Common use of Limitations on Rights of Trustee as Creditor Clause in Contracts

Limitations on Rights of Trustee as Creditor. The Trustee shall comply with Section 311(a) of the Trust Indenture Act, excluding any creditor relationship described in Section 311(b) of the Trust Indenture Act. A Trustee who has resigned or been removed shall be subject to Section 311(a) of the Trust Indenture Act to the extent included therein.

Appears in 34 contracts

Samples: Indenture (NewAmsterdam Pharma Co N.V.), Indenture (Flushing Financial Corp), Indenture (Amalgamated Financial Corp.)

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Limitations on Rights of Trustee as Creditor. The Trustee shall comply with Section 311(a) of the Trust Indenture Act, excluding any creditor relationship described in Section 311(b) of the Trust Indenture Act. A Trustee who has resigned or been removed shall be subject to Section 311(a) of the Trust Indenture Act to the extent included therein.

Appears in 3 contracts

Samples: Subordinated Indenture (Residential Capital Corp), Residential Capital Corp, Gmac Residential Holding Corp.

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