Common use of Duty of Trustee Clause in Contracts

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 (Ivanhoe Mines LTD), Ivanhoe Mines LTD, Ivanhoe Mines LTD

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Duty of Trustee. In the exercise of the powers, rights, duties and obligations prescribed or conferred by the terms of this Indenture, the Trustee shall must exercise that degree of care, diligence and skill that a reasonably prudent trustee would exercise in comparable circumstances.

Appears in 2 contracts

Samples: Trust Indenture (American Honda Finance Corp), Trust Indenture (American Honda Finance Corp)

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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 agent would exercise in comparable circumstances.

Appears in 1 contract

Samples: Global Gold Corp

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