Eligible Instruments definition
Examples of Eligible Instruments in a sentence
Each of the Issuer and the Guarantor shall jointly and severally pay and shall jointly and severally indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the deposited Eligible Instruments or the principal or interest received on such Eligible Instruments.
The Trustee and any Paying Agent shall promptly pay to the Issuer upon Issuer Request or the Guarantor upon Guarantor Request, as applicable, any money or Eligible Instruments not required for the payment of the principal of (and premium, if any) and interest on the Debt Securities of any series and any related coupons for which money or Eligible Instruments have been deposited pursuant to Section 1501 held by them at any time.
The Issuer and the Guarantor shall jointly and severally pay and jointly and severally indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the Eligible Instruments deposited pursuant to this Article IV or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of Outstanding Debt Securities.