Examples of Interim Trustee in a sentence
The Interim Trustee may, but shall not be obligated to, enter into any such amendment which affects the Interim Trustee’s own rights, duties or immunities under this Agreement or otherwise.
The portfolio accepted for purchase by the Interim Trustee on behalf of the Purchaser and the effective date of sale and purchase are described below and the individual Loans are listed on the Schedule A attached hereto.
This endorsement is in blank, unrestricted form and without recourse except as provided in Article VI of the Master Sale Terms referred to in the Purchase Agreement between the Seller, the Interim Trustee and the Purchaser which covers this promissory note.
All covenants, agreements, representations and warranties made or furnished pursuant hereto by or for the benefit of the Seller shall bind and inure to the benefit of any successors or assigns of the Purchaser and the Interim Trustee on behalf of the Purchaser and shall survive with respect to each Loan.
The Seller shall provide a blanket endorsement transferring the entire interest of the Seller in the related Eligible Loans to the Interim Trustee for the benefit of the Purchaser with the form of endorsement provided for in the related Purchase Agreement.
The Interim Trustee on behalf of the Purchaser shall be entitled to all moneys accrued and paid on such Eligible Loans on and after the applicable Cutoff Date.
Promptly after the execution of any such amendment or consent (or, in the case of the Rating Agencies, five Business Days prior thereto), the Interim Trustee shall furnish written notification of the substance of such amendment or consent to the Indenture Trustee, and each of the Rating Agencies.
Prior to the execution of any amendment to these Master Sale Terms, the Interim Trustee shall be entitled to receive and rely upon an Opinion of Counsel stating that execution of such amendment is authorized or permitted by this Purchase Agreement and the Opinion of Counsel referred to in Section 7.01(i) of the Administration Agreement.
Xxxxxx Title: Vice President CHASE BANK USA, NATIONAL ASSOCIATION, not in its individual capacity but solely as the Interim Trustee By: /S/ XXXX X.
The Interim Trustee shall at all times be a corporation or banking association being authorized to exercise corporate trust powers and hold legal title to the Interim Trust Loans.