Common use of Notices from the Trustee Clause in Contracts

Notices from the Trustee. Notwithstanding anything to the contrary in the Base Indenture, including Section 6.02 of the Base Indenture, whenever a Default occurs and is continuing and a Responsible Officer of the Trustee has received written notice of such Default as set forth in Section 6.03(h) of the Base Indenture, the Trustee must deliver notice of such Default to the Holders within 90 days after the date on which such Default first occurred. Except in the case of a Default in the payment of the principal of, interest on, or Fundamental Change Purchase Price for, any Security or of a Default in the payment or delivery, as the case may be, of the consideration due upon conversion of a Security, the Trustee shall not be liable in connection with withholding such notice if the Trustee in good faith determine that the withholding of such notice is in the interests of the Holders.

Appears in 2 contracts

Sources: First Supplemental Indenture (Granite Point Mortgage Trust Inc.), First Supplemental Indenture (Granite Point Mortgage Trust Inc.)

Notices from the Trustee. Notwithstanding anything to the contrary in the Base Indenture, including Section 6.02 602 of the Base IndentureIndenture (which Section 602 will not apply to the Securities), whenever a Default occurs and is continuing and a Responsible Officer of the Trustee has received written notice of such Default as set forth in Section 6.03(h) of the Base IndentureDefault, the Trustee must deliver notice of such Default to the Holders within 90 days after the date on which such Default first occurredoccurred or after a Responsible Officer of the Trustee obtains knowledge of it. Except in the case of a Default in the payment of the principal of, interest on, or Fundamental Change Purchase Price for, any Security or of a Default in the payment or delivery, as the case may be, of the consideration due upon conversion of a Security, the Trustee shall will not be liable in connection with withholding such notice if the Trustee in good faith determine determines that the withholding of such notice is in the interests of the Holders.

Appears in 1 contract

Sources: First Supplemental Indenture (Mfa Financial, Inc.)