Examples of Specified Creditors in a sentence
Any acknowledgments and agreements set forth in this Series 202●-● Co-Ownership Assignment Agreement of the Seller, the Servicer, the Depositor and the Custodian in favour of the Indenture Trustee are held by the Co-Owner in trust for the Indenture Trustee and all other Specified Creditors (as defined in the Trust Indenture).
Each Specified Creditor, by accepting the benefits of the Trust Indenture, accepts and confirms, on its own behalf and on behalf of its successors and assigns, the appointment of the Indenture Trustee as the fondé de pouvoir of the present and future Specified Creditors for such purposes (but only for such purposes).
Any one or more of the Specified Creditors or any agent or representative thereof may become purchasers at any sale of any Collateral whether made under the power of sale herein contained or pursuant to judicial proceedings.
Any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee, its agents and Counsel, be for the benefit of the Specified Creditors in respect of which such judgment has been recovered in the manner herein provided.
All money held by the Indenture Trustee pursuant to the provisions of this Indenture, subject to any provision herein to the contrary, shall be held by the Indenture Trustee as part of the Collateral as security for the Specified Creditors as herein provided.