Hometime

Hometime · Alberta legislation

SS Houses with a Secondary Suite

SS · Cooperatives Act

Part 11 — Trust Indentures Division 1 Interpretation and Application

255 Trustee may require evidence

Current to 2023-12-07 · Official PDF

(1) On the demand of a trustee, the issuer or guarantor must
provide the trustee with evidence in any form that the trustee
requires of compliance with any condition relating to any action
required or permitted to be taken by the issuer or guarantor under
the trust indenture.
(2) At least once in each 12-month period beginning on the date of
the trust indenture and at any other time on the demand of a trustee,

the issuer or guarantor must provide the trustee with a certificate
stating that the issuer or guarantor has complied with all
requirements contained in the trust indenture that, if not complied
with, would, with the giving of notice, lapse of time or otherwise,
constitute an event of default or, if there has been failure to so
comply, giving particulars of the failure.