Common use of Trustee May Enforce Claims Without Possession of Notes Clause in Contracts

Trustee May Enforce Claims Without Possession of Notes. (a) All rights of action and claims under this Indenture, or under any of the Notes, may be enforced by the Indenture Trustee without the possession of any of the Notes or the production of any of the Notes in any Proceeding relative to any of the Notes, and any such Proceeding instituted by the Indenture Trustee will be brought in its own name as trustee of an express trust, and any recovery of judgment, subject to the amounts owed to the Indenture Trustee under Section 6.7, will be for the benefit of the Secured Parties in respect of which such judgment has been recovered.

Appears in 39 contracts

Samples: Indenture (Ford Credit Auto Owner Trust 2013-C), Indenture (Ford Credit Auto Owner Trust 2009-B), Indenture (Ford Credit Auto Owner Trust 2012-B)

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Trustee May Enforce Claims Without Possession of Notes. (a) All rights of action and claims under this Indenture, or under any of the Notes, may be enforced by the Indenture Trustee without the possession of any of the Notes or the production of any of the Notes in any Proceeding relative to any of the Notes, and any such Proceeding instituted by the Indenture Trustee will be brought in its own name as trustee of an express trust, and any recovery of judgment, subject to the amounts owed to the Indenture Trustee under Section 6.7, will be for the benefit of the Secured Parties in respect of which such the judgment has been recovered.

Appears in 8 contracts

Samples: Indenture (Ford Credit Auto Owner Trust 2015-B), Indenture (Ford Credit Auto Owner Trust 2014-C), Indenture (Ford Credit Auto Owner Trust 2014-B)

Trustee May Enforce Claims Without Possession of Notes. (a) All rights of action and claims under this Indenture, or under any of the Notes, may be enforced by the Indenture Trustee without the possession of any of the Notes or the production of any of the Notes in any Proceeding relative to any of the Notes, and any such Proceeding instituted by the Indenture Trustee will be brought in its own name as trustee of an express trust, and any recovery of judgment, subject to the amounts owed to the Indenture Trustee under Section 6.78.7, will be for the benefit of the Secured Parties Noteholders in respect of which such judgment has been recovered.

Appears in 3 contracts

Samples: Indenture (Commercial Credit, Inc.), Indenture (Commercial Credit, Inc.), Indenture (Commercial Credit, Inc.)

Trustee May Enforce Claims Without Possession of Notes. (a) All rights of action and claims under this Indenture, Indenture or under any of the Notes, Notes may be prosecuted and enforced by the Indenture Trustee without the possession of any of the Notes or the production of any of the Notes thereof in any Proceeding relative to any of the Notesproceeding relating thereto, and any such Proceeding proceeding instituted by the Indenture Trustee will shall be brought in its own name as trustee of an express trust, and any recovery of judgmentjudgment shall, subject to after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel (including, without limitation, all amounts owed to due the Indenture Trustee under Section 6.76.6 hereof), will be for the ratable benefit of the Secured Parties holders of the Notes in respect of which such judgment has been recovered.

Appears in 3 contracts

Samples: Indenture (Stena Ab), Indenture (Stena Ab), Indenture (Stena Ab)

Trustee May Enforce Claims Without Possession of Notes. (a) All rights of action and claims under this Indenture, or under any of the Notes, may be enforced by the Indenture Trustee without the possession of any of the Notes or the production of any of the Notes in any Proceeding relative to any of the Notes, and any such Proceeding instituted by the Indenture Trustee will be brought in its own name as trustee of an express trust, and any recovery of judgment, subject to the amounts owed to the Indenture Trustee under Section 6.7, will be for the benefit of the 2012-B Secured Parties in respect of which such judgment has been recovered.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2012-B), Indenture (Ford Credit Auto Lease Trust 2012-B)

Trustee May Enforce Claims Without Possession of Notes. (a) All rights of action and claims under this Indenture, or under any of the Notes, may be enforced by the Indenture Trustee without the possession of any of the Notes or the production of any of the Notes in any Proceeding relative to any of the Notes, and any such Proceeding instituted by the Indenture Trustee will be brought in its own name as trustee of an express trust, and any recovery of judgment, subject to the amounts owed to the Indenture Trustee under Section 6.7, will be for the benefit of the 2013-B Secured Parties in respect of which such judgment has been recovered.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2013-B), Indenture (Ford Credit Auto Lease Trust 2013-B)

