Common use of Individual Rights of Trustee Clause in Contracts

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 25 contracts

Samples: Indenture (Inergy L P), Indenture (Legacy Reserves Lp), Indenture (Inergy L P)

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Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may become a creditor of, or otherwise deal with with, the Issuers, any Guarantor Company or any Affiliate of the Company its Affiliates with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined described in the TIA) after a TIA while any Default has occurred and is continuingexists, it must eliminate such conflict within 90 days, apply to the SEC Commission for permission to continue as trustee Trustee with such conflict or resignresign as Trustee. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof7.11.

Appears in 24 contracts

Samples: Indenture (Range Resources Corp), Purchase Agreement (Goodrich Petroleum Corp), Indenture (Continental Resources, Inc)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Issuers or any Affiliate of the Company Issuers with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, continuing it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 23 contracts

Samples: Conveyance and Assumption Agreement (Targa Resources Corp.), Conveyance and Assumption Agreement (Targa Resources Partners LP), Conveyance and Assumption Agreement (Targa Resources Partners LP)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Issuers or any Affiliate of the Company Issuers with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee Trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 19 contracts

Samples: Supplemental Indenture (Vici Properties Inc.), Supplemental Indenture (PRETIUM CANADA Co), Indenture (Forbes Energy Services LLC)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Issuers or any Affiliate of the Company Issuers with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, continuing it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee Trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 15 contracts

Samples: Indenture (Parsley Energy, Inc.), Indenture (SunCoke Energy Partners, L.P.), Indenture (Jones Energy, Inc.)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Issuers or any Affiliate of the Company Issuers with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 14 contracts

Samples: Indenture (Catalog Resources, Inc.), Supplemental Indenture (Susser Holdings CORP), Indenture (Express Parent LLC)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Company or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, TIA it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 14 contracts

Samples: Indenture (Cineverse Corp.), Indenture (Acadia Healthcare Company, Inc.), Indenture (Nerdwallet, Inc.)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Company or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee Trustee (if this Supplemental Indenture has been qualified under the Trust Indenture Act) or resign. Any Agent may do exercise the same rights, with like rights and the same duties, as the Trustee under this Section 7.03. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 14 contracts

Samples: Indenture (Ball Corp), Indenture (Ball Corp), Indenture (Ball Corp)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Issuer or any Affiliate of the Company Issuer with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 12 contracts

Samples: Indenture (Axiall Corp/De/), Indenture (Solera Holdings, Inc), Indenture (Koppers Holdings Inc.)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Issuer or any Affiliate of the Company Issuer with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in within the meaning of the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC Commission for permission to continue as trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 11 contracts

Samples: Indenture (Sensata Technologies Holding PLC), Supplemental Indenture (Sensata Technologies Holding PLC), Supplemental Indenture (Sensata Technologies Holding PLC)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Company or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 9 contracts

Samples: Indenture (Johnstone Tank Trucking Ltd.), Indenture (Johnstone Tank Trucking Ltd.), Indenture (Residential Capital, LLC)

Individual Rights of Trustee. The Trustee in its individual commercial banking or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Subsidiary Guarantors or any Affiliate of the Company with the same rights it would have if it were not Trustee. Any Affiliate of the Trustee or Agent may do the same with like rights and duties. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue (if this Indenture has been qualified under the TIA) as trustee or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 9 contracts

Samples: Supplemental Indenture (Penn Virginia Resource Partners L P), Indenture (Atlas Pipeline Partners Lp), Indenture (Atlas Pipeline Partners Lp)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Issuers or any Affiliate of the Company Issuers with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 7 contracts

Samples: Indenture (Tesoro Logistics Lp), Indenture (Tesoro Logistics Lp), Indenture (PBF Logistics LP)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may make loans to, accept deposits from, perform services for or otherwise deal with either the Issuers, any Guarantor Issuer or any Affiliate of the Company Guarantor, or any Affiliates thereof, with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in within the meaning of Section 310(b) of the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC Commission for permission to continue as trustee Trustee or resign. Any Agent may do the same with like rights and dutiesrights. The Trustee is shall also be subject to Sections 7.10 and 7.11 hereof7.11.

