Common use of Institution of Equity Proceedings Clause in Contracts

Institution of Equity Proceedings. If an Event of Default occurs and is continuing, Mortgagee, may institute an action, suit or proceeding in equity for specific performance of this Mortgage and the Guarantee and Collateral Agreement, both of which shall be specifically enforceable by injunction or other equitable remedy.

Appears in 1 contract

Samples: Collateral Agreement (Enexus Energy CORP)

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Institution of Equity Proceedings. If an Event of Default occurs and is continuing, Mortgagee, Mortgagee may institute an action, suit or proceeding in equity for specific performance of this Mortgage and the Guarantee and Collateral Agreementor any other Secured Debt Document, both all of which shall be specifically enforceable by injunction or other equitable remedy.

Appears in 1 contract

Samples: Rents and Security Agreement (Calpine Corp)

Institution of Equity Proceedings. If an Event of Default occurs and is continuing, Mortgagee, Mortgagee may institute an action, suit or proceeding in equity for specific performance of this Mortgage and Mortgage, the Guarantee and Collateral Credit Agreement, both the Indenture or any other Indebtedness Document, all of which shall be specifically enforceable by injunction or other equitable remedy. Borrower and Mortgagor each waive any defense based on laches.

Appears in 1 contract

Samples: Fixture Filing and Security Agreement (Marina District Development Company, LLC)

Institution of Equity Proceedings. If an Event of Default occurs has occurred and is continuing, Mortgagee, Mortgagee may institute an action, suit or proceeding in equity for specific performance of this Mortgage and Mortgage, the Guarantee and Collateral AgreementCredit Agreement or any other Loan Document, both all of which shall be specifically enforceable by injunction or other equitable remedy. Mortgagor waives any defense based on laches or any applicable statute of limitations.

Appears in 1 contract

Samples: Credit Agreement (Revel Entertainment Group, LLC)

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Institution of Equity Proceedings. If an Event of Default occurs and is continuing, MortgageeMortgagee may, may but shall not be obligated to, institute an action, suit or proceeding in equity for specific performance of this Mortgage and the Guarantee and Collateral Agreementor any other Secured Debt Document, both all of which shall be specifically enforceable by injunction or other equitable remedy.

Appears in 1 contract

Samples: Credit Agreement (Calpine Corp)

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