Common use of Disqualification; Conflicting Interests Clause in Contracts

Disqualification; Conflicting Interests. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this Section, with respect to the Securities of any series, it shall, within 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 hereinafter specified in this Article.

Appears in 35 contracts

Samples: Indenture (Aviall Services Inc), Indenture (Aviall Services Inc), Indenture (Veritas DGC Inc)

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Disqualification; Conflicting Interests. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this SectionSection 608, with respect to the Securities of any series, it shall, within 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 hereinafter specified in this Article.

Appears in 12 contracts

Samples: Indenture (Iveda Solutions, Inc.), Indenture (Creatd, Inc.), Esports Entertainment (Esports Entertainment Group, Inc.)

Disqualification; Conflicting Interests. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this SectionSection 608, with respect to the Securities of any series, it shall, within 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 hereinafter specified in this ArticleArticle Six.

Appears in 10 contracts

Samples: Indenture (Noble Drilling Corp), Noble Drilling Corp, Noble Drilling Corp

Disqualification; Conflicting Interests. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this Section, with respect to the Securities of any series, it shall, within 90 days after ascertaining a Responsible Officer of the Trustee ascertains 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 hereinafter specified in this Article.

Appears in 4 contracts

Samples: Indenture (SSBH Capital Iv), Indenture (Commercial Credit Co), Textron Inc

Disqualification; Conflicting Interests. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this SectionSection 6.08, with respect to the Securities of any series, it shall, within 90 days after ascertaining that it has such conflicting interest, either eliminate such that conflicting interest or resign with respect to the Securities of that series in the manner and with the effect hereinafter specified in this ArticleArticle VI.

Appears in 4 contracts

Samples: Indenture (Innovative Valve Technologies Inc), American Residential Services Inc, American Residential Services Inc

Disqualification; Conflicting Interests. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this Section, with respect to the Securities of any seriesseries and a default with respect to such series has occurred and is continuing, it shall, within 90 days after ascertaining that it has such conflicting interest, either eliminate such conflicting interest interest, apply to the Commission for permission to continue as Trustee or resign with respect to the Securities of that series in the manner and with the effect hereinafter specified in this Article.

Appears in 4 contracts

Samples: Indenture (TechnipFMC PLC), Indenture (National Oilwell Varco Inc), Indenture (FMC Technologies Inc)

Disqualification; Conflicting Interests. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this Section, with respect to the Securities of any series, it shall, within 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 prescribed in the effect hereinafter specified in this ArticleTrust Indenture Act of 1939, as amended.

Appears in 2 contracts

Samples: Indenture (Textron Inc), Indenture (Textron Inc)

Disqualification; Conflicting Interests. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this SectionSECTION 608, with respect to the Securities of any series, it shall, within 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 hereinafter specified in this ArticleARTICLE SIX.

Appears in 2 contracts

Samples: Indenture (Grey Wolf Inc), Indenture (Grey Wolf Inc)

Disqualification; Conflicting Interests. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this Section, with respect to the Securities of any series, it shall, within 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 hereinafter specified in this Article.. 44

Appears in 2 contracts

Samples: Key Energy Services Inc, Key Energy Services Inc

Disqualification; Conflicting Interests. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this SectionSection 6.08, with respect to the Securities of any series, it shall, within 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 hereinafter specified in this Article.

Appears in 2 contracts

Samples: Indenture (Primero Gas Marketing Co Inc), Primero Gas Marketing Co Inc

Disqualification; Conflicting Interests. (a) If the Indenture Trustee has or shall acquire any conflicting interest, as defined in this Section, with respect to the Securities of any series, it shall, within 90 days after ascertaining that it has such conflicting interest, and if the default to which such conflicting interest relates has not been cured or duly waived or otherwise eliminated before the end of such 90 day period, the Indenture Trustee shall either eliminate such conflicting interest or resign with respect to the Securities of that series in the manner and with the effect hereinafter specified in this Article.

