Common use of Trustee Must Eliminate Conflict or Resign Clause in Contracts

Trustee Must Eliminate Conflict or Resign. If the Trustee has acquired or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture.

Appears in 6 contracts

Samples: Indenture for Subordinated Debt Securities (Telephone & Data Systems Inc /De/), Indenture for Subordinated Debt Securities (United States Cellular Corp), Indenture for Subordinated Debt Securities (United States Cellular Corp)

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Trustee Must Eliminate Conflict or Resign. If the ---------------------------------------------- Trustee has acquired or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture.

Appears in 1 contract

Samples: Indenture (Telephone & Data Systems Inc /De/)

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Trustee Must Eliminate Conflict or Resign. If the Trustee has acquired or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Trustee 37 shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture.

Appears in 1 contract

Samples: Indenture (Telephone & Data Systems Inc /De/)

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