Common use of Conflicting Interests of Trustee Clause in Contracts

Conflicting Interests of Trustee. (a) If the Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture.

Appears in 5 contracts

Samples: And (Xcyte Therapies Inc), Indenture (Xcyte Therapies Inc), International Shipholding Corp

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Conflicting Interests of Trustee. (a) If the Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Trustee Indenture Act and this Indenture.

Appears in 1 contract

Samples: Corestaff Inc

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