Appears in 7 contracts

Samples: Supplemental Indenture (Mueller Water Products, Inc.), Indenture (Mueller Water Products, Inc.), Indenture (Mueller Water Products, Inc.)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor or any Affiliate of the Company Issuers with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 7 contracts

Samples: Indenture (Calumet Specialty Products Partners, L.P.), Supplemental Indenture (Calumet Specialty Products Partners, L.P.), Supplemental Indenture (Western Refining Logistics, LP)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Issuers or any Affiliate of the Company Issuers with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuinginterest, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections Section 7.10 and Section 7.11 hereof.

Appears in 6 contracts

Samples: Supplemental Indenture (NGL Energy Partners LP), Supplemental Indenture (NGL Energy Partners LP), Supplemental Indenture (NGL Energy Partners LP)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Issuer or any Affiliate of the Company its Affiliates with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined such term is used in the TIATrust Indenture Act) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee Trustee (if this Indenture has been qualified under the Trust Indenture Act) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 6 contracts

Samples: Indenture (Hilton Worldwide Holdings Inc.), Indenture (Hilton Worldwide Holdings Inc.), Indenture (Hilton Worldwide Holdings Inc.)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Issuers or any Affiliate of the Company their Affiliates with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined such term is used in the TIATrust Indenture Act) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee Trustee (if this Indenture has been qualified under the Trust Indenture Act) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.09 and 7.10 and 7.11 hereof.

Appears in 6 contracts

Samples: Indenture (Summit Materials, LLC), Indenture (Summit Materials, LLC), Indenture (Summit Materials, LLC)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Company or any Affiliate of the Company with the same rights it would have if it were not TrusteeTrustee and nothing in this Indenture shall deprive the Trustee of any rights as a holder or pledge of Notes. However, in the event that the Trustee acquires any conflicting interest (as defined in by the TIA) after a Default has occurred and is continuing, TIA it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee days or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 8.10 and 7.11 hereof8.11.

Appears in 6 contracts

Samples: Indenture (CURO Group Holdings Corp.), Indenture (CURO Group Holdings Corp.), Indenture (CURO Group Holdings Corp.)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Company or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, if required, apply to the SEC for permission to continue as trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 6 contracts

Samples: Indenture (Maxcom Telecommunications Inc), Indenture (Maxcom Telecommunications Inc), Indenture (Maxcom Telecommunications Inc)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Issuer or any Affiliate of the Company Issuer with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuingTIA §310(b), it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 6 contracts

Samples: Indenture (Broadcom Inc.), Indenture (Broadcom Inc.), Indenture (Broadcom Inc.)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Company or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 daysdays after ascertaining it has such conflicting interest, apply to the SEC for permission to continue as trustee or resignresign to the extent and in the manner provided by, and subject to the provisions of, the TIA and this Indenture. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 5 contracts

Samples: Indenture (Calpine Corp), Indenture (Calpine Corp), Indenture (Calpine Corp)

Individual Rights of Trustee. The Trustee Trustee, in its individual or any other capacity capacity, may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Issuers or any Affiliate of the Company Issuers with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 5 contracts

Samples: Indenture (Wynn Las Vegas LLC), Indenture (Wynn Resorts LTD), Indenture (Wynn Las Vegas LLC)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes Securities and may otherwise deal with the Issuers, any Guarantor Company or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in within the TIAmeaning of TIA ss. 310(b)) after a Default has occurred and is continuing, it must eliminate such conflict conflicting interest within 90 daysdays after Default, apply to the SEC for permission to continue as trustee trustee, or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 5 contracts

Samples: Kulicke and Soffa (Kulicke & Soffa Industries Inc), Kulicke and Soffa (Kulicke & Soffa Industries Inc), Pennsylvania Real Estate Investment Trust

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may make loans to, accept deposits from, perform services for or otherwise deal with either the Issuers, any Guarantor Issuer or any Affiliate of the Company Guarantor, or any Affiliates thereof, with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuingTrust Indenture Act, it must eliminate such conflict within 90 days, apply to the SEC Commission for permission to continue as trustee Trustee or resign. Any Agent may do the same with like rights and dutiesrights. The Trustee is shall also be subject to Sections 7.10 and 7.11 hereof7.11.

Appears in 5 contracts

Samples: Indenture (Wesco International Inc), Indenture (Brinks Co), Indenture (LKQ Corp)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 8.10 and 7.11 8.11 hereof.

