Common use of Trustee and Agents May Hold Notes; Collections, etc Clause in Contracts

Trustee and Agents May Hold Notes; Collections, etc. The Trustee or any agent of the Issuer or the Trustee, in its individual or any other capacity, may become the owner or pledgee of Notes with the same rights it would have if it were not the Trustee or such agent and may otherwise deal with the Issuer and receive, collect, hold and retain collections from the Issuer with the same rights it would have if it were not the Trustee or such agent, subject to the provisions of the Trust Indenture Act of 1939 relating to conflicts of interest and preferential claims.

Appears in 2 contracts

Samples: Indenture (Boardwalk Pipelines Lp), Indenture (Boardwalk Pipeline Partners, LP)

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Trustee and Agents May Hold Notes; Collections, etc. The Trustee or any agent of the Issuer or the Trustee, in its individual or any other capacity, may become the owner or pledgee of Notes with the same rights it would have if it were not the Trustee or such agent and subject to Sections 5.09 and 5.12, may otherwise deal with the Issuer and receive, collect, hold and retain collections from the Issuer with the same rights it would have if it were not the Trustee or such agent, subject to the provisions of the Trust Indenture Act of 1939 relating to conflicts of interest and preferential claims.

Appears in 1 contract

Samples: Indenture (Vitro Sa De Cv)

Trustee and Agents May Hold Notes; Collections, etc. The Trustee or any agent of the Issuer Issuers or the Trustee, in its individual or any other capacity, may become the owner or pledgee of Notes with the same rights it would have if it were not the Trustee or such agent and, subject to Sections 7.08 and 7.13, if operative, may otherwise deal with the Issuer Issuers and receive, collect, hold and retain collections from the Issuer Issuers with the same rights it would have if it were not the Trustee or such agent, subject to the provisions of the Trust Indenture Act of 1939 relating to conflicts of interest and preferential claims.

Appears in 1 contract

Samples: Freeport McMoran Copper & Gold Inc

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Trustee and Agents May Hold Notes; Collections, etc. The Trustee Trustee, any Paying Agent, Registrar or any other agent of the Issuer or the TrusteeIssuer, in its individual or any other capacity, may become the owner or pledgee of Notes Notes, with the same rights it would have if it were not the Trustee Trustee, Paying Agent, Registrar or such other agent and, subject to Section 6.08 hereof and Sections 310 and 311 of the Trust Indenture Act, may otherwise deal with the Issuer and receive, collect, hold and retain collections from the Issuer with the same rights it would have if it were not the Trustee Trustee, Paying Agent, Registrar or such other agent, subject to the provisions of the Trust Indenture Act of 1939 relating to conflicts of interest and preferential claims.

Appears in 1 contract

Samples: Caprock Communications Corp

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