Mortgage Trustee definition

Mortgage Trustee means the Person serving as trustee at the time under the First Mortgage.
Mortgage Trustee. Previously Delivered Mortgage Bonds," and "Trust Estate," Section 301 (20), Sections 301 (a) (v), (ix), (x) and (xi), Sections 301 (b) (ii) and (iii), Section 301 (d), and Sections 601(4) and (8), subject, in each case, to the release provisions provided for in Section 4.02 herein. In addition, on and after the Release Date, unless Substitute Mortgage Bonds are issued to secure the Notes, the Notes shall have the benefit of the additional covenants set forth in Article Three hereof.
Mortgage Trustee. Previously Delivered Mortgage Bonds," and "Trust Estate," Section 301 (20), Sections 301 (a) (v), (ix), (x) and (xi), Sections 301 (b) (ii) and (iii), Section 301 (d), and Sections 601(4) and (8).

Examples of Mortgage Trustee in a sentence

  • Principal of, Make-Whole Amount, if any, and interest on the First Mortgage Bonds are payable at the principal office of the Mortgage Trustee in Edison, New Jersey or at the Company’s option at the principal office of the Collateral Agent.

  • In addition, the First Mortgage Bonds shall be subject to mandatory redemption if the Company or the Mortgage Trustee is notified that an Event of Default under this Agreement has occurred and is continuing and that the principal amount of all Notes then outstanding has become due and payable in accordance with this Agreement.


More Definitions of Mortgage Trustee

Mortgage Trustee means U.S. Bank National Association, as trustee under the Mortgage Indenture.
Mortgage Trustee means JPMCB acting as mortgage trustee for the Secured Parties.
Mortgage Trustee is defined in Section 1.2.
Mortgage Trustee means the “Mortgagee” as defined in the applicable Vessel Fleet Mortgage.
Mortgage Trustee. Previously Delivered Mortgage Bonds," and "Trust Estate," Section 301(20), Sections 301 (a) (v), (ix), (x) and (xi), Sections 301 (b) (ii) and (iii), and Section 301 (d). In addition, the Events of Default set forth in Sections 601(4) and 601 (8) of the Original Indenture shall not apply to this Note. The omission by the Company to pay interest on this Note during a Deferral Period as permitted by Section 204 of said Seventh Supplemental Indenture shall not constitute an Event of Default under Section 601(l) of the Original Indenture. The Company shall have the right to redeem this Note at the option of the Company, without premium or penalty, in whole or in part, at any time on or after December 31, 2003 and prior to maturity at a redemption price equal to 100% of the principal amount redeemed plus the accrued and unpaid interest thereon to the date fixed for redemption. Any redemption pursuant to this paragraph will be made upon not less than 30 nor more than 60 days notice. If the Notes are only partially redeemed by the Company, the Notes will be redeemed pro rata or by lot or by any other method utilized by the Trustee; provided that if, at the time of redemption, the Notes are registered as a Global Note, the Depositary shall determine by lot the principal amount of such Notes held by each Note holder to be redeemed.
Mortgage Trustee means the Person serving as trustee at the time under either First Mortgage or a Substituted Mortgage.
Mortgage Trustee means U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association, as trustee under the Mortgage Indenture.