Common use of Certain Duties and Responsibilities of Trustee Clause in Contracts

Certain Duties and Responsibilities of Trustee. (a) In case an Event of Default with respect to the Securities of a series has occurred (that has not been cured or waived), the Trustee shall exercise with respect to Securities of that series such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs.

Appears in 42 contracts

Samples: Indenture (Tyco International LTD /Ber/), Indenture (MARRIOTT VACATIONS WORLDWIDE Corp), Indenture (NetApp, Inc.)

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Certain Duties and Responsibilities of Trustee. (a) In case an Event of Default with respect to the Securities of a series has occurred (that has not been cured or waived), the Trustee shall exercise with respect to the Securities of that series such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs.

Appears in 10 contracts

Samples: Indenture (Blackboard Inc), Indenture (Adc Telecommunications Inc), Indenture (Adc Telecommunications Inc)

Certain Duties and Responsibilities of Trustee. (a) In case an Event of Default with respect to the Securities of a series has occurred (that has not been cured or waived), the Trustee shall exercise with respect to Securities of that series such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent person Person would exercise or use under the circumstances in the conduct of his or her own affairs.

Appears in 4 contracts

Samples: Prime Security Services (ADT Inc.), Prime Security Services (ADT Inc.), Indenture (ADT Inc.)

Certain Duties and Responsibilities of Trustee. (a) In case an Event of Default with respect to the Securities of a series has occurred (that has not been cured or waived)) and is continuing, the Trustee shall exercise with respect to the Securities of that such series such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs.

Appears in 3 contracts

Samples: Mallinckrodt PLC, Covidien PLC, Mallinckrodt PLC

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Certain Duties and Responsibilities of Trustee. (a) In case an Event of Default with respect to the Securities of a series has occurred (that has not been cured or waived), the Trustee shall exercise with respect to Securities of that series such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent person man would exercise or use under the circumstances in the conduct of his or her own affairs.

Appears in 3 contracts

Samples: Indenture (Computer Sciences Corp), Computer Sciences Corp, Computer Sciences Corp

Certain Duties and Responsibilities of Trustee. (a) In case an Event of Default with respect to the either Series of Securities of a series has occurred (that has not been cured or waived)) and has become known to the Trustee, the Trustee shall exercise with respect to such Series of Securities of that series such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs.

Appears in 1 contract

Samples: Indenture (Skyworks Solutions Inc)

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