Actions by Issuer Clause Samples
The "Actions by Issuer" clause defines the specific actions or decisions that the issuer of a security, contract, or financial instrument is authorized or required to take under the agreement. This may include issuing notices, making payments, executing documents, or taking steps necessary to fulfill the issuer's obligations. For example, the issuer might be responsible for distributing dividends, providing information to investors, or initiating certain corporate actions. The core function of this clause is to clearly delineate the issuer's responsibilities, ensuring all parties understand what actions the issuer must perform and under what circumstances, thereby reducing ambiguity and potential disputes.
Actions by Issuer. At the request of the Company or the Trustee, the Issuer shall take all steps required of it under the applicable provisions of the Indenture or the Bonds to effect the redemption of all or a portion of the Bonds pursuant to this Article VI; provided that, in such event, the Company shall reimburse the Issuer for its reasonable expenses, including attorneys’ fees, incurred in complying with such request.
Actions by Issuer. At the request of the Borrower or the Trustee, the Issuer shall take all steps required of it under the applicable provisions of the Indenture or the Bonds to effect the redemption of all or a portion of the Bonds pursuant to this Article.
Actions by Issuer. Any action which may be taken by the Issuer shall be deemed sufficiently taken if taken on its behalf by its Chairman, its Vice Chairman or its President or by any other member, director, officer or agent whom it may designate from time to time.
Actions by Issuer. Subject to Section 4.2 hereof, at the request of the Company or the Trustee, the Issuer shall take all steps required of it under the applicable provisions of the Indenture or the Bonds to effect the redemption of all or a portion of the Bonds pursuant to this Article VI. (End of Article VI)
Actions by Issuer. At the request of the Company or the Trustee, the Issuer shall take all steps, if any, required of it under the applicable provisions of the Indenture or the Series 1996 Bonds to effect the redemption of all or a portion of the Series 1996 Bonds pursuant to this Article VI.
Actions by Issuer. (a) Any action that may be taken by the Issuer hereunder shall be deemed sufficiently taken if taken on its behalf by its Chairman, its Vice Chairman or its Manager or by any other member, officer or agent whom it may designate from time to time.
(b) In the event there is no Issuer or the Issuer lacks legal capacity to give consent or take other action under this Agreement, the Trustee shall act in the place of the Issuer subject to the provisions hereof, other than Section 804, which would have been applicable to action by the Issuer.
Actions by Issuer. Notwithstanding any provision herein or in any other agreement executed by the Issuer with respect to the Bonds to the contrary, the Issuer shall not be required to take any action hereunder unless and until (a) it is requested to take such action, (b) it has received in a timely manner the instrument to be executed in form and substance satisfactory to the Issuer, and (c) it shall have received assurances satisfactory to the Issuer in its sole discretion that its fees and expenses of the Issuer with respect to such action shall be paid; provided that, if the Issuer receives correspondence from the Internal Revenue Service with respect to the Bonds, the Issuer shall forward such correspondence to the Company within a reasonable time after such receipt.
Actions by Issuer. At the request of the Lessee or the Trustee, the Issuer shall take all steps required of it under the applicable provisions of the Indenture or the Bonds to effect the redemption of all or a portion of the Bonds pursuant to this Article 6.
Actions by Issuer. (a) Any action that may be taken by the Issuer hereunder shall be deemed sufficiently taken if taken on its behalf by its Chairman, its Vice Chairman or its Manager or by any other member, officer or agent whom it may designate from time to time.
(b) In the event there is no Issuer or the Issuer lacks legal capacity to give consent or take other action under this Agreement, the Trustee shall act in the place of the Issuer subject to the provisions hereof, other than Section 804, which would have been applicable to action by the Issuer.