Common use of Concurrent Proceedings Clause in Contracts

Concurrent Proceedings. Notwithstanding any provision hereof, it is hereby expressly agreed that upon default or breach by the Issuer of any term, covenant, stipulation and/ or undertaking herein provided and on the part of the Issuer to be observed and performed, the Trustee, the Joint Lead Arrangers, the Joint Lead Managers and the Facility Agent shall thereafter have the right to exercise all or any of the remedies available whether by this Deed or the other Transaction Documents or by statute or otherwise and shall be entitled to exercise such remedies concurrently to recover all monies due and owing to the Trustee, the Joint Lead Arrangers, the Joint Lead Managers, the Facility Agent and the Murabahah MTNholders.

Concurrent Proceedings. Notwithstanding any provision hereof, it is i s hereby expressly agreed that upon default or breach by the Issuer of any term, covenant, stipulation and/ or undertaking herein provided and on the part of the Issuer to be observed and performed, the Trustee, the Joint Lead Arrangers, the Joint Lead Managers and the Facility Agent shall thereafter have the right to exercise all or any of the remedies available whether by this Deed or the other Transaction Documents or by statute or otherwise and shall be entitled to exercise such remedies concurrently to recover all monies due and owing to the Trustee, the Joint Lead Arrangers, the Joint Lead Managers, the Facility Agent and the Murabahah Conventional MTNholders.