Common use of Duties and Responsibilities of Trustee Clause in Contracts

Duties and Responsibilities of Trustee. With respect to the holders of Debentures issued hereunder, the Trustee, prior to the occurrence of an Event of Default with respect to the Debentures and after the curing or waiving of all Events of Default which may have occurred, with respect to the Debentures, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee. In case an Event of Default with respect to the Debentures has occurred (which has not been cured or waived), the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that:

Appears in 62 contracts

Samples: Indenture (ACA Capital Holdings Inc), Indenture (James River Group, INC), Tib Financial Corp.

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Duties and Responsibilities of Trustee. With respect to the holders of Debentures any series of Debt Securities issued hereunder, the Trustee, prior to the occurrence of an Event of Default with respect to the Debentures Debt Securities of that series and after the curing or waiving of all Events of Default which may have occurred, with respect to the DebenturesDebt Securities of that series, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee. In case an Event of Default with respect to the Debentures Debt Securities of a series has occurred (which has not been cured or waived), ) the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that:

Appears in 7 contracts

Samples: Indenture (Marshall & Ilsley Corp/Wi/), Indenture (Transamerica Capital Iii), Indenture (Leucadia Capital Trust I)

Duties and Responsibilities of Trustee. With respect to the holders of Debentures any series of Securities issued hereunder, the Trustee, prior to the occurrence of an Event of Default with respect to the Debentures Securities of that series and after the curing or waiving of all Events of Default which may have occurred, with respect to the DebenturesSecurities of that series, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee. In case an Event of Default with respect to the Debentures Securities of a series has occurred (which has not been cured or waived), ) the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that:

Appears in 5 contracts

Samples: Indenture (Countrywide Financial Corp), Indenture (Bank of America Corp /De/), Indenture (Countrywide Capital Ii)

Duties and Responsibilities of Trustee. With respect to -------------------------------------- the holders of Debentures issued hereunder, the Trustee, prior to the occurrence of an Event of Default with respect to the Debentures and after the curing or waiving of all Events of Default which may have occurred, with respect to the Debentures, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee. In case an Event of Default with respect to the Debentures has occurred (which has not been cured or waived), the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that:

Appears in 4 contracts

Samples: Indenture (First Banks, Inc), Indenture (First Banks, Inc), Indenture (First Banks, Inc)

Duties and Responsibilities of Trustee. With respect to the holders of Debentures issued hereunder, the The Trustee, prior to the occurrence of except during an Event of Default with respect to the Debentures and after the curing or waiving of all Events of Default which may have occurred, with respect to the DebenturesDefault, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee. In case an Event of Default with respect to the Debentures has occurred (which has not been cured or waived), ) the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man person would exercise or use under the circumstances in the conduct of his such person’s own affairs; provided that if an Event of Default occurs and is continuing, the Trustee will be under no obligation to exercise any of the rights or powers under this Indenture at the request or direction of any of the holders unless such holders have offered to the Trustee indemnity or security reasonably satisfactory to it against loss, liability or expense. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own grossly negligent action, its own grossly negligent failure to act or its own willful misconduct, except that:

Appears in 4 contracts

Samples: Forest City Enterprises Inc, Forest City Enterprises Inc, Forest City Enterprises Inc

Duties and Responsibilities of Trustee. With respect to the holders any series of Debentures Securities issued hereunder, the Trustee, prior to the occurrence of an Event of Default with respect to the Debentures Securities of that series and after the curing or waiving of all Events of Default which may have occurred, occurred with respect to the DebenturesSecurities of that series, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trusteewith respect to such series. In case an Event of Default with respect to the Debentures Securities of a series has occurred (which has not been cured or waived), ) the Trustee shall exercise such of the rights and powers vested in it by this IndentureIndenture with respect to such series, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that:

Appears in 4 contracts

Samples: Indenture (Masco Corp /De/), Masco Corp /De/, Masco Corp /De/

Duties and Responsibilities of Trustee. With respect to The Trustee hereby accepts the holders of Debentures issued hereundertrusts in this Indenture declared and provided, upon the terms and conditions herein above set forth. The Trustee, prior to the occurrence of an Event of Default with respect to the Debentures and after the curing or waiving waiver of all Events of Default which may have occurred, with respect to the Debentures, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee. In case an Event of Default with respect to the Debentures has occurred (which has not been cured or waived)) and a Responsible Officer of the Trustee is aware of such Event of Default, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their its exercise, as a prudent man person would exercise or use under the circumstances in the conduct of his its own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that:

Appears in 4 contracts

Samples: Indenture (Digital Realty Trust, L.P.), Digital Realty Trust, L.P., Digital Realty Trust, L.P.

