Master Trustee definition
Examples of Master Trustee in a sentence
Interest on this bond shall be payable by check or draft mailed to the Registered Owner at such owner’s address appearing on the registration books of the Trust kept for that purpose at the principal corporate trust office of the Master Trustee, determined as of the applicable record date or in such other manner as is permitted by the rules of any national securities depository in which this bond is on deposit.
The Master Trustee shall retain copies of such certificates while any of the Bonds of such Series remain outstanding.
The Trust shall furnish the Master Trustee with such a certificate prior to each time the Master Trustee is required or directed to deposit amounts in or withdraw amounts from the Fund.
Based on these materials the Master Trustee shall prepare a voting instruction form.
In addition, the Trust shall not be required to make any deposits to a Project Account or to direct the Master Trustee to disburse therefrom any amount to or for the account of the Borrower while an Event of Default shall have occurred and be continuing hereunder or under the Financing Agreement or, if directed by the Department, while a Default (as defined in the related Project Regulatory Agreement) shall have occurred and be continuing under the related Project Regulatory Agreement.