Common use of Duties of the Indenture Trustee Clause in Contracts

Duties of the Indenture Trustee. (a) If an Event of Default with respect to a Series of Notes has occurred (which has not been cured or waived) and a Responsible Officer of the Indenture Trustee shall have actual knowledge or written notice of such Event of Default, the Indenture Trustee shall, prior to the receipt of directions, if any, from the Holders of not less than 50% of the Outstanding principal amount of the Notes Outstanding of such Series, 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.

Duties of the Indenture Trustee. (a) If an Event of Default with respect to a Series of Notes has occurred (which has not been cured or waived) and a Responsible Officer of the Indenture Trustee shall have actual knowledge or written notice of such Event of Default, the Indenture Trustee shall, prior to the receipt of directions, if any, from the Holders of not less than 50% of the Outstanding outstanding principal amount of the Notes Outstanding of such Series, 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.

Duties of the Indenture Trustee. (a) If an Event of Default with respect to a Series (or any Amortization Event constituting an Event of Notes has occurred (Default) of which has not been cured or waived) and a Responsible Officer of the Indenture Trustee shall have has actual knowledge or has received written notice of such Event of Defaultnotice, has occurred and is continuing, the Indenture Trustee shall, prior to the receipt of directions, if any, from the Holders of not less more than 50% of the Outstanding principal amount Amount of the Notes Outstanding or as otherwise provided herein in the case of such Seriescertain directions, 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.