Common use of Duties of Debenture Trustee Clause in Contracts

Duties of Debenture Trustee. In the exercise of the rights, duties and obligations prescribed or conferred by the terms of this Indenture, the Debenture Trustee shall act honestly and in good faith and exercise that degree of care, diligence and skill that a reasonably prudent trustee would exercise in comparable circumstances.

Appears in 16 contracts

Samples: Trust Indenture (Constellation Software Inc), Trust Indenture (Constellation Software Inc), Convertible Debenture Indenture (Transglobe Energy Corp)

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Duties of Debenture Trustee. In the exercise of the rights, duties and obligations prescribed or conferred by the terms of this Indenture, the Debenture Trustee shall will act honestly and in good faith and exercise that degree of care, diligence and skill that a reasonably prudent trustee would exercise in comparable circumstances. The Debenture Trustee shall not be liable for the failure of third parties to provide documents or other information in a timely manner.

Appears in 1 contract

Samples: Trust Indenture

Duties of Debenture Trustee. In the exercise of the rights, duties and obligations prescribed or conferred by the terms of this Trust Indenture, the Debenture Trustee shall act honestly and in good faith with a view to the best interests of the holders and shall exercise that degree of care, diligence and skill that a reasonably prudent corporate trustee would exercise in comparable circumstances.

Appears in 1 contract

Samples: Trust Indenture (Wi-Lan Inc.)

Duties of Debenture Trustee. In the exercise of the rights, duties and obligations prescribed or conferred by the terms of this Indenture, the Debenture Trustee shall act honestly and in good faith and in a commercially reasonable manner and exercise that power with the degree of care, diligence and skill that of a reasonably prudent trustee would exercise in comparable circumstancesand with a view to the best interests of the Debentureholders.

Appears in 1 contract

Samples: Trust Indenture (Primero Mining Corp)

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Duties of Debenture Trustee. In the exercise of the rights, duties and obligations prescribed or conferred by the terms of this Indenture, the Debenture Trustee shall must act honestly and in good faith and exercise that degree of care, diligence and skill that a reasonably prudent trustee would exercise in comparable circumstances.

Appears in 1 contract

Samples: Trust Indenture (Boralex Inc.)

Duties of Debenture Trustee. β€Œ In the exercise of the rights, duties and obligations prescribed or conferred by the terms of this Indenture, the Debenture Trustee shall act honestly and in good faith and exercise that degree of care, diligence and skill that a reasonably prudent trustee would exercise in comparable circumstances.

Appears in 1 contract

Samples: Trust Indenture

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