Common use of Upon Event of Default Occurring and Continuing, Trustee Clause in Contracts

Upon Event of Default Occurring and Continuing, Trustee. Shall Exercise Powers Vested In It, and Use Same Degree of Care and Skill In Their Exercise, as Prudent Individual Would Use................................................. 34 Section 7.02. Certain Rights of the Trustee........................................ 35

Appears in 2 contracts

Samples: Junior Subordinated Indenture (Litchfield Capital Trust Ii), Junior Subordinated Indenture (Litchfield Capital Trust Ii)

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Upon Event of Default Occurring and Continuing, Trustee. Shall Exercise Powers Vested In It, and Use Same Degree of Care and Skill In Their Exercise, as Prudent Individual Would Use................................................. 34 Section 7.02. Certain Rights of the Trustee........................................ 35.............................................................25

Appears in 1 contract

Samples: Junior Subordinated Indenture (Owens & Minor Trust I)

Upon Event of Default Occurring and Continuing, Trustee. Shall Exercise Powers Vested In It, and Use Same Degree of Care and Skill In Their Exercise, as Prudent Individual Would Use................................................. ..................................... 34 Section 7.02. Certain Rights of the Trustee........................................ ............................ 35

Appears in 1 contract

Samples: Junior Subordinated Indenture (Hi Trust Ii)

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Upon Event of Default Occurring and Continuing, Trustee. Shall Exercise Powers Vested In It, and Use Same Degree of Care and Skill In Their Exercise, as Prudent Individual Would Use................................................. ......................................................... 34 Section 7.02. Certain Rights of the Trustee........................................ 35.............................

Appears in 1 contract

Samples: Junior Subordinated Indenture (Houston Industries Inc)

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