Common use of SURRENDERING OF NOTES Clause in Contracts

SURRENDERING OF NOTES. Each Noteholder shall surrender its Note within 14 days after receipt of the final payment received in connection therewith, whether by optional redemption of the Issuer or otherwise. Each Noteholder, by its acceptance of the final payment with respect to its Note, will be deemed to have relinquished any further right to receive payments under this Agreement and any interest in the Trust Estate. Each Noteholder shall indemnify and hold harmless the Issuer, the Trustee and any other Person against whom a claim is asserted in connection with such Noteholder's failure to tender the Note to the Trustee for cancellation.

Appears in 5 contracts

Samples: Indenture and Servicing Agreement (MCM Capital Group Inc), Indenture and Servicing Agreement (MCM Capital Group Inc), Indenture and Servicing Agreement (MCM Capital Group Inc)

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SURRENDERING OF NOTES. Each Noteholder shall surrender its Note within 14 fourteen (14) days after receipt of the final payment received due in connection therewith, whether by optional redemption of the Issuer or otherwise. Each Noteholder, by its acceptance of the final payment with respect to its Note, will be deemed to have relinquished any further right to receive payments under this Agreement and any interest in the Trust Estate. Each Noteholder shall indemnify and hold harmless the Issuer, the Trustee Trustee, the Note Insurer and any other Person against whom a claim is asserted in connection with such Noteholder's failure to tender the Note to the Trustee Trustees for cancellation.

Appears in 2 contracts

Samples: Indenture and Servicing Agreement (MCM Capital Group Inc), Indenture and Servicing Agreement (MCM Capital Group Inc)

SURRENDERING OF NOTES. Each Noteholder shall surrender its Note within 14 days after receipt of the final payment received due in connection therewith, whether by optional redemption of the Issuer or otherwise. Each Noteholder, by its acceptance of the final payment with respect to its Note, will be deemed to have relinquished any further right to receive payments under this Agreement and any interest in the Trust Estate. Each Noteholder shall indemnify and hold harmless the Issuer, the Trustee Trustee, the Note Insurer and any other Person against whom a claim is asserted in connection with such Noteholder's failure to tender the Note to the Trustee Trustees for cancellation.

Appears in 2 contracts

Samples: Indenture and Servicing Agreement (Creditrust Corp), Indenture and Servicing Agreement (Creditrust Corp)

SURRENDERING OF NOTES. Each Noteholder shall surrender its Note within 14 days after to receipt of the final payment received due in connection therewith, whether by optional redemption of the Issuer or otherwise. Each Noteholder, by its acceptance of the final payment with respect to its Note, will be deemed to have relinquished any further right to receive payments under this Agreement and any interest in the Trust Estate. Each Noteholder shall indemnify and hold harmless the Issuer, the Trustee and any other Person against whom a claim is asserted in connection with such Noteholder's failure to tender the Note to the Trustee Trustees for cancellation.

Appears in 1 contract

Samples: Indenture and Servicing Agreement (Creditrust Corp)

SURRENDERING OF NOTES. Each Noteholder shall surrender its Note within 14 fourteen (14) days after receipt of the final payment received due in connection therewith, whether by optional redemption of the Issuer or otherwise. Each Noteholder, by its acceptance of the final payment with respect to its Note, will be deemed to have relinquished any further right to receive payments under this Agreement and any interest in the Trust Estate. Each Noteholder shall indemnify and hold harmless the Issuer, the Trustee Trustee, the Note Insurer and any other Person against whom a claim is asserted in connection with such Noteholder's failure to tender the Note to the Trustee Trustees for cancellation.";

Appears in 1 contract

Samples: Indenture and Servicing Agreement (Encore Capital Group Inc)

SURRENDERING OF NOTES. Each Noteholder shall surrender its Note within 14 days after of receipt of the final payment received in connection therewith, whether by optional redemption of the Issuer or otherwise. Each Noteholder, by its acceptance of the final payment with respect to its Note, will be deemed to have relinquished any further right to receive payments under this Agreement and any interest in the Trust Estate. Each Noteholder shall indemnify and hold harmless the Issuer, the Trustee and any other Person against whom a claim is asserted in connection with such Noteholder's failure to tender the Note to the Trustee for cancellation.

Appears in 1 contract

Samples: Indenture and Servicing Agreement (Creditrust Corp)

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SURRENDERING OF NOTES. Each Noteholder shall surrender its Note within 14 fourteen (14) days after receipt of the final payment received in connection therewith, whether by optional redemption of the Issuer or otherwise. Each Noteholder, by its acceptance of the final payment with respect to its Note, will be deemed to have relinquished any further right to receive payments under this Agreement and any interest in the Trust Estate. Each Noteholder shall indemnify and hold harmless the Issuer, the Trustee and any other Person against whom a claim is asserted in connection with such Noteholder's failure to tender the Note to the Trustee for cancellation.

Appears in 1 contract

Samples: Indenture and Servicing Agreement (MCM Capital Group Inc)

SURRENDERING OF NOTES. Each Noteholder shall surrender its Note within with 14 days after receipt of the final payment received in connection therewith, whether by optional redemption of the Issuer or otherwise. Each Noteholder, by its acceptance of the final payment with respect to its Note, will be deemed to have relinquished any further right to receive payments under this Agreement and any interest in the Trust Estate. Each Noteholder shall indemnify and hold harmless the Issuer, the Trustee and any other Person against whom a claim is asserted in connection with such Noteholder's failure to tender the Note to the Trustee for cancellation.

Appears in 1 contract

Samples: Indenture and Servicing Agreement (Creditrust Corp)

SURRENDERING OF NOTES. Each Noteholder shall surrender its Note within 14 days after receipt of the final payment received in connection therewith, whether by optional redemption of by the Issuer or otherwise. Each Noteholder, by its acceptance of the final payment of principal with respect to its Note, will be deemed to have relinquished any further right to receive payments under this Agreement and any interest in the Trust Estate. Each Noteholder shall indemnify and hold harmless the Issuer, the Trustee and any other Person against whom a claim is asserted in connection with such Noteholder's failure to tender the Note to the Trustee for cancellation.

Appears in 1 contract

Samples: Indenture and Servicing Agreement (Creditrust Corp)

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