Trustee's Liens definition

Trustee's Liens has the meaning specified in Section 7.17.

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Trustee's Liens shall have the meaning specified therefor in Section 9.10.

Trustee's Liens means any Lien (within the meaning specified in Appendix A to the Participation Agreement) arising as a result of (a) any claim against the Pass Through Trustee or ____________, in its individual capacity, respectively, not resulting from the actions contemplated by the Operative Agreements (within the meaning specified in Appendix A to the Participation Agreement), (b) any act or omission of the Pass Through Trustee or ___________, in its individual capacity, respectively, which is not required or permitted by the Operative Agreements or is in violation of any of the terms of the Operative Agreements, (c) any claim against the Pass Through Trustee or _____________, in its individual capacity, respectively, with respect to Taxes (within the meaning specified in Appendix A to the Participation Agreement) or Transaction Costs (within the meaning specified in Appendix A to the Participation Agreement) against which Union is not required to indemnify the Pass Through Trustee, ______________, in its individual capacity, pursuant to the Participation Agreement or (d) any claim arising out of any transfer by the Pass Through Trustee, of all or any portion of its interests in the Equipment, the Trust Property or the Operative Agreements other than the transfer of title to or possession of any Equipment by the Pass Through Trustee pursuant to and in accordance with the applicable Equipment Trust Agreement or the Indenture or pursuant to the exercise of the remedies set forth in the Lease; provided, however, that any Trustee Lien which is attributable solely to the Pass Through Trustee or ____________, in its individual capacity and would otherwise constitute a Trustee Lien shall not constitute a Trustee Lien so long as (i) the existence of such Trustee Lien poses no material risk of the sale, forfeiture or loss of any Unit or any interest therein, including Equipment Notes, (ii) the existence of such Trustee Lien does not interfere in any way with the quiet enjoyment of any Unit by Union, as lessee and (iii) the Pass Through Trustee or ____________, in its individual capacity, is diligently contesting such Trustee Lien by appropriate proceedings.

Examples of Trustee's Liens in a sentence

The Trustee in its individual capacity agrees, in addition to the agreements contained in Section 7.17 of the Basic Agreement, that it will at its own cost and expense promptly take any action as may be necessary to duly discharge and satisfy in full any Trustee's Liens on or with respect to the Trust Property which is attributable to the Trustee in its individual capacity and which is unrelated to the transactions contemplated by the Intercreditor Agreement or the NPA.
The Trustee in its individual capacity agrees, in addition to the agreements contained in Section 7.17 of the Basic Agreement, that it will at its own cost and expense promptly take any action as may be necessary to duly discharge and satisfy in full any Trustee's Liens on or with respect to the Trust Property which is attributable to the Trustee in its individual capacity and which is unrelated to the transactions contemplated by the Intercreditor Agreement or the Note Purchase Agreement.
The Indenture Trustee, in its individual capacity, covenants and agrees that it will at its own expense take such action as may be necessary to duly discharge and satisfy in full, promptly, and in any event within 30 days, after the same shall first become known to it, any Indenture Trustee's Liens.
State Street Bank and Trust Company, in its individual capacity, agrees that it will promptly, at its own expense, take such action as may be necessary duly to discharge such Indenture Trustee's Liens.
State Street Bank and Trust Company, in its individual capacity, agrees to make restitution to the Owner for any actual diminution of the assets of the Collateral resulting from such Indenture Trustee's Liens.

More Definitions of Trustee's Liens

Trustee's Liens shall have the meaning assigned to such term in the Purchase Contract.

Trustee's Liens means the Liens granted by the Company and the Guarantors to the Trustee, for the benefit of the Holders of the Notes, under this Agreement, the Security Documents and the other Note Documents.

Trustee's Liens means the Liens granted by each Debtor to the Trustee under this Agreement or the other Indenture Documents to which such Debtor is a party.

Trustee's Liens. Means any Lien or disposition of title arising as a result of (i) claims against Texas Commerce Bank National Association not related to transactions contemplated by the Purchase Contract and Trust Agreement, (ii) any act or omission of Texas Commerce Bank National Association, which is not related to the transactions contemplated by the Purchase Contract and Trust Agreement or is in violation of any of the terms of the Purchase Contract and Trust Agreement, (iii) claims against Texas Commerce Bank National Association with respect to taxes or expenses against which El Paso is not required to indemnify, and which the Trustee is otherwise required to pay or (iv) claims against Texas Commerce Bank National Association arising out of any transfer of all or any portion of its interests in the Nuclear Fuel or the Trust Estate other than a transfer pursuant to the terms of the Trust Agreement or pursuant to the exercise of the remedies set forth in Section 19(b) of the Purchase Contract; Trustor. El Paso Electric Company, a Texas corporation, and its successors and assigns. Unit or Units. Palo Verde Nuclear Generating Station, Units 1, 2, and 3 located in Maricopa County, Arizona, including fuel handling and storage facilities relating thereto. No. These Supplemental Instructions are given pursuant to the Trust Agreement dated as of February 12, 1996 between El Paso Electric Company, as the Trustor, and Texas Commerce Bank National Association, as the Trustee.

Trustee's Liens means the Liens granted by Obligors to Trustee under this Agreement or the other Financing Documents and any other Liens at any time granted or assigned to Trustee by any Obligor under any of the Financing Documents.

Trustee's Liens has the meaning specified in Section 9.11 of the Indenture.

Trustee's Liens has the meaning specified in Section 7.17. ‘‘Underwriters’’ means the several underwriters listed as such in the Underwriting Agreement.