Certain Rights of Trustees. Subject to the provisions of TIA Sections 315(a) through 315(d):
Certain Rights of Trustees. Subject to the provisions of Section 6.1:
Certain Rights of Trustees. In the exercise of the powers and discharge of the duties prescribed or conferred by the terms of this Indenture, each Trustee shall exercise the care, diligence and skill of a reasonably prudent trustee, and shall act honestly and in good faith and in a commercially reasonable manner and with a view to and in the best interests of the Holders. No provision of this Indenture shall be construed to relieve either of the Trustees from its duties, except that to the extent permitted by Trust Indenture Legislation:
Certain Rights of Trustees. (a) No Trustee shall be responsible for any recitals herein or for insuring all or any portion of the Trust Estate nor shall any Trustee be bound to ascertain or inquire as to the performance or observance of any covenants, conditions or agreement contained herein. Except in the case of an Indenture Default or Indenture Event of Default of which a Responsible Officer of the Trustee has actual knowledge, the Trustee shall be deemed to have knowledge of an Indenture Default or Indenture Event of Default only upon receipt of written notice thereof from the Issuer or any holder of a Note; provided, however, that the Trustee shall be deemed to have actual knowledge of (i) any failure to receive payments under the Shell Contract when due, if the Trustee shall have received a copy of the billing for such payment pursuant to Section 7.3(e) above, (ii) sums required to be deposited in the Debt Service Reserve Fund and sums actually deposited, and (iii) of the principal of, any applicable Make-Whole Amount or interest on, any Note on the date any such payment is due.
Certain Rights of Trustees. 56 9.4 Showings Deemed Necessary by a Trustee................................................57 9.5 Status of Monies Received.............................................................58 9.6
Certain Rights of Trustees. Except during the continuance of an Event of Default, the Trustees undertake to perform such functions and duties and only such functions and duties as are specifically set forth in this Indenture, and no implied duties or obligations shall be read into this Indenture against the Trustees. In the exercise of the powers and discharge of the duties prescribed or conferred by the terms of this Indenture, during the continuance of an Event of Default, each Trustee shall exercise the care, diligence and skill of a reasonably prudent trustee, and shall act honestly and in good faith and in a commercially reasonable manner and with a view to and in the best interests of the Holders. No provision of this Indenture shall be construed to relieve either of the Trustees from its duties, except that to the extent permitted by Trust Indenture Legislation:
Certain Rights of Trustees. Subject to Sections 315(a) through (d) of the Trust Indenture Act:
Certain Rights of Trustees. SECTION 7.04. Not Responsible for Recitals or Issuance of Notes.......... SECTION 7.05. Trustee's Disclaimer....................................... SECTION 7.06. May Hold Notes............................................. SECTION 7.07. Money Held in Trust........................................ SECTION 7.08.
Certain Rights of Trustees. No provision of this Indenture shall be construed to relieve either of the Trustees from its duties, except that to the extent permitted by Trust Indenture Legislation:
Certain Rights of Trustees. 63 SECTION 6.04 Trustees Not Responsible for Recitals or Issuance of Securities...............64 SECTION 6.05 May Hold Securities...........................................................65 SECTION 6.06 Money Held in Trust...........................................................65 SECTION 6.07
