Common use of SECURITIES OF THE OBLIGOR OWNED OR HELD BY THE TRUSTEE Clause in Contracts

SECURITIES OF THE OBLIGOR OWNED OR HELD BY THE TRUSTEE. The trustee does not own beneficially or hold as collateral security for obligations in default any securities of any class of the obligor in excess of one (1) percent of the outstanding securities of such class.

Appears in 4 contracts

Samples: Statement of Eligibility and Qualification (Integon Capital I), Statement of Eligibility and Qualification (Integon Capital I), Trust Indenture (Oci N Corp)

AutoNDA by SimpleDocs

SECURITIES OF THE OBLIGOR OWNED OR HELD BY THE TRUSTEE. The trustee does not own amount of securities of the obligor which the Trustee owns beneficially or hold holds as collateral security for obligations obligation in default any securities of any class of the obligor in excess of does not exceed one (1) percent of the outstanding securities of such classthe obligor.

Appears in 1 contract

Samples: Trust Indenture (Metrocall Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!