Common use of Institution of Equity Proceedings Clause in Contracts

Institution of Equity Proceedings. If an Event of Default occurs, Beneficiary may institute an action, suit or proceeding in equity for specific performance of this Deed of Trust, the Notes, the Guaranty or any other Loan Document (including any Security Document), all of which shall be specifically enforceable by injunction or other equitable remedy. Trustor waives any defense based on laches or any applicable statute of limitations.

Appears in 2 contracts

Samples: Credit Agreement (Wynn Resorts LTD), Credit Agreement (Wynn Las Vegas LLC)

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Institution of Equity Proceedings. If an Event of Default occursoccurs and is continuing, Beneficiary may institute an action, suit or proceeding in equity for specific performance of this Deed of Trust, the Notes, the Guaranty or any other Loan Document (including any Security Credit Document), all of which shall be specifically enforceable by injunction or other equitable remedy. Trustor waives any defense based on laches or any applicable statute of limitations.

Appears in 2 contracts

Samples: Security Agreement (Calpine Corp), Credit Agreement (Calpine Corp)

Institution of Equity Proceedings. If an Event of Default occurs, Beneficiary may institute an action, suit or proceeding in equity for specific performance of this Deed of Trust, the Notes, the Guaranty Mortgage Notes Indenture or any other Loan Document (including any Security Indenture Document), all of which shall be specifically enforceable by injunction or other equitable remedy. Trustor waives any defense based on laches or any applicable statute of limitations.

Appears in 1 contract

Samples: Wynn Las Vegas LLC

Institution of Equity Proceedings. If an Event of Default occurs, Beneficiary may institute an action, suit or proceeding in equity for specific performance of this Leasehold Deed of Trust, the Notes, the Guaranty any Mortgage Notes Indenture Security Documents or any other Loan Security Document (including any Security Document)which grants a security interest for the benefit of the Beneficiary, all of which shall be specifically enforceable by injunction or other equitable remedy. Trustor waives any defense based on laches or any applicable statute of limitations.

Appears in 1 contract

Samples: Leases and Security Agreement (Grand Canal Shops Mall Construction LLC)

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Institution of Equity Proceedings. If an Event of Default occurs, Beneficiary may institute an action, suit or proceeding in equity for specific performance of this Deed of Trust, the Notes, the Guaranty Credit Agreement or any other Loan Document (including any Security Document)which grants a security interest for the benefit of the Beneficiary, all of which shall be specifically enforceable by injunction or other equitable remedy. Trustor waives any defense based on laches or any applicable statute of limitations.

Appears in 1 contract

Samples: Fixture Filing and Security Agreement (Aladdin Capital Corp)

Institution of Equity Proceedings. If an Event of Default occurs, Beneficiary may institute an action, suit or proceeding in equity for specific performance of this Deed of Trust, the Notes, the Guaranty Notes or any other Loan Document (including any Security Document), all of which shall be specifically enforceable by injunction or other equitable remedy. Trustor waives any defense based on laches or any applicable statute of limitations.

Appears in 1 contract

Samples: Fixture Filing and Security Agreement (Riviera Holdings Corp)

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