Common use of Disqualification; Conflicting Interests Clause in Contracts

Disqualification; Conflicting Interests. If the Trustee has or shall acquire any conflicting interest within the meaning of the Trust Indenture Act, it shall either eliminate such interest or resign as Trustee with respect to one or more series of Securities, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture. To the extent permitted by the Trust Indenture Act, the Trustee shall not be deemed to have a conflicting interest by virtue of being a trustee under this Indenture with respect to Securities of more than one series.

Appears in 17 contracts

Samples: Indenture (Nymox Pharmaceutical Corp), Indenture (Barrett Business Services Inc), Indenture (Nymox Pharmaceutical Corp)

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Disqualification; Conflicting Interests. If the Trustee for any series of Securities has or shall acquire any a conflicting interest within the meaning of the Trust Indenture Act, it such Trustee shall either eliminate such interest or resign as Trustee with respect to one or more series of Securitiesresign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture. To the extent permitted by In determining whether such Trustee has a conflicting interest as defined in Section 310(b) of the Trust Indenture Act, the Trustee shall not be deemed to have a conflicting interest by virtue of being a trustee under this Indenture Act with respect to the Securities of more any series, there shall be excluded Securities of any particular series of Securities other than one that series.

Appears in 12 contracts

Samples: Indenture (Trane Technologies Financing LTD), Indenture (Trane Technologies Irish Holdings Unlimited Co), Indenture (Ingersoll Rand Co)

Disqualification; Conflicting Interests. If the Trustee has or shall acquire any conflicting interest within the meaning of the Trust Indenture Act, it shall either eliminate such interest or resign as Trustee with respect to one or more series of Securities, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture. To the extent permitted by the such Trust Indenture Act, the Trustee shall not be deemed to have a conflicting interest by virtue of being a trustee under this Indenture with respect to Securities of more than one series.

Appears in 7 contracts

Samples: Subordinated Indenture (Pinnacle Financial Partners Inc), Indenture (QCR Holdings Inc), Senior Indenture (Commerce Union Bancshares, Inc.)

Disqualification; Conflicting Interests. If the Trustee has or shall acquire any a conflicting interest within the meaning of Section 310 of the Trust Indenture Act, it the Trustee shall either eliminate such conflicting interest or resign as Trustee with respect to one or more series of Securitiesresign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture. To the extent permitted by the Trust Indenture Act, the Trustee shall not be deemed to have a conflicting interest with respect to the Securities of any series by virtue of being a trustee under this Indenture Trustee with respect to the Securities of more any particular series of Securities other than one that series.

Appears in 5 contracts

Samples: Indenture (First Chicago NBD Corp), Indenture (First Chicago NBD Corp), Indenture (Collins & Aikman Corp)

Disqualification; Conflicting Interests. If the Trustee has or shall acquire any a conflicting interest within the meaning of the Trust Indenture Act, it the Trustee shall either eliminate such interest or resign as Trustee with respect to one or more series of Securitiesresign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture. To the extent permitted by the Trust Indenture Act, the Trustee shall not be deemed to have a conflicting interest by virtue of being a trustee under this Indenture with respect to Securities of more than one seriesseries if all such series rank equally at the time of issuance.

Appears in 3 contracts

Samples: Indenture (PVH Corp. /De/), Indenture (PVH Corp. /De/), Indenture (Exterran Energy Solutions, L.P.)

Disqualification; Conflicting Interests. If the Trustee has or shall acquire any a conflicting interest within the meaning of the Trust Indenture Act, it the Trustee shall either eliminate such interest or resign as Trustee with respect to one or more series of Securitiesresign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture. To the extent permitted by the Trust Indenture Act, the Trustee shall not be deemed to have a conflicting interest with respect to the Securities of any series by virtue of being a trustee under this Indenture Trustee with respect to the Securities of more any particular series of Securities other than one that series.

Appears in 2 contracts

Samples: Indenture (Staples Inc), Indenture (Staples Inc)

Disqualification; Conflicting Interests. If the Trustee has or shall acquire any a conflicting interest within the meaning of Section 310(b) of the Trust Indenture Act, it the Trustee shall either eliminate such interest or resign as Trustee with respect to one or more series of Securitiesresign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture. To the extent permitted by the Trust Indenture Act, the Trustee shall not be deemed to have a conflicting interest by virtue of being a trustee Trustee under this Indenture with respect to Securities of more than one series.

