Concerning the Indenture Trustee Clause Samples
The "Concerning the Indenture Trustee" clause defines the rights, responsibilities, and limitations of the trustee appointed under an indenture agreement. It typically outlines the trustee's duties in administering the trust, managing assets, and acting on behalf of bondholders or other beneficiaries, while also specifying circumstances under which the trustee is protected from liability or may rely on advice from experts. This clause ensures that the trustee's role is clearly delineated, balancing their obligations with protections, and helps prevent disputes by clarifying expectations and boundaries of trustee conduct.
Concerning the Indenture Trustee. Notwithstanding anything contained herein to the contrary, this Agreement has been executed and delivered by Citibank, N.A., not in its individual capacity but solely as Indenture Trustee. The Indenture Trustee has the same rights, protections and immunities hereunder as it has under the Indenture as if such rights, protections and immunities were expressly set forth herein mutatis mutandis.
Concerning the Indenture Trustee. Section 9.01.
Concerning the Indenture Trustee. Section 901.
Concerning the Indenture Trustee. In furtherance and not in derogation of the rights, privileges and immunities of the Indenture Trustee specified in the Indenture:
(a) the Indenture Trustee is authorized to take all such action as is provided to be taken by it as Indenture Trustee under this Article and all other action reasonably incidental thereto. As to any matters not expressly provided for in this Article (including, without limitation, the timing and methods of realization upon any Collateral) the Indenture Trustee shall act or refrain from acting in accordance with written instructions from the Holder or Holders of the required percentage of aggregate principal amount of Notes for any instructions or, in the absence of such instructions, in accordance with its discretion; and
(b) the Indenture Trustee shall not be responsible for the existence, genuineness or value of any of the Collateral or for the validity, perfection, priority or enforceability of the Security Interest in any of the Collateral, whether impaired by operation of law or by reason of any action or omission to act on its part under the Indenture.
Concerning the Indenture Trustee. The Indenture Trustee shall be afforded the same rights, protections, immunities and indemnities set forth in the Indenture as if the same were specifically set forth herein.
Concerning the Indenture Trustee. 52 SECTION 11.01. Duties of the Indenture Trustee; Certain Rights of the Indenture Trustee..............................................................................52 SECTION 11.02. Performance of Indenture Trustee's Duties............................................54 SECTION 11.03. Resignation and Removal; Appointment of Successor Indenture Trustee..................54 SECTION 11.04. Acceptance of Appointment by Successor Indenture Trustee.............................55 SECTION 11.05. Merger or Consolidation of Indenture Trustee.........................................55 SECTION 11.06. Certain Procedural Matters...........................................................55 SECTION 11.07. Indenture Trustee Fees and Indemnification...........................................55 SECTION 11.08. Information..........................................................................56 SECTION 11.09. Eligibility Requirements for Indenture Trustee.......................................56 SECTION 11.10. Indenture Trustee Not Liable for Senior Notes........................................57 SECTION 11.11. Indenture Trustee May Own Senior Notes...............................................57 SECTION 11.12. Maintenance of Office or Agency......................................................57 SECTION 11.13. Appointment of Co-Indenture Trustee..................................................57 SECTION 11.14. Resignation; Appointment of Successor Securities Intermediary........................57 SECTION 11.15. Acceptance of Appointment by Successor Securities Intermediary.......................58 SECTION 11.16. Merger or Consolidation of Securities Intermediary...................................58
Concerning the Indenture Trustee. Duties of the Indenture Trustee. The Indenture Trustee, prior to the occurrence of an Event of Default or after the cure or waiver of any Event of Default that may have occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture and the related Supplement and no implied duties shall be inferred against it. If an Event of Default with respect to any Series has occurred and is continuing, the Indenture Trustee, at the written direction of the Requisite Global Majority, shall exercise such of the rights and powers vested in it by this Indenture and the related Supplement, and use the same degree of care and skill in its exercise as a prudent Person would exercise or use under the circumstances in the conduct of such Person's own affairs. The Indenture Trustee, upon receipt of all resolutions, certificates, statements, opinions, reports, documents, orders or other instruments furnished to the Indenture Trustee which are specifically required to be furnished pursuant to any provisions of this Indenture and any applicable Supplement, shall determine whether they are substantially in the form required by this Indenture and any applicable Supplement; provided, however, that the Indenture Trustee shall not be responsible for the accuracy or content (including mathematical calculations) of any such resolution, certificate, statement, opinion, report, document, order or other instrument furnished pursuant to this Indenture and any applicable Supplement. No provision of this Indenture or any Supplement shall be construed to relieve the Indenture Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct; provided, however, that:
Concerning the Indenture Trustee. Section 7.01
Concerning the Indenture Trustee. In acting under this Agreement, the Indenture Trustee shall be afforded the rights, privileges, immunities and indemnities set forth in the Indenture as if fully set forth herein.
Concerning the Indenture Trustee. In respect of the Indenture Trustee’s performance of appointing the Administrative Agent to provide the Bank Account Management Services set forth in Section 2.04 and in the Indenture, the Indenture Trustee shall be afforded all of the rights, protections, immunities and indemnities contained in the Security Trust Agreement as if such rights, protections, immunities and indemnities were specifically set forth herein.