Common use of Duties of Trustee and Collateral Trustee Clause in Contracts

Duties of Trustee and Collateral 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.

Duties of Trustee and Collateral 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, exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Duties of Trustee and Collateral Trustee. (a) . If an Event of Default has occurred and is continuingcontinuing of which the Trustee has received written notice, the Trustee will shall exercise such of the rights and powers vested in it by this IndentureIndenture and the Security Documents, 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.