Issuer Obligations definition
Examples of Issuer Obligations in a sentence
As Certificateholder, the Transferor (or, if the Certificate is transferred to another Person, such Person) will be entitled to receive (i) 2026-A 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 the Note Balance and all other Issuer Obligations have been paid in full and the Issuer has been terminated, any remaining amounts on deposit in the 2026-A Reserve Account shall be distributed to the Certificateholder.
The Securities Intermediary shall not change the name or account number of any 2026-A Collateral Account without the prior written consent of the Assignee-Secured Party (or, after receipt of notice pursuant to Section 2.03 that the Lien of the Indenture has been released and all Issuer Obligations have been paid, the Initial Secured Party).
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 2026-A Collateral Account from the Initial Secured Party without further consent by the Assignee-Secured Party or any other Person.
For the avoidance of doubt, the 2026-A Exchange Note will be deemed to not be paid in full until all Issuer Obligations have been paid in full.