Duties and Responsibilities of Trustee. With respect to the holders of Debentures any series of Securities issued hereunder, the Trustee, prior to the occurrence of an Event of Default with respect to the Debentures Securities of that series and after the curing or waiving of all Events of Default which may have occurred, occurred with respect to the Debenturessuch series, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, Indenture and no implied covenants or obligations shall be read into this Indenture against the Trustee. In case an Event of Default with respect to the Debentures Securities of any series has occurred (which has not been cured or waived), ) the Trustee shall exercise such of the rights and powers vested in it by this Indenture, Indenture with respect to such series and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act act, or its own willful misconduct, except that:

Appears in 4 contracts

Samples: Indenture (Kansas City Power & Light Co), Consolidated Edison Inc, Kansas City Power & Light Co

Duties and Responsibilities of Trustee. With respect to the ---------------------------------------- holders of Debentures issued hereunder, the Trustee, prior to the occurrence of an Event of Default with respect to the Debentures and after the curing or waiving of all Events of Default which may have occurred, with respect to the Debentures, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee. In case an Event of Default with respect to the Debentures has occurred (which has not been cured or waived), the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that:

Appears in 3 contracts

Samples: Indenture (Intervest Bancshares Corp), Indenture (Florida Banks Inc), Indenture (Florida Banks Inc)

Duties and Responsibilities of Trustee. With respect to the holders of Debentures any series of Securities issued hereunder, the Trustee, prior to the occurrence of an Event of Default with respect to Securities of that series of which a Responsible Officer of the Debentures Trustee has actual knowledge and after the curing or waiving of all Events of Default which may have occurred, occurred with respect to the DebenturesSecurities of that series, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee. In case an Event of Default with respect to the Debentures Securities of a series has occurred (which has not been cured or waived), the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man person would exercise or use under the circumstances in the conduct of his or her own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that:

Appears in 3 contracts

Samples: Indenture (Sterling Bancshares Inc), Sterling Bancshares Capital Trust Ii, Sterling Bancshares Capital Trust Ii

Duties and Responsibilities of Trustee. With respect to the holders of any series of Debentures issued hereunder, the Trustee, prior to the occurrence of an Event of Default with respect to Debentures of that series (which, other than in the Debentures case of Sections 5.01(a) and 5.01(b) hereof, is known to the Trustee) and after the curing or waiving of all such Events of Default which may have occurred, occurred with respect to the DebenturesDebentures of that series, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee. In case an Event of Default with respect (which, other than in the case of Sections 5.01(a) and 5.01(b) hereof, is known to the Debentures Trustee) has occurred (which has not been cured or waived), the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, exercise as a prudent man person would exercise or use under the circumstances in the conduct of his or her own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that:

Appears in 3 contracts

Samples: Indenture (New York Community Bancorp Inc), Indenture (Commerce Bancorp Inc /Nj/), Indenture (New York Community Bancorp Inc)

Duties and Responsibilities of Trustee. With respect to the --------------------------------------- holders of Debentures issued hereunder, the Trustee, prior to the occurrence of an Event of Default with respect to the Debentures and after the curing or waiving of all Events of Default which may have occurred, with respect to the Debentures, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee. In case an Event of Default with respect to the Debentures has occurred (which has not been cured or waived), the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that:

Appears in 3 contracts

Samples: Indenture (Prosperity Bancshares Inc), Indenture (Intervest Bancshares Corp), Indenture (Gateway Bancshares Inc /Ga/)

Duties and Responsibilities of Trustee. With respect to the holders of Debentures Debt Securities issued hereunder, the Trustee, prior to the occurrence of an Event of Default with respect to the Debentures Debt Securities and after the curing or waiving of all Events of Default which may have occurred, with respect to the DebenturesDebt Securities, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee. In case an Event of Default with respect to the Debentures Debt Securities has occurred (which has not been cured or waived), ) the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man person would exercise or use under the circumstances in the conduct of his such person's own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that:

