Concerning the Indenture Trustee Clause Samples
The "Concerning the Indenture Trustee" clause defines the rights, responsibilities, and limitations of the trustee appointed under an indenture agreement. It typically outlines the trustee's duties in administering the trust, managing assets, and acting on behalf of bondholders or other beneficiaries, while also specifying circumstances under which the trustee is protected from liability or may rely on advice from experts. This clause ensures that the trustee's role is clearly delineated, balancing their obligations with protections, and helps prevent disputes by clarifying expectations and boundaries of trustee conduct.
Concerning the Indenture Trustee. Notwithstanding anything contained herein to the contrary, this Agreement has been executed and delivered by Citibank, N.A., not in its individual capacity but solely as Indenture Trustee. The Indenture Trustee has the same rights, protections and immunities hereunder as it has under the Indenture as if such rights, protections and immunities were expressly set forth herein mutatis mutandis.
Concerning the Indenture Trustee. Section 9.01.
Concerning the Indenture Trustee. Section 901.
Concerning the Indenture Trustee. In furtherance and not in derogation of the rights, privileges and immunities of the Indenture Trustee specified in the Indenture:
(a) the Indenture Trustee is authorized to take all such action as is provided to be taken by it as Indenture Trustee under this Article and all other action reasonably incidental thereto. As to any matters not expressly provided for in this Article (including, without limitation, the timing and methods of realization upon any Collateral) the Indenture Trustee shall act or refrain from acting in accordance with written instructions from the Holder or Holders of the required percentage of aggregate principal amount of Notes for any instructions or, in the absence of such instructions, in accordance with its discretion; and
(b) the Indenture Trustee shall not be responsible for the existence, genuineness or value of any of the Collateral or for the validity, perfection, priority or enforceability of the Security Interest in any of the Collateral, whether impaired by operation of law or by reason of any action or omission to act on its part under the Indenture.
Concerning the Indenture Trustee. The Indenture Trustee shall be afforded the same rights, protections, immunities and indemnities set forth in the Indenture as if the same were specifically set forth herein.
Concerning the Indenture Trustee. The Indenture Trustee shall be afforded the same rights, protections, immunities and indemnities set forth in the Indenture as if the same were specifically set forth herein mutatis mutandis. Notwithstanding anything contained herein to the contrary, it is expressly understood and agreed by the parties hereto that this Agreement has been signed by Citibank, N.A., not in its individual capacity or personally but solely in its capacity as Indenture Trustee, in the exercise of the powers and authority conferred and vested in it under the Indenture, and in no event shall Citibank, N.A. in its individual capacity, have any liability for the representations, warranties, covenants, agreements or other obligations of any other Person under this Agreement or in any of the certificates, reports, documents, data, notices or agreements delivered pursuant hereto or thereto. The Indenture Trustee makes no representations or warranties as to nor assumes any responsibility for the correctness of the recitals contained herein, and the Indenture Trustee shall not be responsible or accountable in any way whatsoever for or with respect to the validity, execution or sufficiency of this Agreement and makes no representation with respect thereto. The Indenture Trustee has executed this Agreement as directed under and in accordance with the Indenture and will perform this Agreement solely in its capacity as Indenture Trustee for the benefit of the Secured Parties. Subject to the terms of the Indenture, the Indenture Trustee shall have no obligation to perform or exercise any discretionary act. The powers conferred on the Indenture Trustee hereunder are solely to protect the Secured Parties’ interest in the Account Security and shall not impose any duty upon it to exercise any such powers (unless otherwise explicitly provided herein).
Concerning the Indenture Trustee. In acting under this Agreement, the Indenture Trustee shall be afforded the rights, privileges, immunities and indemnities set forth in the Indenture as if fully set forth herein.
Concerning the Indenture Trustee. Section 7.01
Concerning the Indenture Trustee. In respect of the Indenture Trustee’s performance of appointing the Administrative Agent to provide the Bank Account Management Services set forth in Section 2.04 and in the Indenture, the Indenture Trustee shall be afforded all of the rights, protections, immunities and indemnities contained in the Security Trust Agreement as if such rights, protections, immunities and indemnities were specifically set forth herein.
Concerning the Indenture Trustee. Section 6.01. Duties and Responsibilities of the Indenture Trustee; During Default; Prior to Default .......................................................................................... 37 Section 6.02. Certain Rights of the Indenture Trustee .................................................... 38 Section 6.03. Indenture Trustee Not Responsible for Recitals, Disposition of Securities or Application of Proceeds Thereof .................................................................. 39 Section 6.04. Indenture Trustee and Agents May Hold Securities or Coupons; Collections, etc .............. 39 Section 6.05. Moneys Held by Indenture Trustee ........................................................... 40 Section 6.06. Compensation and Indemnification of Indenture Trustee and Its Prior Claim .................. 40 Section 6.07. Right of Indenture Trustee to Rely on Officer's Certificate, etc ........................... 40 Section 6.08. Indentures Not Creating Potential Conflicting Interests for the Indenture Trustee .......... 41 Section 6.09. Persons Eligible for Appointment as Indenture Trustee ...................................... 41 Section 6.10. Resignation and Removal; Appointment of Successor Trustee .................................. 41 Section 6.11. Acceptance of Appointment by Successor Trustee ............................................. 43 Section 6.12. Merger, Conversion, Consolidation or Succession to Business of Indenture Trustee ........... 44 Section 6.13. Preferential Collection of Claims Against the Issuer ....................................... 45 Section 6.14.