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ovisions of Section 5.5 with respect to the Event of Default that gave rise to such declaration; provided, however, that if such preservation of the Collateral is rescinded pursuant to Section 5.5 and such Event of Default is continuing, the Notes may be accelerated pursuant to the first paragraph of this
occurs and is continuing (other than an Event of Default specified in Section 5.1(f) or (g)), the Trustee shall, upon the written direction of the Requisite Noteholders, by notice to the Applicable Issuers (with a copy to the Collateral Manager), declare the principal of all the Notes to be immediately due and payab
he conditions specified in clause (i) or (ii) exist. (b) Nothing contained in Section 5.5(a) shall be construed to require the Trustee to sell the Collateral securing the Notes if the conditions set forth in clause (i) or (ii) of Section 5.5(a) are not satisfied. Nothing contained in Section 5.5(a) shall
cluding Deferred Interest), and all amounts payable prior to payment of principal on such Senior Notes pursuant to the Priority of Payments and the Requisite Noteholders and the Collateral Manager agree with such determination; or (ii) a Majority of each Class of Senior Notes Outstanding directs the sale and liqui
Note. (i) The obligations of the Issuer under the Notes and this Indenture are limited recourse obligations of the Issuer payable solely from the Collateral and the obligations of the Co-Issuer under the Class A Notes, Class B Notes and Class C Notes are nonrecourse obligations of the Co-Issuer, and fol
ghts and Remedies 100 Section 5.11 Rights and Remedies Cumulative 100 Section 5.12 Delay or Omission Not Waiver 100 Section 5.13 Control by Requisite Noteholders 100 Section 5.14 Waiver of Past Defaults 101 Section 5.15 Undertaking for Costs 101 Section 5.16 Waiver of Stay or Extension Laws 102 S
Entities connected to both Collateral and Requisite Noteholders
No mutual connections