Common use of Remedies Under this Agreement Clause in Contracts

Remedies Under this Agreement. If any Default or Event of Default has occurred and is continuing, and irrespective of whether any Bonds have become or have been declared immediately due and payable under the Mortgage or of the exercise of any remedies under the Mortgage, any holder of any Bond at the time outstanding entitled to the benefits of this Agreement may proceed to protect and enforce the rights of such holder by an action at law, suit in equity or other appropriate proceeding, whether for the specific performance of any agreement contained herein, or for an injunction against a violation of any of the terms hereof, or in aid of the exercise of any power granted hereby or by law or otherwise.

Appears in 3 contracts

Samples: efis.psc.mo.gov, efis.psc.mo.gov, Bond Purchase Agreement (Empire District Electric Co)

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