Common use of Persons Dealing with Trustee Clause in Contracts

Persons Dealing with Trustee. No Person dealing with the Trustee or any of its agents shall be concerned to enquire whether an Event of Default has occurred, or whether the powers which the Trustee is purporting to exercise have become exercisable, or whether any moneys remain due under this Indenture or on the Debentures, or to see to the application of any moneys paid to the Trustee; and in the absence of fraud on the part of such Person, such dealing shall be deemed to be within the powers hereby conferred and to be valid and effective accordingly.

Appears in 4 contracts

Samples: Trust Indenture (Dakota Mining Corp), Trust Indenture (Sr Telecom Inc), Trust Indenture (MDC Partners Inc)

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Persons Dealing with Trustee. No Person dealing with the Trustee or any of its agents shall be concerned to enquire whether an Event of Default has occurred, or whether the powers which the Trustee is purporting to exercise have become exercisable, or whether any moneys remain due under this Indenture or on the DebenturesTrust Notes, or to see to the application of any moneys paid to the Trustee; and in the absence of fraud on the part of such Person, such dealing shall be deemed to be within the powers hereby conferred and to be valid and effective accordingly.

Appears in 2 contracts

Samples: Trust Indenture (TransCanada Trust), Trust Indenture (Transcanada Pipelines LTD)

Persons Dealing with Trustee. No Person dealing with the Trustee or any of its agents shall be concerned required to enquire whether an Event of Default has occurred, or whether the powers which the Trustee is purporting to exercise have become exercisable, or whether any moneys remain due under this Indenture or on the DebenturesNotes, or to see to the application of any moneys paid to the Trustee; and in the absence of fraud on the part of such Person, such dealing shall be deemed to be within the powers hereby conferred and to be valid and effective accordingly.

Appears in 2 contracts

Samples: Note Indenture (Crystallex International Corp), Note Indenture (Crystallex International Corp)

Persons Dealing with Trustee. No Person dealing with the Trustee or any of its agents shall be concerned to enquire whether an Event of Default has occurred, or whether the powers which the Trustee is purporting to exercise have become exercisable, or whether any moneys remain due under this Indenture or on the DebenturesTCPL Sub Notes, or to see to the application of any moneys paid to the Trustee; and in the absence of fraud on the part of such Person, such dealing shall be deemed to be within the powers hereby conferred and to be valid and effective accordingly.

Appears in 2 contracts

Samples: Trust Indenture (TransCanada Trust), Trust Indenture (Transcanada Pipelines LTD)

Persons Dealing with Trustee. No Person dealing with the Trustee or any of its agents shall be concerned to enquire whether an Event of Default has occurred, or whether the powers which the Trustee is purporting to exercise have become exercisable, or whether any moneys remain due under this Indenture or on the DebenturesNotes, or to see to the application of any moneys paid to the Trustee; and in the absence of fraud on the part of such Person, such dealing shall be deemed to be within the powers hereby conferred and to be valid and effective accordingly.

Appears in 2 contracts

Samples: Trust Indenture (Emera Inc), Trust Indenture (Emera Inc)

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Persons Dealing with Trustee. No Person dealing with the Trustee or any of its agents shall be concerned to enquire whether an Event of Default has occurred, or whether the powers which that the Trustee is purporting to exercise have become exercisable, or whether any moneys remain due under this Indenture or on the DebenturesNotes, or to see to the application of any moneys paid to the Trustee; and in the absence of fraud on the part of such Person, such dealing shall be deemed to be within the powers hereby conferred and to be valid and effective accordingly.

Appears in 1 contract

Samples: Note Indenture (Peru Copper Inc.)

Persons Dealing with Trustee. No Person person dealing with the Trustee or any of its agents shall be concerned to enquire whether an Event of Default has occurred, or whether the powers which the Trustee is purporting to exercise have become exercisable, or whether any moneys remain due under this Indenture indenture or on the Debentures, or to see to the application of any moneys paid to the Trustee; and in the absence of fraud on the part of such Personperson, such dealing shall be deemed to be within the powers hereby conferred and to be valid and effective accordingly.

Appears in 1 contract

Samples: Trust Indenture (Poly-Pacific International Inc.)

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