Examples of Mortgage Note Trustee in a sentence
Until certificates representing Mortgage Notes are ready for delivery, the Issuers may prepare and the Mortgage Note Trustee, upon receipt of an Authentication Order, shall authenticate temporary Mortgage Notes.
The Issuers shall promptly notify the Mortgage Note Trustee when the Mortgage Notes are listed on any stock exchange.
The Mortgage Note Trustee and no one else shall cancel all Mortgage Notes surrendered for registration of transfer, exchange, payment, replacement or cancellation and shall destroy cancelled Mortgage Notes (subject to the record retention requirement of the Exchange Act).
The Mortgage Note Trustee may, to the extent permitted by Sections 7.01 and 7.02 hereof, accept as conclusive evidence of compliance with the foregoing provisions the appropriate statements contained in such documents and such Opinion of Counsel.
The Mortgage Note Trustee may adjourn any public or private sale from time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned.
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.
Failure by the Mortgage Note Trustee to so notify the Issuers shall not relieve the Issuers or any Mortgage Note Guarantor of its obligations hereunder.
However, the Mortgage Note Trustee may refuse to follow any direction that conflicts with law, this Indenture or the Intercreditor Agreement that the Mortgage Note Trustee determines may be unduly prejudicial to the rights of other Holders of Mortgage Notes or that may involve the Mortgage Note Trustee in personal liability.
The Issuers shall notify the Mortgage Note Trustee in writing of the amount of defaulted interest proposed to be paid on each Mortgage Note and the date of the proposed payment.
The Registrar and Paying Agent shall forward to the Mortgage Note Trustee any Mortgage Notes surrendered to them for registration of transfer, exchange or payment.