Acceptance of Trusts; Certain Duties and Responsibilities Sample Clauses

Acceptance of Trusts; Certain Duties and Responsibilities. The Master Trustee, by execution hereof, accepts and agrees to execute the trusts imposed upon it, and to serve as Trustee, Paying Agent and Bond Registrar for the Bonds, in accordance with the provisions of the Master Trust Agreement and this Supplemental Trust Agreement.
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Acceptance of Trusts; Certain Duties and Responsibilities. The Trustee accepts and agrees to execute the trusts imposed upon it by this Indenture, but only upon the following terms and conditions:
Acceptance of Trusts; Certain Duties and Responsibilities. The Trustee accepts the trusts imposed upon it by this Indenture and agrees to execute and perform said trusts as a corporate trustee ordinarily would perform said trusts under a corporate indenture, but only upon the following express terms and conditions and no implied covenants or obligations shall be read into this Indenture against the Trustee:
Acceptance of Trusts; Certain Duties and Responsibilities. (a) Except during the continuance of an Event of Default, the Trustee shall perform only such duties as are specifically set forth in this Indenture, and no implied covenants or obligations shall be read into this Indenture against the Trustee.
Acceptance of Trusts; Certain Duties and Responsibilities. The Bond Trustee accepts and agrees to execute the trusts imposed upon it by this Bond Indenture, but only upon the following terms and conditions:

Related to Acceptance of Trusts; Certain Duties and Responsibilities

  • Certain Duties and Responsibilities of Trustee (a) The Trustee, prior to the occurrence of an Event of Default with respect to the Securities of a series and after the curing of all Events of Default with respect to the Securities of that series that may have occurred, shall undertake to perform with respect to the Securities of such series such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee. In case an Event of Default with respect to the Securities of a series has occurred (that has not been cured or waived), the Trustee shall exercise with respect to Securities of that series such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs.

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