Conflicting Interest of Trustee. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this Section, it shall, within 90 days after ascertaining that it has such conflicting interest, and if an Event of Default as defined in subsection (c) of this Section to which such conflicting interest relates has not been cured or duly waived or otherwise eliminated before the end of such 90-day period, either eliminate such conflicting interest or resign in the manner and with the effect specified in Section 7.10.
Appears in 5 contracts
Samples: Indenture (Bank of America Corp /De/), Indenture (Bank of America Corp /De/), Indenture (Bank of America Corp /De/)
Conflicting Interest of Trustee. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this SectionSection 8.08, it shall, within 90 days after ascertaining that it has such conflicting interest, and if an Event of Default as defined in subsection (c) of this Section to which such conflicting interest relates has not been cured or duly waived or otherwise eliminated before the end of such 90-day period, either eliminate such conflicting interest or resign in the manner and with the effect specified in Section 7.108.10.
Appears in 3 contracts
Samples: Indenture (Lyondell Chemical Co), Indenture (Atlantic Richfield Co /De), Indenture (Atlantic Richfield Co /De)
Conflicting Interest of Trustee. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this SectionSection 6.08 with respect to the Securities of any series, it shall, within 90 days after ascertaining that it has such conflicting interest, and if an Event of Default as defined in subsection (c) of this Section to which such conflicting interest relates has not been cured or duly waived or otherwise eliminated before the end of such 90-day period, either eliminate such conflicting interest or resign with respect to the Securities of that series in the manner and with the effect specified in Section 7.106.10.
Appears in 3 contracts
Samples: Indenture (Masco Corp /De/), Masco Corp /De/, Masco Corp /De/
Conflicting Interest of Trustee. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this SectionSection 6.08, it shall, within 90 days after ascertaining that it has such conflicting interest, and if an Event of Default as defined in subsection (c) of this Section to which such conflicting interest relates has not been cured or duly waived or otherwise eliminated before the end of such 90-day period, either eliminate such conflicting interest or resign in the manner and with the effect specified in Section 7.106.10.
Appears in 2 contracts
Samples: Indenture (Phillips Petroleum Co), Indenture (Phillips Petroleum Co)
Conflicting Interest of Trustee. (a) If the Trustee has or shall acquire any conflicting interestinterest with respect to the Securities of any series, as defined in this SectionSection 8.08, it shall, within 90 days after ascertaining that it has such conflicting interest, and if an Event of Default as defined in subsection (c) of this Section to which such conflicting interest relates has not been cured or duly waived or otherwise eliminated before the end of such 90-day period, either eliminate such conflicting interest or resign with respect to the Securities of that series in the manner and with the effect specified in Section 7.108.10.
Appears in 2 contracts
Samples: Supplemental Indenture (Baltimore Gas & Electric Co), Constellation Energy Corp
Conflicting Interest of Trustee. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this SectionSection 8.08 with respect to the Securities of any series, it shall, within 90 days after ascertaining that it has such conflicting interest, and if an Event of Default as defined in subsection (c) of this Section to which such conflicting interest relates has not been cured or duly waived or otherwise eliminated before the end of such 90-day period, either eliminate such conflicting interest or resign with respect to the Securities of that series in the manner and with the effect specified in Section 7.108.10.
Appears in 1 contract
Samples: Masco Corp /De/
Conflicting Interest of Trustee. (a) If the Trustee has or -------------------------------- shall acquire any conflicting interest, as defined in this SectionSection 7.08, it shall, within 90 ninety days after ascertaining that it has such conflicting interest, and if an Event of Default as defined in subsection (c) of this Section to which such conflicting interest relates has not been cured or duly waived or otherwise eliminated before the end of such 90-day period, either eliminate such conflicting interest or resign in the manner and with the effect specified in Section 7.10.
Appears in 1 contract
Samples: Zenith Electronics Corp
Conflicting Interest of Trustee. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this SectionSection 7.08, it shall, within 90 ninety days after ascertaining that it has such conflicting interest, and if an Event of Default as defined in subsection (c) of this Section to which such conflicting interest relates has not been cured or duly waived or otherwise eliminated before the end of such 90-day period, either eliminate such conflicting interest or resign in the manner and with the effect specified in Section 7.10.
Appears in 1 contract
