Common use of Optional Preservation of the Contracts Clause in Contracts

Optional Preservation of the Contracts. If the Notes have been declared to be due and payable under Section 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, the Indenture Trustee shall, absent direction to the contrary from the Insurer or the Noteholders pursuant to Section 5.04, maintain possession of the Collateral.

Optional Preservation of the Contracts. If the Notes have been declared to be due and payable under Section 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, the Indenture Trustee shallTrustee, absent direction to the contrary from the Insurer or the Noteholders pursuant to Section 5.04, shall maintain possession of the Collateral.

Optional Preservation of the Contracts. If the Notes -------------------------------------- have been declared to be due and payable under Section 5.02 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, the Indenture Trustee shallTrustee, absent direction to the contrary from the Insurer or the Noteholders pursuant to Section 5.04, shall maintain possession of the Collateral.