Trustee May Enforce Claims Without Possession of Notes. (a) All rights of action and claims under this Indenture, or under any of the Notes, may be enforced by the Indenture Trustee without the possession of any of the Notes or the production of any of the Notes in any Proceeding relative to any of the Notes, and any such Proceeding instituted by the Indenture Trustee will be brought in its own name as trustee of an express trust, and any recovery of judgment, subject to the amounts owed to the Indenture Trustee under Section 6.7, will be for the benefit of the 2014-B Secured Parties in respect of which such the judgment has been recovered.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2014-B), Indenture (Ford Credit Auto Lease Trust 2014-B)

Trustee May Enforce Claims Without Possession of Notes. (a) All rights of action and claims under this Indenture, or under any of the Notes, may be enforced by the Indenture Trustee without the possession of any of the Notes or the production of any of the Notes in any Proceeding relative to any of the Notes, and any such Proceeding instituted by the Indenture Trustee will be brought in its own name as trustee of an express trust, and any recovery of judgment, subject to the amounts owed to the Indenture Trustee under Section 6.7, will be for the benefit of the 2012-A Secured Parties in respect of which such judgment has been recovered.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2012-A), Indenture (Ford Credit Auto Lease Trust 2012-A)

Trustee May Enforce Claims Without Possession of Notes. (a) All rights of action and claims under this Indenture, or under any of the Notes, may be enforced by the Indenture Trustee without the possession of any of the Notes or the production of any of the Notes in any Proceeding relative to any of the Notes, and any such Proceeding instituted by the Indenture Trustee will be brought in its own name as trustee of an express trust, and any recovery of judgment, subject to the amounts owed to the Indenture Trustee under Section 6.7, will be for the benefit of the 2011-A Secured Parties in respect of which such judgment has been recovered.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2011-A), Indenture (Ford Credit Auto Lease Trust 2011-A)

Trustee May Enforce Claims Without Possession of Notes. (a) All rights of action and claims under this Indenture, or under any of the Notes, may be enforced by the Indenture Trustee without the possession of any of the Notes or the production of any of the Notes in any Proceeding relative to any of the Notes, and any such Proceeding instituted by the Indenture Trustee will be brought in its own name as trustee of an express trust, and any recovery of judgment, subject to the amounts owed to the Indenture Trustee under Section 6.7, will be for the benefit of the 2011-B Secured Parties in respect of which such judgment has been recovered.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2011-B), Indenture (Ford Credit Auto Lease Trust 2011-B)

Trustee May Enforce Claims Without Possession of Notes. (a) All rights of action and claims under this Indenture, any Indenture Supplement or under any of the Notes, may be enforced by the Indenture Trustee without the possession of any of the Notes or the production of any of the Notes in any Proceeding relative to any of the Notes, and any such Proceeding instituted by the Indenture Trustee will be brought in its own name as trustee of an express trust, and any recovery of judgment, subject to the amounts owed to the Indenture Trustee under Section 6.7, will be for the benefit of the Secured Parties in respect of which such judgment has been recovered.

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan Corp

Trustee May Enforce Claims Without Possession of Notes. (a) All rights of action and claims under this Indenture, or under any of the Notes, may be enforced by the Indenture Trustee without the possession of any of the Notes or the production of any of the Notes in any Proceeding relative to any of the Notes, and any such Proceeding instituted by the Indenture Trustee will be brought in its own name as trustee of an express trust, and any recovery of judgment, subject to the amounts owed to the Indenture Trustee under Section 6.7, will be for the benefit of the 2013-A Secured Parties in respect of which such judgment has been recovered.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2013-A), Indenture (Ford Credit Auto Lease Trust 2013-A)

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Trustee May Enforce Claims Without Possession of Notes. (a) All rights of action and claims under this Indenture, or under any of the Notes, may be enforced by the Indenture Trustee without the possession of any of the Notes or the production of any of the Notes in any Proceeding relative to any of the Notes, and any such Proceeding instituted by the Indenture Trustee will be brought in its own name as trustee of an express trust, and any recovery of judgment, subject to the amounts owed to the Indenture Trustee under Section 6.7, will be for the benefit of the 2014-A Secured Parties in respect of which such judgment has been recovered.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2014-A), Indenture (Ford Credit Auto Lease Trust 2014-A)

