Common use of Commercial Transactions Clause in Contracts

Commercial Transactions. The Security Trustee shall not, and no director, officer or employee of any corporation being a Security Trustee hereof shall by reason of the fiduciary position of the Security Trustee be in any way precluded from making any commercial contracts or entering into any commercial transactions with any party to the Funding Transaction Documents, whether directly or through any subsidiary or associated company, or from accepting the trusteeship of any other debenture stock, debentures or securities of any party to the Funding Transaction Documents, and without prejudice to the generality of these provisions, it is expressly declared that such contracts and transactions include any contract or transaction in relation to the placing, underwriting, purchasing, subscribing for or dealing with or lending monies upon or making payments in respect of or any stock, shares, debenture stock, debentures or other securities of any party to the Funding Transaction Documents or any contract of banking or insurance of any party to the Funding Transaction Documents and neither the Security Trustee nor any such director, officer or employee shall be accountable to any Funding Secured Creditor or to any party to the Funding Transaction Documents for any profit, fees, commissions, interest, discounts or share of brokerage earned, arising or resulting from any such contracts or transactions, and the Security Trustee and any such director, officer or employee shall also be at liberty to retain the same without accounting therefor.

Commercial Transactions. The Issuer Security Trustee shall not, and no director, officer or employee of any corporation being a an Issuer Security Trustee hereof shall by reason of the fiduciary position of the Issuer Security Trustee be in any way precluded from making any commercial contracts or entering into any commercial transactions with any party to the Funding Issuer Transaction Documents, whether directly or through any subsidiary or associated company, or from accepting the trusteeship of any other debenture stock, debentures or securities of any party to the Funding Issuer Transaction Documents, and without prejudice to the generality of these provisions, it is expressly declared that such contracts and transactions include any contract or transaction in relation to the placing, underwriting, purchasing, subscribing for or dealing with or lending monies upon or making payments in respect of or any stock, shares, debenture stock, debentures or other securities of any party to the Funding Issuer Transaction Documents or any contract of banking or insurance of any party to the Funding Issuer Transaction Documents and neither the Issuer Security Trustee nor any such director, officer or employee shall be accountable to any Funding Issuer Secured Creditor or to any party to the Funding Issuer Transaction Documents for any profit, fees, commissions, interest, discounts or share of brokerage earned, arising or resulting from any such contracts or transactions, and the Issuer Security Trustee and any such director, officer or employee shall also be at liberty to retain the same without accounting therefor.