Duty of Trustee. In the exercise of the rights, duties and obligations prescribed or conferred by the terms of this Indenture, the Trustee shall exercise that degree of care, diligence and skill that a reasonably prudent trustee would exercise in comparable circumstances.
Appears in 3 contracts
Samples: Special Warrant Indenture (Ivanhoe Mines LTD), Special Warrant Indenture (Ivanhoe Mines LTD), Special Warrant Indenture (Ivanhoe Mines LTD)
Duty of Trustee. In the exercise of the rights, rights and duties and obligations prescribed or conferred by the terms of this Indenture, the Trustee shall act honestly and in good faith with a view to the best interests of the Debt Security holders and shall exercise that degree of care, diligence and skill that a reasonably prudent trustee would exercise in comparable circumstances.
Appears in 3 contracts
Samples: Trust Indenture, Trust Indenture (Cnooc LTD), Trust Indenture (Nexen Inc)
Duty of Trustee. In the exercise of the rights, duties and obligations prescribed or conferred by the terms of this Indenture, the Trustee shall act honestly and in good faith with a view to the best interests of the Debenture holders and shall exercise that degree of the care, diligence and skill that of a reasonably prudent trustee would exercise in comparable circumstancestrustee.
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