Common use of Duties of Trustee Clause in Contracts

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 30 contracts

Samples: Indenture (Continental Resources, Inc), Indenture (Continental Resources, Inc), Indenture (Continental Resources, Inc)

AutoNDA by SimpleDocs

Duties of Trustee. (a) If an Event of Default actually known to a Responsible Officer of the Trustee has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, their exercise as a prudent person would exercise or use under the same circumstances in the conduct of such person’s his or her own affairs.

Appears in 30 contracts

Samples: M/I Homes, Inc., Indenture (M I Homes Inc), Indenture (Meritage Homes CORP)

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, such exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s 's own affairs.

Appears in 29 contracts

Samples: Indenture (Ames True Temper, Inc.), Ames True Temper, Inc., Esterline Technologies Corp

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, and is actually known to the Trustee, the Trustee shall shall, in the exercise such of the its rights and powers vested in it by under this Indenture, and use the same degree of care and skill in its exercise, exercise of such rights and powers as a prudent person Person would exercise or use under the circumstances in the conduct of such personPerson’s own affairs, subject to the provisions of clause (h) below.

Appears in 29 contracts

Samples: Indenture (Axalta Coating Systems Ltd.), Indenture (Mastec Inc), Indenture (Allison Transmission Holdings Inc)

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, continuing and is actually known to a Responsible Officer of the Trustee, the Trustee shall will exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 16 contracts

Samples: Indenture (Six Flags Entertainment Corp), Indenture (Six Flags Entertainment Corp), Indenture (Peabody Energy Corp)

Duties of Trustee. (a) If an Event of Default which the Trustee has, or is deemed to have, notice hereunder has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person Person would exercise or use under the circumstances in the conduct of such personPerson’s own affairs.

Appears in 15 contracts

Samples: Execution Version, Execution Version, Execution Version

Duties of Trustee. (a) If an Event of Master Servicer Default has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Agreement and use the same degree of care and skill in its exercise, exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 14 contracts

Samples: Pooling and Servicing Agreement (Bayview Financial Mortgage Pass-Through Trust 2006-A), Pooling and Servicing Agreement (Bayview Financial Mortgage Pass-Through Trust 2006-C), Pooling and Servicing Agreement (Bayview Financial Mortgage Pass-Through Trust 2007-B)

Duties of Trustee. (a) If an Event of Default actually known to a Responsible Officer of the Trustee has occurred and is continuing, and is actually known to the Trustee, the Trustee shall will exercise such of the rights and powers vested in it by under this Indenture, and use the same degree of care and skill in its their exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s its own affairs.

Appears in 13 contracts

Samples: Indenture (Alliance Data Systems Corp), Indenture (Alliance Data Systems Corp), Bread Financial Holdings, Inc.

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, and is actually known to continuing of which a Responsible Officer of the TrusteeTrustee has knowledge, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, as a prudent person man would exercise or use under the circumstances in the conduct of such person’s his own affairs.

Appears in 13 contracts

Samples: Indenture (Albecca Inc), Supplemental Indenture (Century Parking Inc), Supplemental Indenture (Apcoa Inc)

Duties of Trustee. (a) If an Event of Default actually known to a Responsible Officer of the Trustee has occurred and is continuing, and is actually known to the Trustee, the Trustee shall shall, in the exercise such of the rights and powers vested in it by this Indentureits power, and use the same degree of care and skill in its exercise, as of a prudent person would exercise or use under the in similar circumstances in the conduct of such person’s his own affairs.

Appears in 13 contracts

Samples: Indenture (Match Group, Inc.), Indenture (Match Group, Inc.), Indenture (Match Group, Inc.)

Duties of Trustee. (a) If an Event of Default actually known to a Responsible Officer of the Trustee has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, their exercise as a prudent person man would exercise or use under the same circumstances in the conduct of such person’s his own affairs.

Appears in 12 contracts

Samples: Indenture (Aircraft Service International Inc), Indenture (MMH Holdings Inc), Indenture (Sandhills Inc)

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, continuing and is actually known to a Responsible Officer of the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 11 contracts

Samples: Indenture (Organon & Co.), Indenture (Cano Health, Inc.), Indenture (Healthcare Royalty, Inc.)

Duties of Trustee. (a) If an Event of Default with respect to any Series of Securities has occurred and is continuing, and is actually known to the Trustee, the Trustee shall will exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 11 contracts

Samples: Indenture (Clearway Energy, Inc.), Indenture (Clearway Energy LLC), Indenture (Clearway Energy, Inc.)

