Common use of Rights and Powers of the Trustee Clause in Contracts

Rights and Powers of the Trustee. The rights and powers granted by the Securities Intermediary to the Trustee have been granted in order to perfect its lien and security interests in the Debt Service Reserve Account, are powers coupled with an interest and will be affected by neither the bankruptcy of the Issuer or any of the Guarantors nor the lapse of time.

Appears in 2 contracts

Samples: Indenture (Somerset Power LLC), Indenture (NRG Energy Inc)

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Rights and Powers of the Trustee. The rights and powers granted -------------------------------- to the Trustee by the Securities Intermediary to the Trustee have been granted in order to perfect its lien Lien and security interests interest in the Debt Service Reserve AccountIndenture Funds and the security entitle ments and financial assets carried therein or credited thereto, are powers coupled with an interest and will neither be affected by neither the bankruptcy of the Issuer or any of the Guarantors nor the lapse of time.

Appears in 1 contract

Samples: Trust Indenture (Dominion Resources Inc /Va/)

Rights and Powers of the Trustee. The rights and powers granted by the Securities Intermediary to the Trustee have been granted in order to perfect its lien and security interests in the Senior Notes Debt Service Reserve Account, are powers coupled with an interest and will be affected by neither the bankruptcy of the Issuer or any of the Guarantors Company nor the lapse of time.

Appears in 1 contract

Samples: Indenture (Covanta Holding Corp)

Rights and Powers of the Trustee. The rights and powers granted to the Trustee by the Securities Intermediary to the Trustee have been granted in order to perfect its lien Lien and security interests interest in the Debt Service Reserve AccountIndenture Funds and the security entitlements and financial assets carried therein or credited thereto, are powers coupled with an interest and will neither be affected by neither the bankruptcy of the Issuer Partnership or any of the Guarantors Funding Corporation nor the lapse of time.

Appears in 1 contract

Samples: Trust Indenture (LSP Batesville Funding Corp)

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Rights and Powers of the Trustee. The rights and powers granted by the Securities Intermediary to the Trustee have been granted in order to perfect its lien and security interests in the Debt Service Reserve Account, are powers coupled with an interest and will be affected by neither the bankruptcy of the Issuer or any of the Guarantors nor the lapse of time.

Appears in 1 contract

Samples: Supplemental Indenture (Northeast Generation Co)

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