Trustee Obligations definition

Trustee Obligations the collective reference to the unpaid principal of and interest owing under the Indenture and the notes issued thereunder and all other obligations and liabilities of BIPCO and ▇▇▇▇▇ thereunder (including, without limitation, interest accruing at the then applicable rate provided in the Indenture and the notes issued thereunder after the maturity of the principal obligations owing thereunder and interest accruing at the then applicable rate provided in the Indenture and the notes issued thereunder after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to BIPCO or ▇▇▇▇▇, whether or not a claim for post-filing or post- petition interest is allowed in such proceeding), whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, the Indenture, the notes issued thereunder, this Agreement, or any other Subordinated Security Document, in each case whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all fees and disbursements of counsel to the Trustee that are required to be paid by the Borrower or ▇▇▇▇▇ pursuant to the terms of the Indenture or this Agreement or any other Subordinated Security Document).

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Trustee Obligations means in the event of any proceeding for the collection or enforcement of any indebtedness, obligations or liabilities of any Assignor in respect of the Senior Second Lien Note Obligations after an Event of Default shall have occurred and be continuing, the indemnities, fees and expenses of re-taking, holding, preparing for sale or lease, selling or otherwise disposing of or realizing on the Collateral, or of any exercise by the Senior Second Lien Notes Indenture Trustee of its rights, powers or duties under the Senior Second Lien Note Documents, together with reasonable attorneys’ fees and court costs.

Trustee Obligations means all obligations and liabilities of whatever kind undertaken or incurred by, or devolving upon, the Responsible Entity under or in respect of this Agreement; and "Assets" includes all assets, property and rights real and personal of any value whatsoever.

Examples of Trustee Obligations in a sentence

Concurrently with such acknowledgement, the BAI Agent will deliver to the Trustee if any Trustee Obligations shall be outstanding any items of such Collateral held in the possession of the BAI Agent, provided that if no Trustee Obligations are outstanding, the BAI Agent will deliver any such items of Collateral to the appropriate Loan Party.
Concurrently with such acknowledgement, the BIPCO Agent will deliver to the Trustee if any of the Trustee Obligations shall be outstanding, any items of such Collateral held in the possession of the BIPCO Agent, provided that if no Trustee Obligations shall be outstanding, the BIPCO Agent will deliver any such items of Collateral to the appropriate Loan Party.
Notwithstanding any provision of this Agreement limiting the rights of the holders of the Trustee Obligations in the Collateral, nothing in this Agreement shall prohibit BIPCO and ▇▇▇▇▇ from making payments in respect of the Trustee Obligations in the ordinary course of business, whether or not the cash with which such payments are made constitutes proceeds of Collateral.
The Depositor Eligible Lender Trustee hereby consents to the assumption by the Co-Owner Eligible Lender Trustee, as of the Closing Date, of all of its Depositor Eligible Lender Trustee Obligations.
The Co-Owner Eligible Lender Trustee hereby assumes, for the benefit of the Depositor Eligible Lender Trustee, all of the Depositor Eligible Lender Trustee Obligations, as evidenced by its execution and delivery of this Agreement.
Maintenance of Collateral; Collateral Trustee Obligations 127 Section 11.06.
Notwithstanding any other provision in this agreement, Service Company’s and Custodian’s obligations in relation to compliance with the Relevant Requirements as they apply to the Trustee and Trustee Obligations are only in relation to the provision of the Agreed Services and Custodial Services.
The Co-Owner Eligible Lender Trustee is the eligible lender trustee for the benefit of the Trust, and has all requisite power and authority under the Trust Agreement to enter into this Agreement, to assume the Depositor Eligible Lender Trustee Obligations and perform its obligations hereunder.
The parties undertake to cooperate with each other to diligently investigate and resolve any such inspection findings.
Each of the Trust and the Co-Owner Eligible Lender Trustee has the requisite power and authority to assume the Depositor Obligations and the Depositor Eligible Lender Trustee Obligations, to execute and deliver this Agreement and to perform their respective obligations hereunder.

More Definitions of Trustee Obligations

Trustee Obligations means the fees, costs, expenses and indemnification obligations of the Issuer to the Trustee provided for under Section 7.03 of this Indenture, regardless of whether such fees, costs, expenses or indemnification obligations are absolute or contingent, due or not due, liquidated or unliquidated and whether or not for the payment of money or the performance or nonperformance of any act.

Trustee Obligations has the meaning set forth in Section 12.02(a).