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Select all of the following that are correct. The Trustee in a typical bond financing like the Nashville Convention Center: Upon an event of default,
Select all of the following that are correct. The Trustee in a typical bond financing like the Nashville Convention Center: Upon an event of default, and after notice of default and expiration of any cure period, can declare the issuer in default and seek all remedies as set out in the indenture and at law, including foreclosure. Administers (often through a paying agent) coupon payments to bond holders. Is a guarantor of the bonds Is typically a CPA or a lawyer and rarely the trust department of a major financial institution. Is authorized, as stated in the indenture, to administer the transaction(s) so long as bonds remain outstanding. Can invest bond proceeds in only those investments permitted in the indenture. Administers use of bond proceeds by disbursing funds for items authorized in the indenture. Receives the bond proceeds when the bonds are sold In the event of an insured loss, like a fire, is usually obligated to give the insurance proceeds to the issuer and not the Bond holders
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