ACCEPTANCE OF CAP CONTRACTS BY INDENTURE TRUSTEE Sample Clauses
The "Acceptance of Cap Contracts by Indenture Trustee" clause defines the process by which the indenture trustee formally acknowledges and agrees to the terms of cap contracts associated with a financial transaction. Typically, this involves the trustee reviewing the cap contracts, confirming their validity, and assuming certain administrative or oversight responsibilities as specified in the agreement. This clause ensures that the trustee is legally bound to recognize and enforce the cap contracts, thereby providing assurance to other parties that these agreements are integrated into the overall transaction structure and will be properly managed.
ACCEPTANCE OF CAP CONTRACTS BY INDENTURE TRUSTEE. The Issuer hereby directs the Indenture Trustee to execute, deliver and perform its obligations under the Cap Contracts on the Closing Date and thereafter on behalf of the Holders of the Notes. The Issuer and the Holders of the Notes by their acceptance of such Notes acknowledge and agree that the Indenture Trustee shall execute, deliver and perform its obligations under the Cap Contracts and shall do so solely in its capacity as Indenture Trustee of the Trust and not in its individual capacity. The Indenture Trustee acknowledges receipt of the Cap Contracts and declares that it holds and will continue to hold these documents and any amendments, replacements or supplements thereto and all other assets of the Trust Estate as Indenture Trustee in trust for the use and benefit of all present and future Holders of the Notes. Every provision of this Indenture affording protection to the Indenture Trustee shall apply to the Indenture Trustee's execution of the Cap Contracts and the performance of its duties and satisfaction of its obligations thereunder.
ACCEPTANCE OF CAP CONTRACTS BY INDENTURE TRUSTEE. The Indenture Trustee is hereby authorized and directed to enter into the Cap Contracts. The Indenture Trustee acknowledges receipt of the Cap Contracts and declares that it holds and will continue to hold these documents and any amendments, replacements or supplements thereto and all other assets of the Trust Estate as Indenture Trustee in trust for the use and benefit of all present and future Holders of the Notes. Every provision of this Indenture affording protection to the Indenture Trustee shall apply to the Indenture Trustee's execution of the Cap Contracts and the performance of its duties and satisfaction of its obligations thereunder.