Common use of Duties and Liabilities of Trustee Clause in Contracts

Duties and Liabilities of Trustee. The Trustee shall, prior to an Event of Default, and after the curing or waiver of all Events of Default which may have occurred, perform such duties and only such duties as are expressly and specifically set forth in this Indenture. The Trustee shall, during the existence of any Event of Default which has not been cured or waived, exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 2 contracts

Sources: Indenture, Indenture

Duties and Liabilities of Trustee. The Trustee shall, prior to an Event of Default, and after the curing or waiver of all Events of Default which that may have occurred, perform such duties and only such duties as are expressly and specifically set forth in this Indenture. The Trustee shall, during the existence of any Event of Default which that has not been cured or waived, exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 1 contract

Sources: Indenture

Duties and Liabilities of Trustee. The Trustee shall, prior to an Event event of Defaultdefault, and after the curing or waiver of all Events events of Default default which may have occurred, perform such duties and only such duties as are expressly and specifically set forth in this IndentureTrust Agreement. The Trustee shall, during the existence of any Event event of Default default which has not been cured or waived, exercise such of the rights and powers vested in it by this IndentureTrust Agreement, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

Appears in 1 contract

Sources: Trust Agreement