Temporary Securitization Bonds Sample Clauses
The Temporary Securitization Bonds clause establishes the issuance of interim bonds to represent underlying assets or obligations until permanent securitization arrangements are finalized. In practice, this clause allows for the creation and use of temporary financial instruments that can be traded, pledged, or otherwise utilized during the transitional period before the final securities are issued. Its core function is to ensure continuity and liquidity in financial transactions, bridging the gap between the initial asset transfer and the completion of the securitization process.
Temporary Securitization Bonds. Pending the preparation of Definitive Securitization Bonds pursuant to Section 2.13, the Issuer may execute, and upon receipt of an Issuer Order the Indenture Trustee shall authenticate and deliver, Temporary Securitization Bonds that are printed, lithographed, typewritten, mimeographed or otherwise produced, of the tenor of the Definitive Securitization Bonds in lieu of which they are issued and with such variations not inconsistent with the terms of this Indenture as the officers executing the Securitization Bonds may determine, as evidenced by their execution of the Securitization Bonds. If Temporary Securitization Bonds are issued, the Issuer will cause Definitive Securitization Bonds to be prepared without unreasonable delay. After the preparation of Definitive Securitization Bonds, the Temporary Securitization Bonds shall be exchangeable for Definitive Securitization Bonds upon surrender of the Temporary Securitization Bonds at the office or agency of the Issuer to be maintained as provided in Section 3.02, without charge to the Holder. Upon surrender for cancellation of any one or more Temporary Securitization Bonds, the Issuer shall execute and the Indenture Trustee shall authenticate and deliver in exchange therefor a like principal amount of Definitive Securitization Bonds of authorized denominations. Until so delivered in exchange, the Temporary Securitization Bonds shall in all respects be entitled to the same benefits under this Indenture as Definitive Securitization Bonds.
Temporary Securitization Bonds. 5 SECTION 2.05 Registration; Registration of Transfer and Exchange...........6 SECTION 2.06 Mutilated, Destroyed, Lost or Stolen Securitization Bonds...
Temporary Securitization Bonds. 5 SECTION 2.05 Registration; Registration of Transfer and Exchange........................................ 6 SECTION 2.06 Mutilated, Destroyed, Lost or Stolen Securitization Bonds.................................. 7 SECTION 2.07 Persons Deemed Owner....................................................................... 8 SECTION 2.08 Payment of Principal and Interest; Interest on Overdue Principal; Principal and Interest Rights Preserved........................................................................... 8 SECTION 2.09 Cancellation............................................................................... 10 SECTION 2.10 Amount; Authentication and Delivery of Securitization Bonds................................ 10 SECTION 2.11 Book-Entry Securitization Bonds............................................................ 15 SECTION 2.12 Notices to Clearing Agency................................................................. 15 SECTION 2.13
Temporary Securitization Bonds. Pending the preparation of definitive Securitization Bonds pursuant to Section 2.13 or, in the case of Securitization Bonds held in a book-entry only system by a Clearing Agency, a Manager on behalf of the Issuer may execute, and upon receipt of an Issuer Order the Trustee shall authenticate and deliver, temporary Securitization Bonds which are printed, lithographed, typewritten, mimeographed or otherwise produced, of the tenor of the definitive Securitization Bonds in lieu of which they are issued and with such variations not inconsistent with the terms of this Indenture as the Manager executing such Securitization Bonds may determine, as evidenced by their execution of such Securitization Bonds.