Indenture Trustee to Notify Clause Samples
The "Indenture Trustee to Notify" clause requires the indenture trustee to inform relevant parties, such as bondholders or other stakeholders, about specific events or developments related to the indenture or the underlying securities. In practice, this may involve the trustee sending notices when a default occurs, when amendments are made to the indenture, or when other significant actions are taken that could affect the rights or obligations of the parties involved. The core function of this clause is to ensure transparency and timely communication, thereby protecting the interests of the parties by keeping them informed of material events that may impact their investment or obligations.
Indenture Trustee to Notify. The Indenture Trustee will notify the Noteholders within five Business Days after a Responsible Person of the Indenture Trustee has knowledge of the occurrence of an Event of Default.