Other Remedies — Bond Indenture

Description

This smart field captures the remedies other than acceleration, including bringing proceedings at law or in equity to enforce the indenture. It also captures whether the trustee may maintain a proceeding even if it does not possess any of the corporate debt securities or does not produce any of them in the proceeding. It also captures whether a delay or omission by the trustee or any holder in exercising rights or remedies will impair the right or remedy, or constitute a waiver of or acquiescence in the event of default. It also captures whether a remedy is exclusive of any other remedy, and whether all available remedies are cumulative. This smart field was trained on high yield corporate debt security indentures governed by the laws of the United States and Canada.