First Mortgage Bond Trustee definition

First Mortgage Bond Trustee means the trustee under the First Mortgage Bond Indenture.
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First Mortgage Bond Trustee means The Bank of New York Mellon Trust Company, N.A., as trustee under the FMB Mortgage, together with its permitted successors and assigns in such capacity.
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First Mortgage Bond Trustee means U.S. Bank National Association, as successor trustee under the FMB Mortgage, together with its permitted successors and assigns in such capacity.
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Examples of First Mortgage Bond Trustee in a sentence

  • Immediately after becoming aware of an Event of Default under (i) above, or within five (5) days or the next Business Day if such fifth day is not a Business Day after becoming aware of a Default or an Event of Default under (ii), (iii), or (iv) above, the Trustee will give notice to the Bondowners and, in the case of an Event of Default under (i), (ii) or (iv) above, to the First Mortgage Bond Trustee.

  • Any Credit Document or the FMB Mortgage shall fail to be in force and effect or the Borrower shall so assert or any Credit Document or the FMB Mortgage shall fail to give the Administrative Agent or the Lenders, or the First Mortgage Bond Trustee, as applicable, the rights, powers, liens and privileges purported to be created thereby.

  • Notwithstanding any provision contained in Section 15.11 of the Ordinance to the contrary, the Company hereby agrees not to request the Trustee to release to the Company or to the First Mortgage Bond Trustee any amount of the First Mortgage Bonds (or Corresponding Securities, as the case may be) and not to accept any amount of the First Mortgage Bonds (or Corresponding Securities, as the case may be) so released, without the prior written consent of the Bank.

  • The First Mortgage Bond Trustee assumes no duties, responsibilities or liabilities by reason of this First Supplemental Indenture other than as set forth in the Company Mortgage, and this First Supplemental Indenture is executed and accepted by the First Mortgage Trustee subject to all the terms and conditions of its acceptance of the trust under the Company Mortgage, as fully as if said terms and conditions were herein set forth at length.

  • The First Mortgage Bonds are to be issued under the mortgage indenture between the Company and JPMorgan Chase Bank, as mortgage Consumers Energy Company November 18, 2004 Page 2 trustee (the "First Mortgage Bond Trustee") that may include one or more supplemental indentures thereto (collectively the "First Mortgage Bond Indenture").

  • This agreement shall not be assigned except to lending institutions or related entities without the written consent of the non-assigning party, whose consent shall not be unreasonably withheld except that HELCO may assign this agreement to its First Mortgage Bond Trustee without prior written consent.

  • From and after the Effective Date, pursuant to the First Mortgage Bond Indenture and the Sixth Supplemental Indenture, the Trustee shall issue a Redemption Demand to the First Mortgage Bond Trustee and the Company in respect of the Collateral First Mortgage Bonds consistent with the provisions of First Mortgage Bond Supplemental Indenture No. 2 and the Sixth Supplemental Indenture upon the acceleration of the Notes of this series.

  • The First Mortgage Bond Indenture grants to the First Mortgage Bond Trustee under the First Mortgage Bond Indenture a security interest in the property pledged to the First Mortgage Bond Trustee under the First Mortgage Bond Indenture.

  • From and after the Effective Date, in addition to the Events of Default specified in Section 6.01 of the Original Indenture, it shall be an Event of Default if all first mortgage bonds outstanding under the First Mortgage Bond Indenture shall, if not already due, have become immediately due and payable whether by declaration of the First Mortgage Bond Trustee or otherwise, and such acceleration shall not have been rescinded or annulled within 15 calendar days after such acceleration.

  • This contract shall not be assigned except to lending institutions or related entities without the written consent of the non-assigning party, whose consent shall not be unreasonably withheld except that HELCO may assign this agreement to its First Mortgage Bond Trustee without prior written consent.


More Definitions of First Mortgage Bond Trustee

First Mortgage Bond Trustee has the meaning set forth in the definition of “Note Facilities Documentation”.
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First Mortgage Bond Trustee means MUFG Union Bank, N.A., as successor trustee under the FMB Mortgage, together with its permitted successors and assigns in such capacity.
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First Mortgage Bond Trustee is defined in the sixth recital.
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Related to First Mortgage Bond Trustee

  • First Mortgage Bonds means bonds issued by the Company pursuant to the Indenture.

  • First Mortgage Indenture means a first mortgage indenture pursuant to which any Borrower or any Subsidiary of any Borrower may issue bonds, notes or similar instruments secured by a lien on all or substantially all of such Borrower’s or such Subsidiary’s fixed assets, as the case may be.

  • First Mortgage means a Mortgage that constitutes a first Lien on the real property and improvements described in or covered by that Mortgage.

  • First Mortgagee means the holder of any First Mortgage.

  • Bond Trustee means the company designated as such in the preamble to these Bond Terms, or any successor, acting for and on behalf of the Bondholders in accordance with these Bond Terms.

  • Mortgage Indenture means the Mortgage and Deed of Trust, dated as of April 1, 1932, between SIGECO and Bankers Trust Company (as supplemented from time to time before or after the date hereof by various supplemental indentures thereto).

  • First Mortgage Loan A Home Equity Loan which constitutes a first priority mortgage lien with respect to any Property.

  • Senior Bonds means all Bonds issued as Senior Bonds in compliance with the provisions of the Indenture.

  • Net Mortgage Interest Rate As to any Mortgage Loan and Distribution Date, such Mortgage Loan's Mortgage Interest Rate thereon on the first day of the month preceding the month of the related Distribution Date reduced by (i) the Servicing Fee Rate and (ii) the Trustee Fee Rate.

  • Existing Bonds means the following obligations of Seller:

  • Loan Trustee Means, with respect to any Indenture, the bank, trust company or other financial institution designated as loan trustee thereunder, and any successor to such loan trustee.

  • Bond Trustee Fee Agreement means the agreement entered into between the Issuer and the Bond Trustee relating among other things to the fees to be paid by the Issuer to the Bond Trustee for its obligations relating to the Bonds.

  • Series 2019 Bonds means, collectively, the Series 2019A Bonds and the Series 2019B Bonds.

  • Supplemental security income means the program authorized under title XVI of the social security act, 42 USC 1381 to 1383f.

  • Aircraft Mortgage means each Aircraft and Engine mortgage and security agreement entered into by any Borrower in favor of the Agent evidencing the Liens in respect of such Aircraft Collateral that will secure the Obligations, in each case as amended, modified, restated, supplemented or replaced from time to time.

  • Supplemental Security Income (SSI) means a program available to certain aged and disabled persons that is administered by the Social Security Administration through the Social Security office.

  • Mortgage Amendment means an amendment to an Existing Mortgage or an amendment and restatement of an Existing Mortgage, in each case in form and substance reasonably acceptable to the Collateral Agent.

  • Series 2017 Bonds means, collectively, the Series 2017A Bonds and the Series 2017B Bonds.

  • Mortgage Insurer means CMHC, Genworth Financial Insurance Company Canada, or any other company that insures the payment of mortgages to mortgage lenders.

  • Existing Mortgage has the meaning specified in Section 5.02(a)(vi).

  • indenture trustee or “institutional trustee” means the Trustee.

  • Trust Indenture Any indenture pursuant to which any MBS was issued. Trustee: The Federal National Mortgage Association, in its capacity as trustee of each Trust formed hereunder, or its successor in interest in such capacity, or any successor trustee appointed as herein provided.

  • Additional Bonds means the debt instruments issued under a Tap Issue, including any Temporary Bonds.