Florida Co-Indenture Trustee Sample Clauses

Florida Co-Indenture Trustee. (a) Notwithstanding anything herein to the contrary, the Indenture Trustee agrees not to exercise any power or take any action that is required under the laws of the State of Florida to be exercised or taken only by a bank or trust company having trust powers and located in the State of Florida (hereinafter referred to as "Florida Trustee Action"). In the event that the Indenture Trustee receives an Opinion of Counsel or otherwise receives notice that Florida Trustee Action is necessary or required under this Indenture or the Construction Related Agreements, it shall immediately notify the Florida Co-Indenture Trustee 104 which, after receipt of such notice and assurances of compensation as provided for the Indenture Trustee in ss11.4 and satisfactory to the Florida Co-Indenture Trustee, shall at the written direction of the Indenture Trustee take such Florida Trustee Action. In the event that the Florida Co-Indenture Trustee is required to undertake Florida Trustee Action hereunder, each and every indemnity, remedy, power, right, claim, demand, cause of action, immunity, estate, title, interest and lien expressed or intended by this Indenture or the Construction Related Agreements to be exercised by or vested in or conveyed to the Indenture Trustee with respect thereto shall be ipso facto exercisable by and vest in and be conveyed to the Florida Co-Indenture Trustee, but only to the extent necessary to enable the Florida Co-Indenture Trustee, to exercise such powers, rights and remedies, and every covenant and obligation necessary to undertake or take such Florida Trustee Action. Except as is specifically required under the laws of the State of Florida, any duty or required action under this Indenture shall be the responsibility of, and shall be undertaken by the Indenture Trustee. The Indenture Trustee shall execute such assignments or other documents as may be necessary for the Co-Indenture Trustee to perform its duties, exercise its powers and take any actions under this Indenture.
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Related to Florida Co-Indenture Trustee

  • Appointment of Co-Indenture Trustee or Separate Indenture Trustee (a) Notwithstanding any other provisions of this Indenture, at any time, for the purpose of meeting any legal requirement of any jurisdiction in which any part of the Trust Estate may at the time be located, the Indenture Trustee shall have the power and may execute and deliver all instruments to appoint one or more Persons to act as a co-trustee or co-trustees, or separate trustee or separate trustees, of all or any part of the Trust, and to vest in such Person or Persons, in such capacity and for the benefit of the Noteholders, such title to the Trust Estate, or any part hereof, and, subject to the other provisions of this Section, such powers, duties, obligations, rights and trusts as the Indenture Trustee may consider necessary or desirable. No co-trustee or separate trustee hereunder shall be required to meet the terms of eligibility as a successor trustee under Section 6.11 and no notice to Noteholders of the appointment of any co-trustee or separate trustee shall be required under Section 6.08 hereof.

  • Directions to Indenture Trustee The Indenture Trustee is hereby directed:

  • The Indenture Trustee Section 6.01.

  • Replacement of Indenture Trustee No resignation or removal of the Indenture Trustee and no appointment of a successor Indenture Trustee shall become effective until the acceptance of appointment by the successor Indenture Trustee pursuant to this Section 6.08. The Indenture Trustee may resign at any time by so notifying the Issuer. The Holders of a majority in Outstanding Amount of the Notes may remove the Indenture Trustee by so notifying the Indenture Trustee and may appoint a successor Indenture Trustee. The Issuer shall remove the Indenture Trustee if:

  • Indenture Trustee In performing its obligations under this Agreement, the Indenture Trustee is subject to, and entitled to the benefits of, the Indenture. The Indenture Trustee will not have any liability for any act or failure to act of the Administrator.

  • Indenture Trustee Not Obligated Notwithstanding anything to the contrary herein, the Indenture Trustee is not obligated to enter into an amendment that adversely affects the Indenture Trustee’s rights, powers, duties, obligations, liabilities, indemnities or immunities under this Indenture.

  • Indenture Trustee Consent The consent of the Indenture Trustee will be required for any amendment pursuant to Sections 6.1(b) or (c) that has a material adverse effect on the rights, obligations, immunities or indemnities of the Indenture Trustee.

  • Assignment to Indenture Trustee The Seller hereby acknowledges and consents to any mortgage, pledge, assignment and grant of a security interest by the Issuing Entity to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders of all right, title and interest of the Issuing Entity in, to and under the Receivables and/or the assignment of any or all of the Issuing Entity’s rights and obligations hereunder to the Indenture Trustee.

  • Reports by Indenture Trustee If required by TIA Section 313(a), within sixty (60) days after each December 31, beginning with December 31, 2018, the Indenture Trustee shall mail to each Noteholder as required by TIA Section 313(c) a brief report dated as of such date that complies with TIA Section 313(a). The Indenture Trustee also shall comply with TIA Section 313(b). A copy of each report at the time of its mailing to Noteholders shall be filed by the Indenture Trustee with the Commission and each stock exchange, if any, on which the Notes are listed. The Issuer shall notify the Indenture Trustee if and when the Notes are listed on any stock exchange.

  • Successor Indenture Trustee Any successor Indenture Trustee appointed as provided in Section 7.08 hereof shall execute, acknowledge and deliver to each of the Servicer, the Issuer, the Noteholders and to its predecessor Indenture Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor Indenture Trustee shall become effective and such successor Indenture Trustee, without any further act, deed or conveyance, shall become fully vested with all the rights, powers, duties and obligations of its predecessor hereunder with like effect as if originally named a Indenture Trustee. The predecessor Indenture Trustee shall deliver or cause to be delivered to the successor Indenture Trustee or its custodian any Transaction Documents and statements held by it or its custodian hereunder; and the Servicer and the Issuer and the predecessor Indenture Trustee shall execute and deliver such instruments and do such other things as may reasonably be required for the full and certain vesting and confirmation in the successor Indenture Trustee of all such rights, powers, duties and obligations.

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