{"component": "clause", "props": {"groups": [{"samples": [{"hash": "lCVLO3ZaZX8", "uri": "/contracts/lCVLO3ZaZX8#covenants-of-the-trustee", "label": "Loan Funding and Servicing Agreement (Patriot Capital Funding, Inc.)", "score": 21.0, "published": true}, {"hash": "jQRQ5vueAnW", "uri": "/contracts/jQRQ5vueAnW#covenants-of-the-trustee", "label": "Loan Funding and Servicing Agreement (Patriot Capital Funding, Inc.)", "score": 21.0, "published": true}, {"hash": "eOhK1K56T22", "uri": "/contracts/eOhK1K56T22#covenants-of-the-trustee", "label": "Loan Funding and Servicing Agreement (Patriot Capital Funding, Inc.)", "score": 21.0, "published": true}], "snippet_links": [{"key": "the-trustee", "type": "clause", "offset": [0, 11]}], "snippet": "The Trustee hereby covenants that:", "size": 7, "hash": "edbc4ed55c8cd444b46900cf678246ee", "id": 1}, {"samples": [{"hash": "8bGSMubcrs3", "uri": "/contracts/8bGSMubcrs3#covenants-of-the-trustee", "label": "Deed of Trust (Reynolds American Inc)", "score": 21.0, "published": true}, {"hash": "jdxRT3ygU2W", "uri": "/contracts/jdxRT3ygU2W#covenants-of-the-trustee", "label": "Deed of Trust (Rj Reynolds Tobacco Holdings Inc)", "score": 18.0, "published": true}, {"hash": "5wJI2nE6H34", "uri": "/contracts/5wJI2nE6H34#covenants-of-the-trustee", "label": "Deed of Trust (Rj Reynolds Tobacco Holdings Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-trustee", "type": "clause", "offset": [0, 11]}, {"key": "the-trusts", "type": "clause", "offset": [83, 93]}, {"key": "hereby-waives", "type": "clause", "offset": [114, 127]}, {"key": "statutory-fee", "type": "definition", "offset": [132, 145]}, {"key": "compensation-for", "type": "clause", "offset": [176, 192]}, {"key": "services-rendered", "type": "definition", "offset": [197, 214]}, {"key": "in-accordance-with", "type": "definition", "offset": [221, 239]}, {"key": "the-terms", "type": "definition", "offset": [240, 249]}, {"key": "trustee-may-consult-with-counsel", "type": "clause", "offset": [262, 294]}, {"key": "legal-matters", "type": "clause", "offset": [380, 393]}, {"key": "advice-of-counsel", "type": "clause", "offset": [404, 421]}, {"key": "trustee-shall", "type": "definition", "offset": [427, 440]}, {"key": "personal-liability", "type": "definition", "offset": [455, 473]}, {"key": "gross-negligence-or-willful-misconduct", "type": "definition", "offset": [499, 537]}, {"key": "trustee-may-rely", "type": "clause", "offset": [547, 563]}, {"key": "action-taken", "type": "clause", "offset": [636, 648]}, {"key": "in-good-faith", "type": "definition", "offset": [707, 720]}], "snippet": "The Trustee, by its acceptance hereof, covenants faithfully to perform and fulfill the trusts herein created, and hereby waives any statutory fee and agrees not to require any compensation for any services rendered by it in accordance with the terms hereof. The Trustee may consult with counsel upon any matters arising hereunder and shall be fully protected in relying as to the legal matters or on the advice of counsel. The Trustee shall not incur any personal liability hereunder except for his gross negligence or willful misconduct, and the Trustee may rely on any instrument, document, or signature authorizing or supporting any action taken or proposed to be taken by him hereunder, believed by him in good faith to be genuine.", "size": 4, "hash": "f73a6ca54bf65b92cd6400e52dee46fe", "id": 2}, {"samples": [{"hash": "jtZzP6RoJA7", "uri": "/contracts/jtZzP6RoJA7#covenants-of-the-trustee", "label": "Supplemental Indenture (PLM International Inc)", "score": 18.0, "published": true}, {"hash": "99fY2yM7k9b", "uri": "/contracts/99fY2yM7k9b#covenants-of-the-trustee", "label": "Supplemental