Acknowledgement under the Trust Indenture Act Clause Samples

The Acknowledgement under the Trust Indenture Act clause confirms that the parties recognize and agree that the agreement or indenture is subject to the requirements and protections of the Trust Indenture Act of 1939. This clause typically specifies that the trustee and other parties will comply with the Act’s provisions, such as reporting obligations, eligibility requirements, and duties to act in the best interests of security holders. Its core function is to ensure legal compliance and transparency, thereby protecting investors and clarifying the regulatory framework governing the indenture.
Acknowledgement under the Trust Indenture Act. Each Guarantor acknowledges that, by virtue of its Guarantee, it is becoming an “obligor” on indenture securities under the Trust Indenture Act.
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Related to Acknowledgement under the Trust Indenture Act

  • Trust Indenture Act; Conflict with Trust Indenture Act (a) This Trust Agreement is subject to the provisions of the Trust Indenture Act that are required to be part of this Trust Agreement and shall, to the extent applicable, be governed by such provisions. (b) The Property Trustee shall be the only Trustee which is a trustee for the purposes of the Trust Indenture Act. (c) If any provision hereof limits, qualifies or conflicts with another provision hereof which is required to be included in this Trust Agreement by any of the provisions of the Trust Indenture Act, such required provision shall control. If any provision of this Trust Agreement modifies or excludes any provision of the Trust Indenture Act which may be so modified or excluded, the latter provision shall be deemed to apply to this Trust Agreement as so modified or excluded, as the case may be. (d) The application of the Trust Indenture Act to this Trust Agreement shall not affect the nature of the Securities as equity securities representing undivided beneficial interests in the assets of the Trust.

  • Compliance with Trust Indenture Act Every amendment or supplement to this Indenture or the Notes shall be set forth in a amended or supplemental Indenture that complies with the TIA as then in effect.

  • Compliance with the Trust Indenture Act From the date on which this Indenture is qualified under the Trust Indenture Act, every amendment, waiver or supplement of this Indenture, the Notes or any Guarantee shall comply with the Trust Indenture Act as then in effect.

  • Conformity with Trust Indenture Act Every supplemental indenture executed pursuant to this Article shall conform to the requirements of the Trust Indenture Act as then in effect.

  • Trust Indenture Act The Trust Indenture Act of 1939, as amended.