Collateral Trust Mortgage definition

Collateral Trust Mortgage on properties or assets of the Borrower to secure bonds, notes and other obligations of the Borrower but only to the extent such Liens, collectively, secure Indebtedness, whether now existing or hereafter created, in an aggregate amount no greater than the aggregate amount of first mortgage bonds permitted to be issued under the First Mortgage;
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Collateral Trust Mortgage shall have the meaning ascribed to such term in Section 6.01(c).
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Collateral Trust Mortgage means the mortgage dated as of the date hereof between the Company and the Collateral Trustee, as the same may be amended, amended and restated, supplemented or otherwise modified from time to time.
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Examples of Collateral Trust Mortgage in a sentence

  • This bond shall not be transferable by the Collateral Trust Trustee, except to a successor trustee under the Collateral Trust Mortgage.

  • The Trustee shall not sell, assign or transfer the Collateral Trust Mortgage Bonds except to a successor trustee under this Indenture.

  • The Trustee shall, as the holder of the Collateral Trust Mortgage Bonds, attend such meeting or meetings of holders of collateral trust mortgage bonds issued under the Company Mortgage or, at its option, deliver its proxy in connection therewith, as it relates to matters with respect to which it is entitled to vote or consent.

  • Upon the occurrence and continuance of an Event of Default, the Trustee may, in addition or as an alternative, pursue any available remedy by suit at law or in equity (including as a holder of the Collateral Trust Mortgage Bonds) to enforce the payment of the principal of and premium, if any, and interest on the Bonds then outstanding hereunder, then due and payable.

  • In the event that a payment on the Collateral Trust Mortgage Bonds shall have become due and payable and shall not have been fully paid after the expiration of the applicable grace period, the Trustee shall immediately give notice thereof to the Company Mortgage Trustee specifying the amount of funds required to make such payment.

  • The Trustee shall incur no liability for failure to give any such notice and such failure shall have no effect on the obligations of the Company on the Collateral Trust Mortgage Bonds or on the rights of the Trustee or of the bondholders.

  • The Trustee shall surrender Collateral Trust Mortgage Bonds to the Company Mortgage Trustee in accordance with the provisions of Section 5.9(d) and (e) of the Loan Agreement.

  • This Bond is a Class A Bond (as defined in the Collateral Trust Mortgage) issued under the ELL Mortgage (as defined in the Collateral Trust Mortgage).

  • The Company hereby assents to such assignments and agrees that the Trustee may exercise and enforce in accordance with the Indenture any of the rights of the Authority under this Agreement or the Collateral Trust Mortgage Bonds.

  • The Company shall issue and deliver to the Issuer Collateral Trust Mortgage Bonds as provided in subsection (b) of this Section 5.9.