Duties of Trustee. (a) If an Event of Default has ----------------- occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, their exercise as a prudent person Person would exercise or use under the circumstances in the conduct of such person’s Person's own affairs.

Appears in 11 contracts

Samples: Indenture (Fs Equity Partners Iii Lp), Sailors Inc, Chippac LTD

Duties of Trustee. (a) If an Event of Default has occurred (and is continuing, and is actually known to the Trusteehas not been cured), the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 11 contracts

Samples: Indenture (Uniti Group Inc.), Indenture (Uniti Group Inc.), Indenture (Uniti Group Inc.)

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, and is actually known to continuing of which a Trust Officer of the TrusteeTrustee has actual knowledge, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, exercise as a prudent person man would exercise or use under the circumstances in the conduct of such person’s his own affairs.

Appears in 9 contracts

Samples: Indenture (Sealed Air Corp/De), Indenture (Sealed Air Corp/De), Indenture (Sealed Air Corp/De)

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, and continuing (which is actually known to the Trustee), the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 9 contracts

Samples: Indenture (Azul Sa), Indenture (Viasat Inc), Indenture (Diamond Offshore Drilling, Inc.)

Duties of Trustee. (a) If an Event of Default with respect to the Securities of any series has occurred and is continuing, and is actually known to the Trustee, the Trustee shall will exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 9 contracts

Samples: Indenture (Care Capital Properties, LP), Indenture (Care Capital Properties, LP), Indenture (Ventas Inc)

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, and is actually known subject to any direction received by the Trusteerequisite Holders, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 9 contracts

Samples: Equinix Europe (Equinix Europe 2 Financing Corp LLC), Indenture (SMART Global Holdings, Inc.), Indenture (Tetralogic Pharmaceuticals Corp)

Duties of Trustee. (a) If an Event of Default actually known to a Responsible Officer of the Trustee has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, exercise as a prudent person would exercise or use under the same circumstances in the conduct of such person’s his or her own affairs.

Appears in 9 contracts

Samples: Indenture (Trilogy International Partners Inc.), Supplemental Indenture (Trilogy International Partners Inc.), Indenture (ER Marks, Inc.)

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, and is actually known to continuing of which a Trust Officer of the TrusteeTrustee has actual knowledge, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 9 contracts

Samples: Indenture (InterXion Holding N.V.), Indenture (InterXion Holding N.V.), Indenture (Hungarian Telephone & Cable Corp)

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, continuing and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 9 contracts

Samples: Indenture (Pactiv Evergreen Inc.), Intercreditor Agreement (MICROSTRATEGY Inc), Passu Intercreditor Agreement (CPI Card Group Inc.)

Duties of Trustee. (a) If an Event of Default has occurred occurred, has not been waived and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 8 contracts

Samples: Indenture (Broadcom Inc.), Indenture (Broadcom Inc.), Indenture (Broadcom Inc.)

Duties of Trustee. (a) If an Event of Default actually known to a Responsible Officer of the Trustee has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, their exercise as a prudent person would exercise or use under the same circumstances in the conduct of such person’s 's own affairs.

Appears in 8 contracts

Samples: Indenture (Massey Energy Co), Indenture (Norske Skog Canada LTD), Indenture (Norske Skog Canada LTD)

Duties of Trustee. (a) If to the knowledge of the Trustee an Event of Default has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s his own affairs.

Appears in 8 contracts

Samples: Indenture (Citadel Broadcasting Corp), Citadel Broadcasting Corp, Sina Corp

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exerciseexercise of such rights and powers, as a prudent person would exercise or use under the circumstances in the conduct of such person’s 's own affairs.

Appears in 8 contracts

Samples: Pledge Agreement (Pg&e National Energy Group Inc), Pledge Agreement (Pg&e National Energy Group Inc), Pledge Agreement (Pg&e National Energy Group Inc)

Duties of Trustee. (a) If an Event of Default actually known or notified in writing to a Trust Officer of the Trustee has occurred and is continuing, continuing and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 8 contracts

Samples: Third Lien Intercreditor Agreement (Frontier Communications Parent, Inc.), Third Lien Intercreditor Agreement (Frontier Communications Parent, Inc.), Initial Agreement (Frontier Communications Corp)

Duties of Trustee. (a) If an Event of Default of which the Trustee has knowledge has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its their exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s his or her own affairs.

