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Common use of No Duty to Inquire Clause in Contracts

No Duty to Inquire. Except as provided in Section 8.2, the Trustee shall not at any time be under any duty or responsibility to any Warrantholder to determine whether any facts exist which may require any adjustment contemplated by Sections 2.13 and 2.14, or with respect to the nature or extent of any such adjustment when made, or with respect to the method employed in making the same. The Trustee shall not be accountable with respect to the validity or value (or the kind or amount) of any securities or property which may at any time be issued or delivered upon the exercise of any Warrant.

Appears in 2 contracts

Samples: Warrant Indenture (Agnico Eagle Mines LTD), Warrant Indenture (Gryphon Gold Corp)

No Duty to Inquire. Except as provided in Section 8.29.2, the Trustee shall not at any time be under any duty or responsibility to any Warrantholder to determine whether any facts exist which may require any adjustment contemplated by Sections 2.13 Section 4.1 and 2.14Section 4.2, or with respect to the nature or extent of any such adjustment when made, or with respect to the method employed in making the same. The Trustee shall not be accountable with respect to the validity or value (or the kind or amount) of any securities or property which may at any time be issued or delivered upon the exercise of any Warrant.

Appears in 1 contract

Samples: Warrant Indenture (North American Palladium LTD)

No Duty to Inquire. Except as provided in Section section 8.2, the Trustee shall not at any time be under any duty or responsibility to any Warrantholder to determine whether any facts exist which may require any adjustment contemplated by Sections sections 2.13 and 2.14, or with respect to the nature or extent of any such adjustment when made, or with respect to the method employed in making the same. The Trustee , but shall not be accountable with respect entitled to rely absolutely upon any adjustment calculation of the validity or value (Corporation or the kind or amount) of any securities or property which may at any time be issued or delivered upon the exercise of any WarrantCorporation's auditors.

Appears in 1 contract

Samples: Warrant Indenture (MDS Inc)