Issuer Estate definition
Examples of Issuer Estate in a sentence
As is provided in paragraph (b) of Section 3805 of the Act, no creditor of a Certificateholder shall have any right to obtain possession of, or otherwise exercise legal or equitable remedies with respect to, the Issuer Estate.
The Class R Certificates represent undivided, beneficial ownership interests in the Issuer Estate.
Christiana Bank & Trust Company nevertheless agrees that it will, at its own cost and expense (and not at the expense of the Issuer), promptly take all action as may be necessary to discharge any Liens on any part of the Issuer Estate which are attributable to actions by or claims against Christiana Bank & Trust Company that are not related to the ownership of any part of the Issuer Estate or the administration of the Issuer Estate or the transactions contemplated by this Agreement.
All payments to be made by the Issuer Certificate Agent on behalf of the Issuer under this Agreement or any of the documents to which the Issuer is a party shall be made only from the income and proceeds of the Issuer Estate and only to the extent that the Issuer shall have received income or proceeds from the Issuer Estate to make such payments in accordance with the terms hereof and the Indenture.
In addition, any such sale hereunder may apply to the Leasehold Estate only (subject to the Issuer Lease Agreement) or the entire Property (including, without limitation, the Leasehold Estate and the Issuer Estate) as the Collateral Agent may request.
All outstanding Class R Certificates shall share pari passu in the Issuer Estate and any distributions distributable to the Certificateholders therefrom, subject to the Lien of the Indenture on the Pledged Assets.