Common use of Trustee Dealings with the Issuer Clause in Contracts

Trustee Dealings with the Issuer. Subject to certain limitations set forth in the Indenture, the Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuer, Guarantors or their Affiliates with the same rights it would have if it were not Trustee. In addition, the Trustee shall be permitted to engage in transactions with the Issuer; provided, however, that if the Trustee acquires any conflicting interest under the Trust Indenture Act, the Trustee must (i) eliminate such conflict within 90 days of acquiring such conflicting interest or (ii) resign.

Appears in 15 contracts

Samples: Indenture (Community Health Systems Inc), Indenture (Community Health Systems Inc), Collateral Agreement (Community Health Systems Inc)

AutoNDA by SimpleDocs

Trustee Dealings with the Issuer. Subject to certain limitations set forth in the Indenture, the Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuer, Guarantors or their Affiliates with the same rights it would have if it were not Trustee. In addition, the Trustee shall be permitted to engage in transactions with the Issuer; provided, however, that if the Trustee acquires any conflicting interest under the Trust Indenture Actinterest, the Trustee must (i) eliminate such conflict within 90 days of acquiring such conflicting interest interest, or (ii) resign.

Appears in 2 contracts

Samples: Indenture (Nexstar Media Group, Inc.), Indenture (Nexstar Media Group, Inc.)

Trustee Dealings with the Issuer. Subject to certain limitations set forth in the Indenture, the Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuer, Guarantors Issuer or their its Affiliates with the same rights it would have if it were not Trustee. In addition, the Trustee shall be permitted to engage in transactions with the Issuer; provided, however, that if the Trustee acquires any conflicting interest under interest” (as defined in the Trust Indenture ActTIA), the Trustee must (i) eliminate such conflict within 90 days of acquiring such conflicting interest or (ii) resign.

Appears in 1 contract

Samples: Indenture (OLIN Corp)

AutoNDA by SimpleDocs

Trustee Dealings with the Issuer. Subject to certain limitations set forth in the Indenture, the Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuer, Guarantors or their Affiliates with the same rights it would have if it were not Trustee. In addition, the Trustee shall be permitted to engage in transactions with the IssuerIssuer and its Affiliates and Subsidiaries; provided, however, that if the Trustee acquires any conflicting interest under the Trust Indenture Actinterest, the Trustee must (i) eliminate such conflict within 90 days of acquiring such conflicting interest interest, or (ii) resign.

Appears in 1 contract

Samples: Korn Ferry (Korn Ferry)

Time is Money Join Law Insider Premium to draft better contracts faster.