Common use of THE ISSUER TRUSTEES Clause in Contracts

THE ISSUER TRUSTEES. SECTION 8.1. Certain Duties and Responsibilities.............................42 SECTION 8.2. Certain Notices.................................................44 SECTION 8.3. Certain Rights of Property Trustee..............................45 SECTION 8.4. Not Responsible for Recitals or Issuance of Securities..........48 SECTION 8.5. May Hold Securities.............................................48 SECTION 8.6. Compensation; Indemnity; Fees...................................48 SECTION 8.7. Corporate Property Trustee Required; Eligibility of Issuer Trustees........................................................49 SECTION 8.8. Conflicting Interests...........................................50 SECTION 8.9. Co-Trustees and Separate Trustee................................50 SECTION 8.10. Resignation and Removal; Appointment of Successor...............51 SECTION 8.11. Acceptance of Appointment by Successor..........................53 SECTION 8.12. Merger, Conversion, Consolidation or Succession to Business.....54 SECTION 8.13. Preferential Collection of Claims Against Depositor or Issuer Trust...........................................................54 SECTION 8.14. Property Trustee May File Proofs of Claim.......................54 SECTION 8.15. Reports by Property Trustee.....................................55 SECTION 8.16. Reports to the Property Trustee.................................55 SECTION 8.17. Evidence of Compliance with Conditions Precedent................56 SECTION 8.18. Number of Issuer Trustees.......................................56 SECTION 8.19.

THE ISSUER TRUSTEES. 33 SECTION 8.1. Certain Duties and Responsibilities.............................42 .......................................................33 SECTION 8.2. Certain Notices.................................................44 ...........................................................................35 SECTION 8.3. Certain Rights of Property Trustee..............................45 ........................................................36 SECTION 8.4. Not Responsible for Recitals or Issuance of Securities..........48 ....................................37 SECTION 8.5. May Hold Securities.............................................48 .......................................................................38 SECTION 8.6. Compensation; Indemnity; Fees...................................48 .............................................................38 SECTION 8.7. Corporate Property Trustee Required; Eligibility of Issuer Trustees and Administrative Trustees........................................................49 ........................................................................................39 SECTION 8.8. Conflicting Interests...........................................50 .....................................................................39 SECTION 8.9. Co-Trustees and Separate Trustee................................50 ..........................................................40 SECTION 8.10. Resignation and Removal; Appointment of Successor...............51 .........................................41 SECTION 8.11. Acceptance of Appointment by Successor..........................53 ....................................................42 SECTION 8.12. Merger, Conversion, Consolidation or Succession to Business.....54 ...............................43 SECTION 8.13. Preferential Collection of Claims Against Depositor or Issuer Trust...........................................................54 .......................43 SECTION 8.14. Property Trustee May File Proofs of Claim.......................54 ..........................................................43 SECTION 8.15. Reports by Property Trustee.....................................55 ...............................................................44 SECTION 8.16. Reports to the Property Trustee.................................55 ...........................................................44 SECTION 8.17. Evidence of Compliance with Conditions Precedent................56 SECTION 8.18. Number of Issuer Trustees.......................................56 SECTION 8.19...........................................44

THE ISSUER TRUSTEES. THE ADMINISTRATORS SECTION 8.1. Certain Duties and Responsibilities.............................42 .......................51 SECTION 8.2. Certain Notices.................................................44 ...........................................54 SECTION 8.3. Certain Rights of Property Trustee..............................45 ........................54 SECTION 8.4. Not Responsible for Recitals or Issuance of Securities..........48 ....56 SECTION 8.5. May Hold Securities.............................................48 .......................................56 SECTION 8.6. Compensation; Indemnity; Fees...................................48 .............................56 SECTION 8.7. Corporate Property Trustee Required; Eligibility of Issuer Trustees........................................................49 Trustees and Administrators............................58 SECTION 8.8. Conflicting Interests...........................................50 .....................................58 SECTION 8.9. Co-Trustees and Separate Trustee................................50 ..........................59 SECTION 8.10. Resignation and Removal; Appointment of Successor...............51 .........60 SECTION 8.11. Acceptance of Appointment by Successor..........................53 ....................62 SECTION 8.12. Merger, Conversion, Consolidation or Succession to Business.....54 ..................................................62 SECTION 8.13. Preferential Collection of Claims Against Depositor or Issuer Trust...........................................................54 ..............................................63 SECTION 8.14. Property Trustee May File Proofs of Claim.......................54 Claims.........................63 SECTION 8.15. Reports by Property Trustee.....................................55 ...............................64 SECTION 8.16. Reports to the Property Trustee.................................55 ...........................64 SECTION 8.17. Evidence of Compliance with Conditions Precedent................56 ..........64 SECTION 8.18. Number of Issuer Trustees.......................................56 .................................65 SECTION 8.19.

