Authentication and Delivery of the Notes. (a) At any time and from time to time after the execution and delivery of this Supplemental Indenture, the Company may deliver Notes executed by the Company to the Trustee for authentication, and the Trustee shall thereupon authenticate and deliver such Notes to or upon the written order of the Company, signed by one or more Officers of the Company, without further action by the Company. In authenticating such Notes and accepting the additional responsibilities under the Indenture in relation to such Notes, the Trustee shall be entitled to receive and (subject to Section 7.1 of the Base Indenture) shall be fully protected in relying upon: (i) an Officers’ Certificate prepared in accordance with Section 11.5 of the Base Indenture; and (ii) an Opinion of Counsel prepared in accordance with Section 11.5 of the Base Indenture, which shall state that the Base Indenture, this Supplemental Indenture and the Notes have been duly authorized and, when authenticated and delivered by the Trustee and issued by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid and binding obligations of the Company, enforceable in accordance with their terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and other laws of general applicability relating to or affecting creditors’ rights and to general equitable principles, regardless of whether such enforceability is considered in a proceeding in equity or at law. (b) The Trustee shall have the right to decline to authenticate and deliver any Notes under this Section if the Trustee, being advised by counsel, determined that such action may not lawfully be taken by the Company or if the issue of such Notes pursuant to the Indenture will affect the Trustee’s own rights, duties or immunities under the Indenture in a manner not reasonably acceptable to the Trustee. (c) Notwithstanding anything in the Indenture to the contrary, authentication and execution of any Notes by counterpart shall satisfy the requirements of the Indenture with respect to the authentication and execution of such Notes.
Appears in 6 contracts
Samples: Seventh Supplemental Indenture (Cummins Inc), Sixth Supplemental Indenture (Cummins Inc), Eighth Supplemental Indenture (Cummins Inc)
Authentication and Delivery of the Notes. (a) At any time and from time to time after the execution and delivery of this Supplemental Indenture, the Company may deliver Notes executed by the Company to the Trustee for authentication, and the Trustee shall thereupon authenticate and deliver such Notes to or upon the written order of the Company, signed by one or more Officers of the Company, without further action by the Company. In authenticating such Notes and accepting the additional responsibilities under the Indenture in relation to such Notes, the Trustee shall be entitled to receive and (subject to Section 7.1 of the Base Indenture) shall be fully protected in relying upon:
(i) an Officers’ Certificate prepared in accordance with Section 11.5 of the Base Indenture; Indenture; and
(ii) an Opinion of Counsel prepared in accordance with Section 11.5 of the Base Indenture, which shall state that the Base Indenture, this Supplemental Indenture and the Notes have been duly authorized and, when authenticated and delivered by the Trustee and issued by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid and binding obligations of the Company, enforceable in accordance with their terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and other laws of general applicability relating to or affecting creditors’ rights and to general equitable principles, regardless of whether such enforceability is considered in a proceeding in equity or at law.
(b) The Trustee shall have the right to decline to authenticate and deliver any Notes under this Section if the Trustee, being advised by counsel, determined that such action may not lawfully be taken by the Company or if the issue of such Notes pursuant to the Indenture will affect the Trustee’s own rights, duties or immunities under the Indenture in a manner not reasonably acceptable to the Trustee.
(c) Notwithstanding anything in the Indenture to the contrary, authentication and execution of any Notes by counterpart shall satisfy the requirements of the Indenture with respect to the authentication and execution of such Notes.
Appears in 2 contracts
Samples: Second Supplemental Indenture (Cummins Inc), First Supplemental Indenture (Cummins Inc)
Authentication and Delivery of the Notes. (a) At any time and from time to time after the execution and delivery of this Supplemental Indenture, the Company may deliver Notes executed by the Company to the Trustee for authentication, and the Trustee shall thereupon authenticate and deliver such Notes to or upon the written order of the Company, signed by one both (i) the chairman of its Board of Directors, or more Officers any vice chairman of the Companyits Board of Directors, or its president or any vice president and (ii) its treasurer, any assistant treasurer, its secretary or any assistant secretary, without further action by the Company. In authenticating such Notes and accepting the additional responsibilities under the Indenture in relation to such Notes, the Trustee shall be entitled to receive and (subject to Section 7.1 6.1 of the Base Indenture) shall be fully protected in relying upon:
(i) an Officers’ Certificate prepared in accordance with Section 11.5 11.7 of the Base Indenture; Indenture; and
(ii) an Opinion of Counsel prepared in accordance with Section 11.5 11.7 of the Base Indenture, which shall state that the Base Indenture, this Supplemental Indenture Indenture, the Notes and the Notes Guarantees have been duly authorized and, when authenticated and delivered by the Trustee and issued by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid and binding obligations of the CompanyCompany and the Guarantors, as applicable, enforceable in accordance with their terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and other laws of general applicability relating to or affecting creditors’ rights and to general equitable equity principles, regardless of whether such enforceability is considered in a proceeding in equity or at law.
(b) The Trustee shall have the right to decline to authenticate and deliver any Notes under this Section if the Trustee, being advised by counsel, determined that such action may not lawfully be taken by the Company or if the issue of such Notes pursuant to the Indenture will affect the Trustee’s own rights, duties or immunities under the Indenture in a manner not reasonably acceptable to the Trustee.
(c) Notwithstanding the foregoing, if any Notes have been authenticated and delivered hereunder but never issued and sold by the Company, and the Company shall deliver such Notes to the Trustee for cancellation as provided in Section 2.10 of the Base Indenture, together with a written statement (which need not comply with Section 11.7 of the Base Indenture and need not be accompanied by an Opinion of Counsel) stating that such Notes have never been issued and sold by the Company, for all purposes of the Indenture such Notes shall be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the benefits of the Indenture.
(d) Notwithstanding anything in the Indenture to the contrary, authentication and execution of any Notes by counterpart shall satisfy the requirements of the Indenture with respect to the authentication and execution of such Notes.
Appears in 1 contract