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:
Appears in 2 contracts
Samples: Indenture (Fairfax Financial Holdings LTD/ Can), Fairfax Financial Holdings LTD/ Can
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 trusteeperson, 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 HoldersHolders of the Securities. No provision of this Indenture shall be construed to relieve either of the Trustees from its their duties, except except, that to the extent permitted by Trust Indenture Legislation:
Appears in 2 contracts
Samples: Brookfield Asset Management Inc., Brookfield Finance Inc.