Mortgage Deed of Trust Dated June 1 1911 Securing An Issue of First And Gene
Mortgage Deed of Trust Dated June 1 1911 Securing An Issue of First And Gene
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The remedies aforesaid are cumulative. The exercise by the Trustee of any of the above remedies shall not in an}^ manner whatsoever deprive the Trustee or any holder or holders of the bonds issued hereunder of any other remedies in law or in equity not inconsistent with the provisions hereof.
The foregoing provisions for default are, however, subject to the condition that, if at any time after such default in payment of interest, all arrears of interest shall be paid by the Company or received ...by the Trustee from the property mortgaged or pledged hereunder before any sale of the property shall have been made, or if any default in the observance or performance of any covenant or condition herein not relating to the payment of interest shall, before any such sale, be cured or adequate satisfaction in the opinion of the Trustee made therefor, then the Trustee may, and in every case upon the written request of the holders of a majority in interest of the bonds secured hereby then outstanding shall, waive such default (except a default in the payment of principal) and its consequences, but no such waiver shall extend to or affect any subsequent default or impair any right consequent thereon.
What to read after Mortgage Deed of Trust Dated June 1 1911 Securing An Issue of First And Gene?
You can find similar books in the "Read Also" column, or choose other free books by Bloomington And Normal Railway And Light Co to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The remedies aforesaid are cumulative. The exercise by the Trustee of any of the above remedies shall not in an}^ manner whatsoever deprive the Trustee or any holder or holders of the bonds issued hereunder of any other remedies in law or in equity not inconsistent with the provisions hereof.
The foregoing provisions for default are, however, subject to the condition that, if at any time after such default in payment of interest, all arrears of interest shall be paid by the Company or received ...by the Trustee from the property mortgaged or pledged hereunder before any sale of the property shall have been made, or if any default in the observance or performance of any covenant or condition herein not relating to the payment of interest shall, before any such sale, be cured or adequate satisfaction in the opinion of the Trustee made therefor, then the Trustee may, and in every case upon the written request of the holders of a majority in interest of the bonds secured hereby then outstanding shall, waive such default (except a default in the payment of principal) and its consequences, but no such waiver shall extend to or affect any subsequent default or impair any right consequent thereon.
What to read after Mortgage Deed of Trust Dated June 1 1911 Securing An Issue of First And Gene?
You can find similar books in the "Read Also" column, or choose other free books by Bloomington And Normal Railway And Light Co to read onlineMoreLess
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