Common use of Exchange Offers Clause in Contracts

Exchange Offers. The Collateral Manager may, on behalf of the Issuer, instruct the Trustee pursuant to an Issuer Order to, and the Trustee shall, take any of the following actions with respect to a Collateral Debt Security or Equity Security as to which an exchange offer has been made: (i) exchange such instrument for other securities or a mixture of securities and other consideration pursuant to such exchange offer (and in making a determination whether or not to exchange any security, none of the restrictions set forth in Section 12 shall be applicable); and (ii) give consent, grant waiver, vote or exercise any or all other rights or remedies with respect to any such Collateral Debt Security or Equity Security.

Appears in 4 contracts

Samples: Indenture (Taberna Realty Finance Trust), Indenture (Taberna Realty Finance Trust), Indenture (Taberna Realty Finance Trust)

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