Trustee's Rights Sample Clauses

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 Debt of the Company which may at any time be held by it, to the same extent as any other holder of Senior Debt of the Company, and nothing in this Indenture shall deprive the Trustee of any of its rights as such holder. Nothing in this Article shall apply to claims of, or payments to, the Trustee under or pursuant to Section 607.
AutoNDA by SimpleDocs
Trustee's Rights. Landlord and Tenant understand that, notwithstanding contrary terms in this Lease, a trustee or debtor in possession under the United States Bankruptcy Code, as amended, (the “Code”) may have certain rights to assume or assign this Lease. This Lease shall not be construed to give the trustee or debtor in possession any rights greater than the minimum rights granted under the Code.
Trustee's Rights. The Trustee shall be entitled to receive all interest, dividends and other distributions of any kind whatsoever on or with respect to the Loaned Securities made during the period of the relevant Loan or for which the record date occurs during the period of the relevant Loan. Upon the payment or distribution of any of the foregoing to any person other than the Trustee, the Borrower shall, on the due date for payment or distribution thereof, pay and deliver the same or identical property (with any such endorsements or assignments as shall be customary and appropriate to effect the delivery) to the Trustee, for the account of the relevant Account, irrespective of whether the Borrower received the same; provided, however, that (i) any distribution of securities made in exchange for Loaned Securities shall be considered as substituted for such Loaned Securities and need not be delivered to the Trustee until the relevant Loan is terminated hereunder, (ii) any dividend payable solely in shares of stock which is distributed with respect to any Loaned Securities shall become a new Loan (and shall constitute Loaned Securities, on the same terms as the Loaned Securities in respect of which they were distributed, for all purposes hereof) and need not be delivered to the Trustee until such new Loan is terminated hereunder, if at or before the delivery of such dividend the Borrower shall have delivered such additional Collateral for such new Loan to the Trustee as shall be necessary to make the aggregate Market Value of the Collateral for such Loan, determined on the date of such distribution, at least equal to the Required Value with respect to such Loan determined on such date, and (iii) any distribution of warrants or rights to purchase shares made with respect to any Loaned Securities shall be deemed to be, and shall be, a new Loan made to the Borrower from the Account which loaned the Borrower the Loaned Securities with respect to which such distribution is made (and shall be treated as Loaned Securities, and as a separate Loan, for all purposes hereof) and need not be delivered to the Trustee until such new Loan is terminated in accordance herewith, if at or before the delivery of such distribution the Borrower and the Trustee shall have agreed upon the Required Value for such new Loan and the Borrower shall have delivered to the Trustee Collateral for such new Loan having a Market Value acceptable to the Trustee.
Trustee's Rights. The Trustee may, at any time after the occurrence of a Default, transfer any securities or any part thereof into its own name or that of a third party appointed by it so that the Trustee or its nominee(s) may appear as the sole registered holder, in which case:
Trustee's Rights. 6.1 The Trustee shall not be liable for any action or any failure to act taken in good faith or upon the instruction of the Settlor. The Trustee shall be entitled to rely upon the information provided to it by the Settlor. No bond or other security for the faithful performance of its duties under this Agreement shall be required of the Trustee. Notwithstanding anything to the contrary set forth herein, the Trustee shall have no duty to act or refrain from acting hereunder except in accordance with the written instructions of the Settlor. The Trustee assumes no responsibility as to the validity or sufficiency of any instrument developed by the Settlor and held in the Trust.
Trustee's Rights. This clause 2 does not exclude or limit any other right or remedy of the Trustee or require the Trustee to pay any SIEF Funds for work on the Project undertaken after the Project End Date. Any amounts withheld, deducted or paid to the Trustee under this clause are not in the nature of liquidated damages and will be credited against any claim for damages against the relevant Grant Recipient which is in whole or in part in respect of the same event.
Trustee's Rights in the event of dispute Subject to clause 2.4(b)(ii), the Trustee may, at the Trustee’s sole and absolute discretion, exercise the rights of the Trustee under this clause 2, despite the existence of a dispute. The Trustee does not have to comply with the process set out at Schedule D in order to exercise the Trustee’s rights under this clause 2.
AutoNDA by SimpleDocs
Trustee's Rights. The Trustee may in its discretion, but shall not be obligated to, enter into any Supplemental Bond Indenture authorized by Subsections A or B of this Section that materially adversely affects the Trustee’s own rights, duties or immunities under this Bond Indenture or otherwise.
Trustee's Rights. The Trustee's rights to compensation, reimbursement of expenses and indemnification under Sections 6.10 and 7.07 are not subordinated.
Trustee's Rights. If Tenant becomes the subject debtor in a case pending under the Bankruptcy Code, Landlord’s right to terminate this Lease pursuant to Section 19.2 shall be subject to the rights of Trustee under the Bankruptcy Code. Trustee shall not have the right to assume or assign this Lease unless Trustee promptly (i) cures all defaults under this Lease (to the extent such cure is required pursuant to the Bankruptcy Code, as interpreted under applicable case law), (ii) compensates Landlord for monetary damages incurred as a result of defaults that are required to be cured, and (iii) provides adequate assurance of future performance on the part of Tenant as debtor in possession or on the part of the assignee tenant.
Time is Money Join Law Insider Premium to draft better contracts faster.