Common use of Reports to the Property Trustee Clause in Contracts

Reports to the Property Trustee. The Depositor and the Administrative Trustees on behalf of the Trust shall provide to the Property Trustee such documents, reports and information as required by Section 314 of the Trust Indenture Act (if any) and the compliance certificate required by Section 314(a) of the Trust Indenture Act in the form in the manner and at the times required by Section 314 of the Trust Indenture Act. Delivery of such reports, information and documents to the Property Trustee is for information purposes only and the Property Trustee's receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Depositor's compliance with any of its covenants hereunder (as to which the Property Trustee is entitled to rely exclusively on Officers' Certificates). The Depositor shall transmit to Securityholders, in the manner and to the extent provided in Section 313(c) of the Trust Indenture Act, such summaries of the above-referenced materials as may be required by Section 314(a)(3) of the Trust Indenture Act.

Appears in 6 contracts

Samples: Trust Agreement (Apab Capital Trust I), Trust Agreement (Metropolitan Capital Trust I), Trust Agreement (Crescent Capital Trust I)

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Reports to the Property Trustee. The Depositor and the Administrative Trustees on behalf of the Trust shall provide to the Property Trustee such documents, reports and information as required by Section 314 of the Trust Indenture Act (if any) and the compliance certificate required by Section 314(a) of the Trust Indenture Act in the form form, in the manner and at the times required by Section 314 of the Trust Indenture Act. Delivery of such reports, information and documents to the Property Trustee is for information purposes only and the Property Trustee's receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Depositor's compliance with any of its covenants hereunder (as to which the Property Trustee is entitled to rely exclusively on Officers' Certificates). The Depositor shall transmit to Securityholders, in the manner and to the extent provided in Section 313(c) of the Trust Indenture Act, such summaries of the above-referenced materials as may be required by Section 314(a)(3) of the Trust Indenture Act.

Appears in 5 contracts

Samples: Trust Agreement (Southern Community Financial Corp), Trust Agreement (American Community Bancshares Inc), Trust Agreement (Southern Community Financial Corp)

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Reports to the Property Trustee. The Depositor and the Administrative Trustees on behalf of the Trust shall provide to the Property Trustee such documents, reports and information as required by Section 314 of the Trust Indenture Act (if any) and the compliance certificate required by Section 314(a) of the 41 Trust Indenture Act in the form form, in the manner and at the times required by Section 314 of the Trust Indenture Act. Delivery of such reports, information and documents to the Property Trustee is for information purposes only and the Property Trustee's receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Depositor's compliance with any of its covenants hereunder (as to which the Property Trustee is entitled to rely exclusively on Officers' Certificates). The Depositor shall transmit to Securityholders, in the manner and to the extent provided in Section 313(c) of the Trust Indenture Act, such summaries of the above-referenced materials as may be required by Section 314(a)(3) of the Trust Indenture Act.

Appears in 1 contract

Samples: Trust Agreement (Carolina Bank Holdings Inc)

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