Collateral Trust Agreement Definition

(d) The parties further represent and agree that the Trustee will be owned and distributed by the Security Trustee, subject to the other agreements herein and the Recognition Agreement, collateral rights agreement and other note documents. Secured default means, in respect of a set of secured claims, any event or condition which, in accordance with the terms of a credit agreement, obligation, loan agreement, promissory note agreement, security agreement or other arrangement or instrument governing such a series of secured debts, designates the holders of outstanding secured debts in respect of those claims; to make immediately due and payable the secured debts outstanding therein, or in the case of J. Aron Hedge Agreement or any particular hedging agreement also causes or approves a guarantee trust obligation as a guarantee trust certificate or guarantee trust note. For securities to be eligible for the guarantee, their market value must be a certain percentage higher than the amount of outstanding bonds. The value of the pledged securities is regularly revalued and placed on the market to reflect their market value. If, during the term of the obligation, the market value of the collateral falls below the minimum set out in the escrow agreement, the issuer must pledge additional securities or cash as collateral. (b) Unless otherwise specified, any reference to an Agreement or Instrument shall be construed as a reference to this Agreement or to this Instrument as assigned, amended, supplemented, supplemented and otherwise amended and amended from time to time or replaced under the terms of this Agreement. If the issuer defaults, the voting rights of the shares held by the trustee are transferred to the trustee, who has the option to sell the securities to pay the bondholders. The amount due from the collateral agreement means, for each warranty agreement document, the amount then due and payable by the issuers and/or a grantor under such collateral agreement document, as set forth in J`s reasonable judgment. Aron and any specified hedging counterparty (it is understood that if transactions under such collateral agreement document have been terminated in advance, the amount due from the collateral agreement will be calculated in accordance with clause (b) of the definition of the outstanding amount of the collateral agreement. liabilities); provided that the Settlors have no obligation under this Agreement to the collateral trustee or any other secured representative or any of their respective directors, officers, employees and agents with respect to indemnified liabilities arising from gross negligence or wilful misconduct on the part of the indemnified party (in any event, by a final, non-voidable order of a court of competent jurisdiction). The agreements in Section 5 and this Section 7.8 shall survive the repayment of the Covered Obligations and any other amount payable hereunder and under the other secured debt documents, as well as the termination of this Agreement or the revocation or withdrawal of the Trustee from the Guarantee. (3) is proven or regulated by a debenture, credit agreement, loan agreement, promissory note agreement, security agreement, promissory note or any other arrangement or instrument containing participation in the pledge and confirmation of priority and the secured agent designated in accordance with Article 3.8(b) shall provide an accurate and true copy of this Agreement or such instrument; For the purposes of this definition, votes shall be determined in accordance with the provisions of section 7.2.

7.8 Payment of expenses and taxes; Compensation. The settlors shall pay such remuneration to the trustee of the guarantees, which the issuers and the trustee of the guarantees may agree from time to time in writing. (b) the security trustee is not responsible for (i) the existence, authenticity or value of any of the warranties, (ii) except as provided in section 5.12(a), the validity, perfection, maintenance, priority or enforceability of the privileges over any of the warranties, (iii) the validity or sufficiency of the security right or any agreement or assignment contained therein, (iv) the validity of a grantor`s ownership of the title; (v) for the insurance of the guarantee or for the payment of taxes, fees, valuations or privileges on the guarantee or (vi) except as provided for in Article 5.12(a), otherwise with regard to the maintenance of the guarantee. . . .