Trustee Event definition
Examples of Trustee Event in a sentence
Such option to purchase the Secured Certificates may be exercised: (i) upon an Indenture Trustee Event or (ii) in the event there shall have occurred and be continuing a Lease Event of Default, provided that if such option is exercised pursuant to this clause (ii) at a time when there shall have occurred and be continuing for less than 180 days a Lease Event of Default, the purchase price thereof shall equal the price provided in the preceding sentence plus the Make-Whole Amount, if any.
Certificates that are beneficially held by a successor Trustee will be disregarded and deemed not to be Outstanding for purposes of determining whether a Trustee Event of Default has occurred and is continuing or whether to remove that successor Trustee when a Trustee Event of Default has occurred and is continuing.
Certificates of a Trust that are beneficially held by a successor Trustee will be disregarded and deemed not to be outstanding for purposes of determining whether a Trustee Event of Default has occurred and is continuing or whether to remove that successor Trustee when a Trustee Event of Default has occurred and is continuing.
Certificates of a Series that are beneficially held by a successor Trustee will be disregarded and deemed not to be outstanding for purposes of determining whether a Trustee Event of Default has occurred and is continuing or whether to remove that successor Trustee when a Trustee Event of Default has occurred and is continuing.
Certificates of a Trust that are beneficially held by a successor Trustee will be disregarded and deemed not to be outstanding for purposes of determining whether a Trustee Event of Default has occurred and is continuing or whether to remove the Successor Trustee when a Trustee Event of Default has occurred and is continuing.
Such option to purchase the Equipment Notes may be exercised: (i) upon an Indenture Trustee Event or (ii) in the event there shall have occurred and be continuing a Lease Event of Default, provided, that if such option is exercised pursuant to this clause (ii) at a time when there shall have occurred and be continuing for less than one hundred eighty (180) days a Lease Event of Default, the purchase price thereof shall equal the price provided in the preceding sentence plus the Make-Whole Amount, if any.
If a Trustee Event of Default has occurred and has not otherwise been cured or waived, the Trustee shall exercise such of the rights and powers vested in it by this Agreement and use the same degree of care and skill in their exercise as a prudent Person would exercise or use under the circumstances in the conduct of such Person’s own affairs, unless the Trustee is acting as Servicer, in which case it shall use the same degree of care and skill as the Servicer hereunder.
Certificates of a Trust that are beneficially held by a successor Trustee will be disregarded and deemed not to be outstanding for purposes of determining whether a Trustee Event of Default has occurred and is continuing or whether to remove that successor Trustee when a Trustee Event of Default has occurred and is continuing.
Certificates that are beneficially held by a successor Trustee will be disregarded and deemed not to be Outstanding Certificates for purposes of determining whether a Trustee Event of Default has occurred and is continuing or whether to remove that successor Trustee when a Trustee Event of Default has occurred and is continuing.
Such option to purchase the Equipment Notes may be exercised: (i) upon a Loan Trustee Event or (ii) in the event there shall have occurred and be continuing a Lease Event of Default, provided that if such option is exercised pursuant to this clause (ii) at a time when there shall have occurred and be continuing for less than 180 days a Lease Event of Default, the purchase price thereof shall equal the price provided in the preceding sentence plus the Make-Whole Amount, if any.