Bond Trustees definition
Examples of Bond Trustees in a sentence
The Bond Trustee's obligations under the Finance Documents are conditioned upon the due payment of such fees and indemnifications.
Any liberty or right which may be exercised or determination which may be made under this Agreement by the Bond Trustee may be exercised or made in the Bond Trustee's absolute discretion without any obligation to give reasons therefore and the Bond Trustee shall not be responsible for any liability occasioned by so acting if acting in accordance with the terms of the Trust Deed and the Security Agreement, but without prejudice to the obligation of the Bond Trustee to act reasonably.
The Bond Trustee's right to seek and recover judgment on the Transition Bonds or under this Indenture shall not be affected by the seeking, obtaining or application of any other relief under or with respect to this Indenture.
The Bond Trustee may, but shall not be obligated to, enter into any such supplemental indenture that affects the Bond Trustee's own rights, duties, liabilities or immunities under this Indenture or otherwise.
The Bond Trustee's compensation shall not be limited by any law on compensation of a trustee of an express trust.
Such expenses shall include the reasonable compensation and expenses, disbursements and advances of the Bond Trustee's agents, counsel, accountants and experts.
No party relying upon an instrument executed by the Bond Trustee as provided in this Article VIII shall be bound to ascertain the Bond Trustee's authority, inquire into the satisfaction of any conditions precedent or see to the application of any moneys.
The Bond Trustee shall not be accountable for the Issuer's use of the proceeds from the Transition Bonds, and the Bond Trustee shall not be responsible for any statement of the Issuer in the Indenture or in any document issued in connection with the sale of the Transition Bonds or in the Transition Bonds other than the Bond Trustee's certificate of authentication.
The foregoing shall not, however, be construed to affect the Bond Trustee's right to rely upon the truth and accuracy of any statement or opinion contained in any such document as provided in Article VI.
The Issuer shall indemnify and hold harmless the Bond Trustee from and against any and all costs, damages, expenses, losses, liabilities or other amounts whatsoever (including counsel fees) incurred by the Bond Trustee in connection with the administration of this trust, the enforcement of this trust and all of the Bond Trustee's rights, powers and duties under this Indenture and the performance by the Bond Trustee of the duties and obligations of the Bond Trustee under or pursuant to this Indenture.