Bondholders. The Lessee shall not enter into any transaction constituting a consolidation, merger, conveyance, transfer, lease or dividend not permitted by Section l0(b)(3)(ii), irrespective of any consent or waiver of the Owner Participant, unless immediately after giving effect to such transaction, the Bonds (or, if the Bonds are not then rated, the preferred stock of the Surviving Lessee), after giving effect to such transaction, shall be rated at least "investment grade" by Standard & Poor's Corporation and Xxxxx'x Investors Service, Inc.
Bondholders. Exclusive of supplemental indentures covered by Section 10.01 hereof, the owners of not less than the Requisite Percentage of Bonds then Outstanding and affected thereby shall have the right, from time to time, to consent to and approve the execution by the Issuer and the Bond Trustee of such indenture or indentures supplemental hereto as shall be deemed necessary or desirable by the Issuer for the purpose of modifying, altering, amending, adding to, or rescinding, in any particular, any of the terms or provisions contained in this Bond Indenture; provided, however, that without the consent of the owners of all the Bonds at the time Outstanding nothing herein contained shall permit, or be construed as permitting any of the following:
Bondholders. To the fullest extent permitted by applicable law, the Issuer and the Trustee may deem and treat the person or persons in whose name or names any Bond is registered in the Register for the purpose of making payments and all other purposes as the absolute owner thereof (whether or not such Bond shall be overdue and notwithstanding any notice which any person may have of the right, title, interest or claim of any other person thereto).
Bondholders. The Trustee's name shall be placed on the title to such REO Property solely as the Trustee under the Indenture and not in its individual capacity. The Master Servicer shall ensure that the title to such REO Property references the Indenture and the Trustee's capacity thereunder. Pursuant to its efforts to sell such REO Property, the Master Servicer shall either itself or through an agent selected by the Master Servicer protect and conserve such REO Property in the same manner and to such extent as is customary in the locality where such REO Property is located and may, incident to its conservation and protection of the interests of the Bondholders, rent the same, or any part thereof, as the Master Servicer deems to be in the best interest of the Bondholders for the period prior to the sale of such REO Property. The net monthly rental income, if any, from such REO Property shall be deposited in the Bond Account no later than the close of business on each Determination Date. The Master Servicer shall perform the tax reporting and withholding required by Sections 1445 and 6050J of the Code with respect to foreclosures and abandonments, the tax reporting required by Section 6050H of the Code with respect to the receipt of mortgage interest from individuals and, if required by Section 6050P of the Code with respect to the cancellation of indebtedness by certain financial entities, by preparing such tax and information returns as may be required, in the form required, and delivering the same to the Trustee for filing. The decision of the Master Servicer to foreclose on a defaulted Pledged Mortgage shall be subject to a determination by the Master Servicer that the proceeds of such foreclosure would exceed the costs and expenses of bringing such a proceeding. The income earned from the management of any REO Properties, net of reimbursement to the Master Servicer for expenses incurred (including any property or other taxes) in connection with such management and net of unreimbursed Master Servicing Fees, Servicing Fees, Advances, Servicer Advances and Servicing Advances, shall be applied to the payment of principal of and interest on the related defaulted Pledged Mortgages (with interest accruing as though such Pledged Mortgages were still current and adjustments, if applicable, to the Mortgage Rate were being made in accordance with the terms of the Mortgage Note) and all such income shall be deemed, for all purposes in this Agreement, to be payments on account o...
Bondholders. Bondholders shall be grouped into one body enjoying civil personality in accordance with article 293 of the law dated July 24, 1966 with respect to commercial companies. The meetings shall take place at the Issuer's registered office or at any other location fixed in the notices or letters of convening.
Bondholders. The Member Entities agree and acknowledge that this Agreement is made for the benefit of the Holders of the Debt Obligations to which the Pledged Revenues are pledged as a source of repayment. At any time during which one or more of the Member Entities is in breach or default of its respective obligations hereunder, the Holders of the Debt Obligations may enforce the terms and conditions of this Agreement including, without limitation, by securing a court order directing the Member Entity to disburse the Pledged Revenues to the Flood Diversion Board of Authority. In addition to the foregoing, the Holders of the Debt Obligations shall have all other rights available to it at law or in equity, and all of the rights and remedies provided hereunder are deemed cumulative and not exclusive of any rights or remedies provided by law or otherwise available to the Holders of the Debt Obligations.