Subordinate Trustee definition

Subordinate Trustee means U.S. Bank Trust Company, National Association, as trustee under the Subordinate Trust Agreement.
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Subordinate Trustee means U.S. Bank National Association, a national banking association duly organized and existing under and by virtue of the laws of the United States of America, or its successors, as Trustee as provided in the Subordinate Indenture.
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Subordinate Trustee means U.S. Bank National Association, a national banking association, duly organized and existing under the laws of the United States, or its successor, as Trustee, as provided in Section 8.01 of the Subordinate Indenture.
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Examples of Subordinate Trustee in a sentence

  • The Borrower shall not be entitled to any reimbursement from the Issuer, the Subordinate Trustee, or the Subordinate Bondholders in respect of any such costs or to any diminution or abatement in the repayment of the Subordinate Loan.

  • Whenever in this Subordinate Loan Agreement any of the parties hereto is referred to, such reference shall be deemed to include the successors and assigns of such party; and all covenants, promises and agreements by or on behalf of the Borrower which are contained in this Subordinate Loan Agreement shall bind its successors and assigns and inure to the benefit of the successors and assigns of the Issuer and the Subordinate Trustee.

  • The representations, covenants, agreements and warranties set forth in this Subordinate Loan Agreement may be relied upon by the Issuer and the Subordinate Trustee.

  • The Subordinate Trustee is duly authorized to act as a fiduciary and to execute the trust created by the Subordinate Indenture, and meets the qualifications to act as Subordinate Trustee under the Subordinate Indenture.

  • The Subordinate Trustee may enforce and take all reasonable steps, actions and the proceedings necessary for the enforcement of all terms, covenants and conditions of the Subordinate Loan Documents as and to the extent set forth therein.

  • The Subordinate Trustee shall be responsible only for the duties of the Subordinate Trustee expressly set forth herein and in the Subordinate Indenture.

  • The provisions of Sections 2.4, 4.2, 6.1 and 7.4 of this Subordinate Loan Agreement shall survive the expiration or earlier termination of this Subordinate Loan Agreement and, with regard to the Subordinate Trustee, the resignation or removal of the Subordinate Trustee.

  • In order to entitle the Issuer or the Subordinate Trustee to exercise any remedy reserved to it in this Article VII, it shall not be necessary to give any notice, other than such notice as may be expressly required by this Subordinate Loan Agreement.

  • Neither of the Subordinate Trustee nor the Issuer makes any representation or warranty, either express or implied, that money, if any, which will be paid into the Subordinate Loan Fund or otherwise made available to the Borrower will be sufficient to complete the construction of the Project, and neither of the Subordinate Trustee nor the Issuer shall be liable to the Borrower, the Subordinate Bondholders or any other person if for any reason the Project is not completed.

  • The Issuer, the Subordinate Trustee and the Borrower agree that they will, from time to time, execute, acknowledge and deliver, or cause to be executed, acknowledged and delivered, such supplements hereto and such further instruments as may reasonably be required for correcting any inadequate or incorrect description of the performance of this Subordinate Loan Agreement.