Authorization of Actions to Be Taken by the Trustee Under the Security Agreements Sample Clauses

Authorization of Actions to Be Taken by the Trustee Under the Security Agreements. Subject to the provisions of the Indenture, the Trustee may, in its sole discretion and without the consent of the Holders of Notes, instruct, on behalf of the Holders of Notes, the Collateral Trustee to take all actions it deems necessary or appropriate in order to (a) enforce the rights of the Trustee and the Holders of Notes under any of the terms of the Security Agreements and (b) collect and receive any and all amounts payable in respect of the obligations of the Company under this Eighteenth Supplemental Indenture and the Notes, provided, that in no event shall the Collateral Trustee be required to take any actions that violate the terms of the Security Agreements or the Credit Facility. The Trustee shall have power to institute and maintain such suits and proceedings as it may deem expedient to preserve or protect its interests and the interests of the Trustee and the Holders of Notes in the Collateral.
Authorization of Actions to Be Taken by the Trustee Under the Security Agreements. Subject to the provisions of Article 7 hereof, the Trustee may, in its sole discretion and without the consent of the Holders, direct, on behalf of the Holders of Notes, the Collateral Trustee to take all actions it deems necessary or appropriate in order to (a) enforce any of the terms of the Security Agreements and (b) collect and receive any and all amounts payable in respect of the obligations of the Company and the Subsidiary Guarantors hereunder. The Trustee shall have power to institute and maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral by any acts that may be unlawful or in violation of the Security Agreements or this Indenture, and such suits and proceedings as the Trustee may deem expedient to preserve or protect its interests and the interests of the Holders in the Collateral (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 Collateral Trustee's Liens on the Collateral or be prejudicial to the interests of the Holders of Notes or of the Trustee).