Property Trustee. The Property Trustee hereby represents and warrants for the benefit of the Depositor and the Securityholders that:
Property Trustee. 31 Section 7.02. Delaware Trustee . . . . . . . . . . . . 32 ARTICLE VIII.
Property Trustee. 9 ranking junior to the Debt Securities ................................ 9 ranking on a parity with the Debt Securities ......................... 9
Property Trustee. Prior to the issuance of the Preferred Securities and Common Securities, the Sponsor shall appoint either the Delaware Trustee or another trustee (the "Property Trustee") meeting the requirements of an eligible trustee of the Trust Indenture Act of 1939, as amended, by the execution of an amendment to this Declaration executed by the Regular Trustees, the Sponsor, the Property Trustee and the Delaware Trustee.
Property Trustee. The term "
Property Trustee. The Agreement has been duly executed and delivered by the Property Trustee, and it constitutes a legal, valid and binding obligation of the Property Trustee, enforceable against it in accordance with its terms, subject to applicable bankruptcy, reorganization, moratorium, insolvency, and other similar laws affecting creditors' rights generally and to general principles of equity and the discretion of the court (regardless of whether the enforcement of such remedies is considered in a proceeding in equity or at law);
Property Trustee. 30 Section 7.02 Delaware Trustee .............................................. 31
Property Trustee. 36 Section 7.02. Delaware Trustee...............................................................................................37
Property Trustee. May File Proofs of Claim ----------------------------------------- In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other similar judicial proceeding relative to the Trust or any other obligor upon the Securities or the property of the Trust or of such other obligor or their creditors, the Property Trustee (irrespective of whether any Distributions on the Securities shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Property Trustee shall have made any demand on the Trust for the payment of any past due Distributions) shall be entitled and empowered, to the fullest extent permitted by law, by intervention in such proceeding or otherwise:
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