Appears in 3 contracts

Samples: Indenture (Service 1st Bancorp), Indenture (QCR Holdings Inc), Employment Agreement (Columbia Bancorp \Or\)

Duties and Responsibilities of Trustee. With respect to the holders of Debentures Debt Securities issued hereunder, the Trustee, prior to the occurrence of an Event of Default with respect to the Debentures Debt Securities and after the curing or waiving of all Events of Default which may have occurred, with respect to the DebenturesDebt Securities, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee. In case an Event of Default with respect to the Debentures Debt Securities has occurred (which has not been cured or waived), the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that:

Appears in 3 contracts

Samples: Tib Financial Corp., Indenture (Home Bancshares Inc), Indenture (First Community Bancorp /Ca/)

Duties and Responsibilities of Trustee. With respect to the holders of Debentures any series of Securities issued hereunder, the Trustee, prior to the occurrence of an Event of Default with respect to the Debentures Securities of that series and after the curing or waiving of all Events of Default which may have occurred, with respect to the DebenturesSecurities of that series, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee. In case an Event of Default with respect to the Debentures Securities of a series has occurred (which has not been cured or waived), ) the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man person would exercise or use under the circumstances in the conduct of his or her own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that:

Appears in 2 contracts

Samples: Indenture (Countrywide Home Loans Inc), Countrywide Home Loans Inc

Duties and Responsibilities of Trustee. With respect to the holders of Debentures issued hereunderThe Trustee shall comply with, and be subject to, the Trustee, prior to provisions of Section 315 of the occurrence of an Event of Default with respect to the Debentures and after the curing or waiving of all Events of Default which may have occurred, with respect to the Debentures, undertakes to perform such Trust Indenture Act. The duties and only such duties as are specifically set forth in this Indenture, and no implied covenants responsibilities of the Trustee shall be read into this as provided in the Trust Indenture against the TrusteeAct and as herein set forth. In case an Event of Default with respect to or Default (of which, except for a default in the Debentures payment of any principal or interest on the Notes under clauses (a) and (b) of Section 5.03, a Responsible Officer of the Trustee has actual knowledge) has occurred (which has not been cured or waived), the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, exercise as a prudent man person would exercise or use under the circumstances in the conduct of his or her own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that:

Appears in 2 contracts

Samples: Indenture (Flushing Financial Corp), Indenture (State Bancorp Inc)

Duties and Responsibilities of Trustee. With respect to the holders of Debentures issued hereunder, the Trustee, prior to the occurrence of an Event of Default with respect to the Debentures and after the curing or waiving of all Events of Default which may have occurred, with respect to the Debentures, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee. In case an Event of Default with respect to the Debentures has occurred (which has not been cured or waived), the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man person would exercise or use under the circumstances in the conduct of his own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that:

Appears in 2 contracts

Samples: Indenture (MortgageIT Holdings, Inc.), Indenture (Capstead Mortgage Corp)

Duties and Responsibilities of Trustee. With respect to the holders Holders of Debentures the Notes issued hereunder, the Trustee, prior to the occurrence of an Event of Default or an Enforcement Event with respect to the Debentures Notes known to the Trustee and after the curing or waiving of all Events of Default or Enforcement Events which may have occurred, with respect to the Debentures, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee. In case an Event of Default or an Enforcement Event with respect to the Debentures Notes known to the Trustee has occurred (which has not been cured or waived), ) the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own grossly negligent action, its own grossly negligent failure to act act, or its own willful misconduct, except that:

Appears in 2 contracts

Samples: Indenture (Symetra Financial CORP), Indenture (Symetra Financial CORP)

Duties and Responsibilities of Trustee. With respect to ---------------------------------------- the holders of Debentures issued hereunder, the Trustee, prior to the occurrence of an Event of Default with respect to the Debentures and after the curing or waiving of all Events of Default which may have occurred, with respect to the Debentures, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee. In case an Event of Default with respect to the Debentures has occurred (which has not been cured or waived), the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that:

Appears in 2 contracts

Samples: Indenture (Parke Bancorp, Inc.), Indenture (First Banks Inc)

