Certain Rights and Duties of Trustee. The Trustee, prior to the occurrence of an Event of Default and after curing or waiving all Events of Default that may have occurred, undertakes to perform only such duties as are specifically set forth in this Indenture and no implied covenants or obligations shall be read into this Indenture against the Trustee. In case an Event of Default has occurred (which has not been cured or waived) 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 their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. Except as otherwise provided in Section 315 of the Trust Indenture Act:
Appears in 4 contracts
Samples: Indenture (Covanta Holding Corp), Guarantee Agreement (Somerset Power LLC), Indenture (NRG Energy Inc)
