Common use of Limitation on Rights of Debenture Trustee as a Creditor Clause in Contracts

Limitation on Rights of Debenture Trustee as a Creditor. The Debenture Trustee shall comply with Section 311(a) of the Trust Indenture Act, excluding any creditor relationship described in Section 311(b) of the Trust Indenture Act. A Debenture Trustee who has resigned or been removed shall be subject to Section 311(a) of the Trust Indenture Act to the extent included therein.

Appears in 19 contracts

Samples: Indenture (Bfoh Capital Trust I), Indenture (Haven Bancorp Inc), Indenture (Hamilton Capital Trust I)

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