Indenture (American Finance Group Inc /De/)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-trustee", "type": "clause", "offset": [0, 11]}, {"key": "at-any-time", "type": "clause", "offset": [48, 59]}, {"key": "from-time-to-time", "type": "clause", "offset": [64, 81]}, {"key": "access-to-documentation", "type": "clause", "offset": [100, 123]}, {"key": "reasonable-request", "type": "definition", "offset": [215, 233]}, {"key": "normal-business-hours", "type": "definition", "offset": [246, 267]}, {"key": "the-servicer", "type": "definition", "offset": [284, 296]}, {"key": "confidentiality-procedures", "type": "clause", "offset": [319, 345]}, {"key": "the-custodian", "type": "definition", "offset": [379, 392]}], "snippet": "The Trustee hereby agrees that it shall provide at any time and from time to time to the Deal Agent access to documentation regarding the Included Leases, such access being afforded without charge but only (a) upon reasonable request, (b) during normal business hours, (c) subject to the Servicer's normal security and confidentiality procedures and (d) at offices designated by the Custodian or the Trustee.", "size": 3, "hash": "5fa768d98a7c5a806e34f4ba7003717e", "id": 3}, {"samples": [{"hash": "jdfqq4X9ZUY", "uri": "/contracts/jdfqq4X9ZUY#covenants-of-the-trustee", "label": "Indenture (PSNH Funding LLC)", "score": 18.0, "published": true}, {"hash": "bSyxtzE2s85", "uri": "/contracts/bSyxtzE2s85#covenants-of-the-trustee", "label": "Indenture (PSNH Funding LLC)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-trustee", "type": "clause", "offset": [0, 11]}, {"key": "the-collection-account", "type": "clause", "offset": [83, 105]}, {"key": "the-financial-institution", "type": "clause", "offset": [135, 160]}, {"key": "the-security", "type": "clause", "offset": [375, 387]}, {"key": "the-securities-intermediary", "type": "clause", "offset": [408, 435]}, {"key": "with-respect-to", "type": "clause", "offset": [436, 451]}, {"key": "the-securities-account", "type": "clause", "offset": [452, 474]}, {"key": "security-entitlements", "type": "clause", "offset": [483, 504]}, {"key": "accurate-and-complete-records", "type": "clause", "offset": [640, 669]}, {"key": "financial-assets", "type": "clause", "offset": [677, 693]}, {"key": "the-collateral", "type": "definition", "offset": [730, 744]}, {"key": "ordinary-course", "type": "definition", "offset": [872, 887]}, {"key": "securities-accounts", "type": "clause", "offset": [914, 933]}, {"key": "at-all-times", "type": "definition", "offset": [1043, 1055]}, {"key": "located-in", "type": "definition", "offset": [1059, 1069]}, {"key": "books-and-records", "type": "definition", "offset": [1087, 1104]}, {"key": "relating-to", "type": "definition", "offset": [1105, 1116]}, {"key": "these-securities", "type": "definition", "offset": [1124, 1140]}, {"key": "state-of-new-york", "type": "definition", "offset": [1148, 1165]}, {"key": "eligible-investments", "type": "clause", "offset": [1268, 1288]}, {"key": "investments-in", "type": "clause", "offset": [1341, 1355]}, {"key": "agree-to", "type": "clause", "offset": [1479, 1487]}, {"key": "comply-with", "type": "clause", "offset": [1488, 1499]}, {"key": "entitlement-orders", "type": "definition", "offset": [1500, 1518]}, {"key": "any-person", "type": "definition", "offset": [1522, 1532]}, {"key": "agrees-to", "type": "clause", "offset": [1662, 1671]}, {"key": "consent-of", "type": "clause", "offset": [1730, 1740]}, {"key": "any-other-person", "type": "definition", "offset": [1741, 1757]}], "snippet": "The Trustee hereby covenants and agrees as follows:\n(a) the Trustee will establish the Collection Account as a