Appears in 4 contracts

Samples: Supplemental Indenture (Summit Midstream Partners, LP), Supplemental Indenture (Access Midstream Partners Lp), Indenture (Summit Midstream Partners, LP)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may become a creditor of, or otherwise deal with with, the Issuers, any Guarantor Company or any Affiliate of the Company its Affiliates with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined described in the TIA) after a TIA while any Default has occurred and is continuingexists, it must eliminate such conflict within 90 days, apply to request from the SEC for permission to continue as trustee Trustee with such conflict outstanding or resignresign as Trustee. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 8.10 and 7.11 hereof8.11.

Appears in 4 contracts

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

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Issuers or any Affiliate of the Company Issuers with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in within the TIA) after a Default has occurred and is continuing, meaning of the TIA it must eliminate such conflict within 90 days, apply (subject to the SEC consent of the Issuers) to the Commission for permission to continue as trustee or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 4 contracts

Samples: Regulation S Global Note (Nb Finance Corp), Indenture (Oak Ridger LLC), Superior Essex Inc

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Company or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after when a Default has occurred and is continuing, continuing it must eliminate such conflict within 90 daysdays of the date such conflict arises, apply to the SEC for permission to continue as trustee (if this Supplemental Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 4 contracts

Samples: Supplemental Indenture (Metropcs Communications Inc), First Supplemental Indenture (Metropcs Communications Inc), Supplemental Indenture (Metropcs Communications Inc)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may become a creditor of, or otherwise deal with with, the Issuers, any Guarantor Company or any Affiliate of the Company its Affiliates with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined described in the TIA) after a TIA while any Default has occurred and is continuingexists, it must eliminate such conflict within 90 days, apply to the SEC Commission for permission to continue as trustee Trustee with such conflict or resignresign as Trustee. Any The Collateral Agent and any other Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 10.10 and 7.11 hereof10.11.

Appears in 4 contracts

Samples: Indenture (Goodrich Petroleum Corp), Indenture (Goodrich Petroleum Corp), Indenture (Goodrich Petroleum Corp)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Company or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in interest, and a default occurs with respect to the TIA) after a Default has occurred and is continuingNotes, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee Trustee or resign. Any Agent authentication agent, any Agent, or any other agent of the Trustee may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 Section 8.10 and 7.11 Section 8.11 hereof.

Appears in 4 contracts

Samples: Indenture (Akoustis Technologies, Inc.), Indenture (Akoustis, Inc.), First Supplemental Indenture (Akoustis Technologies, Inc.)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Company or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 daysdays after determining such conflicting interest, apply to the SEC for permission to continue as trustee or resignresign to the extent and in the manner provided by, and subject to the provisions of, the TIA and this Indenture. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof7.11.

Appears in 4 contracts

Samples: Calpine Corp, Delta Energy Center, LLC, Delta Energy Center, LLC

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Issuers or any Affiliate of the Company Issuers with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in within the TIA) after a Default has occurred and is continuing, meaning of the TIA it must eliminate such conflict within 90 days, apply (subject to the SEC consent of the Issuers) to the Commission for permission to continue as trustee or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof7.11.

Appears in 3 contracts

Samples: Indenture (Morris Publishing Group LLC), Indenture (Morris Publishing Group LLC), Indenture (Morris Publishing Group LLC)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Issuers or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) TIA after a Default has occurred and is continuing, ) it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 3 contracts

Samples: Indenture (Exterran Partners, L.P.), Indenture (Eagle Rock Energy Partners L P), Indenture (Exterran Partners, L.P.)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes Notes, makes loans to, accept deposits from and perform services for the Issuer or its Affiliates and may otherwise deal with the Issuers, any Guarantor Issuer or any an Affiliate of the Company Issuer with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within (ninety) 90 days, apply to the SEC Commission for permission to continue as trustee or resign. Any Agent may do the same with like rights and dutiesrights. The Trustee is also subject to Sections Section 7.10 and Section 7.11 hereof.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Centrus Energy Corp), Security Agreement (United States Enrichment Corp), Usec Inc

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Co-Issuers, any Guarantor their Subsidiaries or any Affiliate of the Company their respective Affiliates with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee Trustee (if this Indenture has been qualified under the Trust Indenture Act) or resign. Any Agent may do the same with like rights and dutiesrights. The However, the Trustee is also subject to must comply with Sections 7.10 and 7.11 hereof7.11.

