Common use of Certificateholders and Trustee May Purchase Secured Notes Clause in Contracts

Certificateholders and Trustee May Purchase Secured Notes. Any --------------------------------------------------------- Certificateholder, the Trustee in its individual or any other capacity or any other Person may bid for and purchase any of such Secured Notes, and upon compliance with the terms of sale, may hold, retain, possess and dispose of such Secured Notes in its own absolute right without further accountability.

Appears in 2 contracts

Samples: Pass Through Trust Agreement (Mobil Marine Finance Co I Inc), Pass Through Trust Agreement (Mobil Marine Finance Co I Inc)

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Certificateholders and Trustee May Purchase Secured Notes. Any --------------------------------------------------------- Certificateholder, the Trustee in its individual or any other capacity or any other Person may bid for and purchase any of such Secured Notes, and upon compliance with the terms of sale, may hold, retain, possess and dispose of such Secured Notes in its own absolute right without further accountability.

Appears in 1 contract

Samples: Pass Through Trust Agreement (Fort James Corp)

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Certificateholders and Trustee May Purchase Secured Notes. Any --------------------------------------------------------- Certificateholder, the Trustee in its individual or any other capacity or any other Person may bid for and purchase any of such Secured Notes, and upon compliance with the terms of sale, may hold, retain, possess and dispose of such Secured Notes in their or its or his own absolute right without further accountability.

Appears in 1 contract

Samples: Pass Through Trust Agreement (Eex Corp)

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