indenture trustee definition
Examples of indenture trustee in a sentence
No Party will assign, transfer, delegate, or subcontract any of such Party’s rights or obligations under this Agreement without the prior written consent of the other Parties and the Indenture Trustee (acting at the direction of the Required Noteholders under the Indenture), provided that Buyer may collaterally assign its rights hereunder pursuant to the Indenture or any replacement thereof.
Seller acknowledges and agrees that (a) Buyer may, pursuant to the Indenture, pledge and grant a security interest in the Equipment and the Sold Assets, and collaterally assign its rights under this Agreement to the Indenture Trustee (for the benefit of the Noteholders) and (b) the representations, warranties and covenants contained in this Agreement and the rights of Buyer under this Agreement are intended to benefit the Indenture Trustee (for the benefit of the Noteholders).
All of which property described in this paragraph is solely the property of Seller or such Affiliate, as applicable, and is not sold or pledged to the Buyer or subject to the grant of security interest in favor of the Indenture Trustee for the benefit of the Noteholders.
No waiver by any Party of any of the provisions of this Agreement will be effective unless explicitly set forth in writing and signed by the Party so waiving and, after the Closing Date with respect to any waiver to be provided by Buyer to Seller, consented to by the Indenture Trustee in writing so long as the Indenture is in effect.