Appears in 3 contracts

Samples: Indenture (Navios Maritime Holdings Inc.), Navios South American (Navios Maritime Holdings Inc.), Supplemental Indenture (Petrolera San Antonio S.A.)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Issuer or any Affiliate of the Company Issuer with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in within the TIA) after a Default has occurred and is continuing, meaning of the TIA it must eliminate such conflict within 90 days, apply (subject to the SEC consent of the Issuer) to the Commission for permission to continue as trustee or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 3 contracts

Samples: Covenants (Readers Digest Association Inc), Indenture (General Communication Inc), Indenture (Gci Inc)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may become a creditor of, or otherwise deal with with, the Issuers, any Guarantor Company or any Affiliate of the Company its Affiliates with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined described in the TIA) after a TIA while any Default has occurred and is continuingexists, it must eliminate such conflict within 90 days, apply to request from the SEC for permission to continue as trustee Trustee with such conflict outstanding or resignresign as Trustee. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof7.11.

Appears in 3 contracts

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

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Operating Partnership or any Affiliate of the Company Operating Partnership with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee Trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 3 contracts

Samples: Supplemental Indenture (QualityTech, LP), Supplemental Indenture (QTS Realty Trust, Inc.), Indenture (QualityTech, LP)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the IssuersCompany, any Guarantor or any Affiliate of the Company their respective Affiliates with the same rights it would have if it were not the Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC Commission for permission to continue as trustee or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof7.11.

Appears in 3 contracts

Samples: Indenture (Era Group Inc.), Indenture (Seacor Holdings Inc /New/), Indenture (Era Group Inc.)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Issuer or any Affiliate of the Company Issuer with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee Trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 3 contracts

Samples: Supplemental Indenture (Symbion Inc/Tn), Usp Mission Hills, Inc., Select Specialty Hospital Topeka Inc

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the IssuersCompany, any Guarantor or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 3 contracts

Samples: Supplemental Indenture (Exterran Holdings Inc.), Indenture (Bristow Group Inc), Indenture (Medic Systems Inc)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes Securities and may otherwise deal with the Issuers, any Guarantor or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 3 contracts

Samples: Indenture (Chesapeake MLP Operating LLC), Access Permian Midstream LLC, Access Midstream Partners Lp

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may become a creditor of, or otherwise deal with with, the Issuers, any Guarantor Company or any Affiliate of the Company its Affiliates with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest as described in the Trust Indenture Act of 1939 (as defined in the TIA) after a Default has occurred and is continuingeffect at such time), it must eliminate such conflict within 90 days, apply to the SEC Commission for permission to continue as trustee or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 3 contracts

Samples: Protection One (Protection One Alarm Monitoring Inc), Integrated Alarm Services (Integrated Alarm Services Group Inc), Monitronics International Inc

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Issuer or any Affiliate of the Company Issuer with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, continuing it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee Trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof7.11.

Appears in 3 contracts

Samples: Range Resources (Range Resources Corp), Indenture (Range Resources Corp), Indenture (WildHorse Resource Development Corp)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Issuers or any Affiliate of the Company Issuers with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as such term is defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee Trustee (if this Indenture has been qualified under the TIA) with such conflict or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 3 contracts

Samples: Indenture (Antero Midstream Partners LP), Indenture (Antero Midstream Corp), Indenture (Antero Midstream Partners LP)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes notes and may otherwise deal with the Issuers, either Issuer or any Guarantor or any Affiliate of the Company either Issuer or any Guarantor with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 2 contracts

Samples: Indenture (Gogo Inc.), Indenture (Gogo Inc.)

Individual Rights of Trustee. The Subject to the Trust Indenture Act, the Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Issuers or any Affiliate of the Company Issuers with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined described in the TIA) after a Default has occurred and is continuingTrust Indenture Act, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 2 contracts

Samples: Indenture (Nationstar Sub2 LLC), Indenture (Nationstar Sub1 LLC)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Company or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after when a Default has occurred and is continuing, continuing it must eliminate such conflict within 90 daysdays of the date such conflict arises, apply to the SEC for permission to continue as trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 2 contracts

Samples: Indenture (T-Mobile US, Inc.), Indenture (Metropcs Communications Inc)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Issuer or any Affiliate of the Company its Affiliates with the same rights it would have if it were not Trustee. Any Paying Agent, Registrar, co-registrar or co-paying agent may do the same with like rights. However, the Trustee must comply with Sections 7.10 and 7.11. In addition, the Trustee shall be permitted to engage in transactions with the event Issuer; provided, however, that if the Trustee acquires any conflicting interest (as defined under TIA Section 310(b) (subject to the proviso in Section 7.10), the TIATrustee must (a) after a Default has occurred and is continuing, it must eliminate such conflict within 90 daysdays of acquiring such conflicting interest, (b) apply to the SEC for permission to continue acting as trustee Trustee or (c) resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 2 contracts