Securities Account;\n(b) the financial institution that is the Trustee, acting as Securities Intermediary, will identify the Collection Account in its records as a Securities Account of the Trustee and will identify the Trustee in such records as the Person having the Security Entitlement against the Securities Intermediary with respect to the Securities Account and all Security Entitlements carried in the Securities Account;\n(c) the financial institution that is the Trustee, acting as Securities Intermediary, will maintain accurate and complete records of the Financial Assets in the Securities Account such that the Collateral is objectively determinable;\n(d) the financial institution that is the Trustee, acting as Securities Intermediary, will in the ordinary course of its business, maintain securities accounts for its customers, will act in that capacity in holding the Securities Account under this Indenture and will at all times be located in and maintain its books and records relating to all of these securities in the State of New York;\n(e) the financial institution that is the Trustee, acting as Securities Intermediary, will treat all Eligible Investments as Financial Assets and will duly hold the Eligible Investments in the Securities Account; and\n(f) the financial institution that is the Trustee, acting as Securities Intermediary, will not agree to comply with entitlement orders of any Person other than the Trustee with respect to the Securities Account or any Security Entitlements carried in the Securities Account and agrees to comply with entitlement orders of the Trustee without the consent of any other Person.", "size": 3, "hash": "2ffd7a9b52959a1bf677a81d8abc5377", "id": 4}, {"samples": [{"hash": "3HFnxAkrcyN", "uri": "/contracts/3HFnxAkrcyN#covenants-of-the-trustee", "label": "Debenture Trust Deed", "score": 24.6824093087, "published": true}, {"hash": "bzYIqwyNXND", "uri": "/contracts/bzYIqwyNXND#covenants-of-the-trustee", "label": "Debenture Trust Deed", "score": 24.6495550992, "published": true}], "snippet_links": [{"key": "in-this-deed", "type": "clause", "offset": [55, 67]}, {"key": "the-trustee", "type": "clause", "offset": [69, 80]}, {"key": "eligibility-criteria", "type": "definition", "offset": [279, 299]}, {"key": "to-act", "type": "definition", "offset": [307, 313]}, {"key": "companies-act", "type": "clause", "offset": [339, 352]}, {"key": "share-capital", "type": "definition", "offset": [369, 382]}, {"key": "debt-regulations", "type": "definition", "offset": [416, 432]}, {"key": "debenture-trustee-regulations", "type": "definition", "offset": [438, 467]}, {"key": "other-applicable-laws", "type": "clause", "offset": [472, 493]}, {"key": "trustee-shall", "type": "definition", "offset": [504, 517]}, {"key": "at-all-times", "type": "definition", "offset": [518, 530]}, {"key": "comply-with", "type": "clause", "offset": [531, 542]}, {"key": "duties-and-obligations", "type": "clause", "offset": [547, 569]}], "snippet": "(i) Notwithstanding anything to the contrary contained in this Deed, the Trustee undertakes that for so long as it is acting as the Trustee, it shall:\n(A) not do any act or deed which will disqualify it from acting as the Trustee; and\n(B) ensure that it continues to satisfy the eligibility criteria for it to act as the Trustee under the Companies Act, the Companies (Share Capital and Debentures) Rules, 2014, the Debt Regulations, the Debenture Trustee Regulations and other Applicable Laws.