Examples of Issuer Charged Property in a sentence
The Bond Trustee is exempted from any liability in respect of any loss, diminution in value or theft of all or any part of the Issuer Charged Property, from any obligation to insure all or any part of the Issuer Charged Property (including, in either such case, any documents evidencing, constituting or representing the same or transferring any rights, benefits and/or obligations thereunder), or to procure the same to be insured.
At any time after all or part of the security constituted by or pursuant to these presents becomes enforceable (and so that no delay or waiver of the right to exercise the powers hereby conferred shall prejudice the future exercise of such powers), the Bond Trustee may by writing appoint a receiver of the Issuer Charged Property or the relevant part thereof and remove any receiver so appointed and appoint another such receiver in his stead.
Prior to the enforcement of the security constituted by or created pursuant to these presents, the Bond Trustee shall have no obligation to sell, liquidate or otherwise realise the Issuer Charged Property.
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The Bond Trustee shall not be responsible for, nor shall it have any liability with respect to, any loss or theft of the Issuer Charged Property and shall not be obliged to insure or to procure the insurance of the Issuer Charged Property and shall have no responsibility or liability arising from the fact that the Issuer Charged Property is registered in its name or held by it or on its behalf by any bank or custodian whether selected by the Issuer or by the Bond Trustee.
The Bond Trustee shall have no responsibility whatsoever to the Issuer or any Bondholder or Couponholder as regards any deficiency or additional payment, as the case may be, which might arise because the Bond Trustee or the Issuer is subject to any Tax in respect of the Issuer Charged Property or any part thereof or any income therefrom or any proceeds thereof.
Without prejudice to the provisions of any of the Issuer Transaction Documents relating to insurance, the Bond Trustee shall not be under any obligation to insure any of the Issuer Charged Property or any deeds or documents of title or other evidence in respect thereof or to require any other person to maintain any such insurance and shall not be responsible for any loss, expense or liability which may be suffered as a result of the lack of or inadequacy of any such insurance.
The property charged and assigned pursuant to the Bond Trust Deed listed in (a) to (c) above, together with any other property or assets held by and/or assigned to the Bond Trustee and/or any deed or document supplemental thereto, is referred to herein as the Issuer Charged Property and the security created thereby, the Issuer Security.
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A Receiver may let any Issuer Charged Property for any term and at any rent (with or without a premium) which he thinks fit and may accept a surrender of any lease or tenancy of any Issuer Charged Property on any terms which he thinks fit (including the payment of money to a lessee or tenant on a surrender).