Common use of Conflicting Interest of Trustee Clause in Contracts

Conflicting Interest of Trustee. If the Trustee has or shall acquire any conflicting interest within the meaning of the Trust Indenture Act of 1939, the Trustee shall either eliminate such conflicting interest or resign in the manner provided by, and subject to the provisions of, the Trust Indenture Act of 1939 and this Indenture.

Appears in 7 contracts

Sources: Indenture (Hennessy Advisors Inc), Indenture (Perma-Pipe International Holdings, Inc.), Indenture (Perma-Pipe International Holdings, Inc.)

Conflicting Interest of Trustee. If the Trustee has or shall acquire any conflicting interest interest” within the meaning of Section 310(b) of the Trust Indenture Act of 1939Act, the Trustee shall either eliminate such conflicting interest or resign resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act of 1939 and this Indenture.

Appears in 4 contracts

Sources: Indenture (State National Companies, Inc.), Indenture (First Mercury Financial Corp), Indenture (Pma Capital Corp)

Conflicting Interest of Trustee. If the Trustee has or shall acquire any "conflicting interest interest" within the meaning of Section 310(b) of the Trust Indenture Act of 1939Act, the Trustee shall either eliminate such conflicting interest or resign resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act of 1939 and this Indenture.

Appears in 4 contracts

Sources: Indenture (James River Group, INC), Indenture (James River Group, INC), Indenture (Proassurance Corp)

Conflicting Interest of Trustee. If the Trustee has or shall acquire any a conflicting interest within the meaning of the Trust Indenture Act of 1939, the Trustee shall either eliminate such conflicting interest or resign resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act of 1939 and this Indenture.

Appears in 2 contracts

Sources: Indenture (J P Morgan Chase & Co), Indenture (J P Morgan Chase & Co)

Conflicting Interest of Trustee. If the Trustee has or shall acquire any conflicting interest within the meaning of the Trust Indenture Act of 1939, the Trustee shall it shall, within ninety days after ascertaining that it has such conflicting interest, either eliminate such conflicting interest or resign resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act of 1939 and this Indenture.

Appears in 2 contracts

Sources: Indenture (Trinova Corp), Indenture (Aeroquip-Vickers Inc)

Conflicting Interest of Trustee. If the Trustee has or shall acquire any a conflicting interest within the meaning of the Trust Indenture Act of 1939Act, the Trustee shall either eliminate such conflicting interest or resign resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act of 1939 and this Indenture.

Appears in 1 contract

Sources: Indenture (Ventas Inc)

Conflicting Interest of Trustee. If the Trustee has or shall acquire any a conflicting interest within the meaning of the Trust Indenture Act of 1939Act, the Trustee shall either eliminate such conflicting interest or resign resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act of 1939 and this Indenture.

Appears in 1 contract

Sources: Indenture (AFC Gamma, Inc.)

Conflicting Interest of Trustee. If the Trustee has or shall acquire any conflicting interest within the meaning of the Trust Indenture Act of 1939Act, the Trustee shall either eliminate such conflicting interest or resign in the manner provided by, and subject to the provisions of, the Trust Indenture Act of 1939 and this Indenture.

Appears in 1 contract

Sources: Indenture (Gulf Island Services, L.L.C.)

Conflicting Interest of Trustee. If the Trustee has or shall acquire any conflicting interest within the meaning of the Trust Indenture Act Act, whether or not any series of 1939Securities is exempt from the provisions of the Trust Indenture Act, the Trustee shall either eliminate such conflicting interest or resign in the manner provided by, and subject to the provisions of, the Trust Indenture Act of 1939 and this Indenture.

Appears in 1 contract

Sources: Indenture (Cincinnati Financial Corp)