No Fiduciary Duty of Trustee to Holders of Group Guarantor Senior Indebtedness. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Group Guarantor Senior Indebtedness, and shall not be liable to any such holders (other than for its willful misconduct, bad faith or negligence) if it shall in good faith mistakenly pay over or distribute to the Holders or the Group Guarantor or any other person, cash, property or securities to which any holders of Group Guarantor Senior Indebtedness shall be entitled by virtue of this Article Twelve or otherwise. Nothing in this Section 12.12 shall affect the obligation of any other such person to hold such payment for the benefit of, and to pay such payment over to, the holders of Group Guarantor Senior Indebtedness or their representative or trustee.
Appears in 4 contracts
Samples: Credit Suisse (Credit Suisse Group Capital (Delaware) Trust II), Supplemental Indenture (Credit Suisse Group Capital (Delaware) Trust II), Supplemental Indenture (Credit Suisse Group Capital (Delaware) Trust II)
