Common use of No Fiduciary Duty of Trustee to Holders of Senior Indebtedness Clause in Contracts

No Fiduciary Duty of Trustee to Holders of Senior Indebtedness. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness, and shall not be liable to any such holders (other than for its willful misconduct or negligence) if it shall in good faith mistakenly pay over or distribute to the Holders of the Securities or the Company or any other Person, cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article 14 or otherwise. Nothing in this Section 14.4 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 Senior Indebtedness or their representative.

Appears in 22 contracts

Samples: Indenture (Umb Financial Corp), Indenture (Umb Financial Corp), Indenture (Umb Financial Corp)

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No Fiduciary Duty of Trustee to Holders of Senior Indebtedness. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness, and shall not be liable to any such holders (other than for its willful misconduct or negligence) if it shall in good faith mistakenly pay over or distribute to the Holders of the Securities or the Company or any other Person, cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article 14 Thirteen or otherwise. Nothing in this Section 14.4 1312 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 Senior Indebtedness or their representative.

Appears in 14 contracts

Samples: Indenture (Noble Holding International LTD), Indenture (Noble Holding International LTD), Indenture (Transocean Offshore Inc)

No Fiduciary Duty of Trustee to Holders of Senior Indebtedness. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior IndebtednessIndebtedness of the Company, and shall not be liable to any such of those holders (other than for its willful misconduct or gross negligence) if it shall in good faith mistakenly pay over or distribute to the Holders of the Securities or the Company or any other Person, cash, property or securities to which any holders of Senior Indebtedness of the Company shall be entitled by virtue of this Article 14 X or otherwise. Nothing in this Section 14.4 10.12 shall affect the obligation of any other such Person to hold such that payment for the benefit of, and to pay such that payment over to, the holders of Senior Indebtedness of the Company or their representative.

Appears in 8 contracts

Samples: Indenture (Egl Inc), Encore Operating Louisiana, LLC, Petroquest Energy Inc

No Fiduciary Duty of Trustee to Holders of Senior Indebtedness. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness, and shall not be liable to any such holders (other than for its willful misconduct or negligence) if it shall in good faith mistakenly pay over or distribute to the Holders of the Securities or the Company or any other Person, cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article 14 X or otherwise. Nothing in this Section 14.4 10.12 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 Senior Indebtedness or their representative.

Appears in 6 contracts

Samples: Indenture (Cabot Oil & Gas Corp), R&b Falcon Corp, Seitel Capital Trust Ii

No Fiduciary Duty of Trustee to Holders of Senior Indebtedness. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness, and shall not be liable to any such holders (other than for its willful misconduct or negligence) if it shall in good faith mistakenly pay over or distribute to the Holders of the Securities or the Company or any other Person, cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article 14 XII or otherwise. Nothing in this Section 14.4 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 Senior Indebtedness or their representative.

Appears in 5 contracts

Samples: Indenture (Smartalk Teleservices Inc), Indenture (Occusystems Inc), Concentra Managed Care Inc

No Fiduciary Duty of Trustee to Holders of Senior Indebtedness. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness, and shall not be liable to any such holders (other than for its willful misconduct misconduct, bad faith or negligence) if it shall in good faith mistakenly pay over or distribute to the Holders of the Subordinated Securities or the Company or any other Person, cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article 14 13 or otherwise. Nothing in this Section 14.4 13.07 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 Senior Indebtedness or their representative. Nothing in this Article 13 shall apply to claims of, or payments to, the Trustee under or pursuant to Section 6.07 of the Indenture.

Appears in 5 contracts

Samples: ITT Corp, Exelis Inc., Xylem Inc.

No Fiduciary Duty of Trustee to Holders of Senior Indebtedness. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness, and shall not be liable to any such holders (other than for its willful misconduct or negligence) if it shall in good faith mistakenly pay over or distribute to the Holders of the Securities or the Company Corporation or any other Person, cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article 14 or otherwise. Nothing in this Section 14.4 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 Senior Indebtedness or their representative.

Appears in 3 contracts

Samples: Note (FNB Corp/Fl/), Note (FNB Corp/Fl/), FNB Corp/Fl/

No Fiduciary Duty of Trustee to Holders of Senior Indebtedness. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness, and shall not be liable to any such holders (other than for its willful misconduct or negligence) if it shall in good faith mistakenly pay over or distribute to the Holders of the Securities or the Company or any other Person, cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article 14 12 or otherwise. Nothing in this Section 14.4 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 Senior Indebtedness or their representative.

