Examples of Ownership Certificate Holder in a sentence
Such direction may be exercised at any time by written instruction of the Ownership Certificate Holder pursuant to this Article V.
The Owner Trustee shall not have the power to commence or consent to a bankruptcy relating to the Trust without the prior approval of the Ownership Certificate Holder and the delivery to the Owner Trustee by the Ownership Certificate Holder of a certificate certifying that the Ownership Certificate Holder reasonably believes that the Trust is insolvent.
The Ownership Certificate Holder shall not direct the Owner Trustee to take or to refrain from taking any action if such action or inaction would be contrary to any obligation of the Trust or the Owner Trustee under this Agreement or any of the Operative Agreements or would be contrary to Section 2.03 nor shall the Owner Trustee be obligated to follow any such direction, if given.
So long as the Indenture remains in effect, the Ownership Certificate Holder shall not have the power to institute, and shall not institute, any bankruptcy with respect to the Trust or direct the Owner Trustee to take such action.
The Ownership Certificate Holder shall not direct the Owner Trustee to take action that would violate the provisions of this Section 5.05.
In addition, any third party creditors of the Trust (other than in connection with the obligations described in the following sentence for which the Ownership Certificate Holder shall be liable) shall be deemed third party beneficiaries of this paragraph.
The Ownership Certificate Holder shall be liable for any entity level taxes imposed on the Trust.
The obligations of the Ownership Certificate Holder under this paragraph shall be evidenced by the Ownership Certificate.
The Ownership Certificate Holder shall be liable directly to and shall indemnify any injured party for all losses, claims, damages, liabilities and expenses of the Trust (including Expenses, to the extent not paid out of the Trust Estate); provided, however, that the Ownership Certificate Holder shall not be liable for payments required to be made to or for any losses incurred by a Noteholder in the capacity of an investor in the Notes.
The Ownership Certificate Holder shall be liable directly to and shall indemnify any injured party for all losses, claims, damages, liabilities and expenses of the Trust (including Expenses, to the extent not paid out of the Trust Fund); provided, however, that the Ownership Certificate Holder shall not be liable for payments required to be made to or for any losses incurred by a Noteholder in the capacity of an investor in the Notes.