Common use of No Notice of Trusts Clause in Contracts

No Notice of Trusts. Neither the Issuer nor the Trustees nor any Registrar shall be bound to take notice of or see to the execution of any trust (other than that created by this Indenture) whether express, implied or constructive, in respect of any Note, and the Issuer, the Trustees or any Registrar may transfer such Note on the direction of the Person registered as the Holder thereof, whether named as trustee or otherwise, as though that Person were the Beneficial Holder of such Note.

No Notice of Trusts. Neither the Issuer nor the Debenture Trustees nor any Registrar shall be bound to take notice of or see to the execution of any trust (other than that created by this Indenture) whether express, implied or constructive, in respect of any NoteDebenture, and the Issuer, the Debenture Trustees or any Registrar may transfer such Note Debenture on the direction of the Person registered as the Holder thereof, whether named as trustee or otherwise, as though that Person were the Beneficial Holder of such NoteDebenture.

No Notice of Trusts. Neither the Issuer nor the Trustees Trustee nor any Registrar registrar shall be bound to take notice of or see to the execution of any trust (other than that created by this Indenture) whether express, implied or constructive, in respect of any NoteDebenture, and the Issuer, the Trustees or any Registrar may transfer such Note the same on the direction of the Person registered as the Holder Debentureholder thereof, whether named as trustee or otherwise, as though that Person were the Beneficial Holder of such Notebeneficial owner thereof.

No Notice of Trusts. Neither the Issuer nor the Trustees Trustee nor any Registrar shall be bound to take notice of or see to the execution of any trust (other than that created by this Indenture) whether express, implied or constructive, in respect of any Note, and the Issuer, the Trustees or any Registrar may transfer such Note the same on the direction of the Person registered as the Holder thereof, whether named as trustee Trustee or otherwise, as though that Person were the Beneficial Holder of such Notebeneficial owner thereof.