Trustee May Enforce Claims Without Possession of Notes. (a) All rights of action and claims under this Indenture, or under any of the Notes, may be enforced by the Indenture Trustee without the possession of any of the Notes or the production of any of the Notes in any Proceeding relative to any of the Notes, and any such Proceeding instituted by the Indenture Trustee will be brought in its own name as trustee of an express trust, and any recovery of judgment, subject to the amounts owed to the Indenture Trustee under Section 6.7, will be for the benefit of the 2015-A Secured Parties in respect of which such the judgment has been recovered.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2015-A), Ford Credit Auto Lease Trust 2015-A

Trustee May Enforce Claims Without Possession of Notes. (a) All rights of action and claims under this Indenture, or under any of the Notes, may be enforced by the Indenture Trustee without the possession of any of the Notes or the production of any of the Notes in any Proceeding relative to any of the Notes, and any such Proceeding instituted by the Indenture Trustee will be brought in its own name as trustee of an express trust, and any recovery of judgment, subject to the amounts owed to the Indenture Trustee under Section 6.7, will be for the benefit of the 2015-B Secured Parties in respect of which such the judgment has been recovered.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2015-B), Indenture (Ford Credit Auto Lease Trust 2015-B)

Trustee May Enforce Claims Without Possession of Notes. (a) All rights of action and claims under this Indenture, or under any of the Notes, may be enforced by the Indenture Trustee without the possession of any of the Notes or the production of any of the Notes in any Proceeding relative to any of the Notes, and any such Proceeding instituted by the Indenture Trustee will be brought in its own name as trustee of an express trust, and any recovery of judgment, subject to the amounts owed to the Indenture Trustee under Section 6.7, will be for the benefit of the 20_-_ Secured Parties in respect of which such judgment has been recovered.

Appears in 1 contract

Samples: Indenture (CAB West LLC)

Trustee May Enforce Claims Without Possession of Notes. (a) All rights of action and claims under this Indenture, or under any of the Notes, may be enforced by the Indenture Trustee without the possession of any of the Notes or the production of any of the Notes in any Proceeding relative to any of the Notes, and any such Proceeding instituted by the Indenture Trustee will be brought in its own name as trustee of an express trust, and any recovery of judgment, subject to the amounts owed to the Indenture Trustee under Section 6.7, will be for the benefit of the 20__-_ Secured Parties in respect of which such the judgment has been recovered.

Appears in 1 contract

Samples: Indenture (CAB West LLC)

Trustee May Enforce Claims Without Possession of Notes. (a) All rights of action and claims under this Indenture, or under any of the NotesNote, may be enforced by the Indenture Trustee without the possession of any of the Notes or the production of any of the Notes in any Proceeding trial or other Proceedings relative to any of the Notes, and any such Proceeding action or Proceedings instituted by the Indenture Trustee will be brought in its own name as trustee of an express trust, and any recovery of judgment, subject to the amounts owed to the payment of expenses, disbursements and compensation of Indenture Trustee under Section 6.7, and each predecessor Indenture Trustee will be for the benefit of the Secured Parties in respect of which such judgment has been recovered.

Appears in 1 contract

Samples: NewStar Financial, Inc.

Trustee May Enforce Claims Without Possession of Notes. (a) All rights of action and claims under this Indenture, Indenture or under any of the Notes, Notes may be prosecuted and enforced by the Indenture Trustee without the possession of any of the Notes or the production of any of the Notes thereof in any Proceeding relative to any of the Notesproceeding relating thereto, and any such Proceeding proceeding instituted by the Indenture Trustee will shall be brought in its own name as trustee of an express trust, and any recovery of or judgment, subject after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and all other amounts due to the amounts owed to the Indenture Trustee under Section 6.7, will shall be for the ratable benefit of the Secured Parties each and every Holder in respect of which such judgment has been recovered.

Appears in 1 contract

Samples: Indenture (Cit Group Inc)

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