Appears in 7 contracts

Samples: Schulman a Inc, Indenture (Ashland Inc.), Toys R Us Property Co II, LLC

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, continuing and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, exercise as a prudent person Person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 7 contracts

Samples: Indenture (Ladder Capital Corp), Indenture (Restaurant Brands International Inc.), Indenture (Restaurant Brands International Limited Partnership)

Duties of Trustee. (a) If an Event of Default has occurred occurred, of which the Trustee is deemed to have notice, and is continuing, and is actually known to the Trustee, the Trustee shall may exercise such of the rights and powers vested in it by this Indenture, Indenture and shall use the same degree of care and skill in its exercise, exercise thereof as a prudent person would exercise or use under the circumstances in the conduct of such person’s his own affairs.

Appears in 7 contracts

Samples: First Supplemental Indenture (GMX Resources Inc), Intercreditor Agreement (GMX Resources Inc), Indenture (GMX Resources Inc)

Duties of Trustee. (a) If an Event of Default with respect to any series of Securities has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise with respect to Securities of such of the series such rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, such exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 7 contracts

Samples: Zion Oil & Gas Inc, Zion Oil & Gas Inc, Orgenesis Inc.

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, and is actually known to continuing of which a Trust Officer of the TrusteeTrustee has actual knowledge, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 7 contracts

Samples: Indenture (Norwegian Cruise Line Holdings Ltd.), Indenture (Carnival PLC), Indenture (Norwegian Cruise Line Holdings Ltd.)

Duties of Trustee. (a) If an Event of Default known to the Trustee has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s his or her own affairs, subject however to Section 10.11(j) hereof.

Appears in 6 contracts

Samples: Intercreditor Agreement (Erickson Air-Crane Inc.), Intercreditor Agreement (Headwaters Inc), Indenture (Nortek Inc)

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, and is actually known to continuing of which a Responsible Officer of the TrusteeTrustee has received written notice, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 6 contracts

Samples: Indenture (Royal Caribbean Cruises LTD), Indenture (Royal Caribbean Cruises LTD), Indenture (Royal Caribbean Cruises LTD)

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, and is actually known to the Trustee, the Trustee shall will, in the exercise such of the its rights and powers vested in it by under this Indenture, and use the same degree of care and skill in its exercise, exercise of such rights and powers as a prudent person Person would exercise or use under the circumstances in the conduct of such personPerson’s own affairs, subject to the provisions of clause (h) below.

Appears in 6 contracts

Samples: Indenture (Leslie's, Inc.), Guarantors (Neiman Marcus Group LTD LLC), Neiman Marcus Group LTD LLC

Duties of Trustee. (a) If an Event of Default known to the Trustee has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its their exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 5 contracts

Samples: Nextera Energy Partners, Lp, Nextera Energy Partners, Lp, Indenture (NRG Yield, Inc.)

Duties of Trustee. (a) If an Event of Default with respect to the Notes of any series has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 5 contracts

Samples: Base Indenture (Dell Technologies Inc.), Base Indenture (Dell Technologies Inc), Base Indenture (Symantec Corp)

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, continuing and is actually known to a Responsible Officer of the TrusteeTrustee has received written notification thereof, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 5 contracts

Samples: Indenture (Qorvo, Inc.), Indenture (Qorvo, Inc.), Indenture (Qorvo, Inc.)

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, and is actually known to the Trustee, at such time as the Trustee has actual knowledge thereof, shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, their exercise as a prudent person man would exercise or use under the circumstances in the conduct of such person’s his own affairs.

Appears in 5 contracts

Samples: Indenture (Lexington Precision Corp), Indenture (Lexington Precision Corp), Lexington Precision Corp

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, continuing and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s his or her own affairs.

Appears in 5 contracts

Samples: Indenture (Clean Harbors Inc), Clean Harbors Inc, Indenture (Clean Harbors Inc)

Duties of Trustee. (a) If an Event of Default known to the Trustee has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s his own affairs.

