Examples of indenture trustee in a sentence
The Owner Trustee in its individual or any other capacity may become the owner or pledgee of the Notes and may deal with the Sponsor, the Certificateholder and the Indenture Trustee in banking transactions with the same rights as it would have if it were not Owner Trustee.
Upon acceptance of appointment by a successor Owner Trustee pursuant to this Section 10.03, the successor Owner Trustee shall mail notice thereof to the Certificateholder and the Indenture Trustee.
The Owner Trustee is hereby appointed as, and does hereby agree to act as, Certificate Paying Agent hereunder, and, in such capacity, shall make distributions to the Certificateholder in accordance with Section 9.01 and shall report the amounts of any such distributions to the Indenture Trustee and the Owner Trustee (if the Certificate Paying Agent is not the Owner Trustee).
Any Certificate Paying Agent shall have the revocable power to receive amounts from the Indenture Trustee for the purpose of making the distributions referred to herein.
The Certificateholder, by accepting the Certificate, acknowledges that such Certificate represents beneficial interests in the Trust only and does not represent an interest in or an obligation of the Sponsor, the Owner Trustee, the Indenture Trustee or any Affiliate thereof and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement, the other Basic Documents or the Certificate.