Common use of Duties of Trustee and Principal Paying Agent Clause in Contracts

Duties of Trustee and Principal Paying Agent. (a) If an Event of Default has occurred and is continuing and a Responsible Officer has actual knowledge thereof, the Trustee shall exercise the rights and powers vested in it by this Indenture and use 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.

Appears in 8 contracts

Samples: siteempresas.bovespa.com.br, Supplemental Indenture, Indenture (Embraer S.A.)

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