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    <title>Obligations of debenture trustee</title>
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    <description>Debenture trustees are vested with requisite powers to protect holders of municipal debt securities, including a right to appoint a nominee director where applicable. They must act with due care, diligence and loyalty under these regulations, the Debenture Trustees Regulations, the trust deed and the offer document. Trustees must monitor the separate escrow account for earmarked revenue, ensure ongoing disclosure of material events, and supervise implementation of regulatory obligations.</description>
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