Appears in 5 contracts

Samples: Credit Agreement (Republic Engineered Steels Inc), Navistar International Corp /De/New, Jorgensen Earle M Co /De/

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, and it is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 5 contracts

Samples: Sunoco, LLC, Landmark Infrastructure Finance Corp., Form of Indenture (LD Acquisition Co 7 LLC)

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, continuing and is actually known to a Responsible Officer of the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this IndentureIndenture and the Security Documents, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 5 contracts

Samples: Indenture (Target Hospitality Corp.), Williams Scotsman (WillScot Mobile Mini Holdings Corp.), Supplemental Indenture (Target Hospitality Corp.)

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, continuing and is actually known to the Trusteea Responsible Officer has actual knowledge thereof, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, exercise as a prudent person Person would exercise or use under the circumstances in the conduct of such personPerson’s own affairs.

Appears in 5 contracts

Samples: Indenture (Watford Holdings Ltd.), Indenture (Latam Airlines Group S.A.), Indenture (Latam Airlines Group S.A.)

Duties of Trustee. (a) If an Event of Default actually known to a Trust Officer of the Trustee has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, their exercise as a prudent person Person would exercise or use under the circumstances in the conduct of such person’s Person's own affairs.

Appears in 4 contracts

Samples: Indenture (Healthsouth Corp), Indenture (Healthsouth Corp), Supplemental Indenture (Ifco Systems Nv)

Duties of Trustee. (a) If an Event of Default of which the Trustee has knowledge has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 4 contracts

Samples: Indenture (Solectron Corp), Indenture (Oasis Interval Ownership, LLC), Indenture (TWC Holding Corp.)

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, and is actually known to continuing (of which a Responsible Officer of the TrusteeTrustee has received written notice or has actual knowledge), the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 4 contracts

Samples: Indenture (Vivint Smart Home, Inc.), Indenture (APX Group Holdings, Inc.), Indenture (APX Group Holdings, Inc.)

Duties of Trustee. (a) If an Event of Default of which a Responsible Officer has knowledge has occurred and is continuing, and is actually known continuing with respect to the Trusteeany Series of Securities, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, exercise thereof as a prudent person Person would exercise or use under the circumstances in the conduct of such personPerson’s own affairs.

Appears in 4 contracts

Samples: Indenture (Healthpeak OP, LLC), Physicians Realty L.P., Physicians Realty L.P.

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, continuing and is actually known to the Trusteea Responsible Officer has received written notification thereof, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, exercise as a prudent person Person would exercise or use under the circumstances in the conduct of such personPerson’s own affairs.

Appears in 4 contracts

Samples: Azul Sa, Azul Sa, Azul Sa

Duties of Trustee. (a) If an Event of Default of which the Trustee has knowledge has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s its own affairs.

Appears in 4 contracts

Samples: Indenture (Douglas Dynamics, Inc), Indenture (Douglas Dynamics, Inc), Indenture (CSK Auto Corp)

Duties of Trustee. (a) If an Event of Default has bas occurred and is continuing, and is actually known to the Trustee, the Trustee shall will exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 4 contracts

Samples: Indenture (Sunoco LP), Indenture (Sunoco LP), Indenture (Regency Energy Partners LP)

Duties of Trustee. (a) If an Event of Default with respect to the Securities of any series has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s 's own affairs.

Appears in 4 contracts

Samples: Indenture (NCS of Illinois Inc), Indenture (NCS of Illinois Inc), Ail Technologies Inc

Duties of Trustee. (a) If an Event of Default actually known to a Responsible Officer of the Trustee has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, their exercise as a prudent person would exercise or use under the same circumstances in the conduct of such person’s own affairs.

Appears in 4 contracts

Samples: Indenture (Catalyst Paper Corp), Satisfaction and Discharge (Catalyst Paper Corp), Indenture (Massey Energy Co)

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, exercise as a prudent person Person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 4 contracts

Samples: Indenture (Builders FirstSource, Inc.), Indenture (Builders FirstSource, Inc.), Indenture (Builders FirstSource, Inc.)

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, and is actually known continuing with respect to the Trusteeany series of Notes, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 4 contracts

Samples: Indenture (Hilton Worldwide Holdings Inc.), Indenture (Hilton Worldwide Holdings Inc.), Indenture (Hilton Worldwide Holdings Inc.)

Duties of Trustee. (a) If an Event of Default with respect to the Securities of any series has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 4 contracts

Samples: Indenture (West Virginia Management Services Organization, Inc.), Indenture (Omnicare Inc), Lifepoint Health, Inc.

Duties of Trustee. (a) If an Event of Default known to the Trustee has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s 's own affairs.

