CONCERNING THE TRUSTEE 27 Sample Clauses

CONCERNING THE TRUSTEE 27. Section 7.01. Certain Duties and Responsibilities of Trustee. 27 Section 7.02. Certain Rights of Trustee. 29 Section 7.03. Trustee Not Responsible for Recitals or Issuance or Securities. 31 Section 7.04. May Hold Securities. 31 Section 7.05. Moneys Held in Trust. 31 Section 7.06. Compensation and Reimbursement. 31 Section 7.07. Reliance on Officer’s Certificate. 32 Section 7.08. Disqualification; Conflicting Interests. 32 Section 7.09. Corporate Trustee Required; Eligibility. 33 Section 7.10. Resignation and Removal; Appointment of Successor. 33 Section 7.11. Acceptance of Appointment By Successor. 34 Section 7.12. Merger, Conversion, Consolidation or Succession to Business. 35 Section 7.13. Preferential Collection of Claims Against the Company. 36 Section 7.14. Notice of Default. 36 ARTICLE VIII CONCERNING THE SECURITYHOLDERS 36 Section 8.01. Evidence of Action by Securityholders. 36 Section 8.02. Proof of Execution by Securityholders. 37 Section 8.03. Who May be Deemed Owners. 37 Section 8.04. Certain Securities Owned by Company Disregarded. 37 Section 8.05. Actions Binding on Future Securityholders. 38
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CONCERNING THE TRUSTEE 27. Section 6.01. Duties and Responsibilities of the Trustee; During Default; Prior to Default 27 Section 6.02. Certain Rights of the Trustee 28 Section 6.03. Trustee Not Responsible for Recitals, Disposition of Securities or Application of Proceeds Thereof 29 Section 6.04. Trustee and Agents May Hold Securities; Collections, etc. 29 Section 6.05. Moneys Held by Trustee 29 Section 6.06. Compensation and Indemnification of Trustee and Its Prior Claim 29 Section 6.07. Right of Trustee to Rely on Officers’ Certificate, etc. 30 Section 6.08. Disqualification of Trustee; Conflicting Interests 30 Section 6.09. Persons Eligible for Appointment as Trustee 30 Section 6.10. Resignation and Removal; Appointment of Successor Trustee 30 Section 6.11. Acceptance of Appointment by Successor Trustee 31 Section 6.12. Merger, Conversion, Consolidation or Succession to Business of Trustee 32 Section 6.13. Preferential Collection of Claims Against the Company 32 ARTICLE 7 CONCERNING THE SECURITYHOLDERS 33 Section 7.01. Evidence of Action Taken by Securityholders 33 Section 7.02. Proof of Execution of Instruments 33 Section 7.03. Holders to Be Treated as Owners 33 Section 7.04. Securities Owned by Company Deemed Not Outstanding 33 Section 7.05. Right of Revocation of Action Taken 34 Section 7.06. Record Date for Determination of Holders Entitled to Vote 34 ARTICLE 8 SUPPLEMENTAL INDENTURES 34 Section 8.01. Supplemental Indentures Without Consent of Securityholders 34 Section 8.02. Supplemental Indentures With Consent of Securityholders 35 Section 8.03. Effect of Supplemental Indenture 36 Section 8.04. Documents to Be Given to Trustee 36 Section 8.05. Notation on Securities in Respect of Supplemental Indentures 36 ARTICLE 9 CONSOLIDATION, MERGER, SALE OR CONVEYANCE 37 Section 9.01. Company May Consolidate, etc., on Certain Terms 37 Section 9.02. Successor Corporation Substituted 37 Section 9.03. Opinion of Counsel to Trustee 38
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CONCERNING THE TRUSTEE 27. Section 7.01 Certain Duties and Responsibilities of Trustee 27 Section 7.02 Certain Rights of Trustee 28 Section 7.03 Trustee Not Responsible for Recitals or Issuance or Securities 30 Section 7.04 May Hold Securities 30 Section 7.05 Moneys Held in Trust 30 Section 7.06 Compensation and Reimbursement 31 Section 7.07 Reliance on Officer’s Certificate 31 Section 7.08 Disqualification; Conflicting Interests 32 Section 7.09 Corporate Trustee Required; Eligibility 32 Section 7.10 Resignation and Removal; Appointment of Successor 32 Section 7.11 Acceptance of Appointment By Successor 33 Section 7.12 Merger, Conversion, Consolidation or Succession to Business 35
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Related to CONCERNING THE TRUSTEE 27