\n(ii) The Trustee shall at all times comply with all duties and obligations required to be complied by it under the Companies Act, the Companies (Share Capital and Debentures) Rules, 2014, the Debenture Trustee Regulations and other Applicable Laws.", "size": 2, "hash": "f0b3ec0e05e076d564228679926b6732", "id": 5}, {"samples": [{"hash": "hgpQwE8yqEU", "uri": "/contracts/hgpQwE8yqEU#covenants-of-the-trustee", "label": "Cash Collateral and Disbursement Agreement (Transamerican Refining Corp)", "score": 16.0, "published": true}], "snippet_links": [{"key": "trustee-shall", "type": "definition", "offset": [4, 17]}, {"key": "the-disbursement-agent", "type": "clause", "offset": [48, 70]}, {"key": "default-under-the-indenture", "type": "clause", "offset": [110, 137]}, {"key": "waiver-of", "type": "clause", "offset": [176, 185]}], "snippet": "The Trustee shall give prompt written notice to the Disbursement Agent upon (i) the occurrence of an Event of Default under the Indenture known to it and (ii) upon the cure or waiver of any such Event of Default known to it.", "size": 2, "hash": "faf395ff6783e67eb95a9ed69c68eb3f", "id": 6}, {"samples": [{"hash": "cFK0Vz4gD3U", "uri": "/contracts/cFK0Vz4gD3U#covenants-of-the-trustee", "label": "Pledge Agreement (Puget Energy Inc /Wa)", "score": 19.0, "published": true}], "snippet_links": [{"key": "section-31", "type": "clause", "offset": [0, 11]}, {"key": "trustee-covenants", "type": "definition", "offset": [16, 33]}, {"key": "the-senior-notes", "type": "clause", "offset": [76, 92]}, {"key": "as-required", "type": "clause", "offset": [119, 130]}, {"key": "transfer-to", "type": "definition", "offset": [141, 152]}, {"key": "successor-trustee", "type": "definition", "offset": [157, 174]}, {"key": "the-indenture", "type": "clause", "offset": [181, 194]}, {"key": "compliance-with", "type": "definition", "offset": [206, 221]}, {"key": "the-placing", "type": "clause", "offset": [322, 333]}, {"key": "the-issuance", "type": "clause", "offset": [411, 423]}, {"key": "instructions-to", "type": "definition", "offset": [441, 456]}, {"key": "the-senior-note-trustee", "type": "clause", "offset": [457, 480]}, {"key": "transfer-agent", "type": "definition", "offset": [495, 509]}, {"key": "senior-note-indenture", "type": "clause", "offset": [520, 541]}, {"key": "section-32", "type": "definition", "offset": [543, 554]}, {"key": "in-the-event-the", "type": "clause", "offset": [555, 571]}, {"key": "principal-of", "type": "definition", "offset": [631, 643]}, {"key": "interest-on", "type": "definition", "offset": [665, 676]}, {"key": "the-refunding-bonds", "type": "clause", "offset": [678, 697]}, {"key": "in-accordance-with", "type": "definition", "offset": [715, 733]}, {"key": "the-loan-agreement", "type": "clause", "offset": [752, 770]}, {"key": "written-confirmation", "type": "clause", "offset": [775, 795]}, {"key": "behalf-of-the-company", "type": "clause", "offset": [851, 872]}, {"key": "the-owners", "type": "definition", "offset": [876, 886]}, {"key": "trustee-shall", "type": "definition", "offset": [915, 928]}, {"key": "notice-thereof", "type": "clause", "offset": [972, 986]}, {"key": "to-the-company", "type": "clause", "offset": [987, 1001]}, {"key": "liability-for", "type": "clause", "offset": [1034, 1047]}, {"key": "failure-to", "type": "clause", "offset": [1048, 1058]}, {"key": "the-obligations-of-the-company", "type": "clause", "offset": [1117, 1147]}, {"key": "the-supplemental-indenture", "type": "clause", "offset": [1196, 1222]}, {"key": "agreement-or", "type": "definition", "offset": [1236, 1248]}, {"key": "rights-of-the-trustee", "type": "clause", "offset": [1253, 1274]}], "snippet": "Section 3.1 The Trustee covenants that it will not sell, assign or transfer the Senior Notes, except to its nominee or as required to effect transfer to any successor trustee under the Indenture. To effect compliance with this restriction, the Company may take such actions as it shall deem to be desirable, including (a) the placing of a legend on each Senior Note in substantially the following form: and (b) the issuance of stop transfer instructions to the Senior Note Trustee and any other transfer agent under the Senior Note Indenture.