Trustee Dealings with Issuers. The Trustee, in its individual or any other capacity, may become the owner or pledgee of Notes and may otherwise deal with the Issuers or any Affiliate of the Issuers with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee or resign. Any Agent may do the same with like rights and duties.
Appears in 7 contracts
Sources: Indenture (Wynn Resorts LTD), Indenture (Wynn Resorts LTD), Indenture (Wynn Resorts LTD)
Trustee Dealings with Issuers. The Trustee, in its individual or any other capacity, may become the owner or pledgee of Notes and may otherwise deal with the Issuers or any Affiliate of the Issuers with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 of the Indenture.
Appears in 4 contracts
Sources: Indenture (Wynn Las Vegas LLC), Indenture (Wynn Resorts LTD), Indenture (Wynn Resorts LTD)
Trustee Dealings with Issuers. The Trustee, in its individual or any other capacity, may become the owner or pledgee of Notes and may otherwise deal with the Issuers or any Affiliate of the Issuers their affiliates, with the same rights it would have as if it were not Trustee. However; however, in the event that the Trustee if it acquires any conflicting interest (as defined in the Trust Indenture Act), it must eliminate such conflict within 90 daysconflict, apply to the SEC Commission for permission to continue as trustee or resign. Any Agent may do the same with like rights and duties.
Appears in 3 contracts
Sources: Indenture (Shea Homes Limited Partnership), Indenture (Shea Homes Limited Partnership), Indenture (Vistancia Marketing, LLC)
Trustee Dealings with Issuers. The Trustee, Trustee in its individual or any other capacity, capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers or any Affiliate of the Issuers with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 of the Indenture.
Appears in 1 contract
Sources: Indenture (Wynn Resorts LTD)
Trustee Dealings with Issuers. The TrusteeTrustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of the Notes and may otherwise deal with the Issuers or any Affiliate of the Issuers with the same rights it if would have had if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest (as defined in the Trust Indenture Act of 1939, as amended, as in effect on the Issue Date) it must eliminate such conflict within 90 days, apply to the SEC for permission to continue as trustee days or resign. Any Agent may do the same with like rights and duties.
Appears in 1 contract
Sources: Indenture (Cedar Fair L P)