Samples: Yum Brands Inc, Yum Brands Inc

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Issuer or any Affiliate of the Company Issuer with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after when a Default has occurred and is continuing, continuing it must eliminate such conflict within 90 daysdays of the date such conflict arises, apply to the SEC for permission to continue as trustee (if this Indenture has been qualified under the Trust Indenture Act) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 2 contracts

Samples: Indenture (T-Mobile Innovations LLC), Indenture (T-Mobile US, Inc.)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the IssuersCompany, any Guarantor or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such that conflict within 90 days, apply to the SEC for permission to continue as trustee Trustee or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 2 contracts

Samples: Indenture (Endeavour International Corp), Indenture (Endeavor International Corp)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes Debt Securities and may otherwise deal with the Issuers, any Guarantor Company or any Affiliate of the Company with the same rights as it would have if it the Trustee were not Trusteethe Trustee hereunder. However, in the event that the Trustee acquires any conflicting interest (as defined in accordance with the TIA) after a Default has occurred and is continuing, Trust Indenture Act it must eliminate such conflict conflicting interest within 90 days, apply to the SEC Commission for permission to continue as trustee Trustee or resign. Any Agent Paying Agent, Registrar or co-registrar may do the same with like rights and dutiesrights. The Trustee is also shall at all times remain subject to Sections Section 7.10 and 7.11 hereofSection 7.11.

Appears in 2 contracts

Samples: Indenture (CVS Caremark Corp), CVS (CVS Caremark Corp)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Company or any Affiliate of the Company with the same rights as it would have if it the Trustee were not Trusteethe Trustee hereunder. However, in the event that the Trustee acquires any conflicting interest (as defined in accordance with the TIA) after a Default has occurred and is continuing, TIA it must eliminate such conflict conflicting interest within 90 days, apply to the SEC for permission to continue as trustee Trustee or resign. Any Agent Paying Agent, Registrar or co-registrar may do the same with like rights and dutiesrights. The Trustee is also shall at all times remain subject to Sections Section 7.10 and 7.11 hereofSection 7.11.

Appears in 2 contracts

Samples: Purchase Agreement (CVS Corp), Nations Title Co Inc

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may become a creditor of, or otherwise deal with with, the Issuers, any Guarantor Issuer or any Affiliate of the Company its Affiliates with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined described in the TIA) after a Trust Indenture Act while any Default has occurred and is continuingexists, it must eliminate such conflict within 90 days, apply to the SEC Commission for permission to continue as trustee Trustee with such conflict or resignresign as Trustee. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereofSection 7.09.

Appears in 2 contracts

Samples: Indenture (Kinetik Holdings Inc.), Indenture (Kinetik Holdings Inc.)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Issuers or any Affiliate of the Company Issuers with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuingTIA §310(b), it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 2 contracts

Samples: Indenture (Broadcom LTD), Indenture (Broadcom Cayman L.P.)

Individual Rights of Trustee. The Trustee in its individual commercial banking or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor or any Affiliate of the Company Issuers with the same rights it would have if it were not Trustee. Any Affiliate of the Trustee, and any Paying Agent, Registrar, co-registrar or co-paying agent, may do the same with like rights. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC Commission for permission to continue as trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof7.11.

Appears in 2 contracts

Samples: Tronox (Tronox Inc), Indenture (Tronox Inc)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor the Subsidiary Guarantors or any Affiliate of the Company Issuers or the Subsidiary Guarantors with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 2 contracts

Samples: Indenture (Foamex Capital Corp), Indenture (Foamex International Inc)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Issuer or any Affiliate of the Company Issuer with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (interest, as defined in Section 310(b) of the TIA) after a Default has occurred and is continuingTrust Indenture Act, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 2 contracts

Samples: Indenture (Aramark), Indenture (Aramark)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes Securities and may otherwise deal with the Issuers, any Guarantor Company or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in within the TIAmeaning of TIA § 310(b)) after a Default has occurred and is continuing, it must eliminate such conflict conflicting interest within 90 daysdays after the default referred to in such § 310(b), apply to the SEC for permission to continue as trustee trustee, or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 2 contracts

Samples: Kulicke and Soffa (Kulicke & Soffa Industries Inc), Kulicke and Soffa (Kulicke & Soffa Industries Inc)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may become a creditor of, or otherwise deal with with, the Issuers, any Guarantor Issuers or any Affiliate of the Company their Affiliates with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest as described in the TIA (as defined in the TIA) after a Default has occurred and is continuingeffect at such time), it must eliminate such conflict within 90 days, apply to the SEC Commission for permission to continue as trustee or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof7.11.

