Common use of Duties of Note Trustee Clause in Contracts

Duties of Note Trustee. (a) If an Event of Default ----------------------- has occurred and is continuing, the Note 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 6 contracts

Samples: Pg&e Funding LLC, Sdg&e Funding LLC a De Limited Liability Co, Sce Funding LLC

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Duties of Note Trustee. (a) If an Event of Default ----------------------- has occurred and is continuing, the Note Trustee shall exercise the rights and powers vested in it by this Note 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 6 contracts

Samples: Note Indenture (Wmeco Funding LLC), Note Indenture (Bec Funding LLC), Note Indenture (Cl&p Funding LLC)

Duties of Note Trustee. (a) If an Event of Default ----------------------- has occurred and is continuing, the Note Trustee shall exercise the rights and powers vested in it by this Note 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 4 contracts

Samples: Note Indenture (BEC Funding II, LLC), Note Indenture (BEC Funding II, LLC), Note Indenture (CEC Funding, LLC)

Duties of Note Trustee. (a) If an Event of Default ----------------------- has occurred and is continuingsubsisting, of which a Responsible Officer of the Note Trustee has actual knowledge, the Note Trustee shall exercise the rights and powers vested in it by this Indenture deed 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: Note Trust (Crusade Management LTD), Westpac Securitisation Management Pty LTD, Me Portfolio Management LTD

Duties of Note Trustee. (a) If an Event of Default ----------------------- has occurred and is continuingsubsisting, and a Responsible Officer of the Note Trustee has received written notice of such from the Trustee and the Manager, the Note Trustee shall exercise the rights and powers vested in it by this Indenture deed 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 2 contracts

Samples: Servicing Agreement (Crusade Management LTD), Agency Agreement (Crusade Global Trust No. 2 of 2006)

Duties of Note Trustee. (a) If an Event of Default ----------------------- actually known to a Responsible Officer of the Note Trustee has occurred and is continuing, the Note Trustee shall exercise such of 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 same circumstances in the conduct of such person's his or her own affairs.

Appears in 1 contract

Samples: Indenture (LYON EAST GARRISON Co I, LLC)

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Duties of Note Trustee. (a) If an Event of Default ----------------------- has ---------------------- occurred and is continuing, the Note 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 1 contract

Samples: Sce Funding LLC

Duties of Note Trustee. (a) If an Event of ----------------------- Default ----------------------- has occurred and is continuing, the Note 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 1 contract

Samples: Sdg&e Funding LLC a De Limited Liability Co

Duties of Note Trustee. (a) If an Event of Default ----------------------- has occurred and is continuing, the Note 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 1 contract

Samples: Indenture (Sierra Pacific Power Co)

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