Common use of Duties of the Indenture Trustee Clause in Contracts

Duties of the Indenture Trustee. (a) If an Event of Default has occurred and is continuing, the Indenture Trustee shall exercise 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 person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 28 contracts

Samples: Indenture (CNH Equipment Trust 2019-B), Indenture (CNH Equipment Trust 2022-C), Indenture (CNH Equipment Trust 2016-B)

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Duties of the Indenture Trustee. (a) If an Event of Default of which a Responsible Officer of the Indenture Trustee has actual knowledge has occurred and is continuing, the Indenture Trustee shall exercise 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 person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 24 contracts

Samples: Indenture (GE Equipment Transportation LLC, Series 2011-1), Indenture (GE Equipment Midticket LLC, Series 2011-1), Indenture (GE Equipment Transportation LLC, Series 2011-1)

Duties of the Indenture Trustee. (a) If an Event of Default has occurred and is continuing, the Indenture Trustee shall exercise 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 person would exercise or use under the circumstances in the conduct of such person’s 's own affairs.

Appears in 20 contracts

Samples: GE Equipment Midticket LLC, Series 2006-1, Indenture (Case Receivables Ii Inc), Indenture (Cef Equipment Holding Ge Commerical Equip Fin Series 2004-1)

Duties of the Indenture Trustee. (a) If an Event of Default has occurred and is continuingcontinuing and a Trustee Officer shall have actual knowledge or written notice of such Event of Default, the Indenture Trustee shall exercise 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 person would exercise or use under the circumstances in the conduct of such person’s 's own affairs.

Appears in 6 contracts

Samples: Master Indenture (PHH Corp), Master Indenture (PHH Corp), Master Indenture (Levi Strauss & Co)

Duties of the Indenture Trustee. (a) If an Event of Default has occurred and is continuingcontinuing and a Trustee Officer shall have actual knowledge or written notice of such Event of Default, the Indenture Trustee shall exercise 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 person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 4 contracts

Samples: Purchase Agreement (NRT Settlement Services of Missouri LLC), Purchase Agreement (Realogy Corp), Receivables Purchase Agreement (Domus Holdings Corp)

Duties of the Indenture Trustee. (a) If an Event of Default has occurred and is continuing, the Indenture Trustee shall exercise 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 person would exercise or use under the circumstances in the conduct of such person’s 's own affairs.

Appears in 3 contracts

Samples: Indenture (Bluegreen Corp), Bluegreen Corp, Bluegreen Corp

Duties of the Indenture Trustee. (a) If an Amortization Event or Event of Default has occurred and is continuing, the Indenture Trustee shall exercise such of the rights and powers vested in it by this Indenture the Indenture, and use the same degree of care and skill in their exercise exercise, as a prudent person man would exercise or use under the circumstances in the conduct of such person’s his own affairs.

Appears in 2 contracts

Samples: Base Indenture (PHH Corp), Base Indenture (PHH Corp)

Duties of the Indenture Trustee. (a) 1. If an Amortization Event or Event of Default has occurred and is continuing, the Indenture Trustee shall exercise such of the rights and powers vested in it by this Indenture Indenture, and use the same degree of care and skill in their exercise exercise, as a prudent person man would exercise or use under the circumstances in the conduct of such person’s his own affairs.

Appears in 2 contracts

Samples: Indenture (PHH Corp), Greyhound Funding LLC

Duties of the Indenture Trustee. (a) If an Event of Default has occurred and is continuing, the Indenture Trustee shall exercise the rights and powers vested in it by this Indenture and shall use the same degree of care and skill in their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s 's own affairs.

Appears in 2 contracts

Samples: Vw Credit Leasing LTD, Volkswagen Public Auto Loan Securitization LLC

Duties of the Indenture Trustee. (a) If an Event of Default has occurred and is continuing, the Indenture Trustee shall exercise the rights and powers vested in it by this Indenture and the Related Documents and use the same degree of care and skill in their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s 's own affairs.

Appears in 2 contracts

Samples: Indenture (Asset Backed Securities Corp), Asset Backed Securities Corp

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Duties of the Indenture Trustee. (a) If an Event of Default has occurred and is continuing, the Indenture Trustee shall exercise the rights and powers vested in it by this Indenture and use the same degree of care and skill in their exercise of such rights and powers as a prudent person would exercise or use under the circumstances in the conduct of such person’s 's own affairs.

Appears in 1 contract

Samples: Master Indenture (CDF Funding, Inc.)

Duties of the Indenture Trustee. (a) If an Event of Default or an Early Amortization Event of which the Indenture Trustee has knowledge shall have occurred and is be continuing, the Indenture Trustee shall exercise 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 person would exercise or use under the circumstances in the conduct of such person’s Person's own affairs.

Appears in 1 contract

Samples: Master Indenture (Dc Funding International Inc)

Duties of the Indenture Trustee. (a) If an Amortization Event or Event of Default has occurred and is continuing, the Indenture Trustee shall exercise such of the rights and powers vested in it by this Indenture Indenture, and use the same degree of care and skill in their exercise exercise, as a prudent person man would exercise or use under the circumstances in the conduct of such person’s his own affairs.

Appears in 1 contract

Samples: Indenture (Greyhound Funding LLC)

Duties of the Indenture Trustee. (axvi) If an Event of Default of which a Responsible Officer of the Indenture Trustee has actual knowledge has occurred and is continuing, the Indenture Trustee shall exercise 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 person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 1 contract

Samples: Ge Equipment (GE TF Trust)

Duties of the Indenture Trustee. (a) If an Event of Default of which a Responsible Officer of the Indenture Trustee has actual knowledge has occurred and is continuing, the Indenture Trustee shall exercise 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 person would exercise or use under the circumstances in the conduct of such person’s 's own affairs.

Appears in 1 contract

Samples: Cef Equipment Holding LLC

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