Common use of Collection of Indebtedness and Suits for Enforcement by Indenture Trustee Clause in Contracts

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if the Notes are accelerated following the occurrence of an Event of Default, the Issuer will, upon demand of the Indenture Trustee, pay to it, for the benefit of the Holders of the Notes, the whole amount then due and payable on such Notes for principal and interest, with interest on the overdue principal and, to the extent payment at such rate of interest shall be legally enforceable, on overdue installments of interest at the related Interest Rate and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.

Appears in 68 contracts

Samples: Indenture (Honda Auto Receivables 2014-3 Owner Trust), Administration Agreement (Honda Auto Receivables 2010-1 Owner Trust), Indenture (Honda Auto Receivables 2010-3 Owner Trust)

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Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if the Notes are accelerated following the occurrence of an Event of Default, the Issuer will, upon demand of the Indenture Trustee, pay to it, for the benefit of the Holders of the NotesNoteholders, the whole amount then due and payable on such Notes for principal and interest, with interest on the overdue principal and, to the extent payment at such rate of interest shall be legally enforceable, on overdue installments of interest at the related Interest Rate and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.

Appears in 28 contracts

Samples: Indenture (Honda Auto Receivables 2016-3 Owner Trust), Indenture (American Honda Receivables LLC), Indenture (Honda Auto Receivables 2017-1 Owner Trust)

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that that, if the Notes are accelerated following the occurrence of an Event of Default, the Issuer will, upon demand of the Indenture Trustee, pay to itthe Indenture Trustee, for the benefit of the Holders of the Notes, the whole amount then due and payable on such Notes for principal and interest, with interest on upon the overdue principal principal, and, to the extent payment at such rate of interest shall be legally enforceable, on upon overdue installments of interest interest, at the related applicable Interest Rate and, and in addition thereto, thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, expenses and disbursements and advances of the Indenture Trustee and its agents and counsel.

Appears in 22 contracts

Samples: Onyx Acceptance Owner Trust 2005-A, Indenture (Onyx Acceptance Financial Corp), Indenture (Onyx Acceptance Financial Corp)

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that that, if the Notes are accelerated following the occurrence of an Event of Default, the Issuer will, upon demand of the Indenture Trustee, pay to itthe Indenture Trustee, for the benefit of the Holders of the NotesNoteholders, the whole amount then due and payable on such Notes for principal and interest, with interest on upon the overdue principal principal, and, to the extent payment at such rate of interest shall be legally enforceable, on upon overdue installments of interest interest, at the related Interest Rate andapplicable interest rates, and in addition thereto, thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, expenses and disbursements and advances of the Indenture Trustee and its agents and counsel.

Appears in 9 contracts

Samples: Indenture (Uacsc 2001-C Owner Trust), Indenture (Uacsc Auto Trusts), Indenture (Uacsc Auto Trusts Uacsc 1999-D Owner Trust Auto Rec Bac Note)

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if the Notes are accelerated following the occurrence of an Event of DefaultDefault has occurred and is continuing, the Issuer willshall, upon demand of the Indenture Trustee, at the direction of the Holders of not less than 66-2/3% of the aggregate Note Balances of the Notes, pay to itthe Indenture Trustee, for the benefit of the Holders of the Notes, the whole amount then due and payable on such the Notes for principal and interest, with interest on at the applicable Note Rate upon the overdue principal andprincipal, to the extent payment at such rate of interest shall be legally enforceable, on overdue installments of interest at the related Interest Rate and, and in addition thereto, thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.

Appears in 7 contracts

Samples: Custodial Agreement (Citigroup Mortgageln Tr Origen Manu Hous Cont Tr NTS Ser 200), Servicing Agreement (Origen Residential Securities, Inc.), Indenture (Origen Manufactured Housing Contract Trust Collateralized Notes, Series 2005-B)

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that that, if the Notes are accelerated following the occurrence of an Event of Default, the Issuer will, upon demand of the Indenture Trustee, pay to itthe Indenture Trustee, for the benefit of the Holders of the NotesNoteholders, the whole amount then due and payable on such Notes for principal and interest, with interest on upon the overdue principal principal, and, to the extent payment at such rate of interest shall be legally enforceable, on upon overdue installments of interest interest, at the related Interest Rate and, applicable interest rates and in addition thereto, thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, expenses and disbursements and advances of the Indenture Trustee and its agents and counsel.

Appears in 5 contracts

Samples: Indenture (Uacsc 1999-B Owner Tr Auto Rec Bk Notes), Indenture (Bay View Securitization Corp), Indenture (Uacsc Auto Trusts)

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if the Notes are accelerated following the occurrence of an Event of DefaultDefault occurs and such Event of Default has not been waived pursuant to Section 5.12, the Issuer willshall, upon demand of the Indenture Trustee, pay to itthe Indenture Trustee, for the ratable benefit of the Holders of the NotesNoteholders in accordance with their respective outstanding principal amounts, the whole amount then due and payable on such Notes for principal and interest, with interest on upon the overdue principal andprincipal, to the extent payment at such rate of interest shall be legally enforceable, on overdue installments of interest at the related Interest Rate and, rate borne by the Notes and in addition thereto, thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.

Appears in 2 contracts

Samples: Indenture (Capital Auto Receivables Inc), Capital Auto Receivables Inc

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Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (ag) The Issuer covenants that if (i) default is made in the Notes are accelerated following payment of any interest on any Note when the occurrence same becomes due and payable, and such default continues for a period of an Event three (3) Business Days, or (ii) default is made in the payment of Defaultthe principal of any Note when the same becomes due and payable, the Issuer will, upon demand of will pay to the Indenture Trustee, pay to it, Trustee for the benefit of the Holders of the NotesHolders, the whole amount then due and payable on such the Notes for principal and interest, with interest on upon the overdue principal andprincipal, to the extent payment at such rate of interest shall be legally enforceable, on overdue installments of interest at the related Interest Rate and, and in addition thereto, thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.

Appears in 1 contract

Samples: Indenture (St Joe Co)

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that that, if the Notes are accelerated following the occurrence of an Event of Defaultin accordance with Section 5.02, the Issuer will, upon demand of the Indenture Trustee, pay to itthe Indenture Trustee, for the benefit of the Holders of the Notes, the whole amount then due and payable on such Notes for principal and interest, with interest on upon the overdue principal principal, and, to the extent payment at such rate of interest shall be legally enforceable, on upon overdue installments of interest interest, at the related Interest applicable Note Rate and, and in addition thereto, thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, expenses and disbursements and advances of the Indenture Trustee and its agents and counsel.

Appears in 1 contract

Samples: Indenture (Auto Nations Receivables Corp)

Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that that, if the Notes are accelerated following the occurrence of an Event of Default, the Issuer will, upon demand of the Indenture Trustee, pay to itthe Indenture Trustee, for the benefit of the Holders of the Notes, the whole amount then due and payable on such Notes for principal and interest, with interest on upon the overdue principal principal, and, to the extent payment at such rate of interest shall be legally enforceable, on upon overdue installments of interest interest, at the related Interest Rate and, and in addition thereto, thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, expenses and disbursements and advances of the Indenture Trustee and its agents and counsel.

Appears in 1 contract

Samples: Onyx Acceptance Corp

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