Examples of Indenture Event of Default in a sentence
If such Indenture Event of Default is described in subsection (c) of Section 5.01 hereof, the Trustee may, and at the written request of the Owners of a majority of the Bond Ownership Rights represented by the Junior Bonds shall, without further demand or notice, transfer moneys to the Junior Bonds Debt Service Account from other Accounts and Subaccounts in accordance with Section 3.05(c) hereof.
In case of any such waiver, then and in every such case the Transportation Enterprise, the Trustee and the Secured Parties shall be restored to their former positions and rights hereunder, but no such waiver shall extend to any subsequent or other Indenture Event of Default, or impair any right consequent thereon.
Remedies Following an Indenture Event of Default 40 Section 5.03.
If such Indenture Event of Default is described in subsection (b) of Section 5.01 hereof, the Trustee may, and at the written request of USDOT shall, without further demand or notice, transfer moneys to the TIFIA Loans Debt Service Account from other Accounts and Subaccounts in accordance with Section 3.05(c) hereof.
If such Indenture Event of Default is described in subsection (a) of Section 5.01 hereof, the Trustee may, and at the written request of the Owners of a majority of the Bond Ownership Rights represented by the Senior Bonds shall, without further demand or notice, transfer moneys to the Senior Bonds Debt Service Account from other Accounts and Subaccounts in accordance with Section 3.05(c) hereof.