Trustee as Tender Agent Sample Clauses

Trustee as Tender Agent. Whenever in this Indenture, certain rights or duties are conferred upon the Tender Agent, and no Tender Agent is appointed, such rights and duties shall be performed by the Trustee.
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Trustee as Tender Agent. Pursuant to Section 2.5 of the Agreement, the Issuer hereby appoints the Trustee to act as tender agent in connection with tenders of Variable Rate Bonds. The Trustee shall act as tender agent for the Obligor. The Trustee hereby agrees to act as tender agent only upon the terms and conditions set forth in this Indenture. It is understood and agreed by the Issuer and the Trustee that the Issuer has obtained the Trustee's agreement to act as tender agent pursuant to the Issuer's agreement to do so in the Agreement and that the Obligor and the Bank shall be beneficiaries of such agreement. It is further recognized, however, that provision for such tender agent will also benefit the Bondholders. Consequently, it is agreed that the Trustee's obligations as tender agent shall be enforceable by either the Obligor or the Bank, as the case may be. Nothing herein, however, shall be construed as a requirement that the Trustee prepare any form of notice to be provided hereunder.

Related to Trustee as Tender Agent

  • Trustee as Holder of Senior Indebtedness Subject to Section 15.01, the Trustee in its individual capacity shall be entitled to all the rights set forth in this Article XV in respect of any Senior Indebtedness at any time held by it to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture shall be construed to deprive the Trustee of any of its rights as such holder. Nothing in this Article XV shall apply to claims of, or payments to, the Trustee under or pursuant to Sections 7.05 or 11.01.

  • Trustee, Paying Agent and Security Registrar May Hold Securities The Trustee, subject to certain limitations imposed by the TIA, or any paying agent or Security Registrar, in its individual or any other capacity, may become the owner or pledgee of Securities with the same rights it would have if it were not Trustee, paying agent or Security Registrar.

  • Rights of Trustee as Holder of Senior Debt; Preservation of Trustee’s Rights The Trustee in its individual capacity shall be entitled to all the rights set forth in this Article XII with respect to any Senior Debt that may at any time be held by it, to the same extent as any other holder of Senior Debt, and nothing in this Indenture shall deprive the Trustee of any of its rights as such holder.

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