Examples of Holders of Obligations in a sentence
Under current practice, the Comptroller delivers net tax collections monthly directly to the Trustee for the benefit of the Holders of Obligations under the Master Debt Resolution.
Each Guarantor acknowledges and agrees that this subordination is intended to benefit the Administrative Agent and the other Holders of Obligations and shall not limit or otherwise affect such Guarantor’s liability hereunder or the enforceability of this Guaranty, and that the Administrative Agent, the other Holders of Obligations and their respective successors and assigns are intended third party beneficiaries of the waivers and agreements set forth in this Section 7(A).
Except as hereinafter provided, at any time, in its discretion, the Trustee may waive any Event of Default hereunder and its consequences and shall do so upon the written request of the Holders of Obligations of least a majority in aggregate principal amount of Obligations Outstanding.
Make any Obligation redeemable other than in accordance with its terms; (iii) Create a preference or priority of one Obligation over any other Obligation; or(iv) Reduce the aggregate principal amount of Obligations the consent of the Holders of which is required to authorize any such supplement without the unanimous written consent of the Holders of Obligations then Outstanding affected (in the sole determination of the Master Trustee)by such supplement.
Under current practice, the Comptroller delivers net tax collections monthly directly to the Trustee for the benefit of the Holders of Obligations under the Master Debt Resolution.The Trustee is required to deposit money received from the Comptroller to the Gross Sales Tax Revenue Fund.