Appears in 3 contracts

Samples: Price Communications Corp, Price Communications Corp, Price Communications Wireless Inc

No Fiduciary Duty of Trustee to Holders of Senior Indebtedness. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness, and shall not be liable to any such holders (other than for its willful misconduct or negligence) if it shall in good faith mistakenly pay over or distribute to the Holders of the Securities or the Company or any other Person, cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article 14 or otherwise. Nothing in this Section 14.4 1112 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 Senior Indebtedness or their representative.

Appears in 3 contracts

Samples: Valero Energy Corp/Tx, Vec Trust Ii, Valero Energy Corp/Tx

No Fiduciary Duty of Trustee to Holders of Senior Indebtedness. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness, and shall not be liable to any such of those holders (other than for its willful misconduct or gross negligence) if it shall in good faith mistakenly pay over or distribute to the Holders of the Securities Notes or the Company or any other Person, cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article 14 XV or otherwise. Nothing in this Section 14.4 15.12 shall affect the obligation of any other such Person to hold such that payment for the benefit of, and to pay such that payment over to, the holders of Senior Indebtedness or their representative.

Appears in 2 contracts

Samples: Indenture (Maverick Tube Corporation), Maverick Tube Corporation

No Fiduciary Duty of Trustee to Holders of Senior Indebtedness. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness, and shall not be liable to any such holders (other than for its willful misconduct misconduct, bad faith or negligence) if it shall in good faith mistakenly pay over or distribute to the Holders of the Subordinated Securities or the Company or any other Person, cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article 14 13 or otherwise. Nothing in this Section 14.4 13.06 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 Senior Indebtedness or their representative.. (signature page follows)

Appears in 2 contracts

Samples: Brown Forman Corp, Brown Forman Corp

No Fiduciary Duty of Trustee to Holders of Senior Indebtedness. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness, and shall not be liable to any such holders (other than for its willful misconduct or negligence) if it shall in good faith mistakenly pay over or distribute to the Holders of the Securities of any series or the Company Bank or any other Person, cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article 14 Fifteen or otherwise. Nothing in this Section 14.4 1507 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 Senior Indebtedness or their representative.

Appears in 2 contracts

Samples: Indenture (Canadian Imperial Bank of Commerce /Can/), Indenture (Canadian Imperial Bank of Commerce /Can/)

No Fiduciary Duty of Trustee to Holders of Senior Indebtedness. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness, and shall not be liable to any such holders (other than for its willful misconduct or negligence) if it shall in good faith mistakenly pay over or distribute to the Holders of the Securities or the Company or any other Person, cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article 14 Fourteen or otherwise. Nothing in this Section 14.4 1412 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 Senior Indebtedness or their representative.

Appears in 2 contracts

Samples: Indenture (Baker Hughes Inc), Lone Star Technologies Inc

No Fiduciary Duty of Trustee to Holders of Senior Indebtedness. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness, and shall not be liable to any such holders (other than for its willful misconduct or negligence) if it shall in good faith mistakenly pay over or distribute to the Holders of the Securities or the Company or any other Person, cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article 14 Thirteen or otherwise. Nothing in this Section 14.4 13.04 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 Senior Indebtedness or their representative.

Appears in 2 contracts

Samples: Brigham Holdings Ii LLC, Brigham Holdings Ii LLC

No Fiduciary Duty of Trustee to Holders of Senior Indebtedness. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness, and shall not be liable to any such holders (other than for its willful misconduct misconduct, bad faith or negligence) if it shall in good faith mistakenly pay over or distribute to the Holders of the Subordinated Securities or the Company or any other Person, cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article 14 13 or otherwise. Nothing in this Section 14.4 13.06 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 Senior Indebtedness or their representative.

Appears in 2 contracts

Samples: Pepsico Inc, Pepsico Inc

No Fiduciary Duty of Trustee to Holders of Senior Indebtedness. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness, Indebtedness and shall not be liable to any such holders (other than for its willful misconduct or negligence) if it shall in good faith mistakenly pay over or distribute to the Holders of the Securities or the Company any Guarantor or any other Personperson, cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article 14 Three or otherwise. Nothing in this Section 14.4 3.12 shall affect the obligation of any other such Person person to hold such payment for the benefit of, and to pay such payment over to, the holders of Senior Indebtedness or their representative.

