Examples of Underlying Trustee in a sentence
The Trustee hereunder shall at all times be the same Person as the Underlying Trustee or shall have an agreement with the Underlying Trustee to have access to the information relating to the Underlying Certificate Account in order to enable the Trustee to perform its duties under Section 3.06(a).
The Trustee shall make such determination on the basis of amounts on deposit in the Underlying Certificate Account (which Underlying Certificate Account it holds as Underlying Trustee) or on the basis of the agreement referred to in the last sentence of Section 5.07.
The Grantor Trustee may resign hereunder unless it shall also resign as Underlying Trustee under the Underlying Pooling and Servicing Agreement.
So long as the Issuer is required to report under the Exchange Act, each of the Indenture Trustee[, the Underlying Trustee] and the Owner Trustee shall promptly notify the Servicer, but in no event later than one (1) Business Day after its occurrence, of any Reportable Event of which such Person (or in the case of the Owner Trustee[, the Underlying Trustee] and the Indenture Trustee, a Responsible Officer of such Person) has actual knowledge.
The Servicer shall, during the period it is servicer hereunder, maintain such books of account and other records as will enable the Owner Trustee[, the Underlying Trustee] and the Indenture Trustee to determine the status of each Contract.