\nSection 3.2 In the event the Trustee does not timely receive amounts for the payment of principal of, premium, if any, or interest on, the Refunding Bonds from the Company in accordance with the Indenture and the Loan Agreement, or written confirmation from the Company or its agent of such payment by or on behalf of the Company to the owners of the Refunding Bonds, the Trustee shall immediately give telephonic or telegraphic notice thereof to the Company, but the Trustee shall incur no liability for failure to give such notice and such failure shall have no effect on the obligations of the Company under the Indenture, the Senior Note Indenture, the Supplemental Indenture and the Loan Agreement or the rights of the Trustee or the owners of the Refunding Bonds.", "size": 1, "hash": "1397442c0ecf20bfd587ea787bae8c71", "id": 7}, {"samples": [{"hash": "hSTy5oZqwMx", "uri": "/contracts/hSTy5oZqwMx#covenants-of-the-trustee", "label": "Supplemental Deed", "score": 35.4188157901, "published": true}], "snippet_links": [{"key": "trustee-covenants", "type": "definition", "offset": [4, 21]}, {"key": "in-favour-of", "type": "definition", "offset": [22, 34]}, {"key": "principal-employer", "type": "definition", "offset": [39, 57]}, {"key": "the-employers", "type": "clause", "offset": [59, 72]}, {"key": "the-members", "type": "clause", "offset": [77, 88]}, {"key": "assets-of-the-plan", "type": "definition", "offset": [101, 119]}, {"key": "in-accordance-with", "type": "definition", "offset": [145, 163]}, {"key": "the-deed", "type": "clause", "offset": [164, 172]}, {"key": "the-relevant", "type": "clause", "offset": [177, 189]}, {"key": "participation-agreements", "type": "definition", "offset": [190, 214]}], "snippet": "The Trustee covenants in favour of the Principal Employer, the Employers and the Members to hold the assets of the Plan upon trust to be applied in accordance with the Deed and the relevant Participation Agreements.", "size": 1, "hash": "f76aeba9b1a9cd72220e5d1edd535b9a", "id": 8}, {"samples": [{"hash": "clhhNs9z5hb", "uri": "/contracts/clhhNs9z5hb#covenants-of-the-trustee", "label": "Subscription Agreement", "score": 26.2936344969, "published": true}], "snippet_links": [{"key": "the-trustee", "type": "clause", "offset": [0, 11]}, {"key": "the-holder", "type": "clause", "offset": [45, 55]}, {"key": "the-covenants", "type": "clause", "offset": [99, 112]}], "snippet": "The Trustee hereby covenants and agrees with the Holder that it will fulfill or cause to be filled the covenants hereinafter set forth.", "size": 1, "hash": "f7e122d61c40afd5513692729d2f9532", "id": 9}, {"samples": [{"hash": "aaW5arUvNBg", "uri": "/contracts/aaW5arUvNBg#covenants-of-the-trustee", "label": "Deed of Trust (Reynolds American Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "the-trustee", "type": "clause", "offset": [0, 11]}, {"key": "the-trusts", "type": "clause", "offset": [83, 93]}, {"key": "hereby-waives", "type": "clause", "offset": [114, 127]}, {"key": "statutory-fee", "type": "definition", "offset": [132, 145]}, {"key": "compensation-for", "type": "clause", "offset": [176, 192]}, {"key": "services-rendered", "type": "definition", "offset": [197, 214]}, {"key": "in-accordance-with", "type": "definition", "offset": [221, 239]}, {"key": "amended-and-restated-deed-of-trust", "type": "clause", "offset": [244, 