Common use of Judgment Against the Trust Clause in Contracts

Judgment Against the Trust. The Trust covenants and agrees with the Debenture Trustee that, in case of any judicial or other proceedings to enforce the rights of the Debentureholders, judgment may be rendered against it in favour of the Debentureholders or in favour of the Debenture Trustee, as trustee for the Debentureholders, for any amount which may remain due in respect of the Debentures and premium (if any) and the interest thereon and any other monies owing hereunder.

Appears in 6 contracts

Samples: Trust Indenture (Penn West Energy Trust), Trust Indenture (Penn West Energy Trust), Trust Indenture (Pengrowth Energy Trust)

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Judgment Against the Trust. The Trust covenants and agrees with the Debenture Trustee that, in case of any judicial or other proceedings to enforce the rights of the Debentureholders, judgment may be rendered against it in favour of the Debentureholders or in favour of the Debenture Trustee, as trustee for the Debentureholders, for any amount which may remain due in respect of the Debentures and premium (if any) and the interest thereon and any other monies owing hereunder.

Appears in 1 contract

Samples: Paramount Energy Trust (Perpetual Energy Inc.)

Judgment Against the Trust. The Trust covenants and agrees with the Debenture Trustee that, in case of any judicial or other proceedings to enforce the rights of the Debentureholders, judgment may be rendered against it in favour of the Debentureholders or in favour of the Debenture Trustee, as trustee for the Debentureholders, for any amount which may remain due in respect of the Debentures and premium (if any) and the interest thereon and any other monies owing hereunder.

Appears in 1 contract

Samples: Trust Indenture (Penn West Energy Trust)

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Judgment Against the Trust. The Trust covenants and agrees with the Debenture Indenture Trustee that, in case of any judicial or other proceedings to enforce the rights of the DebentureholdersDebtholders, judgment may be rendered against it in favour of the Debentureholders Debtholders or in favour of the Debenture Indenture Trustee, as trustee Indenture Trustee for the DebentureholdersDebtholders, for any amount which may remain due in respect of the Debentures Debt Securities and premium (if any) and the interest thereon and any other monies owing hereunder.

Appears in 1 contract

Samples: Trust Indenture (Baytex Energy Trust)

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