The Trustee May Perform Sample Clauses

The Trustee May Perform. If Grantor shall fail to do any act or thing that it has covenanted to do hereunder or under the Indenture within any applicable grace period with respect thereto or if any representation or warranty on the part of Grantor contained herein or under the Indenture shall be breached, the Trustee or any Secured Party may (but shall not be obligated to), after providing Grantor with at least ten days' notice, do the same or cause it to be done or remedy any such breach, and may expend funds for such purpose. Any and all amounts so expended by the Trustee or such Secured Party shall be paid by Grantor promptly upon demand therefor, with interest at the Default Rate during the period from and including the date on which such funds were so expended to the date of repayment. Grantor's obligations under this Section shall survive the termination of this Agreement and the discharge of Grantor's other obligations under this Agreement.
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The Trustee May Perform. Upon the occurrence and during the continuance of an Event of Default, with prior notice to the Issuer, the Trustee, without releasing the Issuer from any obligation, covenant, or condition hereof, itself may (but shall have no obligation to) make any payment or perform, or cause the performance of, any such obligation, covenant, condition, or agreement or any other action in such manner and to such extent as the Trustee may deem necessary to protect, perfect, or continue the perfection of the Security Interest. Any costs or expenses incurred by the Trustee in connection with the foregoing shall be governed by the Indenture, constitute a part of the Obligations secured by the Security Documents, bear interest at a rate per annum equal to the default interest rate specified in Section 309(b) of the Indenture, and be payable by the Issuer upon demand by the Trustee.
The Trustee May Perform. If any Grantor fails to make any payment required to be made by it, or to perform any other act or agreement required to be performed by it, in each case under this Agreement, the Trustee, without waiving or releasing any obligation or default, may (but shall not be obligated to) make such payment or perform such other act, or cause the payment or performance thereof, for the account and at the sole expense of such Grantor. All amounts so paid by the Trustee and all costs and expenses so incurred shall constitute obligations of such Grantor secured hereunder and shall be payable under Section 17(b). The Trustee shall not be liable for any damages resulting from any such payment or performance.
The Trustee May Perform. If the Pledgor shall fail ----------------------- to do any act or thing that it has covenanted to do hereunder or under the Indenture or if any warranty on the part of the Pledgor contained herein or under the Indenture shall be breached, the Trustee or any Secured Party may (but shall not be obligated to), after providing the Pledgor with at least five Business Days' notice, do the same or cause it to be done or remedy any such breach, and may expend funds for such purpose. Any and all amounts so expended by the Trustee or such Secured Party shall be paid by the Pledgor promptly upon demand therefor, with interest at the Default Rate during the period from and including the date on which such funds were so expended to the date of repayment. The Pledgor's obligations under this Section 12.3 shall survive the termination of this Agreement and the discharge of the Pledgor's other obligations under this Agreement.
The Trustee May Perform. Without limiting the authority ----------------------- granted under Section 3.3(e), if the Pledgor fails to perform any agreement contained herein, the Trustee may, but shall not be obligated to, itself perform, or cause performance of, such agreement, and the expenses of the Trustee incurred in connection therewith shall be payable by the Pledgor and shall form part of the Secured Obligations.

Related to The Trustee May Perform

  • Trustee May Perform If Company fails to perform any agreement contained herein, Trustee may itself perform, or cause performance of, such agreement, and the expenses of Trustee incurred in connection therewith shall be payable by Company under Section 15 hereof, and be a part of the Secured Obligations.

  • Pledgee May Perform If Pledgor fails to perform any obligation contained in this Agreement, Pledgee may itself perform, or cause performance of, such obligation, and the expenses of Pledgee incurred in connection therewith shall be payable by Pledgor; provided that Pledgee shall not be required to perform or discharge any obligation of Pledgor.

  • Indenture Trustee May Own Notes The Indenture Trustee in its individual or any other capacity may become the owner or pledgee of Notes with the same rights as it would have if it were not Indenture Trustee.

  • The Owner Trustee May Own Notes The Owner Trustee in its individual or any other capacity may become the owner or pledgee of Notes. The Owner Trustee may deal with the Seller, the Indenture Trustee, the Administrator, the Underwriters and their respective Affiliates in banking transactions with the same rights as it would have if it were not the Owner Trustee, and the Seller, the Indenture Trustee, the Administrator, the Underwriters and their respective Affiliates may maintain normal commercial banking relationships with the Owner Trustee and its Affiliates.

  • Owner Trustee May Own Notes The Owner Trustee in its individual or any other capacity may become the owner or pledgee of the Notes and may deal with the Depositor, the Trustee and the Servicer in banking transactions with the same rights as it would have if it were not Owner Trustee.

  • Indenture Trustee May Own Securities The Indenture Trustee, in its individual or any other capacity may become the owner or pledgee of Securities with the same rights it would have if it were not Indenture Trustee.

  • Trustee May Pursue All Remedies If an Event of Default occurs and is continuing, then the Trustee may pursue any available remedy to collect the payment of any amounts due with respect to the Notes or to enforce the performance of any provision of this Indenture or the Notes.

  • Custodian May Resign; Trustee May Remove Custodian The Custodian may resign from the obligations and duties hereby imposed upon it as such obligations and duties relate to its acting as Custodian of the Mortgage Loans. Upon receiving such notice of resignation, the Trustee shall either take custody of the Mortgage Files itself and give prompt notice thereof to the Company, the Master Servicer and the Custodian, or promptly appoint a successor Custodian by written instrument, in duplicate, one copy of which instrument shall be delivered to the resigning Custodian and one copy to the successor Custodian. If the Trustee shall not have taken custody of the Mortgage Files and no successor Custodian shall have been so appointed and have accepted appointment within 30 days after the giving of such notice of resignation, the resigning Custodian may petition any court of competent jurisdiction for the appointment of a successor Custodian. The Trustee may remove the Custodian at any time with the consent of the Master Servicer. In such event, the Trustee shall appoint, or petition a court of competent jurisdiction to appoint, a successor Custodian hereunder. Any successor Custodian shall be a depository institution subject to supervision or examination by federal or state authority, shall be able to satisfy the other requirements contained in Section 3.7 and shall be unaffiliated with the Servicer or the Company. Any resignation or removal of the Custodian and appointment of a successor Custodian pursuant to any of the provisions of this Section 3.5 shall become effective upon acceptance of appointment by the successor Custodian. The Trustee shall give prompt notice to the Company and the Master Servicer of the appointment of any successor Custodian. No successor Custodian shall be appointed by the Trustee without the prior approval of the Company and the Master Servicer.

  • Trustee May Own Certificates The Trustee in its individual or any other capacity may become the owner or pledgee of Certificates with the same rights as it would have if it were not the Trustee.

  • Trustee May Hold Securities The Trustee, any Paying Agent, any Registrar or any other agent of the Company, in its individual or any other capacity, may become the owner or pledgee of Securities and coupons and, subject to Sections 310(b) and 311 of the Trust Indenture Act, may otherwise deal with the Company, an Affiliate or Subsidiary with the same rights it would have if it were not Trustee, Paying Agent, Registrar or such other agent.

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