Duties of COLT Indenture Trustee. (a) If an Event of Default has occurred and is continuing, the COLT Indenture Trustee shall exercise the rights and powers vested in it by this COLT 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 4 contracts
Samples: Capital Auto Receivables Asset Trust 2005-Sn1, Capital Auto Receivables Asset Trust 2007-Sn1, Central Originating Lease Trust