Appears in 1 contract

Samples: Supplemental Indenture (Jp Foodservice Inc)

No Fiduciary Duty of Trustee to Holders of Senior Indebtedness. The Trustee shall not be deemed to owe any fiduciary fidu- ciary duty to the holders of Senior Indebtedness, and shall not be liable to any such holders (other than for its willful will- ful misconduct or negligence) if it shall in good faith mistakenly pay over or distribute to the Holders of the Securities Securi- ties or the Company or any other Person, cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article 14 XII or otherwise. Nothing in this Section 14.4 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 Senior Indebtedness or their representative.

Appears in 1 contract

Samples: Indenture (Checkpoint Systems Inc)

No Fiduciary Duty of Trustee to Holders of Senior Indebtedness. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness, and shall not be liable to any such holders (other than for its willful misconduct misconduct, bad faith or negligence) if it shall in good faith mistakenly pay over or distribute to the Holders of the Subordinated Securities or the Company or any other Person, cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article 14 13 or otherwise. Nothing in this Section 14.4 13.07 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 Senior Indebtedness or their representative.. (signature page follows) 61

Appears in 1 contract

Samples: Luminex Corp

No Fiduciary Duty of Trustee to Holders of Senior Indebtedness. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness, and shall not be liable to any such of those holders (other than for its willful misconduct or negligence) if it shall in good faith mistakenly pay over or distribute to the Holders holders of the Securities Notes or the Company or any other Person, cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article 14 IV or otherwise. Nothing in this Section 14.4 4.12 shall affect the obligation of any other such Person to hold such that payment for the benefit of, and to pay such that payment over to, the holders of Senior Indebtedness or their representative.

Appears in 1 contract

Samples: Indenture (Maverick Tube Corporation)

No Fiduciary Duty of Trustee to Holders of Senior Indebtedness. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness, and shall not be liable to any such holders (other than for its willful misconduct or negligence) if it shall in good faith mistakenly pay over or distribute to the Holders of the Securities or the Company or any other Person, cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article 14 XI or otherwise. Nothing in this Section 14.4 11.12 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 Senior Indebtedness or their representative.

Appears in 1 contract

Samples: Parker Drilling Co /De/

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No Fiduciary Duty of Trustee to Holders of Senior Indebtedness. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness, and shall not be liable to any such holders (other than for its willful misconduct misconduct, bad faith or negligence) if it shall in good faith mistakenly pay over or distribute to the Holders of the Securities or the Company or any other Personperson, cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article 14 Ten or otherwise. Nothing in this Section 14.4 10.12 shall affect the obligation of any other such Person person to hold such payment for the benefit of, and to pay such payment over to, the holders of Senior Indebtedness or their representative.

Appears in 1 contract

Samples: Donaldson Lufkin & Jenrette Inc /Ny/

No Fiduciary Duty of Trustee to Holders of Senior Indebtedness. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness, Indebtedness and shall not be liable to any such holders (other than for its willful misconduct or negligence) if it shall in good faith mistakenly pay over or distribute to the Holders of the Securities or the Company any Guarantor or any other Personperson, cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article 14 IV or otherwise. Nothing in this Section 14.4 3.12 shall affect the obligation of any other such Person person to hold such payment for the benefit of, and to pay such payment over to, the holders of Senior Indebtedness or their representative.

Appears in 1 contract

Samples: Supplemental Indenture (Jp Foodservice Inc)

No Fiduciary Duty of Trustee to Holders of Senior Indebtedness. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness, and shall not be liable to any such holders (other than for its willful misconduct or negligence) if it shall in good faith mistakenly pay over or distribute to the Holders of the Securities or the Company or any Guarantor or any other Person, cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article 14 Thirteen or otherwise. Nothing in this Section 14.4 1312 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 Senior Indebtedness or their representative.

Appears in 1 contract

Samples: Key Energy Services Inc

No Fiduciary Duty of Trustee to Holders of Senior Indebtedness. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness, and shall not be liable to any such holders (other than for its willful misconduct or negligence) if it shall in good faith mistakenly pay over or distribute to the Holders of the Securities or the Company or any other Person, cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article 14 11 or otherwise. Nothing in this Section 14.4 11.12 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 Senior Indebtedness or their representativerepresentative in accordance with the provisions hereof.