278]}, {"key": "trustee-may-consult-with-counsel", "type": "clause", "offset": [317, 349]}, {"key": "legal-matters", "type": "clause", "offset": [435, 448]}, {"key": "advice-of-counsel", "type": "clause", "offset": [459, 476]}, {"key": "trustee-shall", "type": "definition", "offset": [482, 495]}, {"key": "personal-liability", "type": "definition", "offset": [510, 528]}, {"key": "gross-negligence-or-willful-misconduct", "type": "definition", "offset": [554, 592]}, {"key": "trustee-may-rely", "type": "clause", "offset": [602, 618]}, {"key": "action-taken", "type": "clause", "offset": [691, 703]}, {"key": "in-good-faith", "type": "definition", "offset": [762, 775]}], "snippet": "The Trustee, by its acceptance hereof, covenants faithfully to perform and fulfill the trusts herein created, and hereby waives any statutory fee and agrees not to require any compensation for any services rendered by it in accordance with the Amended and Restated Deed of Trust \u2014 ______ County, NC terms hereof. The Trustee may consult with counsel upon any matters arising hereunder and shall be fully protected in relying as to the legal matters or on the advice of counsel. The Trustee shall not incur any personal liability hereunder except for his gross negligence or willful misconduct, and the Trustee may rely on any instrument, document, or signature authorizing or supporting any action taken or proposed to be taken by him hereunder, believed by him in good faith to be genuine.", "size": 1, "hash": "ee91f52a3aed69a4331de7c8f7a78d31", "id": 10}], "next_curs": "CmESW2oVc35sYXdpbnNpZGVyY29udHJhY3Rzcj0LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiFjb3ZlbmFudHMtb2YtdGhlLXRydXN0ZWUjMDAwMDAwMGEMogECZW4YACAA", "clause": {"parents": [["administration-and-servicing-of-loans", "Administration and Servicing of Loans"], ["concerning-the-trustee", "Concerning the Trustee"], ["covenants", "Covenants"], ["administration-servicing-and-management-of-collateral-debt-obligations", "Administration Servicing and Management of Collateral Debt Obligations"], ["the-trustee", "The Trustee"]], "children": [["preservation-of-existence", "Preservation of Existence"], ["compliance-with-law", "Compliance with Law"], ["no-changes-in-trustee-fee", "No Changes in Trustee Fee"], ["no-bankruptcy-petition", "No Bankruptcy Petition"], ["loan-files", "Loan Files"]], "title": "Covenants of the Trustee", "size": 36, "id": "covenants-of-the-trustee", "related": [["covenants-of-the-trust", "Covenants of the Trust", "Covenants of the Trust"], ["covenants-of-the-transferor", "Covenants of the Transferor", "Covenants of the Transferor"], ["covenants-of-the-master-servicer", "Covenants of the Master Servicer", "Covenants of the Master Servicer"], ["covenants-of-the-depositor", "Covenants of the Depositor", "Covenants of the Depositor"], ["covenants-of-the-issuer", "Covenants of the Issuer", "Covenants of the Issuer"]], "related_snippets": [], "updated": "2025-07-07T12:37:39+00:00", "also_ask": [], "drafting_tip": "", "explanation": "The \"Covenants of the Trustee\" clause sets out the specific promises and obligations that the trustee undertakes in a trust agreement. Typically, this clause requires the trustee to act in good faith, manage trust assets prudently, and comply with the terms of the trust and relevant laws. For example, the trustee may be required to provide regular reports to beneficiaries or refrain from self-dealing. The core function of this clause is to ensure that the trustee's conduct aligns with the interests of the beneficiaries and the intent of the trust, thereby safeguarding the trust assets and promoting accountability."}, "json": true, "cursor": ""}}