Environmental Control Bondholder definition
Examples of Environmental Control Bondholder in a sentence
The fees and expenses of the subservicer shall be as agreed between the Servicer and its subservicer from time to time, and none of the Issuer (or its members or managers), the Indenture Trustee, any Environmental Control Bondholder or the PSCWV shall have any responsibility therefor.
However, such amendment may not adversely affect in any material respect the interest of any Environmental Control Bondholder or any Swap Counterparty without the written consent of a majority of the Holders of the Outstanding Amount of the Environmental Control Bonds of each Series or Tranche and each such Swap Counterparty materially and adversely affected thereby.
Upon the written request of any Environmental Control Bondholder to the Indenture Trustee addressed to the Corporate Trust Office, the Indenture Trustee shall provide such Environmental Control Bondholder with a copy of the Officer’s Certificate referred to in Section 3.05 of the Servicing Agreement and the Annual Accountant’s Report referred to in Section 3.06 of the Servicing Agreement.
The Issuer shall fix or cause to be fixed any such Special Record Date and Special Payment Date, and, at least fifteen days before any such special record date, the Indenture Trustee shall mail to each affected Environmental Control Bondholder a notice that states the Special Record Date, the Special Payment Date and the amount of defaulted interest (plus interest on the defaulted interest) to be paid.
No delay or omission of the Indenture Trustee or any Environmental Control Bondholder to exercise any right or remedy accruing upon any Default or Event of Default shall impair any such right or remedy or constitute a waiver of any such Default or Event of Default or an acquiescence therein.
Whenever any Environmental Control Bonds are so surrendered for exchange, an Authorized Officer shall execute, and the Indenture Trustee shall authenticate and the Environmental Control Bondholder shall obtain from the Indenture Trustee, the Environmental Control Bonds which the Environmental Control Bondholder making the exchange is entitled to receive.
Where this Indenture provides for notice to Environmental Control Bondholders of any event, such notice shall be sufficiently given (unless otherwise herein expressly provided) if in writing and delivered by first-class mail, postage prepaid, to each Environmental Control Bondholder affected by such event, at their address as it appears on the Bond Register, not later than the latest date, and not earlier than the earliest date, prescribed for the giving of such notice.
If the Indenture Trustee fails to comply with Section 6.11, any Environmental Control Bondholder may petition any court of competent jurisdiction for the removal of the Indenture Trustee and the appointment of a successor Indenture Trustee.
In any case where notice to Environmental Control Bondholders is given by mail, neither the failure to mail such notice nor any defect in any notice so mailed to any particular Environmental Control Bondholder shall affect the sufficiency of such notice with respect to other Environmental Control Bondholders, and any notice that is mailed in the manner herein provided shall conclusively be presumed to have been duly given.