Appears in 2 contracts

Samples: Indenture (Saul B F Real Estate Investment Trust), Saul B F Real Estate Investment Trust

Disqualification; Conflicting Interests. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this SectionSection 6.08, with respect to the Securities of any series, it shall, within 90 days after ascertaining that it has such conflicting interest, either eliminate such that conflicting interest or resign with respect to the Securities of that series in the manner and with the effect hereinafter specified in this Article.Article VI. 24

Appears in 1 contract

Samples: Magnum Hunter Resources Inc

Disqualification; Conflicting Interests. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this Section, with respect to the Securities of any series, it shall, within 90 days after ascertaining that it has such conflicting interest, either eliminate such conflicting interest or resign with respect to the Securities of Of that series in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: FNB Corp/Fl/

Disqualification; Conflicting Interests. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this Section, with respect to the Securities of any series, it shall, within 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 hereinafter specified in this Article.such

Appears in 1 contract

Samples: Union Texas Petroleum Holdings Inc

Disqualification; Conflicting Interests. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this Section, with respect to the Securities of any series, it shall, within 90 days after ascertaining that it has such conflicting interest, and if the Default (exclusive of any period of grace or requirement of notice) to which such conflicting interest relates has not been cured, duly waived or otherwise eliminated before the end of such 90-day period, it shall either eliminate such conflicting interest or resign with respect to the Securities of that series in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Ownership Agreement (Oglethorpe Power Corp)

Disqualification; Conflicting Interests. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this Section, with respect to the Securities of any series, it shall, within 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 hereinafter specified in this ArticleArticle Nine.

Appears in 1 contract

Samples: Indenture (First Nationwide Holdings Inc)

Disqualification; Conflicting Interests. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this Section, with respect to the Securities of any seriesSECTION 6.08, it shall, within 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 hereinafter specified in this ArticleArticle VI.

Appears in 1 contract

Samples: Banctec Inc

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Disqualification; Conflicting Interests. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this Section, with respect to the Securities of any series, it shall, within 90 days after ascertaining that it has such conflicting interest, either eliminate such conflicting interest or resign with 47 57 respect to the Securities of that series in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Key Energy Services Inc

Disqualification; Conflicting Interests. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this SectionSection 6.8, with respect to the Securities of any series, it shallthen, within 90 days after ascertaining that it has such conflicting interest, and if the default (as defined in Section 6.8 (c)) to which such conflicting interest related has not been cured or duly waived or otherwise eliminated before the end of such 90-day period, the Trustee shall either eliminate such conflicting interest or resign with respect to the Securities of that series in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture (Lundgren Bros Construction Inc)

Disqualification; Conflicting Interests. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this Section, with respect to the Securities of any series, it shall, within 90 ninety (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 hereinafter specified in this ArticleArticle VIII.

Appears in 1 contract

Samples: Enron Corp/Or/

Disqualification; Conflicting Interests. (a) If the --------------------------------------- Trustee has or shall acquire any conflicting interest, as defined in this Section, with respect to the Securities of any series, it shall, within 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 hereinafter specified in this Article.

Appears in 1 contract

Samples: United Technologies Corp /De/

Disqualification; Conflicting Interests. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this Section, with respect to the Securities of any seriesSecurities, it shall, within 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 hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture (Penney J C Co Inc)

Disqualification; Conflicting Interests. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this Section, with respect to the Debt Securities of any series, it shall, within 90 days after ascertaining that it has such conflicting interest, either eliminate such conflicting interest or resign with respect to the Debt Securities of that series in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture (Loews Corp)

Disqualification; Conflicting Interests. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this SectionSection 8.8, with respect to the Securities of any seriesNotes, it shall, within 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 hereinafter specified in this ArticleArticle VIII.

Appears in 1 contract

Samples: Indenture (Mge Energy Inc)

Disqualification; Conflicting Interests. (a) If the ---------------------------------------- Trustee has or shall acquire any conflicting interest, as defined in this Section, with respect to the Securities of any series, it shall, within 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 hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture (National Service Industries Inc)

Disqualification; Conflicting Interests. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this Section, with respect to the Securities of any series, it shall, within 90 days after ascertaining 57 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 hereinafter specified in this Article.

Appears in 1 contract

Samples: Key Energy Services Inc

Disqualification; Conflicting Interests. (a) If a)If the Trustee has or shall acquire any conflicting interest, as defined in this SectionSection 608, with respect to the Securities of any series, it shall, within 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 hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture (Duos Technologies Group, Inc.)

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