Examples of Mortgage Note Trustee in a sentence
The Mortgage Note Trustee shall deliver such Definitive Notes to the Persons in whose names such Mortgage Notes are so registered.
This Section does not apply to a suit by the Mortgage Note Trustee, a suit by a Holder of a Mortgage Note pursuant to Section 6.07 hereof, or a suit by Holders of more than 10% in principal amount of the then outstanding Mortgage Notes.
If the Mortgage Note Trustee resigns or is removed or if a vacancy exists in the office of Mortgage Note Trustee for any reason, the Issuers shall promptly appoint a successor Mortgage Note Trustee.
The Issuers shall give prompt written notice to the Mortgage Note Trustee of any such designation or rescission and of any change in the location of any such other office or agency.
Any such demand, notice, communication or report shall be deemed to have been given pursuant to this Agreement when delivered personally, when confirmed if by facsimile or on the business day after deposit with a reputable overnight courier service, as the case may be.
The Mortgage Note Trustee is also subject to Sections 7.10 and 7.11 hereof.
The Issuers shall furnish to the Mortgage Note Trustee, prior to each proposed release of Note Collateral pursuant to the Collateral Documents (i) all documents required by TIA ss.314(d) and (ii) an Opinion of Counsel in the United States, which may be rendered by internal counsel to the Issuers, to the effect that, subject to customary assumptions and exclusions, such accompanying documents constitute all documents required by TIA ss.314(d).
The Mortgage Note Trustee may make reasonable rules for action by or at a meeting of Holders.
The Issuers and the Mortgage Note Guarantors shall pay and indemnify the Mortgage Note Trustee against any tax, fee or other charge imposed on or assessed against the cash or non-callable Government Securities deposited pursuant to Section 8.04 hereof or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of the outstanding Mortgage Notes.
If required by the Mortgage Note Trustee or the Issuers, an indemnity bond must be supplied by the Holder that is sufficient in the judgment of the Mortgage Note Trustee and the Issuers to protect the Issuers, the Mortgage Note Trustee, any Agent and any authenticating agent from any loss that any of them may suffer if a Mortgage Note is replaced.