Common use of Conflicting Interest of Trustee Clause in Contracts

Conflicting Interest of Trustee. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this Section 8.08, it shall, within ninety days after ascertaining that it has such conflicting interest, either eliminate such conflicting interest or resign in the manner and with the effect specified in Section 8.10.

Appears in 2 contracts

Samples: Indenture (SCS Transportation Inc), Indenture (Silicon Graphics Inc /Ca/)

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Conflicting Interest of Trustee. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this Section 8.08Section, it the Trustee shall, within ninety days after ascertaining that it has such conflicting interest, either eliminate such conflicting interest or resign in the manner and with the effect specified in Section 8.109.10 hereof.

Appears in 1 contract

Samples: Indenture (Brooke Corp)

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Conflicting Interest of Trustee. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this Section 8.08Section, it shall, within ninety days after ascertaining that it has such conflicting interest, either eliminate such conflicting interest or resign in the manner and with the effect specified in Section 8.107.10.

Appears in 1 contract

Samples: Aon Corp

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