THE ISSUER TRUSTEES. 34 SECTION 8.1. Certain Duties and Responsibilities.............................42 ..................... 34 SECTION 8.2. Certain Notices.................................................44 ......................................... 36 SECTION 8.3. Certain Rights of Property Trustee..............................45 ...................... 36 SECTION 8.4. Not Responsible for Recitals or Issuance of Securities..........48 .. 39 SECTION 8.5. May Hold Securities.............................................48 ..................................... 39 SECTION 8.6. Compensation; Indemnity; Fees...................................48 ........................... 39 SECTION 8.7. Corporate Property Trustee Required; Eligibility of Issuer Trustees........................................................49 ......................................... 40 SECTION 8.8. Conflicting Interests...........................................50 ................................... 41 SECTION 8.9. Co-Trustees and Separate Trustee................................50 ........................ 41 SECTION 8.10. Resignation and Removal; Appointment of Successor...............51 ....... 42 SECTION 8.11. Acceptance of Appointment by Successor..........................53 .................. 43 SECTION 8.12. Merger, Conversion, Consolidation or Succession to Business.....54 ................................................ 44 SECTION 8.13. Preferential Collection of Claims Against Depositor or the Issuer Trust...........................................................54 ........................................ 44 SECTION 8.14. Property Trustee May File Proofs of Claim.......................54 SECTION 8.15. Reports by Property Trustee.....................................55 SECTION 8.16. Reports to the Property Trustee.................................55 SECTION 8.17. Evidence of Compliance with Conditions Precedent................56 SECTION 8.18. Number of Issuer Trustees.......................................56 SECTION 8.19.............................. 45

THE ISSUER TRUSTEES. 34 SECTION 8.1. Certain Duties and Responsibilities.............................42 ........................................... 34 SECTION 8.2. Certain Notices.................................................44 ............................................................... 36 SECTION 8.3. Certain Rights of Property Trustee..............................45 ............................................ 36 SECTION 8.4. Not Responsible for Recitals or Issuance of Securities..........48 ........................ 39 SECTION 8.5. May Hold Securities.............................................48 ........................................................... 39 SECTION 8.6. Compensation; Indemnity; Fees...................................48 ................................................. 39 SECTION 8.7. Corporate Property Trustee Required; Eligibility of Issuer Trustees........................................................49 ...................................................................... 40 SECTION 8.8. Conflicting Interests...........................................50 ......................................................... 40 SECTION 8.9. Co-Trustees and Separate Trustee................................50 .............................................. 41 SECTION 8.10. Resignation and Removal; Appointment of Successor...............51 ............................. 42 SECTION 8.11. Acceptance of Appointment by Successor..........................53 ........................................ 43 SECTION 8.12. Merger, Conversion, Consolidation or Succession to Business.....54 ................... 44 SECTION 8.13. Preferential Collection of Claims Against Depositor or the Issuer Trust...........................................................54 ....... 44 SECTION 8.14. Property Trustee May File Proofs of Claim.......................54 SECTION 8.15. Reports by Property Trustee.....................................55 SECTION 8.16. Reports to the Property Trustee.................................55 SECTION 8.17. Evidence of Compliance with Conditions Precedent................56 SECTION 8.18. Number of Issuer Trustees.......................................56 SECTION 8.19.................................................... 45

