Examples of BAM in a sentence
Anything in this Indenture to the contrary notwithstanding, upon the occurrence and continuance of a default or an event of default with respect to payment of the Bonds, BAM shall be deemed to be the sole holder of the Bonds for all purposes and shall be entitled to control and direct the enforcement of all rights and remedies granted to the Holders for the benefit of such Holders under this Indenture.
In addition, any amendment, supplement or modification to this Indenture that adversely affects the rights or interests of BAM shall be subject to the prior written consent of BAM.
BAM is explicitly recognized as and shall be deemed to be a third-party beneficiary of this Indenture and may enforce any right, remedy or claim conferred, given or granted hereunder upon the occurrence and continuance of a default or an event of default with respect to payment of the Bonds.
The Issuer shall provide BAM with all notices and other information it is obligated to provide under the Undertaking and to the Holders under this Indenture.
The notice address of BAM is: Build America Mutual Assurance Company, 000 Xxxxxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attention: Surveillance, Re: Policy No. , Telephone: (000) 000-0000, Telecopier: (000) 000-0000, Email: xxxxxxx@xxxxxxxxxxxx.xxx.