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 it undertakes to perform or observe such of its covenants and obligations as are

Appears in 1 contract

Samples: Sickinger Co

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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 undertakes shall in good faith mistakenly pay over or distribute to perform the Holders of the Securities or observe such the Company or any other Person, cash, property or securities to which any holders of its covenants and obligations as areSenior

Appears in 1 contract

Samples: Cooper Cameron 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 it undertakes shall not be liable to perform or observe any such of holders (other than for its covenants and obligations as arewillful misconduct or

Appears in 1 contract

Samples: Quest Cherokee Oilfield Service, 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 IndebtednessIndebtedness 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 Securities or the Company or any other person, and it undertakes cash, property or securities to perform which any holders of Senior Indebtedness shall be entitled by virtue of this Article Twelve or observe such of its covenants and obligations as areotherwise. Nothing in this

Appears in 1 contract

Samples: Indenture (Us Foodservice/Md/)

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No Fiduciary Duty of Trustee to Holders of Senior Indebtedness. The Trustee shall not be deemed to owe have any fiduciary duty to the holders any holder of Senior Indebtedness, and shall not be liable to any such holder if it undertakes shall pay over or distribute to perform the Holders of the Debentures or observe such to the Company or to any other person, moneys or assets to which any holder of its covenants and obligations as areSenior Indebtedness shall be entitled pursuant to this Article XIII or otherwise.

Appears in 1 contract

Samples: Banctec 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 undertakes shall in good faith mistakenly pay over or distribute to perform the Holders of the Securities or observe such the Company or any other Person, cash, property or securities to which any holders of its covenants and obligations as areSenior Indebtedness shall be entitled by virtue of this Article Thirteen or otherwise. Nothing in this Section

Appears in 1 contract

Samples: Key Energy Services Inc

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