Certain Permitted Acts. Any Fiduciary may become the owner of any Bonds, with the same rights it would have if it were not a Fiduciary. To the extent permitted by law, any Fiduciary may act as depositary for, and permit any of its officers or directors to act as a member of, or in any other capacity with respect to, any committee formed to protect the rights of Bondholders or to effect or aid in any reorganization growing out of the enforcement of the Bonds or this Trust Agreement, whether or not any such committee shall represent the owners of a majority in Total Bond Obligation of the Bonds then Outstanding.
Certain Permitted Acts. The Trustee may become the owner of the Bond with the same rights it would have if it were not the Trustee. To the extent permitted by law, the Trustee may act as depository for, and permit any of its officers or directors to act as a member of, or in any other capacity with respect to, any committee formed to protect the rights of Owner of the Bond or to effect or aid in any reorganization growing out of the enforcement of the Bond or this Indenture, whether or not any such committee shall represent the Owner of the Bond.
Certain Permitted Acts. Any Fiduciary may become the Owner of any Assessment Bonds, with the same rights it would have if it were not a Fiduciary. To the extent permitted by law, any Fiduciary may act as depository for, and permit any of its officers or directors to act as a member of, or in any other capacity with respect to, any committee formed to protect the rights of Bondowners or to effect or aid in any reorganization growing out of the enforcement of the Assessment Bonds or this Trust Agreement, whether or not any such committee shall represent the Owners of a majority in principal amount of the Assessment Bonds then Outstanding.
Certain Permitted Acts. Any Fiduciary may become the Owner of any Sales Tax Bonds, with the same rights it would have if it were not a Fiduciary. To the extent permitted by law, any Fiduciary may act as depository for, and permit any of its officers or directors to act as a member of, or in any other capacity with respect to, any committee formed to protect the rights of Bondowners or to effect or aid in any reorganization growing out of the enforcement of the Sales Tax Bonds or this Trust Agreement, whether or not any such committee shall represent the Owners of a majority in principal amount of the Senior Sales Tax Bonds then Outstanding or the Owners of a majority in principal amount of the Subordinated Sales Tax Bonds then Outstanding.
Certain Permitted Acts. The Bondowner Representative may become the owner of any Bonds with the same rights it would have if it were not the Bondowner Representative. To the extent permitted by law, the Bondowner Representative may act as depository for, and permit any of its officers or directors to act as a member of, or in any other capacity with respect to, any committee formed to protect the rights of Owners of the Bonds or to effect or aid in any reorganization growing out of the enforcement of the Bonds or this Pledge Agreement, whether or not any such committee shall represent the Owners of a majority in principal amount of the Bonds then Outstanding.
Certain Permitted Acts. The Registrar may become the owner of 26 or may deal in Series 2020 A Bonds as fully and with the same rights it would have if it were not 27 Registrar. To the extent permitted by law, the Registrar may act as depository for, and permit 28 any of its officers or directors to act as a member of, or in any other capacity with respect to, any 29 committee formed to protect the rights of the Registered Owners or effect or aid in any 30 reorganization growing out of the enforcement of the Bonds or this Ordinance, whether or not 31 any such committee shall represent the Registered Owners of a majority in principal amount of 32 the Bonds Outstanding.
Certain Permitted Acts. The Trustee may become the Owner of any Bonds, with the same rights it would have if it were not the Trustee. To the extent permitted by law, the Trustee may act as depositary for, and permit any of its officers or directors to act as a member of, or in any other capacity with respect to, any committee formed to protect the rights of Owners or to effect or aid in any reorganization growing out of the enforcement of the Bonds or this Indenture, whether or not any such committee shall represent the Owners of a majority in principal amount of the Bonds then Outstanding. The Trustee may execute any of the trusts or powers hereof and perform any of its duties by or through attorneys, agents or receivers and shall not be answerable for the conduct of the same if appointed with due care hereunder, and shall be entitled to advice of counsel concerning all matters of trusts hereof and duties hereunder, and may in all cases pay such reasonable compensation to any attorney, agent, receiver, or employee retained or employed by it in connection herewith. The Trustee may act upon the opinion or advice of an attorney or accountant selected by it in the exercise of reasonable care or, if selected or retained by SANDAG, approved by the Trustee in the exercise of such care. The Trustee shall not be responsible for any loss or damage resulting from any action or nonaction based on its good faith reliance upon such opinion or advice.