Appears in 2 contracts

Samples: Indenture (Windstream Services, LLC), Windstream Services, LLC

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Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may become a creditor of, or otherwise deal with with, the Issuers, any Guarantor Company or any Affiliate of the Company its Affiliates with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined described in the TIA) after a TIA while any Default has occurred and is continuingexists, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee Trustee with such conflict or resignresign as Trustee. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof7.11.

Appears in 2 contracts

Samples: Indenture (Ultra Petroleum Corp), Indenture (Ultra Petroleum Corp)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Parent Guarantor or any Affiliate of the Company Parent Guarantor with the same rights it would have if it were not Trustee. Any Affiliate of the Trustee or Agent may do the same with like rights and duties. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, continuing it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections Section 7.10 and Section 7.11 hereof.

Appears in 2 contracts

Samples: Indenture (Youngs Creek Mining Co LLC), Indenture (Youngs Creek Mining Co LLC)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Issuer or any Affiliate of the Company Issuer with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, continuing it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee Trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 2 contracts

Samples: Indenture (Memorial Resource Development Corp.), Supplemental Indenture (Chesapeake Energy Corp)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes Debt Securities and may otherwise deal with the Issuers, any Guarantor Company or any Affiliate of the Company with the same rights as it would have if it the Trustee were not Trusteethe Trustee hereunder. However, in the event that the Trustee acquires any conflicting interest (as defined in accordance with the TIA) after a Default has occurred and is continuing, TIA it must eliminate such conflict conflicting interest within 90 days, apply to the SEC for permission to continue as trustee Trustee or resign. Any Agent Paying Agent, Registrar or co-registrar may do the same with like rights and dutiesrights. The Trustee is also shall at all times remain subject to Sections Section 7.10 and 7.11 hereofSection 7.11.

Appears in 2 contracts

Samples: Indenture (CVS Corp), Indenture (CVS Corp)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may become a creditor of, or otherwise deal with with, the Issuers, any Guarantor Company or any Affiliate of the Company its Subsidiaries or Affiliates with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest as described in the TIA (as defined in the TIA) after a Default has occurred and is continuingeffect at such time), it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof7.11.

Appears in 2 contracts

Samples: Indenture (Ames True Temper, Inc.), Ames True Temper, Inc.

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Company or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in Section 310(b) of the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof7.11.

Appears in 2 contracts

Samples: Subordination Agreement (Cheniere Energy Inc), Indenture (Cheniere Energy Partners, L.P.)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes Securities and may otherwise deal with the Issuers, any Guarantor or any Affiliate of the Company their respective Affiliates with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and dutiesrights. The Trustee is also subject to Sections 7.10 and 7.11 hereof7.11.

Appears in 2 contracts

Samples: Daron Coal Company, LLC, Daron Coal Company, LLC

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Company or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 2 contracts

Samples: Indenture (Global Geophysical Services Inc), Indenture (Global Geophysical Services Inc)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the IssuersCompany, any Guarantor or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee Trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 2 contracts

Samples: Indenture (Apparel Holding Corp.), Indenture (Apparel Holding Corp.)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Issuers or any Affiliate of the Company their Affiliates with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined such term is used in the TIATrust Indenture Act) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee Trustee (if this Indenture has been qualified under the Trust Indenture Act) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 2 contracts

Samples: Indenture (Hilton Worldwide Holdings Inc.), Indenture (Hilton Grand Vacations Inc.)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Issuer or any Affiliate of the Company Issuer with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must (i) eliminate such conflict within 90 days, (ii) apply to the SEC for permission to continue as trustee (if this Indenture has been qualified under the TIA) or (iii) resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 2 contracts

Samples: Indenture (Walter Energy, Inc.), Indenture (Walter Energy, Inc.)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the IssuersIssuer, any Guarantor the Subsidiary Guarantors or any Affiliate of the Company Issuer or the Subsidiary Guarantors with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee or resign, if necessary. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 2 contracts

Samples: Indenture (Amf Bowling Worldwide Inc), Amf Bowling Worldwide Inc

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Subsidiary Guarantors or any Affiliate of the Company Partnership with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 2 contracts

