Common use of Termination of Proceedings Clause in Contracts

Termination of Proceedings. In case any proceeding taken by the Trustee on account of any Event of Default has been discontinued or abandoned for any reason, then in every such case the Agency, the Trustee and the Bondholders shall be restored to their former positions and rights hereunder, respectively, and all rights, remedies, powers and duties of the Trustee shall continue as though no such proceeding had been taken.‌

Appears in 1 contract

Samples: www.calhfa.ca.gov

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Termination of Proceedings. In case any proceeding proceedings taken by the Trustee on account of any Event of Default has shall have been discontinued or abandoned for any reason, then in every such case the AgencyAuthority, the Trustee and the Bondholders shall be restored to their former positions and rights hereunder, respectively, and all rights, remedies, powers and duties of the Trustee shall continue as though no such proceeding had been taken.‌taken.

Appears in 1 contract

Samples: Indenture of Trust

Termination of Proceedings. In case any proceeding taken by the Trustee on account of any Event of Default has shall have been discontinued or abandoned for any reason, then in every such case the AgencyIssuer, the Trustee and the Bondholders shall be restored to their former positions and rights hereunder, respectively, and all rights, remedies, powers and duties of the Trustee shall continue as though no such proceeding had been taken.‌taken.

Appears in 1 contract

Samples: www.floridahousing.org

Termination of Proceedings. In case any proceeding proceedings taken by the Trustee on account of any Event of Default has shall have been discontinued or abandoned for any reason, then in every such case the AgencyCorporation, the Trustee and the Bondholders Registered Owners shall be restored to their former positions and rights hereunder, respectively, and all rights, remedies, powers and duties of the Trustee shall continue as though no such proceeding had been taken.‌taken; provided each Credit Facility or Liquidity Facility for the Notes previously in effect is fully reinstated and in full force and effect.

Appears in 1 contract

Samples: Guaranty Agreement (Uici)

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Termination of Proceedings. In case any proceeding taken by the Trustee on account of any an Event of Default has shall have been discontinued or abandoned for any reasonreason or shall have been determined adversely to the Trustee or to the Bondholders, then in every such case the AgencyAirports Authority, the Trustee and the Bondholders shall be restored to their former positions and rights hereunder, respectively, and all rights, remedies, remedies and powers and duties of the Trustee and the Bondholders shall continue as though if no such proceeding had been taken.‌taken.

Appears in 1 contract

Samples: Master Indenture

Termination of Proceedings. In case any proceeding taken proceedings commenced by the Trustee on account of any Event of Default has default shall have been discontinued or abandoned for any reasonreason or shall have been detennined adversely to the Trustee, then and in every such case the AgencyCorporation, the Trustee Trustee, each Provider and the Bondholders shall be restored to their former positions and rights hereunder, respectively, and all rights, remedies, powers and duties of the Trustee shall continue as though no such proceeding had been taken.‌commenced.

Appears in 1 contract

Samples: Trust Indenture

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