Common use of Individual Rights of Indenture Trustee and Securities Administrator Clause in Contracts

Individual Rights of Indenture Trustee and Securities Administrator. The Indenture Trustee or the Securities Administrator in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuer or its Affiliates with the same rights it would have if it were not Indenture Trustee or the Securities Administrator, as applicable, subject to the requirements of the Trust Indenture Act. Any Note Registrar, co-registrar or co-paying agent may do the same with like rights. However, each of the Indenture Trustee and the Securities Administrator must comply with Sections 6.11 and 6.12 hereof.

Individual Rights of Indenture Trustee and Securities Administrator. The Indenture Trustee or the Securities Administrator in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuer Issuing Entity or its Affiliates with the same rights it would have if it were not Indenture Trustee or the Securities Administrator, as applicable, subject to the requirements of the Trust Indenture Act. Any Note Registrar, co-registrar or co-paying agent may do the same with like rights. However, each of the Indenture Trustee and the Securities Administrator must comply with Sections 6.11 and 6.12 hereof.