Examples of Issuer Obligations in a sentence
For the avoidance of doubt, the 2024-B Exchange Note will be deemed to not be paid in full until all Issuer Obligations have been paid in full.
As Certificateholder, the Transferor (or, if the Certificate is transferred to another Person, such Person) will be entitled to receive (i) 2024-B Available Funds payable to the Certificateholder pursuant to Section 8.03 of the Indenture, (ii) any amounts payable to the Certificateholder pursuant to Section 5.04(b) of the Indenture and (iii) the remaining Owner Trust Estate following the payment in full of the Notes and all other Issuer Obligations.
If at any time the Assignee-Secured Party notifies the Securities Intermediary in writing that the Lien of the Indenture has been released and all Issuer Obligations have been paid, the Securities Intermediary shall thereafter comply with Entitlement Orders with respect to each 2024-B Collateral Account from the Initial Secured Party without further consent by the Assignee-Secured Party or any other Person.