Duties and Responsibilities of Trustee. With respect to the holders of Debentures any series of Securities issued hereunder, the Trustee, prior to the occurrence of an Event of Default with respect to the Debentures securities of that series and after the curing or waiving of all Events of Default which may have occurred, with respect to the Debenturessecurities of that series, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee. In case an Event of Default with respect to the Debentures Securities of a series has occurred (which has not been cured or waived), ) the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that:

Appears in 2 contracts

Samples: Indenture (Citicorp), Indenture (Citicorp)

Duties and Responsibilities of Trustee. With respect to the holders of Debentures any series of Securities issued hereunder, the Trustee, prior to the occurrence of an Event of Default with respect to the Debentures Securities of such series and after the curing or waiving of all Events of Default which may have occurred, occurred with respect to the Debenturessuch series, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee. In case If an Event of Default with respect to the Debentures Securities of a series has occurred (which that has not been cured or waived), the Trustee shall exercise such of the rights and powers vested in it by this IndentureIndenture with respect to such series, and use the same degree of care and skill in their exercise, as a prudent man person would exercise or use under the circumstances in the conduct of his or her own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that:

Appears in 2 contracts

Samples: Indenture (SM Energy Co), Indenture (SM Energy Co)

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Duties and Responsibilities of Trustee. With respect to the -------------------------------------- holders of Debentures issued hereunder, the Trustee, prior to the occurrence of an Event of Default with respect to the Debentures and after the curing or waiving of all Events of Default which may have occurred, with respect to the Debentures, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee. In case an Event of Default with respect to the Debentures has occurred (which has not been cured or waived), the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that:

Appears in 2 contracts

Samples: Indenture (Alabama National Bancorporation), Indenture (New South Bancshares Inc)

Duties and Responsibilities of Trustee. With respect to the holders of Debentures any series of Securities issued hereunder, the Trustee, prior to the occurrence of an Event of Default with respect to the Debentures Securities of that series and after the curing or waiving of all Events of Default which may have occurred, with respect to the DebenturesSecurities of that series, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants or obligations shall be read into this Indenture against the Trustee. In case an Event of Default with respect to the Debentures Securities of a series has occurred (which has not been cured or waived), ) the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man person would exercise or use under the circumstances in the conduct of his or her own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that:

Appears in 2 contracts

Samples: Indenture (Countrywide Financial Corp), Municipal Mortgage & Equity LLC

Duties and Responsibilities of Trustee. With respect to the holders of Debentures issued hereunder, the Trustee, prior to the occurrence of an Event of Default with respect to the Debentures and after the curing or waiving of all Events of Default which may have occurred, with respect to the Debentures, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee. In case an Event of Default with respect to the Debentures has occurred (which has not been cured or waived), the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconductmisconduct (provided, however, that under no circumstances shall Trustee be liable for indirect or consequential damages), except that:

Appears in 1 contract

Samples: Indenture (Commercial Capital Bancorp Inc)

Duties and Responsibilities of Trustee. With respect to the holders of Debentures Securityholders issued hereunder, the Trustee, prior to the occurrence of an Event of Default with respect to the Debentures Debt Securities and after the curing or waiving of all Events of Default which may have occurred, with respect to the DebenturesDebt Securities, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee. In case an Event of Default with respect to the Debentures Debt Securities has occurred (which has not been cured or waived), the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man person would exercise or use under the circumstances in the conduct of his such person’s own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that:

Appears in 1 contract

Samples: Indenture (Flagstar Bancorp Inc)

Duties and Responsibilities of Trustee. With respect to the holders of Debentures Debt Securities issued hereunder, the Trustee, prior to the occurrence of an Event of Default with respect to the Debentures Debt Securities and after the curing or waiving of all Events of Default which may have occurred, with respect to the DebenturesDebt Securities, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee. In case an Event of Default with respect to the Debentures Debt Securities has occurred (which has not been cured or waived), ) the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that:

Appears in 1 contract

Samples: Indenture (Community Bancshares Inc /De/)

Duties and Responsibilities of Trustee. With respect to the holders of Debentures issued hereunderThe Trustee shall comply with, and be subject to, the Trustee, prior to provisions of Section 315 of the occurrence of an Event of Default with respect to the Debentures and after the curing or waiving of all Events of Default which may have occurred, with respect to the Debentures, undertakes to perform such Trust Indenture Act. The duties and only such duties as are specifically set forth in this Indenture, and no implied covenants responsibilities of the Trustee shall be read into this as provided in the Trust Indenture against the TrusteeAct and as herein set forth. In case an Event of Default with respect to (of which, except for a default in the Debentures payment of any principal or interest on the Notes under clauses (a) and (b) of Section 5.01, a Responsible Officer of the Trustee has actual knowledge) has occurred (which has not been cured or waived), the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, exercise as a prudent man person would exercise or use under the circumstances in the conduct of his or her own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that:

