Ownership of Bonds Sample Clauses

Ownership of Bonds. The Bonds are genuine and outstanding. The Sponsor has all necessary power and authority to transfer, and has duly authorized by all necessary action the transfer of, the Bonds to ▇▇▇▇▇▇▇ Mac. Immediately prior to such transfers, the Sponsor owned the Bonds free and clear of any lien, pledge, encumbrance or other security interest, and has not sold, assigned or pledged any of its interest in the Bonds to any Person except in accordance with the Sponsor Documents, and has not entered into any agreement to effect such a sale, assignment or pledge except as contemplated hereby. Upon such transfers, the Sponsor releases all right, title and interest in and to the Bonds (such release by the Sponsor in connection with its transfer of ownership of the Bonds in no way limits its rights to direct the funding of Release Events in certain cases or take other actions with respect to the Bonds as described in the Sponsor Documents).

Ownership of Bonds. The Trustee may be or become the owner of or trade in Bonds with the same rights as if it were not the Trustee. Surety Bond. The Trustee shall not be required to furnish any bond or surety. Continuation Statements. It shall be the duty of the Trustee to execute and file, or cause to be executed and filed, such continuation statements as may be required by the UCC with respect to any financing statements naming the Trustee as secured party and of which the Trustee has knowledge, relating to any security interest granted to the Issuer hereunder for the benefit of the Bondowners.

Ownership of Bonds. The Trustee and any affiliate under common control with the Trustee may in good faith buy, sell, own, hold and deal in any of the Bonds issued under this Indenture, and may join in or take any action which any Owner may be entitled to take with like effect as if the Trustee were not a party to this Indenture. The Trustee and any affiliate under common control with the Trustee, as principal or agent, may also engage in or be interested in any financial or other transaction with the Authority and may act as depository, trustee, or agent for any committee or body of Owners of the Bonds or other obligations of the Authority as freely as if it were not Trustee under this Indenture.

Ownership of Bonds. The Borrower shall be the sole holder of each bond issued pursuant to a Permitted

Ownership of Bonds. 45 Section 12.10 No Duty to Invest 46 Section 12.11 Reports by Trustee 46 Section 12.12 Resignation 46 Section 12.13 Removal 46 Section 12.14 Appointment of Successor Trustee 46 Section 12.15 Successor to be Bank or Trust Company 46 Section 12.16 Failure to Appoint a Successor Trustee 47 Section 12.17 Acceptance by Successor Trustee 47 Section 12.18 Merger or Consolidation 47

Ownership of Bonds. The ownership of Bonds and the amount, numbers and other identification, and date of holding the same shall be proved by the registry books for the Bonds maintained by the Paying Agent.

Ownership of Bonds. The Issuer, the Trustee, the Bond Registrar and Paying Agent may deem and treat the Holder of any Bond, whether or not such Bond shall be overdue, as the absolute owner of such Bond for the purpose of receiving payment thereof and for all other purposes whatsoever, and the Issuer (or any agent thereof), the Trustee, the Bond Registrar and the Paying Agent shall not be affected by any notice to the contrary.

Ownership of Bonds. The Issuer, the Bondowner Representative and any other Person may treat the registered owner of any Bond as the absolute owner thereof, whether such Bond shall be overdue or not, for the purpose of receiving payment of, or on account of, the principal or redemption price of and interest on such Bond and for all other purposes whatsoever, and payment of the principal or redemption price, if any, of and interest on any such Bond shall be made only to, or upon the order of, such registered owner. All such payments to such registered owner shall be valid and effectual to satisfy and discharge the liability of the Issuer upon such Bond to the extent of the sum or sums so paid, and neither the Issuer nor any Bondowner Representative shall be affected by any notice to the contrary.

Ownership of Bonds. The Trustee and any bank or trust company in common control with the Trustee may in good faith buy, sell, own, hold and deal in any of the Bonds issued under and secured by this Indenture, and may join in or take any action which any Bondholder may be entitled to take with like effect as if the Trustee were not a party to this Indenture. The Trustee and any bank or trust company in common control with the Trustee, as principal or agent, may also engage in or be interested in any financial or other transaction with the Issuer or the Company, and may act as depository, trustee, or agent for any committee or body of holders of the Bonds issued under or secured by this Indenture or other obligations of the Issuer as freely as if it were not Trustee under this Indenture.