Appears in 1 contract

Samples: Indenture (Health & Retirement Properties Trust)

No Fiduciary Duty of Trustee to Holders of Senior Indebtedness. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness, and shall not be liable to any such holders (other than for its willful misconduct or negligence) if it shall in good faith mistakenly pay over or distribute to the Holders of the Securities Notes or the Company or any other Person, cash, property or securities Notes to which any holders of Senior Indebtedness shall be entitled by virtue of this Article 14 XII or otherwise. Nothing in this Section 14.4 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 Senior Indebtedness or their representativerepresentative in accordance with the provisions hereof.

Appears in 1 contract

Samples: Indenture (Southern Pacific Funding Corp)

No Fiduciary Duty of Trustee to Holders of Senior Indebtedness. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness, and shall not be liable to any such holders (other than for its willful misconduct misconduct, bad faith or negligence) if it shall in good faith mistakenly pay over or distribute to the Holders of the Securities Notes or the Company or any other Personperson, cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article 14 Ten or otherwise. Nothing in this Section 14.4 10.12 shall affect the obligation of any other such Person person to hold such payment for the benefit of, and to pay such payment over to, the holders of Senior Indebtedness or their representative.

Appears in 1 contract

Samples: Wyndham Hotel Corp

No Fiduciary Duty of Trustee to Holders of Senior Indebtedness. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness, and shall not be liable to any such holders (other than for its willful misconduct misconduct, bad faith or negligence) if it shall in good faith mistakenly pay over or distribute to the Holders of the Securities or the Company or any other Personperson, cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article 14 Thirteen or otherwise. Nothing in this Section 14.4 1312 shall affect the obligation of any other such Person person to hold such payment for the benefit of, and to pay such payment over to, the holders of Senior Indebtedness or their representative.

Appears in 1 contract

Samples: Amerco /Nv/

No Fiduciary Duty of Trustee to Holders of Senior Indebtedness. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness, and shall not be liable to any such holders (other than for its willful misconduct misconduct, bad faith or negligence) if it shall in good faith mistakenly pay over or distribute to the Holders of the Subordinated Securities or the Company or any other Person, cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article 14 13 or otherwise. Nothing in this Section 14.4 13.06 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 any Senior Indebtedness or their representative.

Appears in 1 contract

Samples: PepsiCo Singapore Financing I Pte. Ltd.

No Fiduciary Duty of Trustee to Holders of Senior Indebtedness. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness, and shall not be liable to any such holders (other than for its willful misconduct or negligence) if it shall in good faith mistakenly pay over or distribute to the Holders of the Securities or the Company or any other Person, cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article 14 ARTICLE THIRTEEN or otherwise. Nothing in this Section 14.4 SECTION 1312 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 Senior Indebtedness or their representative.

Appears in 1 contract

Samples: Indenture (Grey Wolf Inc)

No Fiduciary Duty of Trustee to Holders of Senior Indebtedness. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness, and shall not be liable to any such holders (other than for its willful misconduct or gross negligence) if it shall in good faith mistakenly pay over or distribute deliver to the Holders of the Securities or the Company or any other Personperson, cash, property money or securities assets to which any holders of Senior Indebtedness shall be entitled by virtue of this Article 14 Four or otherwise. Nothing in this Section 14.4 4.12 shall affect the obligation of any person other such Person than the Trustee to hold such payment for the benefit of, and to pay such payment over to, the holders of Senior Indebtedness or their representative.Representative. 61 -52- ARTICLE FIVE COVENANTS

Appears in 1 contract

Samples: Bay Area Warehouse Stores Inc

No Fiduciary Duty of Trustee to Holders of Senior Indebtedness. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness, and shall not be liable to any such holders (other than for its willful wilful misconduct or gross negligence) if it shall in good faith mistakenly pay over or distribute deliver to the Holders of the Securities Notes or the Company or any other Personperson, cash, property money or securities assets to which any holders of Senior Indebtedness shall be entitled by virtue of this Article 14 10 or otherwise. Nothing in this Section 14.4 10.12 shall affect the obligation of any other such Person person to hold such payment for the benefit of, and to pay such payment over to, the holders of Senior Indebtedness or their representative.

Appears in 1 contract

Samples: Clark Material Handling Co

No Fiduciary Duty of Trustee to Holders of Senior Indebtedness. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness, and shall not be liable to any such holders (other than for its willful misconduct or gross negligence) if it shall in good faith mistakenly pay over or distribute to the Holders of the Securities Notes or the Company or any other Person, cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article 14 10 or otherwise. Nothing in this Section 14.4 10.11 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 Senior Indebtedness or their representative.

Appears in 1 contract

Samples: Indenture (Krug International Corp)

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