Common use of Trustee and Agents May Hold Notes; Collections, etc Clause in Contracts

Trustee and Agents May Hold Notes; Collections, etc. The Trustee or any agent of the Company or the Trustee, in its individual or any other capacity, may become the owner or pledgee of Notes with the same rights it would have if it were not the Trustee or such agent and may otherwise deal with the Company and receive, collect, hold and retain collections from the Company with the same rights it would have if it were not the Trustee or such agent. However, subject to Section 5.13 hereof, the Trustee will comply with Section 310(b) and Section 311 of the Trust Indenture Act of 1939.

Appears in 2 contracts

Samples: Indenture (Williams Communications Group Inc), Indenture (Williams Communications Group Inc)

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Trustee and Agents May Hold Notes; Collections, etc. The --------------------------------------------------- Trustee or any agent of the Company or the Trustee, in its individual or any other capacity, may become the owner or pledgee of Notes with the same rights it would have if it were not the Trustee or such agent and, subject to Sections 7.08 and 7.13, if operative, may otherwise deal with the Company and receive, collect, hold and retain collections from the Company with the same rights it would have if it were not the Trustee or such agent. However, subject to Section 5.13 hereof, the Trustee will comply with Section 310(b) and Section 311 of the Trust Indenture Act of 1939.

Appears in 1 contract

Samples: Indenture (Resmed Inc)

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Trustee and Agents May Hold Notes; Collections, etc. The Trustee or any agent of the Company or the Trustee, in its individual or any other capacity, may become the owner or pledgee of Notes with the same rights it would have if it were not the Trustee or such agent and may otherwise deal with 103 109 the Company and receive, collect, hold and retain collections from the Company with the same rights it would have if it were not the Trustee or such agent. However, subject to Section 5.13 hereof, the Trustee will comply with Section 310(b) and Section 311 of the Trust Indenture Act of 1939.

Appears in 1 contract

Samples: Indenture (Williams Communications Group Inc)

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