Duties of the Trustee. If an Event of Default has occurred and is continuing, the Trustee will 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 person would exercise or use under the circumstances in the conduct of such person’s own affairs.
Appears in 2 contracts
Samples: Indenture (Progress Software Corp /Ma), Indenture (Mitek Systems Inc)
Duties of the Trustee. (A) If an Event of Default has occurred and is continuing, the Trustee will 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 person would exercise or use under the circumstances in the conduct of such person’s own affairs.
(B) Except during the continuance of an Event of Default:
Appears in 2 contracts
Samples: Indenture (Amryt Pharma PLC), Indenture (Amryt Pharma PLC)
Duties of the Trustee. (a) If an Event of Default known to a Trust Officer of the Trustee has occurred and is continuing, the Trustee will shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s his or her own affairs.
Appears in 2 contracts
Samples: Indenture (Delta Air Lines Inc /De/), Indenture (Delta Air Lines Inc /De/)
Duties of the Trustee. If an Event of Default has occurred and is continuing, the Trustee will Trustee, once it has actual knowledge or has received written notification of such Event of Default, shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, 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: Indenture (WPC Eurobond B.V.), Indenture (W. P. Carey Inc.)
Duties of the Trustee. (a) If an Event of Default known to the Trustee has occurred and is continuing, the Trustee will shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.use
Appears in 1 contract
Samples: Indenture (Vlsi Technology Inc)
Duties of the Trustee. If an Event of Default known to a Trust Officer of the Trustee has occurred and is continuing, the Trustee will shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s his or her own affairs.
Appears in 1 contract
Samples: Indenture (Doubleclick Inc)
Duties of the Trustee. (a) If an Event of Default has occurred and is continuing, the Trustee will 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 person would exercise or use under the circumstances in the conduct of such person’s own affairs.
Appears in 1 contract
Samples: Indenture (UWM Holdings Corp)
Duties of the Trustee. (a) If an Event of Default has occurred and is continuing, the Trustee will shall exercise such of the rights and powers vested in it by this Indenture, Indenture and use the same degree of care and skill in its exercise, as a prudent person would their exercise or use under the circumstances in the conduct of such person’s own affairs.as
Appears in 1 contract