Common use of Individual Rights of the Trustee Clause in Contracts

Individual Rights of the Trustee. The Trustee shall not, in its individual capacity, but may in a fiduciary capacity, become the owner of Notes. The Trustee may otherwise deal with the Issuer or its Affiliates with the same rights it would have if it were not the Trustee. Any Paying Agent, Note Registrar, co-registrar or co-paying agent may do the same with like rights. However, the Trustee must comply with Sections 6.11 and 6.12.

Appears in 3 contracts

Samples: Indenture (Reliance Acceptance Group Inc), Indenture (Paragon Auto Receivables Corp), Indenture (Paragon Auto Receivables Corp)

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Individual Rights of the Trustee. The Trustee shall not, in its individual capacity, but or any other capacity may in a fiduciary capacity, become the owner or pledgee of Notes. The Trustee Notes and may otherwise deal with the Issuer or its Affiliates an Affiliate of the Issuer with the same rights it would have if it were not the Trustee. Any Paying Agent, Note Transfer Agent and Registrar, co-registrar or co-paying agent may do the same with like rights. However, the Trustee must comply with Sections 6.11 Section 11.9 and 6.12Section 11.11.

Appears in 1 contract

Samples: Master Trust Indenture (Brooke Credit CORP)

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