TRUSTEE AND REMARKETING AGENT Sample Clauses
The 'Trustee and Remarketing Agent' clause defines the roles and responsibilities of the trustee and the remarketing agent in a financial transaction, typically involving securities or bonds. The trustee is generally responsible for safeguarding the interests of the security holders, managing the trust assets, and ensuring compliance with the terms of the agreement, while the remarketing agent is tasked with reselling or reoffering securities, such as in the case of variable rate bonds. This clause clarifies the duties, authority, and limitations of each party, ensuring that both the administration of the trust and the remarketing process are handled efficiently and transparently, thereby reducing the risk of disputes and ensuring smooth operation of the financial arrangement.
TRUSTEE AND REMARKETING AGENT. Section 13.01.
TRUSTEE AND REMARKETING AGENT. Appoint a Trustee and a Remarketing Agent with respect to the Bonds pursuant to the Master Indenture and the First Supplemental Indenture; and if the Remarketing Agent fails to remarket any tendered Bonds for sixty (60) consecutive days (and so long as such failure is not due to an allowable event under the then effective Remarketing Agreement), then the District agrees, at the written request of the Bank, to cause the Remarketing Agent to be replaced with a Remarketing Agent reasonably satisfactory to the Bank. Any remarketing agreement with a successor Remarketing Agent shall provide that (a) such remarketing agent may resign upon not less than thirty (30) days prior written notice to the Trustee, the Bank and the District, and (b) such remarketing agent shall use its best efforts to remarket the Bonds without regard to the Liquidity Rate (i.e., whether or not the rate to be borne by the Bonds is less than the Liquidity Rate).
TRUSTEE AND REMARKETING AGENT. Without the prior written consent of the Bank, which such consent shall not be unreasonably withheld, appoint or consent to the appointment of any successor Trustee or Remarketing Agent; provided that any successor Trustee or Remarketing Agent (or its parent entity) shall be rated at least A3 by Moody’s and A- by S&P and have minimum capital of $500,000,000. The District shall at all times maintain a Trustee and a Remarketing Agent under the Indenture.
TRUSTEE AND REMARKETING AGENT. 31 Section 9.01. Acceptance of the Trusts............................31 Section 9.02. Fees, Charges and Expenses of Trustee..............33 Section 9.03. Notice to Bondholders if an Event of Default Occurs.......................................33 Section 9.04. Intervention by Trustee............................34 Section 9.05.
TRUSTEE AND REMARKETING AGENT. SECTION 8.01 Trustee's Acceptance and Responsibilities......................................................... 60 SECTION 8.02 Certain Rights and Obligations of Trustee......................................................... 61 SECTION 8.03 Fees, Charges and Expenses of Trustee............................................................. 64 SECTION 8.04 Intervention by Trustee........................................................................... 65 SECTION 8.05
TRUSTEE AND REMARKETING AGENT. (a) The Successor Agency shall not remove (or cause to be removed) the Trustee or appoint (or cause to be appointed) any successor thereto without the prior written consent of the Bank, which consent shall not be unreasonably withheld. If the Trustee is removed or resigns, the Successor Agency shall use its best efforts to appoint (or caused to be appointed) a successor thereto that is reasonably acceptable to the Bank as soon as practicable and, in the case of resignation, no later than the resignation effective date. The Successor Agency shall cause any successor Trustee to enter into a Custodian Agreement with the Successor Agency and the Bank.
(b) The Successor Agency will not permit any Remarketing Agent to remarket any Bonds at a price less than the principal amount thereof plus accrued interest, if any, with respect thereto to the respective dates of remarketing. The Successor Agency shall not remove (or cause to be removed) any Remarketing Agent or appoint (or caused to be appointed) any successor thereto without the prior written consent of the Bank. If a Remarketing Agent fails to make efforts as required under its Remarketing Agreement to perform its duties under, and in accordance with the terms of, such Remarketing Agreement or if a Remarketing Agent fails to remarket Bank Bonds for thirty (30) consecutive calendar days, the Successor Agency shall, at the written direction of the Bank, remove (or cause to be removed) such Remarketing Agent. If a Remarketing Agent is removed or resigns, the Successor Agency shall (or shall cause) appoint a successor thereto in accordance with the terms of the applicable Indenture and with the prior written consent of the Bank. Such appointment shall be made as soon as practicable and, in the case of resignation, no later than the resignation effective date. The Successor Agency shall not enter into, or suffer to exist, any Remarketing Agreement unless such Remarketing Agreement contains the following: (i) an agreement on the part of the Remarketing Agent to use its best efforts to remarket Bonds, including Bank Bonds, at rates up to an including the “Maximum Rate” (as defined in the applicable Indenture); and (ii) a provision that requires that the Remarketing Agent’s resignation shall not become effective until sixty (60) day’s following the Remarketing Agent’s delivery of written notice to the Successor Agency and the Bank. Without limiting the preceding sentence, the Successor Agency will not enter into any ...
TRUSTEE AND REMARKETING AGENT. 59 Section 9.01.
TRUSTEE AND REMARKETING AGENT. 30 Section 9.01. Acceptance of the Trusts..................................30 Section 9.02. Fees, Charges and Expenses of Trustee.....................32 Section 9.03. Notice to Bondholders if an Event of Default Occurs.......32 Section 9.04. Intervention by Trustee...................................33 Section 9.05. Successor Trustee.........................................33 Section 9.06. Resignation by Trustee....................................33 Section 9.07. Removal of Trustee........................................33 Section 9.08. Appointment of Successor Trustee..........................33 Section 9.09. Concerning Any Successor Trustee..........................34 Section 9.10. Successor Trustee as Bond Registrar and Paying Agent...
TRUSTEE AND REMARKETING AGENT. Cause the Trustee and the ----------------------------- Remarketing Agent (as defined in the Indenture) at all times to be satisfactory to the Agent in its sole discretion and, to the extent required in the Bond Documents, the Issuer.