Examples of Trustee Indemnity Letter in a sentence
Subject to and without prejudice to Base Condition 9.4 and the Transaction Agreements, if at any time the Calculation Agent does not make a required determination, the Trustee will, subject to its being indemnified and/or secured and/or pre-funded to its satisfaction or provided with a Trustee Indemnity Letter, appoint an agent on its behalf to do so and the Calculation Agent will be deemed to have made such determination.
The Trustee is entitled, under the terms of the Trustee Indemnity Letter, to require to be put into funds in an amount which it deems necessary or desirable to meet the anticipated amount of any expenses and liabilities (or potential liability) properly incurred or to be properly incurred.
Noteholder put option where Trustee has not declared the Notes due and payable following an Event of Default: Upon an Event of Default, the Trustee will not be bound to declare the Notes due and payable unless it has been either secured and/or prefunded to its satisfaction or provided with a Trustee Indemnity Letter.
If an Event of Default occurs the Trustee (a) may at its discretion, and (b) shall if so directed by an Extraordinary Resolution and subject, in each case to it being, either secured and/or prefunded to its satisfaction or provided with a Trustee Indemnity Letter, give notice to the Issuer that the Notes are, and they will immediately become, due and payable at their Mandatory Redemption Amount.
The Programme Deed contains a form of Trustee Indemnity Letter agreed with the Trustee, which sets out the terms of the indemnity to be provided by an entity with a creditworthiness reasonably satisfactory to the Trustee before the Trustee is required to act.
The Programme Deed contains a form of Trustee Indemnity Letter agreed with the Trustee, which sets out the terms of the indemnity to be provided by an entity with a creditworthiness satisfactory to the Trustee (as determined by the Trustee’s credit department in accordance with its usual practices for assessing creditworthiness) before the Trustee is required to act.
If at any time the Calculation Agent does not make a required determination, the Trustee will, subject to its being indemnified and/or secured and/or pre-funded to its satisfaction or provided with a Trustee Indemnity Letter, do so (or will appoint an agent on its behalf to do so) and the Calculation Agent will be deemed to have made such determination.
If an Event of Default occurs, the Trustee (a) may at its discretion, and (b) shall if so directed by an Extraordinary Resolution and if either secured and/or prefunded to its satisfaction or provided with a Trustee Indemnity Letter, give notice to the Issuer that the Notes are, and they will immediately become, due and payable at their Mandatory Redemption Amount.
The Programme Deed contains a form of Trustee Indemnity Letter agreed with the Trustee, which sets out the terms of the indemnity to be provided by Noteholders before the Trustee is required to act.
However, the City may utilize or submit similar Preliminary Legislation enacted by the City in the City format for this project.