VPS TRUSTEE Sample Clauses
VPS TRUSTEE. The VPS Trustee Agreement contains provisions for the indemnification of the VPS Trustee and for its relief from responsibility, including provisions relieving it from taking action unless indemnified and/or secured to its satisfaction. VPS Noteholders are deemed to have accepted and will be bound by the VPS Conditions and the terms of the VPS Trustee Agreement.
VPS TRUSTEE. Pursuant to the provisions of the VPS Trustee Agreement, no VPS Noteholder is entitled to take any action against the Guarantor or any other party in relation to any of the liabilities of the Guarantor or any other party under or in connection with the Conditions, other than through the VPS Trustee and in accordance with the Conditions and the VPS Trustee Agreement, provided, however, that the VPS Noteholders shall not be restricted from exercising any of their individual rights derived from the Conditions or the VPS Trustee Agreement.