Common use of Knowledge of Trustees Clause in Contracts

Knowledge of Trustees. Notwithstanding the provisions of this Article 5 or any provision in this Indenture or in the Debentures contained, the Trustees will not be charged with knowledge of any Senior Indebtedness or of any default in the payment thereof, or of the existence of any Event of Default or any other fact that would prohibit the making of any payment of monies to or by the Trustees, or the taking of any other action by the Trustees, unless and until the a responsible officer of a Trustee has received written notice thereof from the Corporation, any Debentureholder or any Senior Creditor.

Appears in 2 contracts

Samples: Convertible Debenture Indenture (Energy Fuels Inc), Convertible Debenture Indenture (Energy Fuels Inc)

AutoNDA by SimpleDocs

Knowledge of Trustees. Notwithstanding the provisions of this Article 5 XIII or any provision contained in this Supplemental Indenture or in the Debentures containedDebentures, the Trustees will not be charged with knowledge of any Senior Indebtedness or of any default in the payment thereof, or of the existence of any Event of Default or any other fact that would prohibit the making of any payment of monies to or by the Trusteesany Trustee, or the taking of any other action by the Trustees, unless and until the a responsible officer of a applicable Trustee has received written notice thereof from the CorporationCompany, any Debentureholder or any Senior Creditor.

Appears in 1 contract

Samples: First Supplemental Indenture (Dirtt Environmental Solutions LTD)

AutoNDA by SimpleDocs

Knowledge of Trustees. Notwithstanding the provisions of this Article 5 XIII or any provision contained in this Supplemental Indenture or in the Debentures contained6.25% Debentures, the Trustees will not be charged with knowledge of any Senior Indebtedness or of any default in the payment thereof, or of the existence of any Event of Default or any other fact that would prohibit the making of any payment of monies to or by the Trusteesany Trustee, or the taking of any other action by the Trustees, unless and until the a responsible officer of a applicable Trustee has received written notice thereof from the CorporationCompany, any 6.25% Debentureholder or any Senior Creditor.

Appears in 1 contract

Samples: Second Supplemental Indenture (Dirtt Environmental Solutions LTD)

Time is Money Join Law Insider Premium to draft better contracts faster.