Suits for Enforcement by Trustee Section 6.03 Application of Moneys Collected
Remedies of the Trustee and Securityholders on Event of Default. Section 5.1. Event of Default Defined, Acceleration of Maturity; Waiver of Default.
Remedies of the Trustee and Securityholders on Event of Default. 22 Section 6.1 Events of Default 22 Section 6.2 Collection of Indebtedness and Suits for Enforcement by Trustee 24 Section 6.3 Application of Moneys Collected 25 Section 6.4 Limitation on Suits 26 Section 6.5 Rights and Remedies Cumulative; Delay or Omission Not Waiver 27
Remedies of the Trustee and Securityholders on Event of Default. SECTION 5.01. Event of Default Defined; Acceleration of Maturity; Waiver of Default................................27
Remedies of the Trustee and Securityholders on Event of Default. SECTION 6.01 In case one or more of the following Events of Default shall have occurred and be continuing, that is to say:
(a) default in the payment of any installment of interest upon any of the Securities of such series as and when the same shall become due and payable, and continuance of such default for a period of thirty days; or
(b) default in the payment of the principal of (or premium, if any, on) any of the Securities as and when the same shall become due and payable either at maturity, by declaration of acceleration or otherwise; or
(c) failure on the part of the Company or the Guarantor duly to observe or perform any other of the covenants or agreements on the part of the Company or the Guarantor in the Securities of any one series or in this Indenture contained for a period of sixty days after the date on which written notice of such failure, requiring the Company or the Guarantor to remedy the same, shall have been given to the Company or the Guarantor by the Trustee or to the Company, the Guarantor and the Trustee by the Holders of at least twenty-five percent in aggregate principal amount of the Securities of such series at the time outstanding; or
(d) default in the payment of any sinking fund installment as and when the same shall become due and payable by the terms of the Securities of such series; or
(e) default by the Company or the Guarantor in the payment of the principal of, interest on, or other amounts payable in respect of, or failure by the Company or the Guarantor to perform or comply with any of its other agreements in respect of any of, its Indebtedness (other than the Securities) in the aggregate principal or like amount of $20 million or more, which default or failure permits the holder thereof to declare such Indebtedness immediately due and payable; provided, however, that if such default or failure in respect of any such Indebtedness shall be cured by the Company or the Guarantor, as the case may be, as may be permitted by the terms of such Indebtedness, then the Event of Default hereunder by reason of such default or failure shall be deemed likewise to have been cured or waived; or
(f) a court having jurisdiction shall enter a decree or order for relief in respect to the Company or the Guarantor, as the case may be, in an involuntary case under any applicable 25 38 bankruptcy, insolvency or other similar law now or hereafter in effect, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or ...