Common use of Disqualification; Conflicting Interest Clause in Contracts

Disqualification; Conflicting Interest. (a) If the Trustee has or shall acquire any conflicting interest within the meaning of the Trust Indenture Act with respect to the Securities of any series, it shall, within 90 days after ascertaining that it has such conflicting interest, either eliminate such conflicting interest or resign with respect to the Securities of that series in the manner and with the effect hereinafter specified in this Article.

Disqualification; Conflicting Interest. (a) If the Trustee has or shall acquire any conflicting interest within the meaning of the Trust Indenture Act interest, as defined in this Section, with respect to the Securities of any series, it shall, within 90 days after ascertaining that it has such conflicting interest, either eliminate such conflicting interest or resign with respect to the Securities of that series in the manner and with the effect hereinafter specified in this Article.