Common use of Section 408 Clause in Contracts

Section 408. Unconditional Right of Holders to Receive Principal and Interest .......... 52 SECTION 409. Restoration of Rights and Remedies ........................................ 52 SECTION 410. Rights and Remedies ....................................................... 52 SECTION 411. Delay or Omission Not ..................................................... 52 SECTION 412. Control by Holders ........................................................ 53 SECTION 413. Waiver of Past Defaults ................................................... 53

Section 408. Unconditional Right of Holders to Receive Principal and Interest .......... 52 SECTION 409. Restoration of Rights and Remedies ........................................ 52 Remedies.............................................. SECTION 410. Rights and Remedies ....................................................... 52 Remedies...................................................................... SECTION 411. Delay or Omission Not ..................................................... 52 Omission.......................................................................... SECTION 412. Control by Holders ........................................................ 53 Holders......................................................................... SECTION 413. Waiver of Past Defaults ................................................... 53Defaults.................................................................. SECTION 414. Undertaking for Costs.................................................................... SECTION 415. Limitation on Trustee's Security.................................................... 48 49 51 51 52 52 52 53 53 53 53 53 54 54 54 ARTICLE FIVE THE TRUSTEE........................................................................................ 55