Outstanding definition
Examples of Outstanding in a sentence
Subject to Section 2.10 of this Guaranty, once the Guaranteed Obligations are no longer Outstanding, this Guaranty and all obligations (other than those expressly stated to survive such termination or as may be reinstated after such termination) of the Trustee and the Guarantor hereunder shall automatically terminate, all without delivery of any instrument or performance of any act by any party.
All powers of attorney and other authorizations granted to the Trustee and any Persons designated by the Trustee pursuant to any provisions of this Guaranty shall be deemed coupled with an interest and shall be irrevocable until the the Guaranteed Obligations are no longer Outstanding; provided that the foregoing powers or authorizations under this Section 4.10 may be exercised by the Trustee or any of its designees, in each case, solely so long as an Event of Default has occurred and is continuing.
This Agreement may not be assigned by the Administrator unless such assignment is previously consented to in writing by the Issuer and the Owner Trustee and subject to the satisfaction of the Rating Agency Condition (other than with respect to S&P, but with satisfaction of the Rating Agency Notification with respect to S&P if S&P is rating any Outstanding Class of Notes) in respect thereof.
If no appointment of a successor Trustee shall be made pursuant to the foregoing provisions of this Section, the owner of any Bond then Outstanding or any retiring Trustee (at the expense of the Borrower) may apply to any court of competent jurisdiction to appoint a successor Trustee.
For purposes of this Section, Bonds or portions of Bonds which have theretofore been selected by lot for redemption shall not be deemed Outstanding.