Conversion of Investment to Cash. As and when any amounts so invested may be needed for disbursements from the Costs of Issuance Fund or the Bond Fund, the Trustee shall cause a sufficient amount of such investments to be sold or otherwise converted into cash to the credit of such fund. As long as no Event of Default shall have occurred and be continuing, the Company shall have the right to designate the investments to be sold and to otherwise direct the Trustee in the sale or conversion to cash of such investments; provided that the Trustee shall be entitled to conclusively assume the absence of any Event of Default unless it has notice thereof within the meaning of Section 10.05 hereof.
Appears in 3 contracts
Samples: Trust Indenture (Enron Corp/Or/), First Supplemental Trust Indenture (Enron Corp/Or/), First Supplemental Trust Indenture (Enron Corp/Or/)
Conversion of Investment to Cash. As and when any amounts so invested may be needed for disbursements from the Costs of Issuance Bond Fund, the Project Fund or the Bond Rebate Fund, the Trustee shall cause a sufficient amount of such investments to be sold or otherwise converted into cash to the credit of such fund. As long as no Event of Default shall have occurred and be continuing, the Company shall have the right to designate the investments to be sold and to otherwise direct the Trustee in the sale or conversion to cash of such investments; provided that the Trustee shall be entitled to conclusively assume the absence of any Event of Default unless it has notice thereof within the meaning of Section 10.05 9.05 hereof.
Appears in 2 contracts
Samples: Loan Agreement (Navistar International Corp), Loan Agreement (Navistar International Corp)
Conversion of Investment to Cash. As and when any amounts so invested may be needed for disbursements from the Costs of Issuance Construction Fund, the Bond Fund, the Debt Service Reserve Fund or the Bond Rebate Fund, the Trustee shall cause a sufficient amount of such investments to be sold or otherwise converted into cash to the credit of such fund. As long as no Event of Default shall have occurred and be continuing, the Company shall have the right to designate the investments to be sold and to otherwise direct the Trustee in the sale or conversion to cash of such investments; provided that the Trustee shall be entitled to conclusively assume the absence of any Event of Default unless it has notice thereof within the meaning of Section 10.05 9.05 hereof.
Appears in 1 contract
Samples: Indenture of Trust (Green Plains Renewable Energy, Inc.)
