Common use of Prior to Event Clause in Contracts

Prior to Event. of Default and after the curing of all Events of Default which may have occurred (i) Trustee not liable except for performance of duties specifically set forth (ii) In absence of bad faith, Trustee may conclusively rely on certificates or opinions furnished it hereunder,subject to duty to examine the same if specifically required to be furnished to it (2) Trustee not liable for error of judgment made in good faith by Responsible Officer unless Trustee negligent (3) Trustee not liable for action or non-action in accordance with direction of holders of majority in principal amount of Debentures (4) Trustee need not expend own funds without adequate indemnity

Prior to Event. of Default and after the curing of all Events of Default which may have occurred (i) Trustee not liable except for performance of duties specifically set forth (ii) In absence of bad faith, Trustee may conclusively rely on certificates or opinions furnished it hereunder,subject to duty to examine the same if specifically required to be furnished to it (2) Trustee not liable for error of judgment made in good faith by Responsible Officer unless Trustee negligent (3) Trustee not liable for action or non-action in accordance with direction of holders of majority in principal amount of Debentures Notes (4) Trustee need not expend own funds without adequate indemnity