📄 Extracted Text (646 words)
Section 5.3 Collection of indebtedness and Suits for Enforcement by Trustee.
If an Event ofDefault occurs and is continuing, subject to Section 5.5, the Trustee
may in its discretion, and shall upon written direction of the Requisite Noteholders, proceed to
protect and enforce its rights and the rights of the Noteholders by such appropriate Proceedings
as the Trustee shall deem most effectual (if no such direction is received by the Trustee) or as the
Trustee may be directed by the Requisite Noteholders, to protect and enforce any such rights,
whether for the specific enforcement of any covenant or agreement in this Indenture or in aid of
the exercise of any power granted herein, or to enforce any other proper remedy or legal or
equitable right vested in the Trustee by this Indenture or by law.
In case there shall be pending Proceedings relative to the Issuer or the Co-Issuer
or any other obligor upon the Notes under the Bankruptcy Law or any other applicable
bankruptcy, insolvency or other similar law, or in case a receiver, assignee or trustee in
bankruptcy or reorganization, liquidator, sequestrator or similar official shall have been
appointed for or taken possession of the Issuer, the Co-Issuer or their respective property or such
other obligor or its property, or in case of any other comparable Proceedings relative to the
Issuer, the Co-Issuer or other obligor upon the Notes, or the creditors or property of the Issuer,
the Co-Issuer or such other obligor, the Trustee, regardless of whether the principal of any Notes
shall then be due and payable as therein expressed or by declaration or otherwise and regardless
of whether the Trustee shall have made any demand pursuant to the provisions of this Section
5.3, shall be entitled and empowered, by intervention in such Proceedings or otherwise:
(a) to file and prove a claim or claims for the whole amount of principal and
interest owing and unpaid in respect of the Notes upon direction by the Holders of such Notes,
and to file such other papers or documents as may be necessary or advisable in order to have the
claims of the Trustee (including any claim for reasonable compensation to the Trustee and each
predecessor Trustee, and their respective agents, attorneys and counsel, and for reimbursement of
all reasonable expenses and liabilities incurred, and all advances made, by the Trustee and each
predecessor Trustee, except as a result of negligence or bad faith) and of the Noteholders allowed
in any Proceedings relative to the Issuer, the Co-Issuer or other obligor upon the Notes or to the
creditors or property of the Issuer, the Co-Issuer or such other obligor;
(b) unless prohibited by applicable law and regulations, to vote on behalf of
the Holders of the Notes, upon the direction of such Holders, in any election of a trustee or a
standby trustee in arrangement, reorganization, liquidation or other bankruptcy or insolvency
Proceedings or person performing similar functions in comparable Proceedings; and
(c) to collect and receive any Cash or other property payable to or deliverable
on any such claims, and to distribute all amounts received with respect to the claims of the
Noteholders and of the Trustee on their behalf; and any trustee, receiver or liquidator, custodian
or other similar official is hereby authorized by each of the Noteholders to make payments to the
Trustee, and, in the event that the Trustee shall consent to the making of payments directly to the
Noteholders, to pay to the Trustee such amounts as shall be sufficient to cover reasonable
compensation to the Trustee, each predecessor Trustee and their respective agents, attorneys and
counsel, and all other reasonable expenses and liabilities incurred, and all advances made, by the
Trustee and each predecessor Trustee except as a result of negligence or bad faith.
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CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0072532
CONFIDENTIAL SDNY_GM_00218716
EFTA01376416
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