NOTICES BY TRUSTEE. (a) The Trustee and the Trustor are entitled to, and shall endeavor to, receive from the Securities Intermediary each Business Day pursuant to the Account Control Agreement, information on the Collateral Account, including, without limitation, the aggregate value of Collateral held by it for all of the Lenders of the Trustor as of the end of the immediately preceding Business Day Collateral Data File . If on any Business Day, the Securities Intermediary fails to report the aggregate amount of Collateral held in accordance with this Section 2.2(a), the aggregate amount of Collateral for such Business Day shall be the aggregate amount of Collateral in effect as of the immediately preceding Business Day until the Securities Intermediary, without any further action by the Trustee, makes available to the Trustee pursuant to the Account Control Agreement information as to the new aggregate amount of Collateral. The Trustee shall have no responsibility to determine whether the aggregate amount of Collateral held at the Securities Intermediary is sufficient to satisfy the Obligation Amount due to each Lender, and shall be entitled to conclusively rely on the information provided by both the Securities Intermediary and the Trustor without further inquiry.
NOTICES BY TRUSTEE. Except with respect to Bonds converted to a new Rate Period in connection with a remarketing of Bonds purchased by the Company in lieu of redemption pursuant to Section 9.5 hereof, the Trustee shall give notice by first class mail, of the proposed conversion to the Registered Owners of Bonds accruing interest at Commercial Paper, Daily or Weekly Rates not less than 15 days before the proposed Conversion Date and to Registered Owners of Bonds accruing interest at a Multiannual Rate not less than 30 days before the proposed Conversion Date, with a copy to the Bank. Such notice shall state:
NOTICES BY TRUSTEE. The Trustee shall give notice by first class mail of the proposed conversion to the Owners of Bonds of the Subseries subject to the proposed conversion accruing interest at Flexible, Daily or Weekly Rates not less than fifteen (15) days before the proposed Conversion Date and to the Owners of Bonds of the Subseries subject to the proposed conversion accruing interest at a Term Rate not less than thirty (30) days before the proposed Conversion Date. Such notice shall state:
NOTICES BY TRUSTEE. The Trustee shall give the same notices to the Issuer that it is required to give to the Borrower, and to the Borrower that it is required to give to the Issuer, pursuant to the terms of this Indenture and, additionally, shall give written or Electronic notice to the Issuer, the Borrower and the Remarketing Agent of any prior redemption pursuant to Section 4.01 hereof.
