Common use of Individual Rights of the Trustee Clause in Contracts

Individual Rights of the Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Company or any Affiliate of the Company with the same rights it would have if it were not the Trustee. However, in the event that the Trustee acquires any conflicting interest, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as the Trustee or resign as the Trustee. Any Agent and the Second Lien Collateral Agent may do the same with like rights and duties. The Trustee is also subject to Section 7.10.

Individual Rights of the Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Company or any Affiliate of the Company with the same rights it would have if it were not the Trustee. However, in the event that the Trustee acquires any conflicting interest, interest it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as the Trustee trustee or resign as the Trusteeresign. Any Agent and the Second Lien Collateral Agent may do the same with like rights and duties. The Trustee is also subject to Section 7.10Sections 7.10 and 7.11 hereof.

Individual Rights of the Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Company Issuers or any Affiliate of the Company Issuers with the same rights it would have if it were not the Trustee. However, in the event that the Trustee acquires any conflicting interest, it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as the Trustee days or resign as the Trusteeresign. Any Agent and the Second Lien Collateral Agent may do the same with like rights and duties. The Trustee is also subject to Section 7.107.9.

Individual Rights of the Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Company or any Affiliate of the Company with the same rights it would have if it were not the Trustee. However, in the event that the Trustee acquires any conflicting interestinterest (as defined in the TIA), it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as Trustee (if this Indenture has been qualified under the Trustee TIA) or resign as the Trusteeresign. Any Agent and the Second Lien Collateral Agent may do the same with like rights and duties. The Trustee is also subject to Section 7.107.10 and Section 7.11.