Trustee May Deal in Bonds. The Trustee may in good faith buy, sell, own, hold and deal in any of the Bonds and may join in any action which any Bondholders may be entitled to take with like effect as if the Trustee were not a party to this Indenture. The Trustee may so engage in or be interested in any financial or other transaction with the Authority or the Company; provided that if the Trustee determines that any such relation is in conflict with its duties under this Indenture, it shall eliminate the conflict or resign as Trustee.
Appears in 1 contract
Samples: Trust Indenture (Middlesex Water Co)
Trustee May Deal in Bonds. The Trustee may in good faith buy, sell, own, hold and deal in any of the Bonds and may join in any action which any Bondholders may be entitled to take with like effect as if the Trustee were not a party to this Indenture. The Trustee may so also engage in or be interested in any financial or other transaction with the Authority Issuer or the Company; provided that Company with the same rights it would have if the Trustee determines that any such relation is in conflict with its duties under this Indenture, it shall eliminate the conflict or resign as were not Trustee.
Appears in 1 contract
Samples: Txu Energy Co LLC
Trustee May Deal in Bonds. The Trustee may in good faith buy, sell, own, hold and deal in any of the Bonds and may join in any action which any Bondholders may be entitled to take with like effect as if the Trustee were not a party to this Indenture. The Trustee may so also engage in or be interested in any financial or other transaction with the Authority or the Company; provided that if the Trustee determines that any such relation is in conflict with its duties under this Indenture, it shall eliminate the conflict or resign as Trustee.
Appears in 1 contract
Samples: Spurlock Industries Inc
Trustee May Deal in Bonds. The Trustee may in good faith buy, sell, own, hold and deal in any of the Bonds and may join in any action which any Bondholders may be entitled to take with like effect as if the Trustee were not a party to this Indenture. The Trustee may so also engage in or be interested in any financial or other transaction with the Authority Issuer or the Company; provided that if the Trustee determines that any such relation is in conflict with its duties under this Indenture, it shall eliminate the conflict or resign as Trustee.
Appears in 1 contract
Trustee May Deal in Bonds. The Trustee may in good faith buy, sell, own, hold and deal in any of the Bonds and may join in any action which any Bondholders Owners of the Bonds may be entitled to take with like effect as if the Trustee were not a party to this Indenture. The Trustee may so also engage in or be interested in any financial or other transaction with the Authority or the Company; Authority, provided that if the Trustee determines that any such relation is in conflict with its duties under this Indenture, it shall eliminate the conflict or resign as Trustee.
Appears in 1 contract
Trustee May Deal in Bonds. The Trustee may in good faith buy, sell, own, hold and deal in any of the Bonds and may join in any action which any Bondholders may be entitled to take with like effect as if the Trustee were not a party to this Master Indenture and any Supplemental Indenture. The Trustee may so also engage in or be interested in any financial or other transaction with the Authority or the CompanyIssuer; provided provided, however, that if the Trustee determines that any such relation is in conflict with its duties under this Master Indenture and any Supplemental Indenture, it shall eliminate the conflict or resign as Trustee.
Appears in 1 contract
Samples: Master Trust Indenture
Trustee May Deal in Bonds. The Trustee may in good faith buy, sell, own, hold and deal in any of the Bonds and may join in any action which any Bondholders Owners may be entitled to take with like effect as if the Trustee were not a party to this Indenturethe Master Indenture(S) or any Supplemental Indenture(S). The Trustee may so also engage in or be interested in any financial or other transaction with the Authority or the Company; provided that if the Trustee determines that any such relation is in conflict with its duties under this Indenture, it shall eliminate the conflict or resign as TrusteeIssuer.
Appears in 1 contract
Samples: Master Trustee Agreement (Ameri Metro, Inc. (Formerly Yellowwood))