Designated Corporate Trust Office definition
Examples of Designated Corporate Trust Office in a sentence
The Corporation hereby directs the Town, and the Town hereby agrees to pay to the Trustee at the Designated Corporate Trust Office, all payments payable by the Town pursuant to this Section 4.4 and all amounts payable by the Town pursuant to Article X hereof.
After the effective date of any amendment or modification hereof under this Article VII, the City may determine that the Bond shall bear a notation, by endorsement in form approved by the City, as to such amendment or modification and in that case upon demand of the City the Owner shall present such Bond for that purpose at the Designated Corporate Trust Office of the Trustee, and thereupon a suitable notation as to such action shall be made on such Bond.
The Trustee will keep or cause to be kept, at its Designated Corporate Trust Office, sufficient records for the registration and registration of transfer of the Bond, which shall at all times during normal business hours, and upon reasonable prior written notice, be open to inspection by the City.
In lieu of such notation, the City may determine that new Bond shall be prepared and executed in exchange for the Bond and in that case upon demand of the City the Owner shall present such Bond for exchange at the Designated Corporate Trust Office of the Trustee without cost to the Owner.
Subject to the conditions contained in the Indenture, Series 2022A Bonds, upon surrender thereof at the Designated Corporate Trust Office of the Trustee may, at the option of the registered owner thereof, be exchanged for an equal aggregate principal amount of Series 2022A Bonds, of any other authorized denominations, of the same maturity and interest rate.
Principal and premium, if any, on the replacement Bonds are payable only upon presentation and surrender of such replacement Bond or Bonds at the Designated Corporate Trust Office of the Trustee.
Bonds may be exchanged at the Designated Corporate Trust Office of the Trustee for a like aggregate principal amount of Bonds of the same Series of other authorized denominations in accordance with the requirements of Section 2.02 hereof.
The Tenant and the Bank shall be deemed to have consented to the execution and delivery of any such supplemental indenture if the Trustee does not receive a letter of protest or objection thereto signed by or on behalf of the Tenant and the Bank on or before 4:30 o'clock P.M. local time at the Designated Corporate Trust Office of the Trustee, on the fifteenth day after the mailing of said notice.
Any provision in this Article for the mailing of a notice or other paper to owners of Bonds shall be fully complied with if it is mailed postage prepaid only (i) to each Registered Owner of then Outstanding Bonds at his address, if any, appearing upon the registration books maintained by the City at the Designated Corporate Trust Office of the Trustee, and (ii) to the Trustee.
If the Authority issues temporary Bonds it will execute and deliver definitive Bonds as promptly thereafter as practicable, and thereupon the temporary Bonds may be surrendered for cancellation, in exchange therefor at the Designated Corporate Trust Office of the Trustee and the Trustee or the Tender Agent, as the case may be, shall authenticate and deliver in exchange for such temporary Bonds an equal aggregate principal amount of definitive Bonds of authorized denominations.