Appears in 4 contracts

Samples: Supplemental Indenture (Muzak Finance Corp), Supplemental Indenture (Muzak Holdings Finance Corp), Supplemental Indenture (Muzak Finance Corp)

Duties of Trustee. (a) If an Event of Default of which a Responsible Officer of the Trustee has actual knowledge has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its their exercise, as a prudent person man would exercise or use under the circumstances in the conduct of such person’s his own affairs.

Appears in 4 contracts

Samples: Indenture (CVS Caremark Corp), Indenture (CVS Corp), Indenture (CVS Corp)

Duties of Trustee. (a) If an Event of Default has occurred occurred, of which the Trustee is deemed to have notice, and is continuing, and is actually known to the Trustee, the Trustee shall may exercise such of the rights and powers vested in it by this Indenture, Indenture and shall use the same degree of care and skill in its exercise, exercise thereof as a prudent person would exercise or use under the circumstances in the conduct of such person’s his own affairs.

Appears in 4 contracts

Samples: Indenture (Chaparral Energy, Inc.), Indenture (Chaparral Energy, Inc.), Indenture (Chaparral Energy, Inc.)

Duties of Trustee. (a) If an Event of Default of which the Trustee is deemed to have notice in accordance with Section 7.02(f) has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person Person would exercise or use under the circumstances in the conduct of such personPerson’s own affairs.

Appears in 4 contracts

Samples: Indenture (Quebecor Media Inc), Indenture (Quebecor Media Inc), Indenture (Quebecor Media Inc)

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, continuing and is actually known to the TrusteeTrustee (as provided in Section 7.02(g)), the Trustee shall will exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the similar circumstances in the conduct of such person’s own affairs.

Appears in 4 contracts

Samples: Supplemental Indenture (Permian Resources Corp), Supplemental Indenture (Permian Resources Corp), Indenture (HighPeak Energy, Inc.)

AutoNDA by SimpleDocs

Duties of Trustee. (a) If an Event of Default has occurred ----------------- and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and shall use the same degree of care and skill in its exercise, their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s 's own affairs.

Appears in 4 contracts

Samples: Indenture (United Usn Inc), McLeodusa Inc, McLeodusa Inc

Duties of Trustee. (a) If an Event of Default has ------------------------------- occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s 's own affairs.

Appears in 4 contracts

Samples: Indenture (Marriott International Inc /Md/), Indenture (Lowes Companies Inc), Indenture (Lowes Companies Inc)

Duties of Trustee. (a) If an Event of Default has ------------------ occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s 's own affairs.

Appears in 4 contracts

Samples: Indenture (Commercial Aggregates Transportation & Sales LLC), Article 9 (Kansas City Southern Industries Inc), Cytec Industries Inc/De/

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, continuing and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person man would exercise or use under the circumstances in the conduct of such person’s his own affairs.

Appears in 4 contracts

Samples: Indenture (Sanchez Energy Corp), Indenture (Summit Midstream Partners, LP), Supplemental Indenture (Summit Midstream Partners, LP)

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, and is actually known to continuing of which a Responsible Officer of the TrusteeTrustee has knowledge, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s 's own affairs.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Finova Group Inc), Collateral Trust Agreement (Finova Group Inc), Security Agreement (Air Packaging Technologies Inc)

Duties of Trustee. (a) If an Event of Default of which the Trustee has notice has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 3 contracts

Samples: Indenture (Lions Gate Entertainment Corp /Cn/), Indenture (Lions Gate Entertainment Corp /Cn/), Indenture (Lions Gate Entertainment Corp /Cn/)

Duties of Trustee. (a) If an Event of Default with respect to any Series of Securities has occurred and is continuing, and is actually known to the Trustee, the Trustee shall will exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s 's own affairs.

Appears in 3 contracts

Samples: Indenture (Corrections Corp of America), CCA Western Properties, Inc., Corrections Corp of America

Duties of Trustee. (ai) If an Event of Default Default, of which a Responsible Officer of the Trustee has received written notice, has occurred and is continuing, and is actually known to the Trustee, the Trustee shall will exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 3 contracts

Samples: Intercreditor Agreement (Ferroglobe PLC), Intercreditor Agreement (Ferroglobe PLC), Intercreditor Agreement (Ferroglobe PLC)

Duties of Trustee. (a) If an Event of Default actually known to a Responsible Officer of the Trustee has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, the Indenture and use the same degree of care and skill in its exercise, their exercise as a prudent person would exercise or use under the circumstances in the conduct of such personPerson’s own affairs.