THE ISSUER TRUSTEES. SECTION 8.1. 38 Section 8.1 Certain Duties and Responsibilities.............................42 SECTION 8.2. ..............................................38 Section 8.2 Certain Notices.................................................44 SECTION 8.3. ..................................................................41 Section 8.3 Certain Rights of Property Trustee..............................45 SECTION 8.4. ...............................................41 Section 8.4 Not Responsible for Recitals or Issuance of Securities..........48 SECTION 8.5. ...........................44 Section 8.5 May Hold Securities.............................................48 SECTION 8.6. ..............................................................44 -ii- TABLE OF CONTENTS (continued) PAGE Section 8.6 Compensation; Indemnity; Fees...................................48 SECTION 8.7. ....................................................44 Section 8.7 Corporate Property Trustee Required; Eligibility of Issuer Trustees........................................................49 SECTION 8.8. ..............45 Section 8.8 Conflicting Interests...........................................50 SECTION 8.9. ............................................................45 Section 8.9 Co-Trustees and Separate Trustee................................50 SECTION 8.10. .................................................46 Section 8.10 Resignation and Removal; Appointment of Successor...............51 SECTION 8.11. ................................47 Section 8.11 Acceptance of Appointment by Successor..........................53 SECTION 8.12. ...........................................49 Section 8.12 Merger, Conversion, Consolidation or Succession to Business.....54 SECTION 8.13. ......................49 Section 8.13 Preferential Collection of Claims Against Depositor or Issuer Trust...........................................................54 SECTION 8.14. ..............49 Section 8.14 Property Trustee May File Proofs of Claim.......................54 SECTION 8.15. ........................................49 Section 8.15 Reports by Property Trustee.....................................55 SECTION 8.16. ......................................................50 Section 8.16 Reports to the Property Trustee.................................55 SECTION 8.17. ..................................................51 Section 8.17 Evidence of Compliance with Conditions Precedent................56 SECTION 8.18. .................................51 Section 8.18 Number of Issuer Trustees.......................................56 SECTION 8.19.........................................................51

THE ISSUER TRUSTEES. SECTION 8.1. Certain Duties and Responsibilities.............................42 ............................33 SECTION 8.2. Certain Notices.................................................44 ................................................36 SECTION 8.3. Certain Rights of Property Trustee..............................45 .............................36 SECTION 8.4. Not Responsible for Recitals or Issuance of Securities..........48 .........38 SECTION 8.5. May Hold Securities.............................................48 ............................................38 SECTION 8.6. Compensation; Indemnity; Fees...................................48 ..................................38 SECTION 8.7. Corporate Property Trustee Required; Eligibility of Issuer Trustees........................................................49 ................................................39 SECTION 8.8. Conflicting Interests...........................................50 ..........................................40 SECTION 8.9. Co-Trustees and Separate Trustee................................50 ...............................40 SECTION 8.10. Resignation and Removal; Appointment of Successor...............51 ..............41 SECTION 8.11. Acceptance of Appointment by Successor..........................53 .........................42 SECTION 8.12. Merger, Conversion, Consolidation or Succession to Business.....54 .......................................................43 SECTION 8.13. Preferential Collection of Claims Against Depositor or Issuer Trust...........................................................54 ...................................................43 SECTION 8.14. Property Trustee May File Proofs of Claim.......................54 ......................44 SECTION 8.15. Reports by Property Trustee.....................................55 ....................................44 SECTION 8.16. Reports to the Property Trustee.................................55 ................................45 SECTION 8.17. Evidence of Compliance with Conditions Precedent................56 ...............45 SECTION 8.18. Number of Issuer Trustees.......................................56 SECTION 8.19.