  • CONCERNING THE TRUSTEE Section 8.01 Duties of the Trustee........................................ Section 8.02 Certain Matters Affecting the Trustee........................ Section 8.03 Trustee Not Liable for Certificates or Mortgage Loans........ Section 8.04 Trustee May Own Certificates................................. Section 8.05 Trustee's Fees and Expenses.................................. Section 8.06 Eligibility Requirements for the Trustee..................... Section 8.07 Resignation and Removal of the Trustee....................... Section 8.08

  • Concerning the Trustees The Series Trustee assumes no additional duties, responsibilities or liabilities by reason of this First Supplemental Indenture other than as set forth in the Original Indenture and, in carrying out its responsibilities hereunder and thereunder, the Series Trustee shall have all of the rights, powers, privileges, protections, duties, immunities and obligations which it possesses under the Original Indenture. The Original Trustee and the Series Trustee shall not constitute co-trustees of the same trust, and each of the Original Trustee and the Series Trustee shall be trustee of a trust or trusts under the Indenture separate and apart from any trust or trusts under the Indenture administered by the other trustee. Nothing in this First Supplemental Indenture shall be construed to create or impose any liability on the Original Trustee for any acts or omissions of the Series Trustee. The Series Trustee shall have no liability for any acts or omissions of the Original Trustee. References in this First Supplemental Indenture to sections of the Original Indenture that require or permit actions by the Original Trustee with respect to Securities of the series with respect to which the Series Trustee shall be the Trustee shall be deemed to require or permit actions only by the Series Trustee and the Original Trustee shall have no responsibility therefor.

  • CONCERNING THE TRUST ADMINISTRATOR SECTION 10.01

  • Concerning the Owner Trustee 17 Section 7.01 Acceptance of Trusts and Duties............................................................17 Section 7.02 Furnishing of Documents....................................................................19 Section 7.03

  • Concerning the Trustee Events of Default Section 6.01

  • Concerning the Noteholders 60 Section 9.1 Action by Noteholders........................................................... 60 Section 9.2 Proof of Execution by Noteholders............................................... 60 Section 9.3 Who Are Deemed Absolute Owners.................................................. 61 Section 9.4 Company-Owned Notes Disregarded................................................. 61 Section 9.5 Revocation of Consents; Future Holders Bound.................................... 61 ARTICLE X NOTEHOLDERS' MEETINGS............................................................................ 62

  • Certain Matters Affecting the Trustee and the Trust Administrator (a) Except as otherwise provided in Section 8.01:

  • CONCERNING THE TRUSTEE AND THE SECURITIES ADMINISTRATOR Section 8.1

  • CONCERNING THE SECURITIES ADMINISTRATOR Section 10.01

  • Concerning the Custodian Section 3.1 Custodian a Bailee and Agent of the Trustee. With respect to each Mortgage Note, Mortgage and other documents constituting each Mortgage File which are delivered to the Custodian, the Custodian is exclusively the bailee and agent of the Trustee and has no instructions to hold any Mortgage Note or Mortgage for the benefit of any person other than the Trustee and the Certificateholders and undertakes to perform such duties and only such duties as are specifically set forth in this Agreement. Except upon compliance with the provisions of Section 2.5 of this Agreement, no Mortgage Note, Mortgage or other document constituting a part of a Mortgage File shall be delivered by the Custodian to the Company or the Master Servicer or otherwise released from the possession of the Custodian. The Master Servicer shall promptly notify the Custodian in writing if it shall no longer be a member of MERS, or if it otherwise shall no longer be capable of registering and recording Mortgage Loans using MERS. In addition, the Master Servicer shall (i) promptly notify the Custodian in writing when a MERS Mortgage Loan is no longer registered with and recorded under MERS and (ii) concurrently with any such deregistration of a MERS Mortgage Loan, prepare, execute and record an original assignment from MERS to the Trustee and deliver such assignment to the Custodian.

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