Common use of Rights of the Trustee Upon Events of Default Clause in Contracts

Rights of the Trustee Upon Events of Default. (a) If and whenever an Event of Default (other than in clause (iii) and (iv) of Section 11.1) shall have occurred and be continuing, the Trustee may, with the consent of the Required Noteholders, and, at the written direction of the Required Noteholders shall, cause the principal amount of all Notes of all Series outstanding to be immediately due and payable at par, together with interest thereon. If an Event of Default with respect to the Issuer specified in clause (iii) and (iv) of Section 11.1 shall occur, all unpaid principal of and accrued interest on all the Notes of all Series outstanding shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee, any Enhancement Provider or any Noteholder. If an Event of Default shall have occurred and be continuing, the Trustee may exercise from time to time any rights and remedies available to it under applicable law and Section 11.4. Any amounts obtained by the Trustee on account of or as a result of the exercise by the Trustee of any right shall be held by the Trustee as additional collateral for the repayment of the Issuer Obligations and shall be applied as provided in Article 5 hereof. If so specified in the applicable Series Supplement, the Trustee may agree to limit its exercise of rights and remedies available to it as a result of the occurrence of an Event of Default to the extent set forth therein.

Rights of the Trustee Upon Events of Default. (a) If and whenever an Event of Default (other than in clause (iii) and (iv) of Section 11.110.1) shall have occurred and be continuing, the Trustee may, with the consent of the Required Noteholders, and, and at the written direction of the Required Noteholders shall, cause (x) the principal amount of all Senior Notes of all Series outstanding to be immediately due and payable at par, together with interest thereonthereon and (y) the par value of all Certificates to be immediately due and payable at par. If an Event of Default with respect to the Issuer specified in clause (iii) and or (iv) of Section 11.1 10.1 shall occur, all unpaid principal of and accrued interest on all the Senior Notes of all Series outstanding and the par value of all Certificates shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee, any Enhancement Provider Trustee or any NoteholderNoteholder or Certificateholder. If an Event of Default shall have occurred and be continuing, the Trustee may exercise from time to time any rights and remedies available to it under applicable law Law and Section 11.410.4. Any amounts obtained by the Trustee on account of or as a result of the exercise by the Trustee of any right shall be held by the Trustee as additional collateral for the repayment of the Issuer Secured Obligations and shall be applied as provided in accordance with Article 5 hereof. If so specified in the applicable Series Supplement, the Trustee may agree to limit its exercise of rights and remedies available to it as a result of the occurrence of an Event of Default to the extent set forth therein.. [Base Indenture (OF XIV)]

Rights of the Trustee Upon Events of Default. (a) If and whenever an Event of Default (other than in clause (iii) and (iv) of Section 11.110.1) shall have occurred and be continuing, the Trustee may, with the consent of the Required Noteholders, and, at the written direction of the Required Noteholders shall, cause (x) the principal amount of all Senior Notes of all Series outstanding to be immediately due and payable at par, together with interest thereonthereon and (y) the par value of all Outstanding Certificates to be immediately due and payable at par. If an Event of Default with respect to the Issuer specified in clause (iii) and or (iv) of Section 11.1 10.1 shall occur, all unpaid principal of and accrued interest on all the Senior Notes of all Series outstanding and the par value of all Outstanding Certificates shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee, any Enhancement Provider Trustee or any NoteholderNoteholder or Certificateholder. If an Event of Default shall have occurred and be continuing, the Trustee may exercise from time to time any rights and remedies available to it under applicable law Law and Section 11.410.4. Any amounts obtained by the Trustee on account of or as a result of the exercise by the Trustee of any right shall be held by the Trustee as additional collateral for the repayment of the Issuer Secured Obligations and shall be applied as provided in Article 5 hereof. If so specified in the applicable Series Supplement, the Trustee may agree to limit its exercise of rights and remedies available to it as a result of the occurrence of an Event of Default to the extent set forth therein.

Rights of the Trustee Upon Events of Default. (a) If and whenever an Event of Default (other than in clause (iii) and (iv) of Section 11.110.1) shall have occurred and be continuing, the Trustee may, with the consent of the Required Noteholders, and, and at the written direction of the Required Noteholders shall, cause (x) the principal amount of all Senior Notes of all Series outstanding to be immediately due and payable at par, together with interest thereonthereon and (y) the par value of all Certificates to be immediately due and payable at par. If an Event of Default with respect to the Issuer specified in clause (iii) and or (iv) of Section 11.1 10.1 shall occur, all unpaid principal of and accrued interest on all the Senior Notes of all Series outstanding and the par value of all Certificates shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee, any Enhancement Provider Trustee or any NoteholderNoteholder or Certificateholder. If an Event of Default shall have occurred and be continuing, the Trustee may exercise from time to time any rights and remedies available to it under applicable law Law and Section 11.410.4. Any amounts obtained by the Trustee on account of or as a result of the exercise by the Trustee of any right shall be held by the Trustee as additional collateral for the repayment of the Issuer Secured Obligations and shall be applied as provided in accordance with Article 5 hereof. If so specified in the applicable Series Supplement, the Trustee may agree to limit its exercise of rights and remedies available to it as a result of the occurrence of an Event of Default to the extent set forth therein.

Rights of the Trustee Upon Events of Default. (a) If and whenever an Event of Default (other than in clause clauses (iiic) and (ivd) of Section 11.110.1) shall have occurred and be continuing, the Trustee may, with the consent of the Required Noteholders, and, and at the written direction of the Required Noteholders shall, cause (x) the principal amount of all Senior Notes of all Series outstanding to be immediately due and payable at par, together with interest thereonthereon and (y) the par amount of all Certificates to be immediately due and payable at par. If an Event of Default with respect to the Issuer specified in clause (iiic) and or (ivd) of Section 11.1 10.1 shall occur, all unpaid principal of and accrued interest on all the Senior Notes of all Series outstanding and the par amount of all Certificates shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee, any Enhancement Provider Trustee or any NoteholderNoteholder or Certificateholder. If an Event of Default shall have occurred and be continuing, the Trustee may exercise from time to time any rights and remedies available to it under applicable law Law and Section 11.410.4. Any amounts obtained by the Trustee on account of or as a result of the exercise by the Trustee of any right shall be held by the Trustee as additional collateral for the repayment of the Issuer Secured Obligations and shall be applied as provided in accordance with Article 5 hereof. If so specified in the applicable Series Supplement, the Trustee may agree to limit its exercise of rights and remedies available to it as a result of the occurrence of an Event of Default to the extent set forth therein.