Common use of Suits to Protect the Collateral Clause in Contracts

Suits to Protect the Collateral. Subject to the provisions of the Collateral Documents, the Trustee is authorized and empowered to institute and maintain, or direct the Collateral Agent to institute and maintain, such suits and proceedings to protect or enforce the Liens securing the Notes or to prevent any impairment of the Collateral by any acts which may be unlawful or in violation of any of the Collateral Documents or this Indenture, and such suits and proceedings to preserve or protect its interest and the interests of the Holders of the Notes in the Collateral (including suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the Liens created under the Collateral Documents or be prejudicial to the interests of the Holders of the Notes).

Suits to Protect the Collateral. Subject to the provisions of the Collateral DocumentsDocuments and without limiting the obligations of the Company to protect the security interest of the Collateral Agent in the Collateral, the Trustee is authorized and empowered shall have the authority (but not the obligation) to institute and maintain, or direct the Collateral Agent to institute and maintain, to maintain such suits and proceedings to protect or enforce the Liens securing the Notes or as to prevent any impairment of the Collateral by any acts which may be unlawful or in violation of any of the Collateral Documents or this Indenture, and such suits and proceedings to preserve or protect its interest interests and the interests of the Holders of the Notes any Holder in the Collateral (including suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the Liens created under the Collateral Documents or be prejudicial to the interests of the Holders of the NotesHolders).

Suits to Protect the Collateral. Subject to the provisions of the Collateral Documents, the Trustee is authorized and empowered shall have the authority to institute and maintain, or direct the Collateral Agent to institute and maintain, to maintain such suits and proceedings to protect or enforce as the Liens securing the Notes or Trustee may deem expedient to prevent any impairment of the Collateral by any acts which may be unlawful or in violation of any of the Collateral Documents or this Indenture, and such suits and proceedings as the Trustee may deem expedient to preserve or protect its interest interests and the interests of the Holders of the Notes in the Collateral (including suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the Note Liens created under the Collateral Documents or be prejudicial to the interests of the Holders of the Notes).

Suits to Protect the Collateral. Subject to the provisions of the Lien Subordination Agreement and the Collateral Documents, the Trustee is authorized and empowered shall have the authority to institute and maintain, or direct the Collateral Agent to institute and maintain, to maintain such suits and proceedings to protect or enforce as the Liens securing the Notes or Trustee may deem expedient to prevent any impairment of the Collateral by any acts which may be unlawful or in violation of any of the Collateral Documents or this Indenture, and such suits and proceedings as the Trustee may deem expedient to preserve or protect its interest interests and the interests of the Holders of the Notes in the Collateral (including suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the Note Liens created under the Collateral Documents or be prejudicial to the interests of the Holders of the Notes).

Suits to Protect the Collateral. Subject to the provisions of the Collateral Intercreditor Agreement and the Security Documents, the Trustee is authorized and empowered Collateral Agent shall have the authority to institute and maintain, or direct the Collateral Agent to institute and maintain, maintain such suits and proceedings to protect or enforce as the Liens securing the Notes or Collateral Agent may deem reasonably expedient to prevent any impairment of the Collateral by any acts which may be unlawful or in violation of any of the Collateral Security Documents or this Indenture, and such suits and proceedings as the Collateral Agent may deem reasonably expedient to preserve or protect its interest interests and the interests of the Holders of the Notes in the Collateral (including suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the Second Priority Liens created under the Collateral Documents or be prejudicial to the interests of the Holders of the Notes).

Suits to Protect the Collateral. Subject to the provisions of the Collateral Intercreditor Agreement and the Security Documents, the Trustee is authorized and empowered Collateral Agent acting at the written direction of the Required Holders shall have the authority to institute and maintain, or direct the Collateral Agent to institute and maintain, maintain such suits and proceedings to protect or enforce the Liens securing the Notes or to prevent any impairment of the Collateral by any acts which may be unlawful or in violation of any of the Collateral Security Documents or this Indenture, and such suits and proceedings as the Collateral Agent is directed in writing by the Required Holders to pursue to preserve or protect its interest and the interests of the Holders of the Notes in the Collateral (including suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the Second Priority Liens created under the Collateral Documents or be prejudicial to the interests of the Holders of the Notes).

Suits to Protect the Collateral. Subject to the provisions of the Lien Subordination Agreement and the Collateral Documents, the Trustee is authorized and empowered shall have the authority to institute and maintain, or direct the Collateral Agent to institute and maintain, maintain such suits and proceedings to protect or enforce as the Liens securing the Notes or Trustee may deem expedient to prevent any impairment of the Collateral by any acts which may be unlawful or in violation of any of the Collateral Documents or this Indenture, and such suits and proceedings as the Trustee may deem expedient to preserve or protect its interest interests and the interests of the Holders of the Notes in the Collateral (including suits or proceedings to restrain the enforcement of 101 or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the Note Liens created under the Collateral Documents or be prejudicial to the interests of the Holders of the Notes).