Temporary Offered Notes. Pending the preparation of Definitive Notes, the Issuer may execute, and upon its written direction, the Indenture Trustee may authenticate and make available for delivery, temporary Offered Notes that are printed, lithographed, typewritten, photocopied or otherwise produced, in any denomination, substantially of the tenor of the Definitive Notes in lieu of which they are issued and with such appropriate insertions, omissions, substitutions and other variations as the officers executing such Offered Notes may determine, as evidenced by their execution of such Term Notes. If temporary Offered Notes are issued, the Issuer shall cause Definitive Notes to be prepared without unreasonable delay. After the preparation of the Definitive Notes, the temporary Offered Notes shall be exchangeable for Definitive Notes upon surrender of such temporary Offered Notes at the office or agency of the Indenture Trustee, without charge to the related Offered Noteholder. Upon surrender for cancellation of any one or more temporary Offered Notes, the Issuer shall execute and the Indenture Trustee shall authenticate and make available for delivery, in exchange therefor, Definitive Notes of authorized denominations and of like tenor and aggregate principal amount. Until so exchanged, such temporary Offered Notes shall in all respects be entitled to the same benefits under this Indenture as Definitive Notes.
Appears in 8 contracts
Sources: Indenture (Bear Stearns Asset Backed Securities Inc), Indenture (Bear Stearns Asset Backed Securities Inc), Indenture (Irwin Home Equity Loan Trust 2004-1)
Temporary Offered Notes. Pending the preparation of Definitive Notes, the Issuer Issuing Entity may execute, and upon its written direction, the Indenture Trustee may authenticate and make available for delivery, temporary Offered Notes that are printed, lithographed, typewritten, photocopied or otherwise produced, in any denomination, substantially of the tenor of the Definitive Notes in lieu of which they are issued and with such appropriate insertions, omissions, substitutions and other variations as the officers executing such Offered Notes may determine, as evidenced by their execution of such Term Notes. If temporary Offered Notes are issued, the Issuer Issuing Entity shall cause Definitive Notes to be prepared without unreasonable delay. After the preparation of the Definitive Notes, the temporary Offered Notes shall be exchangeable for Definitive Notes upon surrender of such temporary Offered Notes at the office or agency of the Indenture Trustee, without charge to the related Offered Noteholder. Upon surrender for cancellation of any one or more temporary Offered Notes, the Issuer Issuing Entity shall execute and the Indenture Trustee shall authenticate and make available for delivery, in exchange therefor, Definitive Notes of authorized denominations and of like tenor and aggregate principal amount. Until so exchanged, such temporary Offered Notes shall in all respects be entitled to the same benefits under this Indenture as Definitive Notes.
Appears in 2 contracts
Sources: Indenture (Bear Stearns Asset Backed Securities I LLC), Indenture (Bear Stearns Asset Backed Securities I LLC)