Appears in 3 contracts

Samples: Merger (Spansion Inc.), Indenture (Spansion Inc.), Indenture (Spansion Inc.)

Duties of Trustee. (a) If an Event of Default actually known to a Responsible Officer of the Trustee has occurred and is continuing, and is actually known to the Trustee, the Trustee shall will exercise such of the rights and powers vested in it by under this Indenture, and use the same degree of care and skill in its their exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 3 contracts

Samples: Note (Reynolds American Inc), British American Tobacco p.l.c., British American Tobacco p.l.c.

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, and is actually known to continuing of which a Responsible Officer of the TrusteeTrustee has knowledge, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s 's own affairs.

Appears in 3 contracts

Samples: Indenture (Nebco Evans Holding Co), Indenture (Aei Resources Inc), Corporacion Durango S.A .De C.V.

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, continuing and is actually known to the Trustee, the Trustee shall will exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person man would exercise or use under the circumstances in the conduct of such person’s his own affairs.

Appears in 3 contracts

Samples: Range Resources (Range Resources Corp), Range Resources (Range Resources Corp), Indenture (Range Resources Corp)

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, and continuing (of which the Trustee is actually known deemed to have notice thereof within the Trusteemeaning of Section 7.02(l) hereof), the Trustee shall will exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 3 contracts

Samples: Indenture (A. M. Castle & Co.), Indenture (Total Plastics, Inc.), Indenture (Castle a M & Co)

Duties of Trustee. (a) If an Event of Default actually known to a Responsible Officer of the Trustee has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, their exercise as a prudent person would exercise or use under the circumstances in the conduct of such personPerson’s own affairs.

Appears in 3 contracts

Samples: Indenture (Spansion Inc.), Indenture (Scripps Networks Interactive, Inc.), Intertape Woven Products Services S.A. De C.V.

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, continuing and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, exercise thereof as a prudent person would exercise or use under the circumstances in the conduct of such person’s his own affairs.

Appears in 3 contracts

Samples: Tia Indenture (Cherokee International Finance Inc), Indenture (Nm Licensing LLC), Applied Power Inc

Duties of Trustee. (a) If an Event of Default actually known to a Trust Officer of the Trustee has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, their exercise as a prudent person Person would exercise or use under the circumstances in the conduct of such personPerson’s own affairs.

Appears in 3 contracts

Samples: Indenture (Healthsouth Corp), Healthsouth Corp, Healthsouth Corp

Duties of Trustee. (a) If an Event of Default has occurred of which a Responsible Officer of the Trustee has actual knowledge and is continuing, and is actually known to the Trustee, the Trustee shall will exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 3 contracts

Samples: Supplemental Indenture (Vector Group LTD), Indenture (Vector Group LTD), Indenture (Vector Group LTD)

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, and is actually known to a responsible officer of the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its their exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 3 contracts

Samples: Indenture (Pra Group Inc), Indenture (Pra Group Inc), Indenture (Pra Group Inc)

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exerciseexercise thereof, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 3 contracts

Samples: Indenture (BlackRock Funding, Inc. /DE), BlackRock Inc., GPT Operating Partnership LP

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this IndentureIndenture and the Guarantee Agreement, and use the same degree of care and skill in its their exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s his own affairs.

Appears in 3 contracts

Samples: Indenture (Calpine Corp), Indenture (Calpine Canada Energy Finance Ulc), Indenture (Calpine Canada Energy Finance Ulc)

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, continuing and is actually known to a Responsible Officer of the TrusteeTrustee (in accordance with Section 7.02(g)), the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 3 contracts

Samples: Indenture (Hill-Rom Holdings, Inc.), Indenture (Hill-Rom Holdings, Inc.), Indenture (Hill-Rom Holdings, Inc.)

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, continuing and is actually known to the TrusteeTrustee has actual knowledge of such Event of Default, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, their exercise as a prudent person Person would exercise or use under the circumstances in the conduct of such personPerson’s own affairs.

Appears in 3 contracts

Samples: Indenture (Wolverine Tube Inc), Indenture (Wt Holding Company, Inc), Indenture (Wolverine Tube Inc)

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, continuing and is actually known to a Responsible Officer of the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 3 contracts

Samples: Indenture (Knife River Holding Co), Credit Agreement (Embecta Corp.), Credit Agreement (Embecta Corp.)

