Common use of Conflicting Interest of Trustee Clause in Contracts

Conflicting Interest of Trustee. (a) If the Trustee has or shall acquire any conflicting interest, as defined in the Trust Indenture Act, it shall, within ninety (90) days after ascertaining that it has such conflicting interest, either eliminate such conflicting interest or resign in the manner and with the effect specified in the Trust Indenture Act.

Conflicting Interest of Trustee. (a) If the Trustee has or shall acquire any conflicting interestinterest with respect to the Securities of any series, as defined in the Trust Indenture ActAct of 1939, it shall, within ninety (90) 90 days after ascertaining that it has such conflicting interest, either eliminate such conflicting interest or resign with respect to the Securities of that series in the manner and with the effect specified in prescribed by the Trust Indenture ActAct of 1939.

Conflicting Interest of Trustee. (a) If the Trustee has or shall acquire any conflicting interestinterest with respect to the Securities of any series, as defined in the Trust Indenture Act, it Act of 1939. It shall, within ninety (90) 90 days after ascertaining that it has such conflicting interest, either eliminate such conflicting interest or resign with respect to the Securities of that series in the manner and with the effect specified in prescribed by the Trust Indenture ActAct of 1939.

Conflicting Interest of Trustee. (a) If the Trustee has or shall acquire any conflicting interest, as defined in the Trust Indenture ActAct of 1939, it shall, within ninety (90) days after ascertaining that it has such conflicting interest, either eliminate such conflicting interest or resign in the manner and with the effect specified in the Trust Indenture ActAct of 1939.