Conflicting Interests (Canadian Trustee) Clause Samples

Conflicting Interests (Canadian Trustee). If the Canadian Trustee has or shall acquire a conflicting interest or material conflict of interest within the meaning of Canadian Trust Indenture Legislation, the Canadian Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, Canadian Trust Indenture Legislation and this Indenture. To the extent permitted by Canadian Trust Indenture Legislation, the Canadian Trustee shall not be deemed to have a conflicting interest or material conflict of interest by virtue of being a trustee under this Indenture with respect to Securities of more than one Series. The Canadian Trustee represents and warrants to the Issuer and the Guarantors that it has no conflicting interest or material conflict of interest within the meaning of Canadian Trust Indenture Legislation.