Qualification of Trustee; Conflicting Interests. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this Section, it shall, within 90 days after ascertaining that it has such conflicting interest, either eliminate such conflicting interest or resign in the manner and with the effect specified in this Indenture.
Appears in 16 contracts
Samples: Trust Indenture (Financial Security Assurance Holdings LTD/Ny/), Indenture (Progressive Corp/Oh/), Satisfaction And (Enhance Financial Services Group Inc)
Qualification of Trustee; Conflicting Interests. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this Section, it shall, within 90 days after ascertaining that it has such conflicting interest, either eliminate such conflicting interest or resign in the manner and with the effect specified in this IndentureArticle.
Appears in 3 contracts
Samples: Indenture (American Portable Telecom Inc), Indenture (Aerial Communications Inc), Premark International Inc
Qualification of Trustee; Conflicting Interests. (a) If the Trustee has or shall acquire any conflicting interest, interest (as defined in this Sectionsubsection (c)), it shall, then within 90 days after ascertaining that it has such conflicting interest, either eliminate and if the default (as defined in subsection (c)) to which such conflicting interest or resign in the manner and with the effect specified in this Indenture.relates has not been cured
Appears in 2 contracts
Samples: Belco Oil & Gas Corp, Belco Oil & Gas Corp
Qualification of Trustee; Conflicting Interests. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this Section, with respect to Securities of any series, it shall, within 90 days after ascertaining that it has such conflicting interest, either eliminate such conflicting interest or resign with respect to the Securities of that series in the manner and with the effect specified in this Indenture.
Appears in 1 contract
Samples: Nyc Newco Inc
Qualification of Trustee; Conflicting Interests. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this Section, with respect to the Securities of any series, it shall, within 90 days after ascertaining that it has such conflicting interest, either eliminate such conflicting interest or resign with respect to the Securities of such series in the manner and with the effect specified in this IndentureSection 7.09.
Appears in 1 contract
Qualification of Trustee; Conflicting Interests. (a) If ----------------------------------------------- the Trustee has or shall acquire any conflicting interest, as defined in this Section, it shall, within 90 days after ascertaining that it has such conflicting interest, either eliminate such conflicting interest or resign in the manner and with the effect specified in this Indenture.
Appears in 1 contract
Samples: Indenture (Weyerhaeuser Co)
Qualification of Trustee; Conflicting Interests. (a) If the Trustee has or shall acquire any conflicting interest, as defined in this Section, it shall, within 90 days after ascertaining that it has such conflicting interest, and if the default (as defined in Section 5.1) to which such conflicting interest relates has not been cured or duly waived or otherwise eliminated before the end of such 90-day period, either eliminate such conflicting interest or resign in the manner and with the effect specified in this Indenture.
Appears in 1 contract
Samples: Indenture (Freeport McMoran Resource Partners Limited Partnership)
