Common use of Duties, Immunities and Liabilities of Trustee Clause in Contracts

Duties, Immunities and Liabilities of Trustee. (a) The Trustee shall, prior to an Event of Default, and after the curing or waiver of all Events of Default which may have occurred, perform such duties and only such duties as are expressly and specifically set forth in this Indenture and no implied duties or covenants shall be read into this Indenture against the Trustee. The Trustee shall, during the existence of any Event of Default (which has not been cured or waived), exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs.

Appears in 2 contracts

Samples: Master Indenture, Indenture

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Duties, Immunities and Liabilities of Trustee. (a) The Trustee shall, prior to the occurrence of an Event of Default, and after the curing or waiver of all Events of Default which may have occurred, perform such duties and only such duties as are expressly and specifically set forth in this Indenture Indenture. The Trustee shall only be obligated to perform such duties as are expressly set forth herein, and no implied duties or covenants obligations not expressly set forth herein shall be read into this Indenture against the Trusteeimplied. The Trustee shall, during the existence of any Event of Default (which has not been cured or waivedcured), exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs.

Appears in 2 contracts

Samples: docs.sandiego.gov, dockets.sandiego.gov

Duties, Immunities and Liabilities of Trustee. (a) The Trustee shall, prior to the occurrence of an Event of Default, and after the curing or waiver of all Events of Default which may have occurred, perform such duties and only such duties as are expressly and specifically set forth in this Indenture and no implied covenants, duties or covenants obligations shall be read into this Indenture against the Trustee. The Trustee shall, during the existence of any Event of Default (which has not been cured or waived), exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its their exercise, as a prudent man person would exercise or use under the circumstances in the conduct of his such person’s own affairs.

Appears in 2 contracts

Samples: Bond Purchase Agreement, www.palmspringsca.gov

Duties, Immunities and Liabilities of Trustee. (a) The Trustee and the Registrar shall, prior to an Event of Default, and after the curing or waiver of all Events of Default which may have occurred, perform such duties and only such duties as are expressly and specifically set forth in this Indenture and no implied duties or covenants shall be read into this Indenture against the TrusteeIndenture. The Trustee shall, during the existence of any Event of Default (which has not been cured or waived), exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its their exercise, as a prudent man persons would exercise or use under the circumstances in the conduct of his their own affairs.. No provision of this Indenture shall be construed to relieve the Trustee or the Registrar from liability for its own negligent action or its own negligent failure to act, except that:

Appears in 1 contract

Samples: Continuing Covenant Agreement

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Duties, Immunities and Liabilities of Trustee. (a) The Trustee shall, prior to an Event of Default, and after the curing or waiver of all Events of Default which may have occurred, perform such duties and only such duties as are expressly and specifically set forth in this Indenture and no implied duties covenants or covenants obligations shall be read into this Indenture against the TrusteeTrustee hereunder. The Trustee shall, during the existence of any Event of Default (which has not been cured or waived), exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its their exercise, as a prudent man person would exercise or use under the circumstances in the conduct of his or her own affairs.

Appears in 1 contract

Samples: Indenture

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