Authorization to Imprint, Authenticate and Deliver. (a) The Secretary hereby authorizes and directs the Indenture Trustee to cause the Guarantees, the facsimile signature of the Maritime Administrator or the Acting Maritime Administrator, and facsimile seal of the U.S. Department of Transportation to be imprinted upon Obligations consisting of the Notes and the Bonds, attached to the Indenture as Exhibit 2A and 2B, respectively, and issued in accordance with Article II and Article III of the Indenture. The form of the Guarantee to be imprinted on the Obligation is as follows: "The United States of America, represented by the Secretary of Transportation, acting by and through the Maritime Administrator, pursuant to Title XI ox xxx Xxxxxxxx Xxxxxx Xxx, 0000, xx amended, hereby guarantees to the holder of the Note [or the Bond, as the case may be] annexed hereto, upon demand of the holder or his agent, payment of the unpaid interest on, and the unpaid balance of the principal of, such Note [Bond], including interest accruing between the date of default under such Note [Bond], and the payment in full of the Note [Bond] under this Guarantee. The full faith and credit of the United States of America is pledged to the payment of this Guarantee. The validity of this Guarantee is incontestable in the hands of any holder of such Note [Bond] Payment of this Guarantee will be made in accordance with the provisions of such Note [Bond]. UNITED STATES OF AMERICA SECRETARY OF TRANSPORTATION
Appears in 1 contract
Samples: Authorization Agreement (American Classic Voyages Co)
Authorization to Imprint, Authenticate and Deliver. (a) The Secretary hereby authorizes and directs the Indenture Trustee to cause the Guarantees, the facsimile signature of the Maritime Administrator or the Acting Maritime Administrator, and facsimile seal of the U.S. Department of Transportation to be imprinted upon Obligations consisting of the Notes and the Bonds, attached to the Indenture as Exhibit 2A and 2B, respectively, 2 and issued in accordance with Article II and Article III of the Indenture. The form of the Guarantee to be imprinted on the Obligation is as follows: "The United States of America, represented by the Secretary of Transportation, acting by and through the Maritime Administrator, pursuant to Title XI ox xxx Xxxxxxxx Xxxxxx Xxx, 0000, xx amended, hereby guarantees to the holder of the Note [or the BondObligation, as the case may be] annexed hereto, upon demand of the holder or his agent, payment of the unpaid interest on, and the unpaid balance of the principal of, such Note [Bond]Obligation, including interest accruing between the date of default under such Note [Bond]Obligation, and the payment in full of the Note [Bond] Obligation under this Guarantee. The full faith and credit of the United States of America is pledged to the payment of this Guarantee. The validity of this Guarantee is incontestable in the hands of any holder of such Note [Bond] Obligation Payment of this Guarantee will be made in accordance with the provisions of such Note [Bond]Obligation. UNITED STATES OF AMERICA SECRETARY OF TRANSPORTATIONTRANSPORTATION (SEAL) By ---------------------------- Maritime Administrator"
Appears in 1 contract
Samples: Authorization Agreement (American Classic Voyages Co)
Authorization to Imprint, Authenticate and Deliver. (a) The Secretary Administrator hereby authorizes and directs the Indenture Trustee to cause the Guarantees, the facsimile signature of the Maritime Administrator or the Acting Maritime Administrator, and facsimile seal of the U.S. Department of Transportation to be imprinted upon Obligations consisting of the Notes and the Bonds, attached to the Indenture as Exhibit 2A and 2B, respectively, and issued in accordance with Article II and Article III of the Indenture. The form of the Guarantee to be imprinted on the Obligation is as follows: "The United States of America, represented by the Secretary of Transportation, acting by and through the Maritime Administrator, pursuant to the provisions of Title XI ox XX xx xxx Xxxxxxxx Xxxxxx Xxx, 0000, xx amendednow codified at 46 USC Chapter 537, hereby guarantees to the holder of the Note [or the Bond, as the case may be] Obligation annexed hereto, upon demand of the holder or his agent, payment of the unpaid interest on, and the unpaid balance of the principal of, such Note [Bond]Obligation, including interest accruing between the date of default under such Note [Bond], Obligation and the payment in full of the Note [Bond] Obligation under this Guarantee; provided however, payment of any unearned interest and/or any premium of any description whatsoever, including, without limitation, any prepayment premium, are not guaranteed hereunder. The full faith and credit of the United States of America is pledged to the payment of this Guarantee. The validity of this Guarantee is incontestable in the hands of any holder of such Note [Bond] Obligation. Payment of this Guarantee will be made in accordance with the provisions of such Note [Bond]Obligation, subject to the above limitations on payment under the Guarantee. UNITED STATES OF AMERICA SECRETARY OF TRANSPORTATIONMARITIME ADMINISTRATION (SEAL) BY: Maritime Administrator"
Appears in 1 contract
Samples: Authorization Agreement
Authorization to Imprint, Authenticate and Deliver. (a) The Secretary hereby authorizes and directs the Indenture Trustee to cause the Guarantees, the facsimile signature of the Maritime Administrator or the Acting Maritime Administrator, and facsimile seal of the U.S. Department of Transportation to be imprinted upon Obligations consisting of the Notes and the Bonds, attached to the Indenture as Exhibit 2A and 2B, respectively, 2 and issued in accordance with Article II and Article III of the Indenture. The form of the Guarantee to be imprinted on the Obligation is as follows: "The United States of America, represented by the Secretary of Transportation, acting by and through the Maritime Administrator, pursuant to Title XI ox xxx Xxxxxxxx Xxxxxx Xxx, 0000, xx amended, hereby guarantees to the holder of the Note [or the BondObligation, as the case may be] annexed hereto, upon demand of the holder or his agent, payment of the unpaid interest on, and the unpaid balance of the principal of, such Note [Bond]Obligation, including interest accruing between the date of default under such Note [Bond]Obligation, and the payment in full of the Note [Bond] Obligation under this Guarantee. The full faith and credit of the United States of America is pledged to the payment of this Guarantee. The validity of this Guarantee is incontestable in the hands of any holder of such Note [Bond] Obligation Payment of this Guarantee will be made in accordance with the provisions of such Note [Bond]Obligation. UNITED STATES OF AMERICA SECRETARY OF TRANSPORTATIONTRANSPORTATION (SEAL) By -------------------------------------- Maritime Administrator"
Appears in 1 contract
Samples: Authorization Agreement (American Classic Voyages Co)