Registered Owners definition
Examples of Registered Owners in a sentence
The Foundation shall not by reason of the payment of Net Proceeds for such destruction or damage be entitled to any reimbursement from the Authority, the Trustee or the Registered Owners of the Bonds or any postponement, abatement or diminution of the Loan Payments and other payments required to be made under this Loan Agreement.
In the event any provision of this Loan Agreement requires the approval, consent, or action by the Trustee, the Trustee must undertake to grant or deny such approval or consent, or perform such action, only subject to and as directed by the terms of the Indenture, and may, in the Trustee’s sole discretion, require direction of the Registered Owners of a majority in aggregate principal amount of the Bonds then Outstanding prior to undertaking any such approval, consent, or action.
The foregoing covenant shall remain in full force and effect notwithstanding the payment in full or defeasance of the Bonds until the expiration of statutes of limitations applicable to the liability of the Registered Owners of the Bonds for federal and state income taxes with respect to interest on the Bonds.
The obligations of the Foundation hereunder, other than amounts to be paid pursuant to Section 5.02(d) and (f) hereof and amounts payable pursuant to the indemnification provisions of Sections 8.06 and 10.04 hereof, are not general obligations of the Foundation, and none of the Trustee, the Authority or the Registered Owners shall have any recourse to any Property, funds or assets of the Foundation (other than the Pledged Revenues and the Facility) with respect to such obligations.
Such rights and remedies given the Authority hereunder shall also extend to the Trustee and the Registered Owners of the Bonds, subject to the Indenture.