Samples: Management Agreement (Leviathan Finance Corp), Indenture (El Paso Energy Partners Deepwater LLC)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may become a creditor of, or otherwise deal with with, the Issuers, any Guarantor Company or any Affiliate of the Company its Affiliates with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest as described in the Trust Indenture Act of 1939 (as defined in the TIA) after a Default has occurred and is continuingeffect at such time), it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 2 contracts

Samples: Indenture (Texas Industries Inc), Execution (Venture Holdings, Inc.)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Issuers or any Affiliate of the Company Issuers with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuinginterest, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections Section 7.10 and 7.11 hereofSection 7.11.

Appears in 2 contracts

Samples: Indenture (Compressco Partners, L.P.), Indenture (Tetra Technologies Inc)

Individual Rights of Trustee. The Trustee or any of its Affiliates, each in its individual or any other capacity may become the owner or pledgee of Notes and may become a creditor of, or otherwise deal with the IssuersParent, any Guarantor its Subsidiaries or any Affiliate of the Company their respective Affiliates with the same rights it would have if it were not Trustee or an Affiliate of the Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 Section 7.09 hereof.

Appears in 2 contracts

Samples: United Air Lines Inc, United Air Lines Inc

Individual Rights of Trustee. The Trustee Trustee, in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Company or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee (if this Indenture has been qualified under the TIA) or resign. Any The Collateral Agent, the Custodian, and any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 2 contracts

Samples: Indenture (A. M. Castle & Co.), Indenture (Total Plastics, Inc.)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Issuer or any Affiliate of the Company Issuer with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as it is defined in the TIA) after a Default has occurred and is continuingTIA § 310), it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 7.11 and 7.11 7.12 hereof.

Appears in 2 contracts

Samples: Indenture (Inmarsat Launch CO LTD), Indenture (Inmarsat Holdings LTD)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Issuers or any Affiliate of the Company Issuers with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest within the meaning of Section 310(b) of the U.S. Trust Indenture Act of 1939, as amended (as defined in if the TIA) after a Default has occurred and is continuingTrust Indenture Act were applicable hereto), it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee days or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereofSection 7.09.

Appears in 2 contracts

Samples: Supplemental Indenture (Herbalife Ltd.), Indenture (Herbalife Nutrition Ltd.)

Individual Rights of Trustee. The Trustee or any of its Affiliates, each in its individual or any other capacity may become the owner or pledgee of Notes and may become a creditor of, or otherwise deal with the IssuersCompany, any Guarantor its Subsidiaries or any Affiliate of the Company their respective Affiliates with the same rights it would have if it were not Trustee or an Affiliate of the Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 Section 7.09 hereof.

Appears in 2 contracts

Samples: Indenture (Continental Airlines Inc /De/), Supplemental Indenture (American Airlines Inc)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor CVS or any Affiliate of the Company CVS with the same rights as it would have if it the Trustee were not Trusteethe Trustee hereunder. However, in the event that the Trustee acquires any conflicting interest (as defined in accordance with the TIA) after a Default has occurred and is continuing, TIA it must eliminate such conflict conflicting interest within 90 days, apply to the SEC for permission to continue as trustee Trustee or resign. Any Agent Paying Agent, Registrar or co-registrar may do the same with like rights and dutiesrights. The Trustee is also shall at all times remain subject to Sections Section 7.10 and 7.11 hereofSection 7.11.

Appears in 1 contract

Samples: Indenture (CVS Corp)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Company or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in within the TIA) after a Default has occurred and is continuingmeaning of TIA Section 310(b), it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof7.11.

Appears in 1 contract

Samples: Indenture (Post Holdings, Inc.)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Issuer or any Affiliate of the Company Issuer with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is and any Agent are also subject to Sections 7.10 and 7.11 hereof.

Appears in 1 contract

Samples: Indenture (Tronox LTD)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Issuer or any Affiliate of the Company Issuer with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in by the TIA) after a Default has occurred and is continuing, Trust Indenture Act it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee or resignresign as provided in the Trust Indenture Act. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 1 contract

Samples: Intercreditor Agreement (Merge Healthcare Inc)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Company or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, TIA it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections Section 7.10 and Section 7.11 hereof.

