Common use of Qualification of Trustee; Conflicting Interests Clause in Contracts

Qualification of Trustee; Conflicting Interests. The Trustee shall comply with Section 310(b) of the Trust Indenture Act. Subject to compliance with the Trust Indenture Act, the Trustee and its affiliates, may also engage in or be interested in any financial or other transaction with the Issuer and may act as depository, trustee or agent for any committee of Holders or other obligations of the Issuer as freely as if it were not Trustee.

Appears in 2 contracts

Samples: Indenture (Exelon Generation Co LLC), Indenture (Exelon Generation Co LLC)

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Qualification of Trustee; Conflicting Interests. The Trustee shall comply with Section 310(b) of the Trust Indenture Act. Subject to compliance with the Trust Indenture Act, the Trustee and its affiliates, may also engage in or be interested in any financial or other transaction with the Issuer and may act as depository, trustee or agent for any committee of Holders Holder or other obligations of the Issuer as freely as if it were not Trustee.

Appears in 2 contracts

Samples: Exelon Corp, Indenture (Exelon Generation Co LLC)

Qualification of Trustee; Conflicting Interests. The Trustee shall be subject to and comply with the provisions of Section 310(b) of the Trust Indenture Act. Subject to compliance with Act regarding the Trust Indenture Act, disqualification of the Trustee and its affiliates, may also engage in or be interested in the event that it acquires any financial or other transaction with the Issuer and may act conflicting interest as depository, trustee or agent for any committee of Holders or other obligations of the Issuer as freely as if it were not Trusteetherein defined.

Appears in 1 contract

Samples: Indenture (Conseco Inc)

Qualification of Trustee; Conflicting Interests. The Trustee shall comply with Section 310(b) of the Trust Indenture Act. Subject to compliance with the Trust Indenture Act, the Trustee and its affiliates, affiliates may also engage in or be interested in any financial or other transaction with the Issuer Company and may act as depository, trustee or agent for any committee of Holders or other obligations of the Issuer Company as freely as if it were not Trustee.

Appears in 1 contract

Samples: Indenture (Oglethorpe Power Corp)

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Qualification of Trustee; Conflicting Interests. The Trustee shall be subject to and comply with the provisions of Section 310(b) of the Trust Indenture Act. Subject to compliance with Act regarding the Trust Indenture Act, disqualification or the Trustee and its affiliates, may also engage in or be interested in the event that it acquires any financial or other transaction with the Issuer and may act conflicting interest as depository, trustee or agent for any committee of Holders or other obligations of the Issuer as freely as if it were not Trusteetherein defined.

Appears in 1 contract

Samples: Indenture (Conseco Inc)

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