This section outlines the Trustee's rights and responsibilities in the event of a default by the Issuer or Co-Issuer. It details the Trustee's authority to initiate proceedings to protect and enforce the rights of the Noteholders, including filing claims in bankruptcy or insolvency proceedings, voting on behalf of Noteholders, and collecting payments. The Trustee is also entitled to reasonable compensation and reimbursement for expenses incurred, except in cases of negligence or bad faith.
doj/DataSet10/EFTA01376416.pdf
{"key_people":["Trustee","Requisite Noteholders"],"document_type":"legal","document_subtype":"Indenture Enforcement Clause","key_organizations":["Issuer","Co-Issuer"],"reference_numbers":["DB-SDNY-0072532","SDNY_GM_00218716","EFTA01376416"]}