Common use of Certain Rights of Trustees Clause in Contracts

Certain Rights of Trustees. In the exercise of 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 person, 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 of the Securities. No provision of this Indenture shall be construed to relieve the Trustees from their duties, except, that to the extent permitted by Trust Indenture Legislation:

Appears in 2 contracts

Samples: Brookfield Asset Management Inc., Brookfield Finance Inc.

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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 persontrustee, 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 of the SecuritiesHolders. No provision of this Indenture shall be construed to relieve either of the Trustees from their its duties, except, except that to the extent permitted by Trust Indenture Legislation:

Appears in 2 contracts

Samples: Indenture (Fairfax Financial Holdings LTD/ Can), Fairfax Financial Holdings LTD/ Can

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