Notices from the Trustee. If a Default occurs and is continuing and is known to the Trustee, the Trustee must send notice of such Default to each Holder within 90 days after such Event of Default has occurred. Except in the case of a Default in the payment of the principal of, premium, if any, or interest on any Note or of a Default in the payment or delivery of the Settlement Amounts due upon conversion of any Note, the Trustee may withhold notice if and so long as a committee of trust officers of the Trustee in good faith determines that withholding notice is in the interests of the Holders.
Appears in 9 contracts
Samples: Indenture (Sunedison, Inc.), Agreement and Plan of Merger (Sunedison, Inc.), Agreement and Plan of Merger (Vivint Solar, Inc.)
Notices from the Trustee. If Whenever a Default occurs and is continuing and is known to the Trustee, the Trustee must send deliver notice of such Default to each Holder the Holders within 90 days after the date on which such Event of Default has first occurred. Except in the case of a Default in the payment of the principal of, premium, if anyinterest on, or interest on Fundamental Change Repurchase Price for, any Note Security or of a Default in the payment or delivery delivery, as the case may be, of the Settlement Amounts consideration due upon conversion of any Notea Security, the Trustee may withhold shall be protected in withholding such notice if and so long as the board of directors, the executive committee or a trust committee of trust officers directors and/or Responsible Officers of the Trustee in good faith determines determine that the withholding of such notice is in the interests of the Holders.
Appears in 4 contracts
Samples: Indenture (Arbor Realty Trust Inc), Indenture (Arbor Realty Trust Inc), Indenture (Arbor Realty Trust Inc)
Notices from the Trustee. If a Default occurs and is continuing and is known to the Trustee, the Trustee must send notice of such Default to each Holder within 90 days after such Event of Default has occurred. Except in the case of a Default in the payment of the principal of, premium, if any, or interest on any Note or of a Default in the payment or delivery of the Settlement Amounts due upon conversion of any Note, the Trustee may withhold notice if and so long as a committee of trust officers of the Trustee in good faith determines that withholding notice is in the interests of the Holders.
Appears in 4 contracts
Samples: Indenture (Teligent, Inc.), Indenture (Teligent, Inc.), Indenture (Teligent, Inc.)
Notices from the Trustee. If Notwithstanding anything to the contrary in the Base Indenture, including Section 7.05, whenever a Default occurs and is continuing and is known to the Trustee, the Trustee must send mail notice of such Default to each Holder the Holders within 90 days after the date on which such Event of Default has first occurred. Except in the case of a Default in the payment of the principal of, premium, if any, or interest an Installment Payment on any Note or of a Default in the payment or delivery of the Settlement Amounts due upon conversion of any Note, the Trustee may withhold notice if and so long as a committee of trust officers of the Trustee in good faith determines determine that withholding notice is in the interests of the Holders.
Appears in 1 contract
Notices from the Trustee. If a Default occurs and is continuing and is known to the Trustee, the Trustee must send notice of such Default to each Holder within 90 days after such Event of Default has occurred. Except in the case of a Default in the payment of the principal of, premium, if any, or interest on any Note or of a Default in the payment or delivery of the Settlement Amounts Common Stock (or other Reference Property) due upon conversion exchange of any NoteNote (including the Additional Shares and any cash in lieu of any fractional share), the Trustee may withhold notice if and so long as a committee of trust officers of the Trustee in good faith determines that withholding notice is in the interests of the Holders.
Appears in 1 contract
Samples: Indenture (Sunedison, Inc.)