Common use of Indenture Trustee's Liens Clause in Contracts

Indenture Trustee's Liens. Neither the Lease Indenture Company, nor the Indenture Trustee will directly or indirectly create, incur, assume or suffer to exist any Indenture Trustee's Lien attributable to it and arising out of events or conditions not related to its rights in the Indenture Estate or the administration thereof, and will promptly notify the Owner Participant, the Lessor Manager, the Owner Lessor and the Facility Lessee of the imposition of any such Lien of which it has Actual Knowledge and shall promptly (and in any event within 30 days of obtaining Actual Knowledge of such Lien), at its own expense, take such action as may be necessary to duly discharge such Indenture Trustee's Lien.

Appears in 2 contracts

Samples: Participation Agreement (Calpine Corp), Participation Agreement (Calpine Corp)

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Indenture Trustee's Liens. Neither the Lease Indenture Company, Company nor the Indenture Trustee will directly or indirectly create, incur, assume or suffer to exist any Indenture Trustee's ’s Lien attributable to it and arising out of events or conditions not related to its rights in the Indenture Estate or the administration thereof, and will promptly notify the Owner Participant, the Lessor ManagerOwner Trustee, the Owner Lessor and the Facility Lessee of the imposition of any such Lien of which it has Actual Knowledge and shall promptly (and in any event within 30 days of obtaining Actual Knowledge of such Lien), at its own expense, take such action as may be necessary to duly discharge such Indenture Trustee's ’s Lien.

Appears in 2 contracts

Samples: Participation Agreement, Participation Agreement (Firstenergy Corp)

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