Powers Duties and Rights of the Guarantee Trustee Sample Clauses

Powers Duties and Rights of the Guarantee Trustee. Section 3.1. Powers and Duties of the Guarantee Trustee. 6 Section 3.2. Certain Rights of Guarantee Trustee. 7 Section 3.3. Compensation; Indemnity; Fees. 9

Powers Duties and Rights of the Guarantee Trustee. SECTION 2.1. Powers and Duties of the Guarantee Trustee............................................4 SECTION 2.2. Certain Rights of the Guarantee Trustee...............................................5 SECTION 2.3. Not Responsible for Recitals or Issuance of Guarantee.................................7 SECTION 2.4. Events of Default; Waiver.............................................................7 SECTION 2.5. Events of Default; Notice.............................................................8

Powers Duties and Rights of the Guarantee Trustee. Section 3.1. Powers and Duties of the Guarantee Trustee ....

Powers Duties and Rights of the Guarantee Trustee. Powers and Duties of the Guarantee Trustee 5 Section 3.2 Certain Rights of Guarantee Trustee 6 Section 3.3 Indemnity 8

Powers Duties and Rights of the Guarantee Trustee. Section 3.1 Powers and Duties of the Guarantee Trustee. (a) This Guarantee Agreement shall be held by the Guarantee Trustee for the benefit of the Holders, and the Guarantee Trustee shall not transfer this Guarantee Agreement to any Person except a Holder exercising his or her rights pursuant to Section 5.4(iv) or to a Successor Guarantee Trustee on acceptance by such Successor Guarantee Trustee of its appointment to act as Successor Guarantee Trustee. The right, title and interest of the Guarantee Trustee shall automatically vest in any Successor Guarantee Trustee, upon acceptance by such Successor Guarantee Trustee of its appointment hereunder, and such vesting and cessation of title shall be effective whether or not conveying documents have been executed and delivered pursuant to the appointment of such Successor Guarantee Trustee. (b) The Guarantee Trustee, before the occurrence of any Event of Default and after the curing or waiving of all Events of Default that may have occurred, shall undertake to perform only such duties as are specifically set forth in this Guarantee Agreement, and no implied covenants, duties or obligations shall be read into this Guarantee Agreement against the Guarantee Trustee. In case an Event of Default has occurred (that has not been cured or waived pursuant to Section 2.6), the Guarantee Trustee shall enforce this Guarantee Agreement for the benefit of the Holders and shall exercise such of the rights and powers vested in it by this Guarantee Agreement, and use the same degree of care and skill in its exercise thereof, as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs. (c) No provision of this Guarantee Agreement shall be construed to relieve the Guarantee Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that: (i) this Subsection shall not be construed to limit Subsection (b) of this Section; (ii) the Guarantee Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer of the Guarantee Trustee, unless it shall be proved that the Guarantee Trustee was negligent in ascertaining the pertinent facts upon which such judgment was made; (iii) the Guarantee Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the direction of the Holders of not less than a Majority in Liquidation Amount of the ...

Powers Duties and Rights of the Guarantee Trustee. Section 2.1 Powers and Duties of the Guarantee Trustee 5 Section 2.2 Certain Rights of the Guarantee Trustee 7 Section 2.3 Not Responsible for Recitals or Issuance of Guarantee 9 Section 2.4 Events of Default; Waiver 9 Section 2.5 Events of Default; Notice 9

Powers Duties and Rights of the Guarantee Trustee. Powers and Duties of the Guarantee Trustee.

Powers Duties and Rights of the Guarantee Trustee. SECTION 3.1. Powers and Duties of the Guarantee Trustee . . . . . . . . . . . . . . . . . . . . . . . . . 8 SECTION 3.2. Certain Rights of Guarantee Trustee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 SECTION 3.3. Indemnity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

Powers Duties and Rights of the Guarantee Trustee. SECTION 3.1. POWERS AND DUTIES OF THE GUARANTEE TRUSTEE...................... SECTION 3.2.