Common use of Limitation on Suits by Holders Clause in Contracts

Limitation on Suits by Holders. (a) Except as provided in Section 5.02, no Holder will have any right to institute any action or proceeding at law or in equity or in bankruptcy or otherwise or seek any other remedy whatsoever with respect to this Agreement, the PCs or the Mortgages, unless:

Appears in 4 contracts

Samples: Mortgage Participation Certificates Agreement, Mortgage Participation Certificates Agreement, Multifamily Mortgage Participation Certificates Agreement

AutoNDA by SimpleDocs

Limitation on Suits by Holders. (a) Except as provided in Section 5.02Subject to the other provisions of this Article 5, no a Holder will shall not have any the right to institute any suit, action or proceeding at law or in equity or in bankruptcy otherwise for the appointment of a receiver or otherwise or seek for the enforcement of any other remedy whatsoever with respect to under or upon this AgreementIndenture, the PCs or the Mortgages, unless:unless:‌

Appears in 2 contracts

Samples: Indenture, Indenture

AutoNDA by SimpleDocs

Limitation on Suits by Holders. (a) Except as provided in Section 5.02Subject to the other provisions of this ARTICLE 6, no a Holder will shall not have any the right to institute any suit, action or proceeding at law or in equity or in bankruptcy or otherwise for the appointment of a trustee, receiver, liquidator, custodian or seek other similar official or for the enforcement of any other remedy whatsoever with respect to under or upon this AgreementIndenture, unless all of the PCs or the Mortgages, unlessfollowing have occurred:

Appears in 1 contract

Samples: Indenture

Time is Money Join Law Insider Premium to draft better contracts faster.