Common use of Trustee May Hold Issuer Senior Indebtedness Clause in Contracts

Trustee May Hold Issuer Senior Indebtedness. The Trustee shall be entitled to all the rights set forth in this Article with respect to any Issuer Senior Indebtedness at the time held by it, to the same extent as any other holder of Issuer Senior Indebtedness, and nothing in Section 11.6 or elsewhere in this Indenture shall deprive the Trustee of any of its rights as such holder.

Appears in 4 contracts

Samples: Trust Indenture (TransCanada Trust), Trust Indenture (TransCanada Trust), Transcanada Trust (Transcanada Pipelines LTD)

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Trustee May Hold Issuer Senior Indebtedness. The Trustee shall be entitled to all the rights set forth in this Article Section 2.15 with respect to any Issuer Senior Indebtedness at the time held by it, to the same extent as any other holder of Issuer Senior Indebtedness, and nothing in Section 11.6 the Original Indenture or elsewhere in this Indenture shall deprive the Trustee of any of its rights as such holder.

Appears in 1 contract

Samples: First Supplemental Indenture (Brookfield Asset Management Inc.)

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