Appears in 2 contracts

Samples: Senior Indenture (EAM Corp), Senior Indenture (Domtar Paper Company, LLC)

Disqualification; Conflicting Interests. If the Trustee has shall have or shall acquire any conflicting interest within the meaning of the Trust Indenture Act, it shall either eliminate such conflicting interest or resign as Trustee with respect to one or more series of Securities, to the extent and extent, in the manner provided byand with the effect, and subject to the provisions ofconditions, provided in the Trust Indenture Act and this Indenture. To the extent permitted by the Trust Indenture Act, the Trustee shall not be deemed to have a conflicting interest by virtue of being a trustee under this Indenture with respect to Securities of more than one series.

Appears in 1 contract

Samples: Indenture (United Natural Foods Inc)

Disqualification; Conflicting Interests. If the Trustee has or shall acquire any a conflicting interest within the meaning of Section 310 of the Trust Indenture Act, it the Trustee shall either eliminate such conflicting interest or resign as Trustee with respect to one or more series of Securitiesresign, to the extent and in 87 76 the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture. To the extent permitted by the Trust Indenture Act, the Trustee shall not be deemed to have a conflicting interest with respect to the Securities of any series by virtue of being a trustee under this Indenture Trustee with respect to the Securities of more any particular series of Securities other than one that series.

Appears in 1 contract

Samples: Indenture (Banc One Corp /Oh/)

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Disqualification; Conflicting Interests. If the Trustee has or shall acquire any conflicting interest within the meaning of the Trust Indenture Act, it the Trustee shall either eliminate such interest or resign as Trustee with respect to one or more series of Securitiesresign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture. To the extent permitted by the Trust Indenture such Act, the Trustee shall not be deemed to have a conflicting interest with respect to Debt Securities of any series by virtue of being a trustee under this Indenture with respect to Debt Securities of more than one seriesany particular series of Debt Securities.

Appears in 1 contract

Samples: Indenture (Bremer Financial Corporation)

Disqualification; Conflicting Interests. If the Trustee has shall have or shall acquire any conflicting interest within the meaning of the Trust Indenture Act, it shall either eliminate such conflicting interest or resign as Trustee with respect to one or more series of Securities, to the extent and extent, in the manner provided byand with the effect, and subject to the provisions ofconditions, provided in the Trust Indenture Act and this Indenture. To For purposes of Section 310(b)(1) of the Trust Indenture Act and to the extent permitted by the Trust Indenture Actthereby, the Trustee shall not be deemed to have a conflicting interest by virtue of being a trustee Trustee under this Indenture with respect to Debt Securities of more than one series.

Appears in 1 contract

Samples: Indenture (For Debt Securities) (Carolina Power & Light Co)

Disqualification; Conflicting Interests. If the Trustee has or shall acquire any conflicting interest within the meaning of the Trust Indenture Act, it the Trustee shall either eliminate such interest or resign as Trustee with respect to one or more series of Securitiesresign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture. To the extent permitted by the Trust Indenture such Act, the Trustee shall not be deemed to have a conflicting interest with respect to Debt Securities of any series by virtue of being a trustee under (a) this Indenture with respect to any particular series of Debt Securities of more than one seriesor (b) ____________________.

Appears in 1 contract

Samples: Indenture (DMC Stratex Networks Inc)

Disqualification; Conflicting Interests. If the Trustee has or shall acquire any a conflicting interest within the meaning of the Trust Indenture Act, it the Trustee shall either eliminate such interest or resign as Trustee with respect to one or more series of Securitiesresign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture. To the extent permitted by the Trust Indenture ActAct and this Indenture, the Trustee shall not be deemed to have a conflicting interest by virtue of being a trustee under this Indenture with respect to Securities of more than one series.

Appears in 1 contract

Samples: Indenture (Allegheny Energy Supply Co LLC)

Disqualification; Conflicting Interests. If the Trustee has or shall acquire any a conflicting interest within the meaning of the Trust Indenture Act, it the Trustee shall either eliminate such interest or resign as Trustee with respect to one or more series of Securitiesresign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture, and the Company shall take prompt action to have a successor Trustee appointed in the manner provided herein. To the extent permitted by For purposes of Section 301(b)(1) of the Trust Indenture Act, the no Trustee shall not hereunder will be deemed to have a conflicting interest solely by virtue reason of being a trustee under this Indenture with Trustee in respect to Securities of more than one seriesseries of Securities.

Appears in 1 contract

Samples: Indenture (Micron Electronics Inc)

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