Default Under the Trust Indenture definition

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Default Under the Trust Indenture. With respect to any MBS, any condition, occurrence or event which, if continued for any specified period of time after the giving of any requisite notice, would be an “Event of Default” under Section 9.03 (or any similar provision) of the Trust Indenture pursuant to which such MBS was issued. Depository: The Depository Trust Company, a New York-chartered limited purpose trust company, or any successor depository selected or approved by ▇▇▇▇▇▇ Mae.

Default Under the Trust Indenture. With respect to any MBS or SMBS, any condition, occurrence or event which, if continued for any specified period of time after the giving of any

Examples of Default Under the Trust Indenture in a sentence

In the event that, as to any MBS, there shall be a Default Under the Trust Indenture or an Event of Default Under the Trust Indenture, the Holders of the Certificates of the related Classes may, in the event that the Trustee shall not take any such action on their behalf, give such notice and take such action as certificateholders under such Trust Indenture shall be permitted to take in respect thereof.
In the event that, as to any MBS or SMBS, there shall be a Default Under the Trust Indenture or an Event of Default Under the Trust Indenture, the Holders of the Certificates of the related Classes may, in the event that the Trustee shall not take any such action on their behalf, give such notice and take such action as certificateholders under such Trust Indenture shall be permitted to take in respect thereof.
In the event that, as to any MBS, there shall be a Default Under the Trust Indenture or an Event of Default Under the Trust Indenture, the Holders of the Certificates of the related Group of Classes may, in the event that the Trustee shall not take any such action on their behalf, give such notice and take such action as certificateholders under such Trust Indenture shall be permitted to take in respect thereof.
In the event that, as to any MBS, there shall be a Default Under the Trust Indenture or an Event of Default Under the Trust Indenture, the Holders of the related Group of Certificates may, in the event that the Trustee shall not take any such action on their behalf, give such notice and take such action as certificateholders under such Trust Indenture shall be permitted to take in respect thereof.
In the event that, as to any SMBS, there shall be a Default Under the Trust Indenture or an Event of Default Under the Trust Indenture, the Holders of the Certificates of the related Classes may, in the event that the Trustee shall not take any such action on their behalf, give such notice and take such action as certificateholders under such Trust Indenture shall be permitted to take in respect thereof.
In the event that, as to any MBS, there shall be a Default Under the Trust Indenture or an Event of Default Under the Trust Indenture, the Holders of Certificates relating to the MBS governed by such Trust Indenture may, in the event that the Trustee shall not take any such action on their behalf, give such notice and take such action as certificateholders under such Trust Indenture shall be permitted to take in respect thereof.
In the event that, as to any ▇▇▇▇▇▇ ▇▇▇ Security, there shall be a Default Under the Trust Indenture or an Event of Default Under the Trust Indenture, the Holders of Certificates may, in the event that the Trustee shall not take any such action on their behalf, give such notice and take such action as certificateholders under such Trust Indenture shall be permitted to take in respect thereof.
In the event that, as to any MBS, there shall be a Default Under the Trust Indenture or an Event of Default Under the Trust Indenture, the Holders of Group 1 Certificates may, in the event that the Trustee shall not take any such action on their behalf, give such notice and take such action as certificateholders under such Trust Indenture shall be permitted to take in respect thereof.
In the event that, as to any MBS or SMBS, as applicable, there shall be a related Default Under the Trust Indenture, the Holders of the Certificates of the related Classes may, in the event that the Trustee shall not take any such action on their behalf, give such notice and take such action as certificateholders under such Trust Indenture shall be permitted to take in respect thereof.
In the event that, as to the MBS, there shall be a Default Under the Trust Indenture or an Event of Default Under the Trust Indenture, the Holders of the Certificates may, in the event that the Trustee shall not take any such action on their behalf, give such notice and take such action as certificateholders under such Trust Indenture shall be permitted to take in respect thereof.

More Definitions of Default Under the Trust Indenture

Default Under the Trust Indenture. With respect to any MBS or SMBS, any condition, occurrence or event which, if continued for any specified period of time after the giving of any requisite notice, would be an “Event of Default” under the Trust Indenture pursuant to which such MBS or SMBS, as applicable, was issued.

Default Under the Trust Indenture. With respect to any ▇▇▇▇▇▇ Mae Security, any condition, occurrence or event which, if continued for a specified period of time after the giving of any requisite notice, would be an “Event of Default” under Section 9.03 (or any similar provision) of the Trust Indenture pursuant to which such ▇▇▇▇▇▇ ▇▇▇ Security was issued. Depository: The Depository Trust Company, a New York-chartered limited purpose trust company, or any successor depository selected or approved by ▇▇▇▇▇▇ Mae.

Default Under the Trust Indenture. With respect to any SMBS, any condition, occurrence or event which, if continued for any specified period of time after the giving of any requisite notice, would be an “Event of Default” under Section 9.03 (or any similar provision) of the Trust Indenture pursuant to which such SMBS was issued.

Default Under the Trust Indenture. With respect to any MBS, any condition, occurrence or event which, if continued for any specified period of time after the giving of any requisite Depository: The Depository Trust Company, a New York-chartered limited purpose trust company, or any successor depository selected or approved by ▇▇▇▇▇▇ Mae.