Duties and Liabilities of Trustee. (a) If an Event of Default has occurred and is continuing, the Trustee shall exercise the rights and powers vested in it by this Indenture and use the same degree of care and skill in their exercise as a prudent Person would exercise or use under the circumstances in the conduct of such Person's own affairs.
Appears in 17 contracts
Samples: Sale Agreement, Servicing Agreement (Atlantic City Electric Transition Funding LLC), Sale Agreement (CenterPoint Energy Transition Bond CO II, LLC), Transition Property Servicing Agreement (CenterPoint Energy Transition Bond CO II, LLC)
Duties and Liabilities of Trustee. (a) If an Event of Default has occurred and is continuing, the Trustee shall exercise the rights and powers vested in it by this Indenture and use the same degree of care and skill in their exercise as a prudent Person would exercise or use under the circumstances in the conduct of such Person's ’s own affairs.
Appears in 3 contracts
Samples: Indenture (JCP&L Transition Funding II LLC), JCP&L Transition Funding II LLC, CenterPoint Energy Restoration Bond Company, LLC
