Examples of Underlying Trustees in a sentence
The Trustee shall present the documents described in Section 2.01 for registration of transfer of the Underlying Securities, pursuant to the requirements under the related Underlying Agreements, to the related Underlying Trustees, immediately following the Closing Date.
Cause the Spread Account Depositor not to incur, create, assume, suffer to exist or otherwise become liable with respect to any Debt other than Debt in favor of FSA and/or the Underlying Trustees created or permitted under or pursuant to the terms of any of the Underlying Transaction Documents.
The Borrower is 100% owned by NAFI, and each of the 1997-1 Trust and 1998-1 Trust are 100% owned by the Borrower, and (a) each Underlying Trustee has so registered the Borrower as the sole owner of the Underlying Trust related to it upon such Underlying Trustee's books and records and (b) the owner trustee of the Borrower has registered NAFI as the sole owner of the Borrower on such owner trustee's books and records.
No failure or delay on the part of Senior Lien Holder, FSA or the Underlying Trustees in the exercise of any power, right or privilege under this Agreement or any of the other Underlying Transaction Documents shall impair such power, right or privilege or be construed to be a waiver of any default or acquiescence therein, nor shall any single or partial exercise of any such power, right or privilege preclude other or further exercise thereof or of any other right, power or privilege.
In addition, the foregoing is not intended to limit the rights of FSA or the Underlying Trustees pursuant to the Underlying Transaction Documents.
No failure or delay on the part of the Senior Lien Holders, FSA or the Underlying Trustees in the exercise of any power, right or privilege under this Subordination Agreement or any of the other Underlying Transaction Documents shall impair such power, right or privilege or be construed to be a waiver of any default or acquiescence therein, nor shall any single or partial exercise of any such power, right or privilege preclude other or further exercise thereof or of any other right, power or privilege.
For purposes of this Subordination Agreement, the "SENIOR SECURED OBLIGATIONS" shall mean all indebtedness and other obligations of any kind of the Borrower or payable from the Borrower Collateral owed to each of the Underlying Trustees, the Senior Lien Holders, FSA and the Noteholders and Certificateholders in connection with the Underlying Transactions.
The Borrower is 100% owned by NAFI, and each of the 1997-1 Trust, 1998-1 Trust and the 1999-1 Trust are 100% owned by the Borrower, and (a) each Underlying Trustee has so registered the Borrower as the sole owner of the Underlying Trust related to it upon such Underlying Trustee's books and records and (b) the owner trustee of the Borrower has registered NAFI as the sole owner of the Borrower on such owner trustee's books and records.
For purposes of this Agreement, the "SENIOR SECURED OBLIGATIONS" shall mean all indebtedness and other obligations of any kind owed to each of the Underlying Trustees, Senior Lien Holder, FSA and the Noteholders and Certificateholders in connection with the Original Underlying Transaction Documents.