Common use of Duties of Indenture Trustee Clause in Contracts

Duties of Indenture Trustee. (a) If an Event of Default shall have occurred and be continuing, the Indenture Trustee shall exercise the rights and powers vested in it by this Indenture and with the same degree of care and skill in its exercise as a prudent person would exercise or use under the circumstances in the conduct of such person's own affairs; provided, however, that if the Indenture Trustee shall assume the duties of the Servicer pursuant to Section 3.07(e), the Indenture Trustee in performing such duties shall use the degree of care and skill customarily exercised by a prudent institutional servicer with respect to automobile retail installment sales contracts that it services for itself or others.

Duties of Indenture Trustee. (a) If an Event of Default shall have occurred and be continuing, the Indenture Trustee shall exercise the rights and powers vested in it by this Indenture and with use the same degree of care and skill in its their exercise as a prudent person would exercise or use under the circumstances in the conduct of such personPerson's own affairs; provided, however, that if the Indenture Trustee shall assume the duties of the Servicer Servicer, pursuant to Section 3.07(e), the Indenture Trustee in performing such duties shall use the degree of care and skill customarily exercised by a prudent institutional servicer Servicer, with respect to automobile retail motor vehicle installment sales sale contracts that it services administers or services, as the case may be, for itself or others.

Duties of Indenture Trustee. (a) If an Event of Default shall have occurred and be continuing, the Indenture Trustee shall exercise the rights and powers vested in it by this Indenture and with use the same degree of care and skill in its their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person's Person’s own affairs; provided, however, that if the Indenture Trustee shall assume the duties of the Servicer Master Servicer, pursuant to Section 3.07(e), the Indenture Trustee in performing such duties shall use the degree of care and skill customarily exercised by a prudent institutional servicer servicer, with respect to automobile retail motor vehicle installment sales sale contracts and installment loans that it services administers or services, as the case may be, for itself or others.

Duties of Indenture Trustee. (a) If an Event of Default shall have occurred and be continuing, the Indenture Trustee shall exercise the rights and powers vested in it by this Indenture and with use the same degree of care and skill in its their exercise as a prudent person would exercise or use under the circumstances in the conduct of such personPerson's own affairs; provided, however, that if the Indenture Trustee shall assume the duties of the Servicer Master Servicer, pursuant to Section 3.07(e), the Indenture Trustee in performing such duties shall use the degree of care and skill customarily exercised by a prudent institutional servicer servicer, with respect to automobile retail motor vehicle installment sales sale contracts and installment loans that it services administers or services, as the case may be, for itself or others.

Duties of Indenture Trustee. (a) If an Event of Default shall have occurred and be continuing, the Indenture Trustee shall exercise the rights and powers vested in it by this Indenture and with use the same degree of care and skill in its their exercise as a prudent person would exercise or use under the circumstances in the conduct of such personPerson's own affairs; provided, however, that if the Indenture Trustee shall assume the duties of the Servicer Master Servicer, pursuant to Section 3.07(e), the Indenture Trustee in performing such duties shall use the degree of care and skill customarily exercised by a prudent institutional servicer servicer, with respect to automobile retail motor vehicle installment sales sale contracts that it services administers or services, as the case may be, for itself or others.

Duties of Indenture Trustee. (a) If an Event of Default shall have has occurred and be is continuing, the Indenture Trustee shall exercise the rights and powers vested in it by this Indenture and with the same degree of care and skill in its their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person's own affairs; provided, however, that if the Indenture Trustee shall assume the duties of the Servicer pursuant to Section 3.07(e), the Indenture Trustee in performing such duties shall use the degree of care and skill customarily exercised by a prudent institutional servicer with respect to automobile retail installment sales contracts that it services for itself or others.

Duties of Indenture Trustee. (a) If an Event of Default shall have has occurred and be is continuing, the Indenture Trustee shall exercise the rights and powers vested in it by this Indenture and with use the same degree of care and skill in its their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person's own affairs; provided, however, that if the Indenture Trustee shall assume the duties of the Servicer pursuant to Section 3.07(e), the Indenture Trustee in performing such duties shall use the degree of care and skill customarily exercised by a prudent institutional servicer with respect to automobile retail installment sales sale contracts that it services for itself or others.