Common use of Suits To Protect the Notes Collateral Clause in Contracts

Suits To Protect the Notes Collateral. Subject to the provisions of the Notes Security Documents and the Intercreditor Agreement, the Notes Security Agent shall have the power to institute and to maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Notes Collateral by any acts which may be unlawful or in violation of any of the Notes Security Documents or this Indenture, and such suits and proceedings as the Notes Security Agent, in its sole discretion, may deem expedient to preserve or protect the Security Interests created under the Notes Security Documents (including the power to institute and maintain 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 Security Interest on the Notes Collateral or be prejudicial to the interests of the Holders or the Trustee).

Suits To Protect the Notes Collateral. Subject to the provisions of the Notes Security Documents and the Intercreditor Agreement, the Notes Security Agent shall have the power to institute and to maintain such suits 152 and proceedings as it may deem expedient to prevent any impairment of the Notes Collateral by any acts which may be unlawful or in violation of any of the Notes Security Documents or this Indenture, and such suits and proceedings as the Notes Security Agent, in its sole discretion, may deem expedient to preserve or protect the Security Interests created under the Notes Security Documents (including the power to institute and maintain 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 Security Interest on the Notes Collateral or be prejudicial to the interests of the Holders or the Trustee).