Retirement of Securities. The Trustee shall direct the Collateral Agent to release to the Trustee Trust Monies and the Trustee shall hold and apply such Trust Monies from time to time to the payment of the principal on the applicable Notes, at Stated Maturity or to the purchase thereof pursuant to Sections 4.08 or 4.10, as the Company shall request, upon receipt by the Trustee of the following:
(i) resolution of a majority of the Company's Board of Directors directing the application pursuant to this Section 13.02 of a specified amount of Trust Monies and, in any case any such monies are to be applied to payment, designating Notes so to be paid and prescribing the method of purchase, the price or prices to be paid and the maximum principal amount of Notes to be purchased and any other provisions of this Indenture governing such purchase;
(ii) cash which equals or exceeds in the aggregate the maximum amount of the accrued interest (including Additional Amounts), if any, required to be paid in connection with any such purchase or payment at Stated Maturity, which cash shall be held by the Trustee in trust for such purpose;
(iii) an Officer's Certificate, dated not more than five days prior to the date of the relevant application, stating that all conditions precedent covenants herein provided for relating to such application of Trust Monies have been complied with;
(iv) an Opinion of Counsel stating that the documents and the cash or Temporary Cash Investments, if any, which have been or are therewith delivered to and deposited with the Collateral Agent for the purposes of payment of the principal and interest on the Notes, at Stated Maturity or to purchase thereof pursuant to Sections 4.08 or 4.10, conform to the requirements of this Indenture and that all conditions precedent herein provided for relating to such application of Trust Monies have been complied with. Upon compliance with the foregoing provisions this Section 13.02, the Trustee shall apply funds released from the Notes Collateral Account as directed and specified by such resolution up to, but not exceeding, the principal amount of the Notes so paid or purchased and shall apply any other funds received pursuant to Section 13.02 (ii) to pay accrued and unpaid interest. A resolution of a majority of the Company's Board of Directors expressed to be irrevocable directing the application of funds from the Notes Collateral Account under this Section 13.02 to the payment of the principal and any other funds received pursuant t...
Retirement of Securities. 126 SECTION 11.3. Withdrawals of Insurance Proceeds and Condemnation Awards............................ 128 SECTION 11.4. Withdrawal of Trust Moneys for Reinvestment....................................... 132 SECTION 11.5. Powers Exercisable Notwithstanding Event of Default................................... 134 SECTION 11.6. Powers Exercisable by Trustee or Receiver........................................... 134 SECTION 11.7. Disposition of Securities Retired.................... 134 SECTION 11.8. Investment of Trust Moneys........................... 135
Retirement of Securities. The Company shall cause the Trustee, upon retirement of the Securities pursuant to the Pooling and Servicing Agreement or otherwise, to furnish to Financial Security a notice of such retirement, and, upon retirement of the Securities and the expiration of the term of the Policy, to surrender the Policy to Financial Security for cancellation.
Retirement of Securities. 118 SECTION 12.03 Withdrawals of Trust Moneys................................................. 119 SECTION 12.04 Powers Exercisable Notwithstanding Event of Default......................... 122 SECTION 12.05 Powers Exercisable by Trustee or Receiver................................... 122 SECTION 12.06 Disposition of Securities Retired........................................... 123 SECTION 12.07 Investment and Use of Trust Moneys.......................................... 123 Article 13 Miscellaneous
Retirement of Securities. The Issuer shall, upon retirement of the Securities, furnish to the Insurer a notice of such retirement, and, upon retirement of the Securities and the expiration of the term of the Policies, cause the Indenture Trustee and the Swap Provider to surrender the Policies to the Insurer for cancellation.
Retirement of Securities. NAFCO or the Transferor shall cause the Trustee, upon retirement of the Securities pursuant to the Pooling and Servicing Agreement or otherwise, to furnish to Financial Security a notice of such retirement, and, upon retirement of the Securities and the expiration of the term of the Policy, to surrender the Policy to Financial Security for cancellation.
Retirement of Securities. The Depositor shall cause the Trustee, upon retirement of the Securities pursuant to the Pooling and Servicing Agreement or otherwise, to furnish to FSA a notice of such retirement, and, upon retirement of the Securities and the expiration of the term of Policy, to surrender the Policy to FSA for cancellation.
Retirement of Securities. 64 SECTION 12.03. POWERS EXERCISABLE NOTWITHSTANDING EVENT OF DEFAULT..........65 SECTION 12.04. POWERS EXERCISABLE BY COLLATERAL AGENT OR RECEIVER...........65 SECTION 12.05.
Retirement of Securities. The Servicer or the Company shall cause the Trustee, upon retirement of the Securities pursuant to the Indenture or otherwise, to furnish to Financial Security a notice of such retirement, and, upon retirement of the Securities and the expiration of the term of the Note Policy, to surrender the Note Policy to Financial Security for cancellation.
Retirement of Securities. The Trustee shall apply Trust Moneys from time to time to the payment of the principal of and interest on any Securities, on any Maturity Date or to the redemption thereof or the purchase thereof upon tender or in the open market or at private sale or upon any exchange or in any one or more of such ways, including, without limitation, pursuant to an offer to purchase under Section 4.15, or a Change of Control Offer under Section 4.17, as the Company or the relevant Guarantor shall request in writing, upon receipt by the Trustee of the following:
