Common use of Disclaimer of Trustee Clause in Contracts

Disclaimer of Trustee. The Trustee does not make any representation as to the validity, effectiveness or adequacy of this Indenture or the Securities, and it shall not be accountable for the Issuer's use of the proceeds from the Securities, the Trustee shall not be responsible for the use or application of any money received by any Paying Agent other than the Trustee, and it shall not be responsible for any statement of the Issuer in this Indenture, the Securities other than the Trustee's certificate of authentication or any document issued in connection with the sale of the Securities.

Appears in 3 contracts

Samples: Indenture (Globe Holdings Inc), Globe Manufacturing Corp, Kilovac International Inc

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Disclaimer of Trustee. The Trustee does shall not be responsible for and make any no representation as to the validity, effectiveness validity or adequacy of this Indenture or the SecuritiesNotes covered thereby, and it they shall not be accountable for the Issuer's ’s use of the proceeds from the Securities, the Trustee shall not be responsible for the use or application of any money received by any Paying Agent other than the TrusteeNotes, and it they shall not be responsible for any statement of the Issuer in this Indenture, the Securities other than the Trustee's certificate of authentication Indenture or any document issued in connection with the sale of Notes or any statement in the SecuritiesNotes other than the Trustee’s certificate of authentication. The Trustee makes no representations with respect to the effectiveness or adequacy of this Indenture.

Appears in 2 contracts

Samples: Article Twelve (Navios Maritime Holdings Inc.), Article Twelve (Navios Maritime Holdings Inc.)

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