Appears in 1 contract

Samples: Indenture (Flushing Financial Corp)

Duties and Responsibilities of Trustee. With respect to the holders of Debentures Debt Securities issued hereunder, the Trustee, prior to the occurrence of an Event of Default with respect to the Debentures Debt Securities and after the curing or waiving of all Events of Default which may have occurred, with respect to the DebenturesDebt Securities, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee. In case an Event of Default with respect to the Debentures Debt Securities has occurred (which has not been cured or waived), the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man person would exercise or use under the circumstances in the conduct of his such person's own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconductmisconduct or bad faith, except that:

Appears in 1 contract

Samples: Hf Financial Corp

Duties and Responsibilities of Trustee. With respect to the holders of Debentures issued hereunder, the The Trustee, prior to -------------------------------------- the occurrence of an Event of Default with respect to the Debentures and after the curing or waiving of all Events of Default which may have occurred, with respect to the Debentures, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee. In case an Event of Default with respect to the Debentures has occurred (which has not been cured or waived), the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man person would exercise or use under the circumstances in the conduct of his own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that: (a) prior to the occurrence of an Event of Default and after the curing or waiving of all Events of Default which may have occurred:

Appears in 1 contract

Samples: At Home Corp

Duties and Responsibilities of Trustee. With respect ------------------------------------------- to the holders of Debentures issued hereunder, the Trustee, prior to the occurrence of an Event of Default with respect to the Debentures and after the curing or waiving of all Events of Default which may have occurred, with respect to the Debentures, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee. In case an Event of Default with respect to the Debentures has occurred (which has not been cured or waived), the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that:

Appears in 1 contract

Samples: Indenture (Intervest Bancshares Corp)

Duties and Responsibilities of Trustee. With respect to the holders of Debentures issued hereunder, the Trustee, prior to the occurrence of an Event of a Default with respect to the Debentures and after the curing or waiving of all Events of Default Defaults which may have occurred, with respect to the Debentures, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee. In case an Event of a Default with respect to the Debentures has occurred (which has not been cured or waived), the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that:

Appears in 1 contract

Samples: Indenture (Vineyard National Bancorp)

Duties and Responsibilities of Trustee. With respect to the holders of Debentures any series of Securities issued hereunder, the Trustee, prior to the occurrence of an Event of Default with respect to the Debentures Securities of that series and after the curing or waiving of all Events of Default which may have occurred, with respect to the DebenturesSecurities of that series, undertakes to perform such duties and only such duties as are specifically specifi- cally set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee. In case an Event of Default with respect to the Debentures Securities of a series has occurred (which has not been cured or waived), waived as provided herein) the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man person would exercise or use under the circumstances in the conduct of his or her own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that:

Appears in 1 contract

Samples: Indenture (Unifi Inc)

Duties and Responsibilities of Trustee. With respect to the holders of Debentures Debt Securities issued hereunder, the Trustee, prior to the occurrence of an Event of Default with respect to the Debentures Debt Securities and after the curing or waiving of all Events of Default which may have occurred, with respect to the DebenturesDebt Securities, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee. In case an Event of Default with respect to the Debentures Debt Securities has occurred (which has not been cured or waived), the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man person would exercise or use under the circumstances in the conduct of his such person's own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that:

Appears in 1 contract

Samples: Indenture (Tib Financial Corp.)

Duties and Responsibilities of Trustee. With respect to the holders of Debentures any series of Securities issued hereunder, the Trustee, prior to the occurrence of an Event of Default with respect to the Debentures securities of that series and after the curing or waiving of all Events of Default which may have occurred, with respect to the Debenturessecurities of that series, undertakes to perform such duties and only such duties as are specifically specifi- cally set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee. In case an Event of Default with respect to the Debentures Securities of a series has occurred (which has not been cured or waived), ) the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that:

Appears in 1 contract

Samples: Indenture (Nb Capital Trust I)

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