Common use of Conflicting Interests Clause in Contracts

Conflicting Interests. (a) If the Property Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Property Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Trust Agreement.

Appears in 253 contracts

Samples: Trust Agreement, Trust Agreement (Goldman Sachs Capital III), Trust Agreement (Goldman Sachs Group Inc)

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Conflicting Interests. (a) If the Property Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Property Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Trust Agreement. To the extent permitted by the Trust Indenture Act, the Property Trustee shall not be deemed to have a conflicting interest by virtue of being trustee under the Guarantee.

Appears in 28 contracts

Samples: Trust Agreement (Southwestern Electric Power Co), Trust Agreement (Mississippi Power Capital Trust Iii), Trust Agreement (Sei Trust I)

Conflicting Interests. (a) If the Property Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Property Trustee shall either eliminate such interest or resign, to the extent required and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Trust Agreement.

Appears in 6 contracts

Samples: Trust Agreement (Easy Gardener Products LTD), Trust Agreement (Us Home & Garden Trust I), Trust Agreement (American Coin Merchandising Trust Iv)

Conflicting Interests. (a) If the Property Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Property Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Trust AgreementDeclaration.

Appears in 4 contracts

Samples: Trust Agreement (Public Service Electric & Gas Co), Agreement (Provident Companies Inc /De/), Trust Agreement (Public Service Enterprise Group Inc)

Conflicting Interests. (a) If the Property Trustee has or shall --------------------- acquire a conflicting interest within the meaning of the Trust Indenture Act, the Property Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Trust Agreement.

Appears in 4 contracts

Samples: Trust Agreement (United Rentals Inc /De), Trust Agreement (Abc Bancorp Capital Trust I), Trust Agreement (Ctbi Preferred Capital Trust Ii)

Conflicting Interests. (a) If the Property Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Property Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Trust Agreement. The Indenture and the Guarantee are hereby excluded for purposes of Section 310(b)(1) of the Trust Indenture Act.

Appears in 4 contracts

Samples: Trust Agreement (Sce Trust I), Trust Agreement (Oneok Inc /New/), Trust Agreement (Eix Trust Iii)

Conflicting Interests. (a) If the Property Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Property Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Trust AgreementDeclaration of Trust.

Appears in 4 contracts

Samples: Southern Financial Capital Trust I, Guaranty Capital Trust I, Highlands Capital Trust I

Conflicting Interests. (a) If the Property Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Property Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Trust AgreementIndenture.

Appears in 2 contracts

Samples: Trust Agreement (Alabama Power Capital Trust I), Trust Agreement (Alabama Power Co)

Conflicting Interests. (a) If the Property Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Property Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Trust Agreement. The Indenture and the guarantee are hereby excluded for purposes of Section 310(b)(1) of the Trust Indenture Act.

Appears in 2 contracts

Samples: Trust Agreement (Oneok Inc /New/), Trust Agreement (FPC Capital Ii)

Conflicting Interests. (a) If the Property Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Property Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Trustee Indenture Act and this Trust Agreement.

Appears in 2 contracts

Samples: Exchange and Registration Rights Agreement (Aon Corp), Trust Agreement (Dominion Resources Inc /Va/)

Conflicting Interests. (a) nterests If the Property Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Property Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Trust Agreement.

Appears in 2 contracts

Samples: Trust Agreement (Alabama Power Capital Trust Iv), Trust Agreement (Mississippi Power Capital Trust Ii)

Conflicting Interests. (a) If the Property Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Property Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Trust AgreementDeclaration of Trust.

Appears in 2 contracts

Samples: Expenses and Liabilities (Privatebancorp, Inc), Expenses and Liabilities (Privatebancorp, Inc)

Conflicting Interests. (a) If the Property Trustee has or ---------------------- shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Property Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Trust Agreement.

Appears in 2 contracts

Samples: Trust Agreement (Alcoa Trust I), Trust Agreement (SJG Capital Trust)

Conflicting Interests. (a) If the Property Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Property Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Trust Agreement. Section 8.09.

