Source: http://www.scribd.com/doc/164118812/American-Roads-Standing-Opinion-Exhibits
Timestamp: 2015-03-31 17:06:58
Document Index: 320975766

Matched Legal Cases: ['§ 101', '§ 802', '§ 803', '§ 804', '§ 806', '§ 807', '§ 1002', '§ 1204', '§ 4', '§ 6', '§ 6', '§ 6', '§ 6', '§ 1', '§ 3', '§ 7', '§ 7', '§ 7', '§ 7', '§ 1', '§ 8', '§ 802', '§ 803', '§ 804', '§ 807']

American Roads Standing Opinion Exhibits
P. 1American Roads Standing Opinion ExhibitsAmerican Roads Standing Opinion ExhibitsRatings: (0)|Views: 147|Likes: 0Published by Chapter 11 DocketsAmerican Roads Standing Opinion ExhibitsAmerican Roads Standing Opinion ExhibitsMore info:Published by: Chapter 11 Dockets on Aug 30, 2013Copyright:Attribution Non-commercialAvailability:Read on Scribd mobile: iPhone, iPad and Android.download as PDF, TXT or read online from ScribdFlag for inappropriate content|Add to collectionSee moreSee lesshttps://www.scribd.com/doc/164118812/American-Roads-Standing-Opinion-Exhibits09/20/2014pdftextoriginal 1
INDEX OF KEY PROVISIONS REGARDING AUTHORITY OF SYNCORA AND BANK OF NEW YORK TOEXERCISE
RIGHTS AND REMEDIES ON BEHALF OF BONDHOLDERS UNDER THE FINANCINGDOCUMENTS
§ 101§ 802§ 803§ 804§ 806§ 807§ 1002§ 1204(a)§ 4.2§ 6.1(a)§ 6.1(b)§ 6.4§ 6.5§ 1.01§ 3.03§ 7.03§ 7.04§ 7.10§ 7.12§ 1.1§ 8.3(a), (d)
KEY PROVISIONS REGARDING AUTHORITY OF SYNCORA AND BANK OF NEW YORK TO EXERCISE
RIGHTS AND REMEDIES ON BEHALF OF BONDHOLDERS UNDER THE FINANCING DOCUMENTS
ONDHOLDER C
Section Text Debtors
Bondholders’ Description
Indenture § 802
– AccelerationSubject to the terms of the CommonAgreement and the Collateral AgencyAgreement and the rights of any ApplicableInsurer pursuant to Section 1204, upon theoccurrence of any Event of Default describedin Section 8.1 of the Common Agreementknown to a Responsible Officer of theTrustee, the Trustee shall, but only upon thewritten request of the Applicable Insurer (soBondholders may notaccelerate payment of the Bonds upon theoccurrence of an
of Default” without
the prior written consent of Syncora as theApplicable Insurer.
13-12412-brl Doc 127-1 Filed 08/28/13 Entered 08/28/13 16:52:54 Exhibit APg 1 of 20
long as the Applicable Bond Policy is ineffect and no Insurer Default has occurredand is continuing) or a Majority of theBondholders (with the prior written consentof the Applicable Insurer unless an Insurer Default has
and is continuing),declare all Bonds then outstanding to be dueand payable immediately, and, upon suchdeclaration, all principal and Interest accruedthereon and, to the fullest extent permitted byapplicable law, all make whole premium, if any, and all other amounts payable under theBonds and this Indenture shall becomeimmediately due and payable without presentment, demand, protest or notice of anykind, all of which are hereby waived by theIssuer. Interest shall accrue on the Bonds tothe date of payment (even if after the date of acceleration).Indenture § 803
– Other Remedies;
Subject to the terms of the CommonAgreement and the Collateral AgencyAgreement and the rights of the ApplicableInsurer pursuant to Section 1204 hereof,upon the continuance of an Event of Default, if so requested by the ApplicableInsurer or a Majority of the Bondholders(with the consent of the ApplicableInsurer unless an Insurer Default hasoccurred and is continuing), and if satisfactory indemnity has been furnished toit, the Trustee shall exercise such of therights and powers conferred by thisIndenture, the Security Documents or any
other Transaction Document as theTrustee, being advised by counsel, shalldeem most effective to enforce and protectthe interests of the
Bondholders.Upon the continuance of an
of Default,”
Syncora or a majority of the Bondholders (withSyncor a’s
consent) havethe right to direct Bank of New York, in itscapacity as the Trustee,to exercise the rightsand powers conferred by the FinancingDocuments.Indenture § 804
– Subject to the terms of the CommonSyncora or a majority of 13-12412-brl Doc 127-1 Filed 08/28/13 Entered 08/28/13 16:52:54 Exhibit APg 2 of 20
Agreement and the Collateral AgencyAgreement and the rights of the ApplicableInsurer pursuant to Section 1204 hereof, butanything else in this Indenture to thecontrary notwithstanding, the ApplicableInsurer (so long as no Insurer Default hasoccurred and is continuing) or a Majorityof the Bondholders
consent of the Applicable Insurer so long as noInsurer Default has occurred and iscontinuing) shall have the right at anytime, by an instrument or instruments inwriting executed and delivered to theTrustee, to direct the method and place of conducting all proceedings to be taken inconnection with the enforcement of theterms and conditions of this Indenture, theSecurity Documents, the Auction AgentAgreement or any other TransactionDocument or for the appointment of areceiver or any other proceedingshereunder or thereunder; provided that suchdirection shall be in accordance withapplicable law, this Indenture, the CommonAgreement and, if applicable, the SecurityDocuments, the Auction Agent Agreementor such other Transaction Document, and provided that the Trustee shall beindemnified to its satisfaction.the Bondholders (withSyncor a’s
consent) havethe right to direct themethod and place of conducting any proceeding for theenforcement of theterms and conditions of the FinancingDocuments.Indenture § 807
– Rights and
of Bondholders
Bondholder shall have any right toinstitute any
of this Indenture or any rightor remedy granted hereby unless (i) anEvent of Default is
Officer of the Trustee isdeemed to have notice or knowledge
thereof or has
been notified as providedin Section 901(d), (iii) a Majority of the
(with the consent of theApplicable Insurer unless an Insurer Default has occurred and is
shall have made written request to theBondholders do nothave the right toinstitute proceedings for theenforcement of theIndenture or any right or remedy granted under the Indenture unless,among other things, theBondholders (withSyn
cora’s consent)
havemade written request to
13-12412-brl Doc 127-1 Filed 08/28/13 Entered 08/28/13 16:52:54 Exhibit APg 3 of 20
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