Permitted Acts and Functions Sample Clauses
The "Permitted Acts and Functions" clause defines the specific actions and responsibilities that a party is authorized to perform under an agreement. It typically outlines the scope of activities, such as using certain information, accessing resources, or carrying out designated tasks, that are explicitly allowed without breaching the contract. By clearly delineating what is permitted, this clause helps prevent misunderstandings and disputes over the extent of each party's rights and obligations, ensuring that all parties operate within agreed boundaries.
Permitted Acts and Functions. The Trustee and any Paying Agent may buy, own, hold and sell (including acting as an underwriter in respect of) any bonds, coupons or notes of the Authority, whether heretofore or hereafter issued or created; and may engage or be interested in any financial or other transaction with the Authority, with like effect and with the same rights it would have if it were not such Fiduciary. Any Fiduciary may act as depository for, and permit any of its officers or directors to act as a member of, or in any other capacity with respect to, any committee formed to protect the rights of Bondowners or to effect or aid in any reorganization growing out of the enforcement of the Bonds or this Indenture, whether or not any such committee shall represent the Owners of a majority in Principal Amount of the Bonds then Outstanding.
Permitted Acts and Functions. The Trustee, the Registrar and any Paying Agent may buy, own, hold and sell any bonds of the Issuer, whether heretofore or hereafter issued or created and may engage or be interested in any financial or other transaction with the Issuer, with like effect and with the same rights it would have if it were not such Fiduciary. Any Fiduciary may act as depositary for and permit any of its officers or directors to act as a member of, or in any other capacity with respect to any committee formed to protect the rights of Bondowners or to effect or aid in any reorganization growing out of the enforcement of the Bonds or this Loan and Trust Agreement, whether or not any such committee shall represent the Owners of a majority in Principal Amount of the Bonds then Outstanding.
Permitted Acts and Functions. The Trustee may become the Owner of any Bonds, with the same rights it would have if it were not the Trustee. To the extent permitted by law, the Trustee may act as depositary for, and permit any of its officers or directors to act as a member of, or in any other capacity with respect to, any committee formed to protect the rights of the Owners of Bonds or to effect or aid in any reorganization growing out of the enforcement of the Bonds or this Indenture, whether or not any such committee shall represent the Owners of a majority in aggregate principal amount of the Bonds then Outstanding.
Permitted Acts and Functions. The Trustee, any Depository, the Registrar and any Paying Agent may buy, own, hold and sell (including acting as an underwriter in respect of) any bonds, coupons or notes of the Issuer, whether heretofore or hereafter issued or created and may engage or be interested in any financial or other transaction with the Issuer, with like effect and with the same rights it would have if it were not such Fiduciary. Any Fiduciary may act as Depository for and permit any of its officers or directors to act as a member of, or in any other capacity with respect to any committee formed to protect the rights of Bondholders or to effect or aid in any reorganization growing out of the enforcement of the Bonds or this Indenture, whether or not any such committee shall represent the Holders of a majority in Principal Amount of the Bonds then Outstanding.
Permitted Acts and Functions. The Trustee may become the owner of any Bonds, with the same rights it would have if it were not the Trustee. The Trustee may act as depositary for, and permit any of its officers or directors to act as a member of, or in any other capacity with respect to, any committee formed to protect the rights of Bondholders or to effect or aid in any reorganization growing out of the enforcement of the Bonds or this Indenture, whether or not any such committee shall represent the owners of a majority in principal amount of the Bonds then Outstanding. The Trustee may be an underwriter in connection with the sale of the Bonds or of any other securities offered or issued by the Agency or any political subdivision thereof.
Permitted Acts and Functions. The Trustee may buy, own, hold and sell (including acting as an underwriter in respect of) any Bonds, coupons or Notes of the Agency, whether heretofore or hereafter issued or created; and may engage or be interested in any financial or other transaction with the Agency, with like effect and with the same rights it would have if it were not the Trustee. The Trustee may act as Depositary for, and permit any of its officers or directors to act as a member of, or in any other capacity with respect to, any committee formed to protect the rights of Bondholders or to effect or aid in any reorganization growing out of the enforcement of the Bonds or this Indenture, whether or not any such committee shall represent the holders of a majority in principal amount of the Bonds then Outstanding.
Permitted Acts and Functions. Any Indenture Agent may become the Registered Owner of any Notes, with the same rights it would have if it were not an Indenture Agent. Any Indenture Agent may permit any of its officers or directors to act as a member of, or in any other capacity with respect to, any committee formed to protect the rights of Registered Owners or to effect or aid in any reorganization growing out of the enforcement of the Notes or this Indenture, whether or not any such committee shall represent the Registered Owners of a majority in principal amount of the Notes then Outstanding. Any Indenture Agent may be a participant in the Student Loan Program and may sell Student Loans to the Corporation. Any Indenture Agent may be an underwriter in connection with the sale of the Notes or of any other securities offered or issued by the Corporation.
Permitted Acts and Functions. Any Fiduciary may become the owner of any Notes with the same rights it would have if it were not a Fiduciary Any Fiduciary may act as Depositary for and permit any of its officers or directors to act as a member of, or in any other capacity with respect to, any committee formed to protect the rights of Note Owners or to affect or aid in any reorganization growing out of the enforcement of the Notes or this Trust Agreement whether or not any such committee shall represent the owners of a majority in principal amount of the Notes then Outstanding Any Fiduciary may sell Eligible Loans to the Issuer Any Fiduciary may be an underwriter in connection with the sale of the Notes or of any other securities offered or issued by the Issuer.
Permitted Acts and Functions. Any Fiduciary may become the owner of any Bonds, with the same rights it would have if it were not a Fiduciary. Any Fiduciary may act as Depository for, and permit any of its officers or directors to act as a member of, or in any other capacity with respect to, any committee formed to protect the rights of Bondholders or to effect or aid in any reorganization growing out of the enforcement of the Bonds or this Indenture, whether or not any such committee shall represent the Owners of a majority in principal amount