THE ISSUER TRUSTEES. SECTION 8.1. Certain Duties and Responsibilities.............................42 ..........................39 SECTION 8.2. Certain Notices.................................................44 ..............................................41 SECTION 8.3. Certain Rights of Property Trustee..............................45 ...........................42 SECTION 8.4. Not Responsible for Recitals or Issuance of Securities..........48 .......44 SECTION 8.5. May Hold Securities.............................................48 ..........................................44 SECTION 8.6. Compensation; Indemnity; Fees...................................48 ................................44 SECTION 8.7. Corporate Property Trustee Required; Eligibility of Issuer Trustees........................................................49 .....................................................45 SECTION 8.8. Conflicting Interests...........................................50 ........................................46 SECTION 8.9. Co-Trustees and Separate Trustee................................50 .............................46 SECTION 8.10. Resignation and Removal; Appointment of Successor...............51 ............48 SECTION 8.11. Acceptance of Appointment by Successor..........................53 .......................49 SECTION 8.12. Merger, Conversion, Consolidation or Succession to Business.....54 .....................................................50 SECTION 8.13. Preferential Collection of Claims Against Depositor or Issuer Trust...........................................................54 .................................................50 SECTION 8.14. Property Trustee May File Proofs of Claim.......................54 ....................51 SECTION 8.15. Reports by Property Trustee.....................................55 ..................................51 SECTION 8.16. Reports to the Property Trustee.................................55 ..............................52 SECTION 8.17. Evidence of Compliance with Conditions Precedent................56 .............52 SECTION 8.18. Number of Issuer Trustees.......................................56 ....................................53 SECTION 8.19.

THE ISSUER TRUSTEES. 30 SECTION 8.1. Certain Duties and Responsibilities.............................42 ...............30 SECTION 8.2. Certain Notices.................................................44 ...................................32 iii SECTION 8.3. Certain Rights of Property Trustee..............................45 ................32 SECTION 8.4. Not Responsible for Recitals or Issuance of Securities..........48 ........................................34 SECTION 8.5. May Hold Securities.............................................48 ...............................34 SECTION 8.6. Compensation; Indemnity; Fees...................................48 .....................34 SECTION 8.7. Corporate Property Trustee Required; Eligibility of Issuer Trustees and Administrative Trustees........................................................49 .......35 SECTION 8.8. Conflicting Interests...........................................50 .............................35 SECTION 8.9. Co-Trustees and Separate Trustee................................50 ..................36 SECTION 8.10. Resignation and Removal; Appointment of Successor...............51 Successor.37 SECTION 8.11. Acceptance of Appointment by Successor..........................53 ............38 SECTION 8.12. Merger, Conversion, Consolidation or Succession to Business.....54 ..........................................38 SECTION 8.13. Preferential Collection of Claims Against Depositor or Issuer Trust...........................................................54 ...................................39 SECTION 8.14. Property Trustee May File Proofs of Claim.......................54 ..................39 SECTION 8.15. Reports by Property Trustee.....................................55 .......................39 SECTION 8.16. Reports to the Property Trustee.................................55 ...................40 SECTION 8.17. Evidence of Compliance with Conditions Precedent................56 ..40 SECTION 8.18. Number of Issuer Trustees.......................................56 .........................40 SECTION 8.19.. Delegation of Power...............................40 ARTICLE 9 DISSOLUTION, LIQUIDATION AND MERGER.............................41 SECTION 9.1. Dissolution Upon Expiration Date..................41 SECTION 9.2. Early Dissolution.................................41 SECTION 9.3. Dissolution.......................................41 SECTION 9.4. Liquidation.......................................42 SECTION 9.5. Mergers, Consolidations, Amalgamations or Replacements of Issuer Trust......................43