Appears in 1 contract

Samples: Indenture (Lsi Industries Inc)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may become a creditor of, or otherwise deal with with, the Issuers, any Guarantor Company or any Affiliate of the Company its Affiliates with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined described in the TIA) after a TIA while any Default has occurred and is continuingexists, it must eliminate such conflict within 90 days, apply to request from the SEC for Commission permission to continue as trustee Trustee with such conflict outstanding or resignresign as Trustee. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof7.11.

Appears in 1 contract

Samples: Indenture (SM Energy Co)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the IssuersCompany, any Guarantor or any Affiliate of the Company their respective Affiliates with the same rights it would have if it were not the Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC Commission for permission to continue as trustee or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 8.10 and 7.11 hereof8.11.

Appears in 1 contract

Samples: Third Supplemental Indenture (Bristow Group Inc)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may become a creditor of, or otherwise deal with with, the Issuers, any Guarantor Company or any Affiliate of the Company its Affiliates with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest as described in the TIA (as defined in the TIA) after a Default has occurred and is continuingeffect at such time), it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof7.11.

Appears in 1 contract

Samples: Indenture (Brown Shoe Co Inc)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the IssuersCompany, any Subsidiary Guarantor or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 1 contract

Samples: Indenture (Chesapeake Oilfield Operating LLC)

Individual Rights of Trustee. The Trustee or any Agent in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Issuer or any Affiliate of the Company Issuer with the same rights it would have if it were not TrusteeTrustee or such Agent. However, in the event that the Trustee acquires any conflicting interest (as defined in within the TIAmeaning of Trust Indenture Act Section 310(b) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee (if this Indenture has been qualified under the Trust Indenture Act) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof7.11.

Appears in 1 contract

Samples: Intercreditor Agreement (Spanish Broadcasting System Inc)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become come the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Issuer or any Affiliate of the Company its Affiliates with the same rights it would have if it were not Trustee. Any Agent may do the same with like rights. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee (if the Indenture has been qualified under the Trust Indenture Act) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 1 contract

Samples: Intercreditor Agreement (Campbell Alliance Group Inc)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Company or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in within the TIAmeaning of TIA Section 310(b) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 1 contract

Samples: Indenture (Teleflex Inc)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Company or any Affiliate of the Company with the same rights as it would have if it the Trustee were not Trusteethe Trustee hereunder. However, in the event that the Trustee acquires any conflicting interest (as defined in accordance with the TIA) after a Default has occurred and is continuing, TIA it must eliminate such conflict conflicting interest within 90 days, apply to the SEC for permission to continue as trustee Trustee or resign. Any Agent Paying Agent, Registrar or co-registrar may do the same with like rights and duties. The Trustee is also shall at all times remain subject to Sections 7.10 Section 8.10 and 7.11 hereofSection 8.11.

Appears in 1 contract

Samples: Goss Graphic Systems Inc

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing), it must (i) eliminate such conflict within 90 daysdays of acquiring such conflicting interest, (ii) apply to the SEC for permission to continue as trustee or (iii) resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections Section 7.10 and Section 7.11 hereof.

Appears in 1 contract

Samples: Indenture (Breitburn Energy Partners LP)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, either Company or any Subsidiary Guarantor or any Affiliate of the Company or any Subsidiary Guarantor with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee Trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 1 contract

Samples: Indenture (Illinois Power Generating Co)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, any Guarantor Stater Bros. or any Affiliate of the Company Stater Bros. with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined described in the TIA) after a Default has occurred and is continuingTIA as then in effect, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.. ------------- ----

Appears in 1 contract

Samples: Stater Bros Holdings Inc

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may become a creditor of, or otherwise deal with with, the Issuers, any Guarantor Company or any Affiliate of the Company its Affiliates with the same rights it would have if it were not the Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined described in the TIA) after a TIA while any Default has occurred and is continuingexists, it must eliminate such conflict within 90 days, apply to the SEC Commission for permission to continue as trustee Trustee with such conflict or resignresign as Trustee. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof7.10.

Appears in 1 contract

Samples: California Resources Corp

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers, Company or any Guarantor or any Affiliate of the Company or any Guarantor with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) ), after a Default has occurred and is continuing, it must (i) eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee days or (ii) resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections Section 7.10 and 7.11 hereof.Section 7.11. 108

Appears in 1 contract

Samples: Indenture (Altera Infrastructure L.P.)

Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may become a creditor of, or otherwise deal with the Issuers, any Guarantor Company or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the TIA) after a Default has occurred and is continuing, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof.

Appears in 1 contract

Samples: Indenture (Dycom Industries Inc)

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