Conflicting Interests of Trustee. After qualification under the Trust Indenture Act, if the Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture.
Appears in 16 contracts
Samples: Indenture (Lifepoint Hospitals, Inc.), Indenture (Encore Capital Group Inc), Indenture (Blackrock Inc /Ny)
Conflicting Interests of Trustee. After qualification under In the event that the Trust Indenture ActAct is applicable hereto, and if the Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture ActAct Section 310(b) and there exists an Event of Default hereunder (exclusive of any period of grace or requirement of notice), the Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture.
Appears in 9 contracts
Samples: Indenture (Penn Treaty American Corp), Indenture (Penn Treaty American Corp), Indenture (Penn Treaty American Corp)
Conflicting Interests of Trustee. After qualification under the Trust Indenture Act, if If the Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Trustee Indenture Act and this Indenture.
Appears in 1 contract
Samples: Indenture (Corestaff Inc)
