Section 602 Certain Rights of Trustee Sample Clauses

Section 602 Certain Rights of Trustee. Subject to the provisions of TIA Section 315(a) through 315(d):
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Section 602 Certain Rights of Trustee. Subject to the provisions of Trust Indenture Act Sections 315(a) through 315(d):
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Section 602 Certain Rights of Trustee. Subject to the provisions of Section 601:
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Section 602 Certain Rights of Trustee. (1) If an Event of Default has occurred and is continuing, the Trustee shall exercise the rights and powers vested in it by this Indenture and use the same degree of care and skill in its exercise as a prudent person would exercise or use under the circumstances in the conduct of such person's own affairs.
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Section 602 Certain Rights of Trustee. . . 46 Section 603 Not Responsible for Recitals or Issuance of Securities . . . . . . . . . . . . . . . . 47
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Section 602 Certain Rights of Trustee. (1) Prior to the time when the occurrence of an Event of Default becomes known to a Responsible Officer of the Trustee and after the curing or waiving of all such Events of Default with respect to a series of Securities that may have occurred:
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Section 602 Certain Rights of Trustee. 49 SECTION 603 Not Responsible for Recitals or Issuance of Securities............. 52
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Related to Section 602 Certain Rights of Trustee

  • Certain Rights of Trustee Subject to the provisions of Section 601:

  • Rights of Trustee (a) The Trustee may conclusively rely upon any document believed by it to be genuine and to have been signed or presented by the proper Person. The Trustee need not investigate any fact or matter stated in the document.

  • 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 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 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.

  • Certain Rights of the Trustee In furtherance of and subject to the Trust Indenture Act of 1939, and subject to Section 5.01:

  • Application of Trust Funds Certain Duties Section 5.01. [Reserved].

  • Right of Trustee to Hold Senior Indebtedness The Trustee in its individual capacity shall be entitled to all of the rights set forth in this Article 14 in respect of any Senior Indebtedness at any time held by it to the same extent as any other holder of Senior Indebtedness, and nothing in this Indenture shall be construed to deprive the Trustee of any of its rights as such holder.

  • Assets of Trust The assets of the Trust shall consist of the Trust Property.

  • Certain Rights of Property Trustee Subject to the provisions of Section 8.1:

  • Merger or Consolidation of Trustee Any corporation into which the Trustee may be merged or converted or with which it may be consolidated or any corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to the business of the Trustee, shall be the successor of the Trustee hereunder, provided that such corporation shall be eligible under the provisions of Section 8.06 hereof without the execution or filing of any paper or further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding.

  • Rights of Trustee as Holder of Senior Indebtedness; Preservation of Trustee's Rights The Trustee in its individual capacity shall be entitled to all the rights set forth in this Article with respect to any Senior Indebtedness that may at any time be held by it, to the same extent as any other holder of Senior Indebtedness, and nothing in this Indenture shall deprive the Trustee of any of its rights as such holder.

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