THE ISSUER TRUSTEES. SECTION 8.1. Section 8.1 Certain Duties and Responsibilities.............................42 SECTION 8.2. ...................................................37 Section 8.2 Certain Notices.................................................44 SECTION 8.3. .......................................................................40 Section 8.3 Certain Rights of Property Trustee..............................45 SECTION 8.4. ....................................................40 Section 8.4 Not Responsible for Recitals or Issuance of Securities..........48 SECTION 8.5. ................................42 Section 8.5 May Hold Securities.............................................48 SECTION 8.6. ...................................................................42 Section 8.6 Compensation; Indemnity; Fees...................................48 SECTION 8.7. .........................................................42 Section 8.7 Corporate Property Trustee Required; Eligibility of Issuer Trustees........................................................49 SECTION 8.8. ...................43 Section 8.8 Conflicting Interests...........................................50 SECTION 8.9. .................................................................44 Section 8.9 Co-Trustees and Separate Trustee................................50 SECTION 8.10. ......................................................44 Section 8.10 Resignation and Removal; Appointment of Successor...............51 SECTION 8.11. .....................................45 Section 8.11 Acceptance of Appointment by Successor..........................53 SECTION 8.12. ................................................47 Section 8.12 Merger, Conversion, Consolidation or Succession to Business.....54 SECTION 8.13. ...........................48 Section 8.13 Preferential Collection of Claims Against Depositor or Issuer Trust...........................................................54 SECTION 8.14. ...................48 Section 8.14 Property Trustee May File Proofs of Claim.......................54 SECTION 8.15. .............................................48 Section 8.15 Reports by Property Trustee.....................................55 SECTION 8.16. ...........................................................49 Section 8.16 Reports to the Property Trustee.................................55 SECTION 8.17. .......................................................50 Section 8.17 Evidence of Compliance with Conditions Precedent................56 SECTION 8.18. ......................................50 Section 8.18 Number of Issuer Trustees.......................................56 SECTION .............................................................50 Section 8.19.

THE ISSUER TRUSTEES. 33 SECTION 8.1. Certain Duties and Responsibilities.............................42 ..........................................33 SECTION 8.2. Certain Notices.................................................44 ..............................................................36 SECTION 8.3. Certain Rights of Property Trustee..............................45 ...........................................36 SECTION 8.4. Not Responsible for Recitals or Issuance of Securities..........48 .......................38 SECTION 8.5. May Hold Securities.............................................48 ..........................................................38 SECTION 8.6. Compensation; Indemnity; Fees...................................48 ................................................38 SECTION 8.7. Corporate Property Trustee Required; Eligibility of Issuer Trustees and Administrative Trustees........................................................49 ...............................................39 SECTION 8.8. Conflicting Interests...........................................50 ........................................................40 SECTION 8.9. Co-Trustees and Separate Trustee................................50 .............................................40 SECTION 8.10. Resignation and Removal; Appointment of Successor...............51 ............................41 SECTION 8.11. Acceptance of Appointment by Successor..........................53 .......................................43 SECTION 8.12. Merger, Conversion, Consolidation or Succession to Business.....54 ..................43 SECTION 8.13. Preferential Collection of Claims Against Depositor or Issuer Trust...........................................................54 ..........43 SECTION 8.14. Property Trustee May File Proofs of Claim.......................54 .............................................44 SECTION 8.15. Reports by Property Trustee.....................................55 ..................................................44 SECTION 8.16. Reports to the Property Trustee.................................55 ..............................................45 SECTION 8.17. Evidence of Compliance with Conditions Precedent................56 SECTION 8.18. Number of Issuer Trustees.......................................56 SECTION 8.19..............................45

THE ISSUER TRUSTEES. SECTION 8.1. Certain Duties and Responsibilities.............................42 ............................................... 33 SECTION 8.2. Certain Notices.................................................44 ................................................................... 35 SECTION 8.3. Certain Rights of Property Trustee..............................45 ................................................ 36 SECTION 8.4. Not Responsible for Recitals or Issuance of Securities..........48 ............................ 38 SECTION 8.5. May Hold Securities.............................................48 ............................................................... 38 SECTION 8.6. Compensation; Indemnity; Fees...................................48 ..................................................... 38 SECTION 8.7. Corporate Property Trustee Required; Eligibility of Issuer Trustees........................................................49 ............... 39 SECTION 8.8. Conflicting Interests...........................................50 ............................................................. 39 SECTION 8.9. Co-Trustees and Separate Trustee................................50 .................................................. 39 SECTION 8.10. Resignation and Removal; Appointment of Successor...............51 ................................. 41 SECTION 8.11. Acceptance of Appointment by Successor..........................53 ............................................ 42 SECTION 8.12. Merger, Conversion, Consolidation or Succession to Business.....54 ....................... 43 SECTION 8.13. Preferential Collection of Claims Against Depositor or Issuer Trust...........................................................54 ............... 43 SECTION 8.14. Property Trustee May File Proofs of Claim.......................54 ......................................... 43 SECTION 8.15. Reports by Property Trustee.....................................55 ....................................................... 44 SECTION 8.16. Reports to the Property Trustee.................................55 ................................................... 44 SECTION 8.17. Evidence of Compliance with Conditions Precedent................56 .................................. 45 SECTION 8.18. Number of Issuer Trustees.......................................56 SECTION 8.19.

