Bondholders. Upon receipt of written request from the holder of the Bonds;
(i) Owner shall provide to such holder reasonable evidence (including, if requested, certificates of insurance) that Owner is maintaining the policies of insurance required to be maintained by it pursuant to this Section.
Bondholders. The Seller agrees that the representations and warranties inure to the benefit of the Issuer and the Indenture Trustee for the benefit of the Series 2003-1 Bondholders.
Bondholders. The Lessee shall not enter into any transaction constituting a consolidation, merger, conveyance, transfer, lease or dividend not permitted by Section l0(b)(3)(ii), irrespective of any consent or waiver of the Owner Participant, unless immediately after giving effect to such transaction, the Bonds (or, if the Bonds are not then rated, the preferred stock of the Surviving Lessee), after giving effect to such transaction, shall be rated at least "investment grade" by Standard & Poor's Corporation and Xxxxx'x Investors Service, Inc.
Bondholders. With respect to the Class A-2 Bonds, the certificate guaranty insurance policy number #AB0236BE, issued by the Bond Insurer to the Indenture Trustee for the benefit of the Class A-2 Bondholders.
Bondholders. As soon as practicable, and in no event later than sixty Business Days after the date on which all Customer accounts are being billed under such new system, the Servicer shall notify the Issuer, the Indenture Trustee and the Rating Agencies of the same.
Bondholders. The Trustee's name shall be placed on the title to such REO Property solely as the Trustee under the Indenture and not in its individual capacity. The Master Servicer shall ensure that the title to such REO Property references the Indenture and the Trustee's capacity thereunder. Pursuant to its efforts to sell such REO Property, the Master Servicer shall either itself or through an agent selected by the Master Servicer protect and conserve such REO Property in the same manner and to such extent as is customary in the locality where such REO Property is located and may, incident to its conservation and protection of the interests of the Bondholders, rent the same, or any part thereof, as the Master Servicer deems to be in the best interest of the Bondholders for the period prior to the sale of such REO Property. The net monthly rental income, if any, from such REO Property shall be deposited in the Bond Account no later than the close of business on each Determination Date. The Master Servicer shall perform the tax reporting and withholding required by Sections 1445 and 6050J of the Code with respect to foreclosures and abandonments, the tax reporting required by Section 6050H of the Code with respect to the receipt of mortgage interest from individuals and, if required by Section 6050P of the Code with respect to the cancellation of indebtedness by certain financial entities, by preparing such tax and information returns as may be required, in the form required, and delivering the same to the Trustee for filing. The decision of the Master Servicer to foreclose on a defaulted Pledged Mortgage shall be subject to a determination by the Master Servicer that the proceeds of such foreclosure would exceed the costs and expenses of bringing such a proceeding. The income earned from the management of any REO Properties, net of reimbursement to the Master Servicer for expenses incurred (including any property or other taxes) in connection with such management and net of unreimbursed Master Servicing Fees, Servicing Fees, Advances, Servicer Advances and Servicing Advances, shall be applied to the payment of principal of and interest on the related defaulted Pledged Mortgages (with interest accruing as though such Pledged Mortgages were still current and adjustments, if applicable, to the Mortgage Rate were being made in accordance with the terms of the Mortgage Note) and all such income shall be deemed, for all purposes in this Agreement, to be payments on account o...
Bondholders. Each of the Seller Parties and each Bondholder jointly and severally represent and warrant to Buyer, except as set forth in the Disclosure Schedules, as follows:
Bondholders. 14.1 The VPS Notes have the benefit of this Agreement and the provisions of this Agreement are binding on the Bondholders by their purchase, subscription or transfer of such VPS Notes.
14.2 The Bond Trustee has power and authority to act on behalf of the Bondholders and, as such, the Bondholders may not act directly towards the Issuer or institute legal proceedings against the Issuer.
Bondholders. To the fullest extent permitted by applicable law, the Issuer and the Trustee may deem and treat the person or persons in whose name or names any Bond is registered in the Register for the purpose of making payments and all other purposes as the absolute owner thereof (whether or not such Bond shall be overdue and notwithstanding any notice which any person may have of the right, title, interest or claim of any other person thereto).
Bondholders. If, at any time, any Trust Account ceases to be an Eligible Account, the Indenture Trustee, in the case of the Bond Distribution Account, or the Servicer, in the case of the Collection Account or the Escrow Account shall within 10 Business Days (or such longer period, not to exceed 30 calendar days, as to which each Rating Agency may consent) establish a new Trust Account, as applicable, as an Eligible Account and shall transfer any cash and/or any investments from the account that is no longer an Eligible Account to the new Trust Account.
(ii) The Servicer and the Special Servicer, as applicable, shall have the power, revocable by the Indenture Trustee or by the Issuer with the consent of the Indenture Trustee, to instruct the Indenture Trustee to make withdrawals and payments from the Bond Distribution Account for the purpose of permitting the Servicer or the Special Servicer to carry out its respective duties hereunder or permitting the Indenture Trustee to carry out its duties under the Indenture.
