First Priority Indenture Trustee definition
Examples of First Priority Indenture Trustee in a sentence
In the event of any conflict between the terms of the Intercreditor Agreement and this Agreement, the terms of the Intercreditor Agreement shall govern and control as between the First Priority Collateral Trustee, the First Priority Indenture Trustee and any other First Priority Claimholders and the Second Priority Collateral Trustee, the Second Priority Indenture Trustee and any other Second Priority Claimholders.
In the event of any conflict between the terms of the Intercreditor Agreement and this Agreement, the terms of the Intercreditor Agreement shall govern and control as between the First Priority Collateral Trustee, the First Priority Indenture Trustee, the Second Priority Collateral Trustee, the Second Priority Indenture Trustee, and any other Second Priority Holders (as such terms are defined in the Intercreditor Agrement).
Upon the request of any First Priority Holder, the First Priority Indenture Trustee shall deliver such information to such First Priority Holder.
The Common Representative shall not be liable with respect to any action taken by it, or omitted to be taken by it, in accordance with the direction of the First Priority Indenture Trustee, the Second Priority Indenture Trustee, or the Beneficial Owners of the Second Priority Securities to the extent such direction is expressly permitted or required in Article 4 hereof.
Each reference in this First Priority Indenture to authentication by the First Priority Indenture Trustee includes authentication by an Authenticating Agent.
Any application by the First Priority Indenture Trustee for written instructions from the Company may, at the option of the First Priority Indenture Trustee, set forth in writing any action proposed to be taken or omitted by the First Priority Indenture Trustee under this First Priority Indenture and the date on or after which such action shall be taken or such omission shall be effective.
The provisions of this Section 6.7(b) shall not apply to any claims, demands, expenses, losses, damages, taxes, or liabilities incurred through or resulting from the gross negligence, bad faith or willful misconduct of the First Priority Indenture Trustee or any of its officers, directors, attorneys-in-fact, or agents.
If the First Priority Indenture Trustee is a corporation included in a bank holding company system, then the First Priority Indenture Trustee, independently of the bank holding company, shall meet the capital requirements of TIA Section 310(a)(2).
Upon distribution to the First Priority Indenture Trustee of all money and Property that shall have been delivered by the Company to the Paying Agents, the Paying Agents (if other than the Company) shall have no further liability for such money or Property.
The parties to this First Priority Indenture agree that they will provide the First Priority Indenture Trustee with such information as it may reasonably request in order for the First Priority Indenture Trustee to satisfy the requirements of the USA Patriot Act.