Common use of Reports to and from the Property Trustee Clause in Contracts

Reports to and from the Property Trustee. (a) The Depositor and the Administrative Trustees shall deliver to the Property Trustee, not later than forty five (45) days after the end of each of the first three fiscal quarters of the Depositor and not later than ninety (90) days after the end of each fiscal year of the Trust ending after the date of this Trust Agreement, an Officers' Certificate covering the preceding fiscal year, stating whether or not to the knowledge of the signers thereof the Depositor and the Trust are in default in the performance or observance of any of the terms, provisions and conditions of this Trust Agreement (without regard to any period of grace or requirement of notice provided hereunder) and, if the Depositor or the Trust shall be in default, specifying all such defaults and the nature and status thereof of which they have knowledge. (b) The Property Trustee shall obtain all reports, certificate and information, which it is entitled to obtain under each of the Operative Documents, and deliver to the Holders all such reports, certificate or information promptly upon receipt thereof.

Appears in 4 contracts

Samples: Trust Agreement (Southcoast Financial Corp), Trust Agreement (Bank of Kentucky Financial Corp), Trust Agreement (Bankatlantic Bancorp Inc)

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Reports to and from the Property Trustee. (a) The Depositor and the Administrative Trustees shall deliver to the Property Trustee, not later than forty five (45) days after the end of each of the first three fiscal quarters of the Depositor and not later than ninety (90) days after the end of each fiscal year of the Trust ending after the date of this Trust Agreement, an Officers' Certificate covering the preceding fiscal yearperiod, stating whether or not to the knowledge of the signers thereof the Depositor and the Trust are in default in the performance or observance of any of the terms, provisions and conditions of this Trust Agreement (without regard to any period of grace or requirement of notice provided hereunder) and, if the Depositor or the Trust shall be in default, specifying all such defaults and the nature and status thereof of which they have knowledge. (b) The Property Trustee shall obtain all reports, certificate and information, which it is entitled to obtain under each of the Operative Documents, and deliver to the Holders all such reports, certificate or information promptly upon receipt thereof.

Appears in 3 contracts

Samples: Trust Agreement (United Community Bancorp), Trust Agreement (Hawthorne Financial Corp), Trust Agreement (United Community Bancorp)

Reports to and from the Property Trustee. (a) The Depositor and the Administrative Trustees shall deliver to the Property Trustee, not later than forty five (45) days after the end of each of the first three fiscal quarters of the Depositor Company and not later than ninety (90) days after the end of each fiscal year of the Trust ending after the date of this Trust Agreement, an Officers' Certificate covering the preceding fiscal yearperiod, stating whether or not to the knowledge of the signers thereof the Depositor and the Trust are in default in the performance or observance of any of the terms, provisions and conditions of this Trust Agreement (without regard to any period of grace or requirement of notice provided hereunder) and, if the Depositor or the Trust shall be in default, specifying all such defaults and the nature and status thereof of which they have knowledge. (b) The Property Trustee shall obtain all reports, certificate and information, which it is entitled to obtain under each of the Operative Documents, and deliver to the Holders all such reports, certificate or information promptly upon receipt thereof.

Appears in 1 contract

Samples: Trust Agreement (Local Financial Corp /Nv)

Reports to and from the Property Trustee. (a) The Depositor and the Administrative Trustees shall deliver to the Property Trustee, not later than forty five (45) days after the end of each of the first three fiscal quarters of the Depositor and not later than ninety (90) days after the end of each fiscal year of the Trust Depositor ending after the date of this Trust Agreement, an Officers' Certificate covering the preceding fiscal yearperiod, stating whether or not to the knowledge of the signers thereof the Depositor and the Trust are in default in the performance or observance of any of the terms, provisions and conditions of this Trust Agreement (without regard to any period of grace or requirement of notice provided hereunder) and, if the Depositor or the Trust shall be in default, specifying all such defaults and the nature and status thereof of which they have knowledge. (b) The Property Trustee shall obtain be provided with all reports, certificate certificates and information, which it is entitled to obtain receive under each of the Operative Documents, and deliver to (i) the Holders Underwriter, (ii) the Guarantor and (iii) a designee of (i) or (ii) above, all such reports, certificate certificates or information promptly upon receipt thereof.

Appears in 1 contract

Samples: Trust Agreement (National City Corp)

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Reports to and from the Property Trustee. (a) The Depositor and the Administrative Trustees shall deliver to the Property Trustee, not later than forty five (45) days after the end of each of the first three fiscal quarters of the Depositor Company and not later than ninety (90) days after the end of each fiscal year of the Trust ending after the date of this Trust Agreement, an Officers' Certificate covering the preceding fiscal year, stating whether or not to the knowledge of the signers thereof the Depositor and the Trust are in default in the performance or observance of any of the terms, provisions and conditions of this Trust Agreement (without regard to any period of grace or requirement of notice provided hereunder) and, if the Depositor or the Trust shall be in default, specifying all such defaults and the nature and status thereof of which they have knowledge. (b) The Property Trustee shall obtain all reports, certificate and information, which it is entitled to obtain under each of the Operative Documents, and deliver to the Holders all such reports, certificate or information promptly upon receipt thereof.

Appears in 1 contract

Samples: Trust Agreement (Matrix Bancorp Inc)

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