Trustee May Own Notes. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes. The Trustee in its individual or any other capacity may deal with the Issuer and the Servicer in banking transactions, with the same rights as it would have if it were not the Trustee.
Trustee May Own Notes. The Trustee, the paying agent, the Note Registrar or any Note Co-Registrar or other agent of the Company or of the Trustee may become the owner or pledgee of Notes and, subject to Sections 10.9 and 10.10, if operative, may otherwise deal with the Company with the same rights it would have if it were not a Trustee, paying agent, Note Registrar, Note Co-Registrar or other agent of the Company or of the Trustee.
Trustee May Own Notes. Except to the extent prohibited under the terms of the Notes, the Trustee, in its individual or any other capacity, may become the beneficial owner or pledgee of Notes, to the extent that such ownership does not inhibit the Trust from relying on Rule 3a-7 promulgated under the Investment Company Act, with the same rights as it would have if it were not the Trustee; provided, that any Notes so owned or pledged shall not be entitled to participate in any decisions made or instructions given to the Trustee or the Indenture Trustee by the Holders as a group. The Trustee may deal with the Trust and the Trust Beneficial Owner in banking and trustee transactions with the same rights as it would have if it were not the Trustee.
Trustee May Own Notes. 46 11.5 Trustee May Rely on Certificates, Etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46 11.6 Money Held in Trust Not Required to be Segregated. . . . . . . . . . . . . . . . . . . . . . . . . . . . 47 11.7 Compensation, Reimbursement, Indemnity, Security. . . . . . . . . . . . . . . . . . . . . . . . . . . . 47 11.8
Trustee May Own Notes. 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 Trustee provided that such transaction shall not result in the disqualification of the Trustee for purposes of Rule 3a-7 under the Investment Company Act of 1940.
Trustee May Own Notes. The Trustee hereunder, or any successor Trustee, in its individual or other capacity, may become the owner or pledgee of Notes and may otherwise deal with the Issuer, with the same rights it would have if it were not the Trustee. The Trustee may act as depository for, and permit any of its officers or directors to act as a member of, or act in any other capacity in respect to, any committee formed to protect the rights of the Registered Owners of Notes or to effect or aid in any reorganization growing out of the enforcement of the Notes or of this Indenture, whether or not any such committee shall represent the Registered Owners of more than 60% of the collective aggregate principal amount of the Outstanding Notes.
Trustee May Own Notes. 45 11.5 Trustee May Rely on Certificates, Etc . . . . . . . . . . . . . . . . . 46 11.6 Money Held in Trust Not Required to be Segregated . . . . . . . . . . . 47 11.7 Compensation, Reimbursement, Indemnity, Security . . . . . . . . . . . 47 11.8
Trustee May Own Notes. Trustee in its Individual ------------------------------------------------------- Capacity. First Security Bank, National Association, in its individual or any -------- other capacity, may become the owner or pledgee of Notes with the same rights as it would have if it were not the Trustee. First Security Bank, National Association and its Affiliates may generally engage in any kind of business with Issuer, the Servicer or FCI as though First Security Bank, National Association were not acting in such capacity hereunder and without any duty to account therefor. Nothing contained in this Agreement shall limit in any way the ability of First Security Bank, National Association and its Affiliates to act as a trustee or in a similar capacity for other interval ownership and lot contract and installment note financings pursuant to agreements similar to this Agreement.
Trustee May Own Notes. Except as prohibited by law, the Trustee may become the owner of any of the Notes secured by this Indenture with the same rights which it would have if it were not the Trustee; and nothing herein contained shall be construed to prohibit the Trustee, either as principal or agent, from engaging in or being interested in any financial or other transaction with the Issuer or from acting as depository, trustee, or agent for any committee or body of owners of the Notes or of other obligations of the Issuer as freely as if it were not the Trustee.