THE ISSUER TRUSTEES. THE ADMINISTRATORS SECTION 8.1. Certain Duties and Responsibilities.............................42 ................. 46 SECTION 8.2. Certain Notices.................................................44 ..................................... 49 SECTION 8.3. Certain Rights of Property Trustee..............................45 .................. 49 SECTION 8.4. Not Responsible for Recitals or Issuance of Securities..........48 ........................... 51 SECTION 8.5. May Hold Securities.............................................48 ................................. 51 SECTION 8.6. Compensation; Indemnity; Fees...................................48 ....................... 51 SECTION 8.7. Corporate Property Trustee Required; Eligibility of Issuer Trustees........................................................49 Trustees and Administrators.......... 53 SECTION 8.8. Conflicting Interests...........................................50 ............................... 53 SECTION 8.9. Co-Trustees and Separate Trustee................................50 .................... 54 SECTION 8.10. Resignation and Removal; Appointment of Successor...............51 ........................................... 55 SECTION 8.11. Acceptance of Appointment by Successor..........................53 ........................................... 57 SECTION 8.12. Merger, Conversion, Consolidation or Succession to Business.....54 .............................. 58 SECTION 8.13. Preferential Collection of Claims Against Depositor or Issuer Trust...........................................................54 ................... 58 SECTION 8.14. Property Trustee May File Proofs of Claim.......................54 .................... 58 - ii - SECTION 8.15. Reports by Property Trustee.....................................55 ......................... 59 SECTION 8.16. Reports to the Property Trustee.................................55 ..................... 60 SECTION 8.17. Evidence of Compliance with Conditions Precedent................56 ........................................... 60 SECTION 8.18. Number of Issuer Trustees.......................................56 SECTION 8.19.

THE ISSUER TRUSTEES. THE ADMINISTRATORS SECTION 8.1. Certain Duties and Responsibilities.............................42 ........................... 46 SECTION 8.2. Certain Notices.................................................44 ............................................... 49 SECTION 8.3. Certain Rights of Property Trustee..............................45 ............................ 50 SECTION 8.4. Not Responsible for Recitals or Issuance of Securities..........48 ..................................... 52 SECTION 8.5. May Hold Securities.............................................48 ........................................... 52 SECTION 8.6. Compensation; Indemnity; Fees...................................48 ................................. 52 SECTION 8.7. Corporate Property Trustee Required; Eligibility of Issuer Trustees........................................................49 Trustees and Administrators.................... 52 SECTION 8.8. Conflicting Interests...........................................50 ......................................... 54 SECTION 8.9. Co-Trustees and Separate Trustee................................50 .............................. 54 SECTION 8.10. Resignation and Removal; Appointment of Successor...............51 ..................................................... 56 SECTION 8.11. Acceptance of Appointment by Successor..........................53 ..................................................... 58 SECTION 8.12. Merger, Conversion, Consolidation or Succession to Business.....54 ........................................ 58 SECTION 8.13. Preferential Collection of Claims Against Depositor or Issuer Trust...........................................................54 ............................. 59 SECTION 8.14. Property Trustee May File Proofs of Claim.......................54 SECTION 8.15. Reports by Property Trustee.....................................55 SECTION 8.16. Reports to the Property Trustee.................................55 SECTION 8.17. Evidence of Compliance with Conditions Precedent................56 SECTION 8.18. Number of Issuer Trustees.......................................56 SECTION 8.19............................... 59