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 and a Trustee Officer shall have actual knowledge or written notice of such Event of Default, the Indenture Trustee shall, prior to the receipt of directions, if any, from not less than a majority of the Outstanding Amount of the Notes or as otherwise provided herein in the case of certain directions, 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.

Duties of the Indenture Trustee. (a) If an Event of Default or Servicer Default has occurred and is continuing and a Trustee Responsible Officer shall have actual knowledge or written notice of such Event of Default or Servicer Default, the Indenture Trustee shall, prior to the receipt of directions, if any, from not less than a majority of the Outstanding Amount of the Notes or as otherwise provided herein in the case of certain directionsRequired Noteholders, 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 would exercise or use under the circumstances in the conduct of such person's ’s own affairs.

Duties of the Indenture Trustee. (a) If an Event of Default has occurred and is continuing and a Trustee Officer shall have actual knowledge or written notice of such Event of Default, the Indenture Trustee shall, prior to the receipt of directions, if any, from not less more than a majority 50% of the Outstanding Amount of the Notes or as otherwise provided herein in the case of certain directions, 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.

Duties of the Indenture Trustee. (a) If an Event of Default has occurred and is continuing and a Trustee Officer shall have actual knowledge or written notice of such Event of Default, the Indenture Trustee shall, prior to the receipt of directions, if any, from the Holders of not less than a majority of the Outstanding Amount of the Notes or as otherwise provided herein in the case of certain directions, 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.

Duties of the Indenture Trustee. (a) If an Event of Default has occurred and is continuing with respect to a Series of Notes and a Trustee Responsible Officer shall have actual knowledge or written notice of such Event of Default, the Indenture Trustee shall, prior to the receipt of directions, if any, from not less than a majority at least 25% of the Outstanding Amount of the Notes or as otherwise provided herein in the case of certain directionssuch Series, exercise the rights and powers vested in it by this Master 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.

Duties of the Indenture Trustee. (a) If an Event of Default has occurred and is continuing and a Trustee Officer shall have actual knowledge or written notice of such Event of Default, the Indenture Trustee shall, prior to the receipt of directions, if any, from the Holders of Notes representing not less than a majority 662/3% of the Outstanding Amount of the Notes or as otherwise provided herein in the case of certain directionsaffected Series, 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.

Duties of the Indenture Trustee. (a) If an Event of Default has occurred and is continuing and a Trustee Responsible Officer shall have actual knowledge or written notice of such Event of Default or Servicer Default, the Indenture Trustee shall, prior to the receipt of directions, if any, from not less than a majority of the Outstanding Amount of Required Noteholders (or the Notes or as otherwise provided herein in the case of certain directionsAdministrative Agent acting at their direction), 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 would exercise or use under the circumstances in the conduct of such person's ’s own affairs.

Duties of the Indenture Trustee. (a) If an Event of Default has occurred and is continuing with respect to a Series of Notes and a Trustee Responsible Officer shall have actual knowledge or written notice of such Event of Default, the Indenture Trustee shall, prior to the receipt of directions, if any, from not less than a majority at least 25% of the Outstanding Amount of the Notes or as otherwise provided herein in the case of certain directionssuch Series, 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.

Duties of the Indenture Trustee. (a) If an Event of Default has occurred and is continuing with respect to a Series of Notes and a Trustee Officer shall have actual knowledge or written notice of such Event of Default, the Indenture Trustee shall, prior to the receipt of directions, if any, from not less than a majority of the Outstanding Amount of the Notes or as otherwise provided herein in the case of certain directionssuch Series, 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.

Duties of the Indenture Trustee. (a) If an Event of Default has occurred and is continuing and a Trustee Responsible Officer shall have actual knowledge or written notice of such Event of Default, the Indenture Trustee shall, prior to the receipt of directions, if any, from not less more than a majority 50% of the Outstanding Amount of the Notes or as otherwise provided herein in the case of certain directions, 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.

Duties of the Indenture Trustee. (a) If an Event of Default has occurred and is continuing with respect to a Series of Notes and a Trustee Responsible Officer shall have actual knowledge or written notice of such Event of Default, the Indenture Trustee shall, prior to the receipt of directions, if any, from not less than a majority the Required Majority of the Outstanding Amount of the Notes or as otherwise provided herein in the case of certain directionssuch Series, 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.

Duties of the Indenture Trustee. (a) If an Event of Default has occurred and is continuing with respect to a Series of Notes and a Trustee Responsible Officer shall have actual knowledge or written notice of such Event of Default, the Indenture Trustee shall, prior to the receipt of directions, if any, from not less than a majority at least 25% of the principal amount of the Outstanding Amount Notes of the Notes or as otherwise provided herein in the case of certain directionssuch Series, exercise the rights and powers vested in it by this Master 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.