Discontinuance of Proceedings by Trustee. If any proceeding taken by the Trustee on account of any default is discontinued or is determined adversely to the Trustee, then the Issuer, the Trustee, the Company and the Registered Owners shall be restored to their former positions and rights hereunder as though no such proceeding had been taken.
Appears in 9 contracts
Samples: Trust Indenture (York Water Co), Trust Indenture (York Water Co), Trust Indenture (York Water Co)
Discontinuance of Proceedings by Trustee. If any proceeding taken by the Trustee on account of any default Event of Default is discontinued or is determined adversely to the Trustee, then the IssuerAuthority, the Trustee, the Company Bondholders and the Registered Owners Bank shall be restored to their former positions and rights hereunder as though no such proceeding had been taken, but subject to the limitations of any such adverse determination.
Appears in 4 contracts
Samples: Loan Agreement (Gateway Trade Center Inc.), Loan Agreement (Lannett Co Inc), A Loan Agreement (Vermont Pure Holdings LTD)
Discontinuance of Proceedings by Trustee. If any proceeding taken by the Trustee on account of any default Event of Default is discontinued or is determined adversely to the Trustee, then the IssuerAuthority, the Trustee, the Company Bondholders and the Registered Owners Bank shall be restored to their former positions and rights hereunder as though no such proceeding had been taken, but subject to the limitations of any such adverse determination.
Appears in 2 contracts
Samples: Loan Agreement (Gateway Trade Center Inc.), Loan Agreement (Gateway Trade Center Inc.)
Discontinuance of Proceedings by Trustee. If any proceeding taken commenced by the Trustee on account of any default is discontinued or is determined adversely to the Trustee, then the Company, the Credit Facility Issuer, the Trustee, the Company Trustee and the Registered Owners shall be restored to their former positions and rights hereunder as though no such proceeding proceedings had been takencommenced.
Appears in 1 contract
Discontinuance of Proceedings by Trustee. If any proceeding taken by the Trustee on account of any default Event of Default is discontinued or is determined adversely to the Trustee, then the Issuer, the Trustee, the Company Credit Facility Issuer and the Registered Owners Bondholders shall be restored to their former positions and rights hereunder as though no such proceeding had been takentaken insofar as is possible, but subject to the limitations of any such adverse determination.
Appears in 1 contract
Discontinuance of Proceedings by Trustee. If any proceeding taken commenced by the Trustee on account of any default Event of Default is discontinued or is determined adversely to the Trustee, then the Company, the Issuer, the Trustee, the Company Trustee and the Registered Owners Bondholders shall be restored to their former positions and rights hereunder as though no such proceeding had been takencommenced.
Appears in 1 contract
Samples: Txu Energy Co LLC
Discontinuance of Proceedings by Trustee. If any proceeding taken commenced by the Trustee on account of any default Event of Indenture Default is discontinued or is determined adversely to the Trustee, then the Issuer, Owners of the Trustee, the Company and the Registered Owners Certificates shall be restored to their former positions and rights hereunder as though no such proceeding had been takencommenced.
Appears in 1 contract
Samples: Lease Purchase Agreement
Discontinuance of Proceedings by Trustee. If any proceeding taken commenced by the Trustee on account of any default is discontinued or is determined adversely to the Trustee, then the Credit Facility Issuer, the Issuer, the Trustee, the Company Trustee and the Registered Owners shall be restored to their former positions and rights hereunder as though no such proceeding proceedings had been takencommenced.
Appears in 1 contract
Samples: Trust Indenture (Corrections Corporation of America)
Discontinuance of Proceedings by Trustee. If any proceeding taken commenced by the Trustee on account of any default is discontinued or is determined adversely to the Trustee, then the Issuer, the TrusteeCredit Facility Issuer, the Company Trustee and the Registered Owners Noteholders shall be restored to their former positions and rights hereunder as though no such proceeding proceedings had been takencommenced.
Appears in 1 contract
Samples: Aerovox Inc
Discontinuance of Proceedings by Trustee. If any proceeding taken by the Trustee on account of any default is discontinued or is determined adversely to the Trustee, then the IssuerAuthority, the Trustee, the Company Trustee and the Registered Owners of the Bonds shall be restored to their former positions and rights hereunder as though no such proceeding had been taken.
Appears in 1 contract
Discontinuance of Proceedings by Trustee. If any proceeding taken by the Trustee on account of any default Event of Default is discontinued or is determined adversely to the Trustee, then the IssuerBoard, the Trustee, the Company Bondholders, the Letter of Credit Bank and the Registered Owners Bank shall be restored to their former positions and rights hereunder as though no such proceeding had been taken, but subject to the limitations of any such adverse determination.
Appears in 1 contract
Discontinuance of Proceedings by Trustee. If any proceeding taken by the Trustee on account of any default Event of Default is discontinued or is determined adversely to the Trustee, then the Issuer, the Trustee, the Company Paying Agent and the Registered Owners Bondholders shall be restored to their former positions and rights hereunder as though no such proceeding had been taken.
Appears in 1 contract
Samples: Master Trust Indenture
Discontinuance of Proceedings by Trustee. If any proceeding taken by the Trustee on account of any default Event of Default is discontinued or is determined adversely to the Trustee, then the IssuerCompany, the Trustee, the Company Bondholders and the Registered Owners Bank shall be restored to their former positions and rights hereunder as though no such proceeding had been taken, but subject to the limitations of any such adverse determination.
Appears in 1 contract
Discontinuance of Proceedings by Trustee. If any proceeding taken commenced by the Trustee on account of any default Event of Default is discontinued or is determined adversely to the Trustee, then the Company, the Issuer, the Trustee, the Company Trustee and the Registered Owners Bondholders shall be restored to their former positions and rights hereunder as though no such proceeding proceedings had been takencommenced.
Appears in 1 contract
Discontinuance of Proceedings by Trustee. If any proceeding taken commenced by the Trustee on account of any default Event of Default is discontinued for any reason or is determined adversely to the Trustee, then the Issuer, the Trustee, the Company Credit Facility Providers and the Registered Owners Bondowners shall be restored to their former positions and rights hereunder and all rights, remedies, powers and duties of the Trustee shall continue as though no such proceeding proceedings had been takencommenced.
Appears in 1 contract
Samples: Trust Indenture (Connecticut Water Service Inc / Ct)
Discontinuance of Proceedings by Trustee. If any proceeding taken commenced by the Trustee on account of any default Event of Default is discontinued or is determined adversely to the Trustee, then the IssuerDistrict, the Trustee, the Company Trustee and the Registered Owners of the Bonds shall be restored to their former positions and rights hereunder as though no such proceeding proceedings had been takencommenced.
Appears in 1 contract
Samples: www.rtd-denver.com
