📄 Extracted Text (574 words)
financial institution with respect to certain Eligible Investments, as described
herein or specified by the Collateral Manager;
(iii) to indemnify the Trustee and its Officers, directors, employees and
agents for, and to hold them harmless against, any loss, liability or expense
incurred without negligence, willful misconduct or bad faith on their part, arising
out of or in connection with the acceptance or administration of this trust,
including the costs and expenses of defending themselves (including reasonable
attorney's fees and costs) against any claim or liability in connection with the
exercise or performance of any of their powers or duties hereunder; and
(iv) to pay the Trustee reasonable additional compensation together
with its expenses (including reasonable counsel fees) for any collection action
taken pursuant to Section 6.13 hereof.
(b) The Trustee's fee shall be calculated on the basis of the actual number of
days elapsed in the relevant period divided by 360. The Trustee shall receive amounts pursuant
to this Section 6.7 payable as Administrative Expenses as provided in Sections I I.1(a)(i) and (ii)
but only to the extent that funds are available for the payment thereof. Subject to Section 6.9, the
Trustee shall continue to serve as Trustee under this Indenture notwithstanding the fact that the
Trustee shall not have received amounts due it hereunder. No direction by the Securityholders
shall affect the right of the Trustee to collect amounts owed to it under this Indenture. If on any
date when an amount pursuant to this Section 6.7 shall be payable to the Trustee pursuant to this
Indenture insufficient funds are available for the payment thereof, any portion of such amount
not so paid shall be deferred and payable on such later date on which a fee shall be payable and
sufficient funds are available therefor.
(c) The Trustee hereby agrees not to cause the filing of a petition in
bankruptcy against either of the Co-Issuers for the non-payment to the Trustee of any amounts
provided by this Section 6.7 until at least one year and one day, or if longer the applicable
preference period then in effect, after the payment in full of all Securities issued under this
Indenture. The agreement and obligation of the Trustee pursuant to this Section 6.7(c) shall
survive the termination or resignation of the Trustee.
Section 6.8 Corporate Trustee Required;
There shall at all times be a Trustee hereunder which shall be an Independent
organization, national association or entity organized and doing business under the laws of the
United States of America or of any state thereof, authorized under such laws to exercise
corporate trust powers, having a combined capital and surplus of at least $200,000,000, subject
to supervision or examination by federal or state authority, having a rating of at least "Baal" by
Moody's and at least "BBB+" by S&P and having an office within the United States of America.
If such organization or entity publishes reports of condition at least annually, pursuant to law or
to the requirements of the aforesaid supervising or examining authority, then for the purposes of
this Section 6.8, the combined capital and surplus of such organization or entity shall be deemed
to be its combined capital and surplus as set forth in its most recent published report of condition.
If at any time the Trustee shall cease to be eligible in accordance with the provisions of this
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CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0072545
CONFIDENTIAL SDNY_GM_00218729
EFTA01376425
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EFTA01376425
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