Examples of Issuer Charged Property in a sentence
Notwithstanding anything to the contrary contained herein, the Current Issuer may (a) make cash payments out of the Current Issuer Bank Accounts relating to the Current Issuer Notes as and to the extent permitted or required by the Current Issuer Transaction Documents (b) act in relation to the Current Issuer Charged Property as permitted under the Current Issuer Deed of Charge and (c) take any other action not inconsistent with the Trust Indenture Act.
The exclusion of any part of the Current Issuer Charged Property from the appointment of the Receiver shall not preclude the Note Trustee from subsequently extending its appointment (or that of the Receiver replacing it) to that part of the Current Issuer Charged Property or appointing another Receiver over any other part of the Current Issuer Charged Property.
If and whenever the Note Trustee or the Receiver enters into possession of the Current Issuer Charged Property, it shall be entitled at any time to go out of such possession.
Such remuneration and such commission (if any) shall be payable hereunder by the Current Issuer alone subject always to Clause 8.3 (Current Issuer Post-Enforcement Priority of Payments) and the amount of such remuneration shall form part of the Current Issuer Secured Obligations and shall accordingly be secured on the Current Issuer Charged Property under the security created by this Current Issuer Deed of Charge.
The Note Trustee may pay over to such Receiver any monies constituting part of the Current Issuer Charged Property for the same to be applied for the purposes of this Current Issuer Deed of Charge by such Receiver and the Note Trustee may from time to time determine what funds the Receiver shall be at liberty to keep in hand with a view to the performance of its duties as such Receiver.
The obligations of the Current Issuer to make such payments hereunder will be limited to such sums and the proceeds of realisation of the Current Issuer Charged Property (net as aforesaid) and the parties hereto will have no further recourse in respect thereof.
The parties hereto look solely to such sums and proceeds and the rights of the Current Issuer in respect of the Current Issuer Charged Property (net as aforesaid) for payments to be made by the Current Issuer.
The Bond Trustee is exempted from any liability in respect of any loss, diminution in value or theft of all or any part of the Issuer Charged Property, from any obligation to insure all or any part of the Issuer Charged Property (including, in either such case, any documents evidencing, constituting or representing the same or transferring any rights, benefits and/or obligations thereunder), or to procure the same to be insured.
Entry into possession of the Current Issuer Charged Property or any part thereof shall not render the Note Trustee or any Receiver of the Current Issuer liable to account as mortgagee in possession for anything except actual receipts.
Entry into possession of the Current Issuer Charged Property or any part thereof shall not render the Note Trustee or any Receiver of the Current Issuer liable to account as mortgagee or creditor in possession for anything except actual receipts.