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, and is actually known to continuing of which a Responsible Officer of the TrusteeTrustee has actual knowledge, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.;

Appears in 3 contracts

Samples: Indenture (Foresight Energy Partners LP), Indenture (Armstrong Coal Company, Inc.), Indenture (Foresight Energy Partners LP)

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, and is actually known continuing with respect to the TrusteeSecurities of any series, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s 's own affairs.

Appears in 3 contracts

Samples: Amkor Technology Inc, Amkor Technology Inc, Amkor International Holdings, LLC

Duties of Trustee. (a) If an Event of Default known to the Trustee has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, exercise thereof as a prudent person would exercise or use under the circumstances in the conduct of such person’s his own affairs.

Appears in 3 contracts

Samples: Universal Compression Inc, Universal Compression Inc, Universal Compression Holdings Inc

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers of which the Trustee has actual knowledge vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person man would exercise or use under the circumstances in the conduct of such person’s his own affairs.

Appears in 3 contracts

Samples: Indenture (Complete Production Services, Inc.), Indenture (Grant Prideco Inc), Grant Prideco Inc

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, and is actually known to the Trustee, the Trustee once it becomes aware of any such Event of Default, shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, their exercise as a prudent person Person would exercise or use under the circumstances in the conduct of such personPerson’s own affairs.

Appears in 3 contracts

Samples: Indenture (Eclipse Resources Corp), Indenture (Eclipse Resources Corp), Indenture (Magnum Hunter Resources Corp)

Duties of Trustee. (a) If an Event of Default with respect to the Notes has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such personPerson’s own affairs.

Appears in 3 contracts

Samples: Indenture (Sba Communications Corp), Indenture (Sba Communications Corp), Indenture (Sba Communications Corp)

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, and is actually known to continuing of which a Responsible Officer of the TrusteeTrustee has actual knowledge, the Trustee shall will exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 2 contracts

Samples: Additional Intercreditor Agreement, Additional Intercreditor Agreement

Duties of Trustee. (a) If an Event of Default actually known to a Responsible Officer of the Trustee has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s his or her own affairs.

Appears in 2 contracts

Samples: Eircom Funding (Valentia Telecommunications), Senior Indenture (Valentia Telecommunications)

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this IndentureIndenture with respect to Securities of any series, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 2 contracts

Samples: Western Digital Technologies Inc, Graftech International LTD

Duties of Trustee. (a) If an Event of Default actually known to a Responsible Officer of the Trustee has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s 's own affairs.

Appears in 2 contracts

Samples: Indenture (River Marine Terminals Inc), Oro Spanish Broadcasting Inc

Duties of Trustee. (a) If an Event of Default actually known to a Responsible Officer of the Trustee has occurred and is continuing, and is actually known to the Trustee, the Trustee shall will exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 2 contracts

Samples: Global Security (Radio One, Inc.), Indenture (Radio One, Inc.)

Duties of Trustee. (a) If In case an Event of Default has which the Trustee has, or is deemed to have, notice hereunder shall have occurred and is be continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person Person would exercise or use under the circumstances in the conduct of such personPerson’s own affairs.

Appears in 2 contracts

Samples: Indenture (GameStop Corp.), Indenture (GameStop Corp.)

Duties of Trustee. (a) If an Event of Default with respect to any Series of Securities as to which it is Trustee has occurred and is continuing, and is actually known to the Trustee, the Trustee shall will exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 2 contracts

Samples: Indenture (Vistra Corp.), Vistra Energy Corp.

Duties of Trustee. (a) If an Event of Default known to the Trustee has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 2 contracts

Samples: Indenture (Muzak Heart & Soul Foundation), Indenture (Muzak LLC)

Duties of Trustee. (a) If an Event of Default has occurred and is continuing, continuing and is actually known to a Trust Officer of the TrusteeTrustee has actual knowledge of such Event of Default, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 2 contracts

Samples: Indenture (CLARIVATE PLC), Supplemental Indenture (CLARIVATE PLC)

Duties of Trustee. (a) If an Event of Default of which the Trustee has knowledge has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s his or her own affairs.

Appears in 2 contracts

Samples: Spirit AeroSystems Holdings, Inc., Spirit AeroSystems Holdings, Inc.

Time is Money Join Law Insider Premium to draft better contracts faster.