Guarantor Trustee definition

Guarantor Trustee means, with respect to each subclass of Guarantor Securities the Person appointed, at the time of determination, as the trustee of such subclass of Guarantor Securities in accordance with the Guarantor Indenture. The initial Guarantor Trustee is Deutsche Bank Trust Company Americas.

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Guarantor Trustee for the purposes of this Section 8.2 shall include any predecessor Guarantee Trustee; provided, however, that the negligence, willful misconduct or bad faith of any Guarantee Trustee shall not affect the rights of any other Guarantee Trustee hereunder.

Guarantor Trustee means (i) WML, as responsible entity and trustee of Westfield Trust, (ii) WAML, as responsible entity and trustee of Westfield America Trust, and (iii) any other Guarantor which is or becomes bound by the trust deed in its capacity as trustee or responsible entity of a trust, and includes any replacement responsible entity or a replacement trustee for any of them.

Examples of Guarantor Trustee in a sentence

• Upon any such waiver, such default shall cease to exist, any Event of Default arising therefrom shall be deemed to have been cured, and for every purpose of this Indenture, the Company, any Guarantor, Trustee and Holders shall be restored to their former positions and rights hereunder; but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.

• This Capital Securities Guarantee can only be amended by an instrument in writing signed by the Guarantor and the Guarantor Trustee.

• If any amount shall be paid to the Guarantor in violation of the preceding sentence, the Guarantor agrees to hold such amount in trust for the Holders and to pay over such amount to the Guarantor Trustee for the benefit of the Holders.

• If at any time the Drawing Agent shall have actual knowledge of the issuance of any Final Order, the Drawing Agent shall promptly give notice thereof to the Trustee, the Guarantor Trustee, the Cash Manager and the Policy Provider.

• Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture the Company, Guarantor, Trustee and Holders shall be restored to their former positions and rights hereunder; but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.

• Upon the transfer of any amounts to the Shareholders Account for the Shareholders in accordance with Section 3.08 hereof, the Guarantor Trustee on the same day shall pay all such amounts to the Shareholders.

• The Guarantor also covenants to indemnify the Preferred Guarantor Trustee (and its officers, agents, directors and employees) for, and to hold it harmless against, any loss, liability or expense incurred without negligence or bad faith on the part of the Preferred Guarantor Trustee and arising out of or in connection with the acceptance or administration of this trust, including the costs and expenses of defending itself against any claims of liability in the premises.

• Such determinations, whether made upon such a question actually raised or implied in the acts or proceedings of the Trustee, will be conclusive and shall bind the Issuer, the Guarantor, Trustee, the Noteholders and the Couponholders.

• The Guarantor shall provide to the Guarantee Trustee, the Commission and the Holders such documents, reports, compliance certificates and information as may be required by Section 314 of the Trust Indenture Act to be provided by the Guarantor Trustee to such Persons in the form, in the manner and at the times required by Section 314 of the Trust Indenture Act.

• The provisions of this Section 3.3 shall survive the payment in full of the Preferred Securities or the resignation or removal of the Guarantor Trustee for a period equal to the statute of limitations applicable to a claim based hereon.

More Definitions of Guarantor Trustee

Guarantor Trustee for the purposes of this Section 3.3 shall include any predecessor Guarantee Trustee; provided, however, that the negligence, willful misconduct or bad faith of any Guarantee Trustee shall not affect the rights of any other Guarantee Trustee hereunder. The provisions of this Section 3.3 shall survive the termination of this Guarantee Agreement or the earlier resignation or removal of the Guarantee Trustee.

Guarantor Trustee means a trustee or any successor trustee appointed in accordance with a Guarantor Indenture.

Guarantor Trustee means (i) WML, as responsible entity and trustee of Westfield Trust, (5) WAML, as responsible entity and trustee of Westfield America Trust, and (iii) any other Guarantor which is or becomes bound by the trust deed in its capacity as trustee or responsible entity of a trust, and includes any replacement responsible entity or a replacement trustee for any of them.