Appears in 2 contracts

Samples: Trust Agreement (Pacific Gas & Electric Co), Trust Agreement (Amerus Capital I)

Conflicting Interests. (a) If the Property Trustee has or shall acquire a conflicting interest within the meaning of Section 310(b) of the Trust Indenture Act, the Property Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Trust Agreement.

Appears in 1 contract

Samples: Trust Agreement (Bridge Bancorp Inc)

Conflicting Interests. (a) If the Property Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Property Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Trust AgreementDeclaration of Trust. SECTION 8.9.

Appears in 1 contract

Samples: Republic New York Capital Iv

Conflicting Interests. (a) If the Property Trustee has or shall --------------------- acquire a conflicting interest within the meaning of the Trust Indenture Act, the Property Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Trust AgreementDeclaration of Trust.

Appears in 1 contract

Samples: Commonwealth Bankshares Inc

Conflicting Interests. (a) If the Property Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Property Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Trust Agreement.. 258

Appears in 1 contract

Samples: Trust Agreement (Sce&g Trust I)

Conflicting Interests. (a) If the Property Trustee has or --------------------- shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Property Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Trust AgreementDeclaration of Trust.

Appears in 1 contract

Samples: Commonwealth Bankshares Inc

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Conflicting Interests. (a) If the Property Trustee has or shall acquire acquires a conflicting interest within the meaning of the Trust Indenture Act, the Property Trustee shall either eliminate such that interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Trust Agreement.

Appears in 1 contract

Samples: Trust Agreement (Wilmington Trust Capital A)

Conflicting Interests. (a) If the Property Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Property Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Trust AgreementDeclaration of Trust. The Property Trustee's services as Trustee under the Guarantee and as Debenture Trustee shall not be deemed to constitute a conflicting interest.

Appears in 1 contract

Samples: Boise Cascade Trust Iii

Conflicting Interests. (a) If the Property Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Property Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Trust Agreement.. 47 40

Appears in 1 contract

Samples: Trust Agreement (First Tennessee Capital Iv)

Conflicting Interests. (a) If the Property Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Property Trustee shall either eliminate such interest or resign, to the 39 34 extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Trust Agreement.

Appears in 1 contract

Samples: Trust Agreement (Mbna Corp)

Conflicting Interests. (a) If the Property Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Property Trustee shall either eliminate such interest or resign, to the extent and in the manner provided provided, however by, and subject to the provisions of, the Trust Indenture Act and this Trust Agreement.

Appears in 1 contract

Samples: Trust Agreement (Owens Corning Capital Iv)

Conflicting Interests. (a) If the Property Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Property Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Trust Agreement. Section 809. Co-Trustees and Separate Trustee.

Appears in 1 contract

Samples: Trust Agreement (Intrust Financial Corp /)

Conflicting Interests. (a) If the Property Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Property Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Trust Agreement.. Section 809. Co-Trustees and Separate Trustee. --------------------------------

Appears in 1 contract

Samples: Trust Agreement (Paradigm Capital Trust Ii)

Conflicting Interests. (a) If the Property Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Property Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Trust Agreement.such

Appears in 1 contract

Samples: Trust Agreement (Franklin Capital Trust I)

Conflicting Interests. (a) If the Property Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Property Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Trust Agreement.. Trust Agreement

Appears in 1 contract

Samples: Amended and Restated Trust Agreement (USB Capital IX)

Conflicting Interests. (a) If the Property Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Property Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Trust AgreementDeclaration of Trust. [The Property Trustee's services as Trustee under the Guarantee and as Debenture Trustee shall not be deemed to constitute a conflicting interest.]

Appears in 1 contract

Samples: Boise Cascade Corp

Conflicting Interests. (a) If the Property Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Property Trustee shall either eliminate such interest or resign, to 45 40 the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Trust Agreement.

Appears in 1 contract

Samples: Trust Agreement (Chase Capital Iii)

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