Common use of Protection of Trustee Clause in Contracts

Protection of Trustee. The Trustee: (a) shall not at any time be under any duty or responsibility to any Warrantholder to determine whether any facts exist which may require any adjustment contemplated by Section 4.1 or with respect to the nature or extent of any such adjustment when made, or with respect to the method employed in making the same; (b) shall not be accountable with respect to the validity or value (or the kind or amount) of any Common Shares and Warrants or of any shares or other securities or property which may at any time be issued or delivered upon the exercise of the rights attaching to any Special Warrant; (c) shall not be responsible for any failure of the Corporation to issue, transfer or deliver Common Shares and Warrants or certificates for the same upon the surrender of any Special Warrants for the purpose of the exercise of such rights or to comply with any of the covenants contained in this Article 4; and (d) shall not incur any liability or responsibility whatever or be in any way responsible for the consequences of any breach on the part of the Corporation of any of the representations, warranties or covenants herein contained or of any acts of the agents or servants of the Corporation.

Appears in 1 contract

Samples: Special Warrant Indenture (Spectrum Signal Processing Inc)

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Protection of Trustee. The Except as provided in section 9.2, the Trustee: (a) a. shall not at any time be under any duty or responsibility to any Warrantholder to determine whether any facts exist which may require any adjustment contemplated by Section section 4.1 or with respect to the nature or extent of any such adjustment when made, or with respect to the method employed in making the same; (b) b. shall not be accountable with respect to the validity or value (or the kind or amount) of any Common Shares and Warrants or of any shares or other securities or property which may at any time be issued or delivered upon the exercise of the rights attaching to any Special Purchase Warrant; (c) c. shall not be responsible for any failure of the Corporation to issue, transfer or deliver Common Shares and Warrants or certificates for the same upon the surrender of any Special Purchase Warrants for the purpose of the exercise of such rights or to comply with any of the covenants contained in this Article 4Article; and (d) d. shall not incur any liability or responsibility whatever whatsoever or be in any way responsible for the consequences of any breach on the part of the Corporation of any of the representations, warranties or covenants herein contained or of any acts of the directors, officers, employees, agents or servants of the Corporation.

Appears in 1 contract

Samples: Purchase Warrant Indenture (Minera Andes Inc /Wa)

Protection of Trustee. The Except as provided in Section 9.2, the Trustee: (a) shall not at any time be under any duty or responsibility to any Warrantholder to determine whether any facts exist which may require any adjustment contemplated by Section 4.1 this Article 4, or with respect to the nature or extent of any such adjustment when made, or with respect to the method employed in making the same; (b) shall not be accountable with respect to the validity or value (or the kind or amount) of any Common Shares and Warrants or of any shares or other securities or property which may at any time be issued or delivered upon the exercise of the rights attaching to any Special Warrant; (c) shall not be responsible for any failure of the Corporation to issue, transfer or deliver Common Shares and Warrants or certificates for the same upon the surrender of any Special Warrants for the purpose of the exercise of such rights or to comply with any of the covenants contained in this Article 4; and (d) shall not incur any liability or responsibility whatever or be in any way responsible for the consequences of any breach on the part of the Corporation of any of the representations, warranties or covenants herein contained or of any acts of the agents or servants of the Corporation.

Appears in 1 contract

Samples: Warrant Indenture (Westlink Resources LTD)

Protection of Trustee. The Except as provided in Section 9.2, the Trustee: (a1) shall not at any time be under any duty or responsibility to any Warrantholder to determine whether any facts exist which may require any adjustment contemplated by Section 4.1 4.10 or with respect to the nature or extent of any such adjustment when made, or with respect to the method employed in making the same; (b2) shall not be accountable with respect to the validity or value (or the kind or amount) of any Common Shares and Warrants or of any shares or other securities or property which may at any time be issued or delivered upon the exercise of the rights attaching to any Special Purchase Warrant; (c3) shall not be responsible for any failure of the Corporation Company to issue, transfer or deliver Common Shares and Warrants or certificates for the same upon the surrender of any Special Purchase Warrants for the purpose of the exercise of such rights or to comply with any of the covenants contained in this Article 4Section; and (d4) shall not incur any liability or responsibility whatever whatsoever or be in any way responsible for the consequences of any breach on the part of the Corporation Company of any of the representations, warranties or covenants herein contained or of any acts of the directors, officers, employees, agents or servants of the CorporationCompany.

Appears in 1 contract

Samples: Purchase Warrant Indenture (Seven Seas Petroleum Inc)

Protection of Trustee. The Except as provided in Section 9.2, the Trustee: (a) shall not at any time be under any duty or responsibility to any Warrantholder to determine whether any facts exist which may require any adjustment contemplated by Section 4.1 4.1, or with respect to the nature or extent of any such adjustment when made, or with respect to the method employed in making the same; (b) shall not be accountable with respect to the validity or value (or the kind or amount) of any Common Shares and Warrants or of any shares or other securities or property which may at any time be issued or delivered upon the exercise of the rights attaching to any Special Warrant; (c) shall not be responsible for any failure of the Corporation to issue, transfer or deliver Common Shares and Warrants or certificates for the same upon the surrender of any Special Warrants for the purpose of the exercise of such rights or to comply with any of the covenants contained in this Article 4Article; and (d) shall not incur any liability or responsibility whatever whatsoever or be in any way responsible for the consequences of any breach on the part of the Corporation of any of the representations, warranties or covenants herein contained or of any acts of the directors, officers, employees, agents or servants of the Corporation.

Appears in 1 contract

Samples: Warrant Indenture (Oncolytics Biotech Inc)

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Protection of Trustee. The Trustee: (a) shall not at any time be under any duty or responsibility to any Warrantholder to determine whether any facts exist which may require any adjustment contemplated by Section 4.1 4.01 or with respect to the nature or extent of any such adjustment when made, or with respect to the method employed in making the same; (b) shall not be accountable with respect to the validity or value (or the kind or amount) of any Common Shares and Warrants or of any shares or other securities or property which may at any time be issued or delivered upon the exercise of the rights attaching to any Special Class B Warrant; (c) shall not be responsible for any failure of the Corporation to issue, transfer or deliver Common Shares and Warrants or certificates for the same upon the surrender of any Special Class B Warrants for the purpose of the exercise of such rights or to comply with any of the covenants contained in this Article 4IV; and (d) shall not incur any liability or responsibility whatever or be in any way responsible for the consequences of any breach on the part of the Corporation of any of the representations, warranties or covenants herein contained or of any acts of the agents or servants of the Corporation.

Appears in 1 contract

Samples: Warrant Indenture (Seven Seas Petroleum Inc)

Protection of Trustee. The Except as provided in section , the Trustee: (a1) shall not at any time be under any duty or responsibility to any Warrantholder Holder to determine whether any facts exist which may require any adjustment contemplated by Section 4.1 , or with respect to the nature or extent of any such adjustment when made, or with respect to the method employed in making the same; (b2) shall not be accountable with respect to the validity or value (or the kind or amount) of any Common Shares and Warrants Units or of any shares or other securities or property which may at any time be issued or delivered upon the exercise of the rights attaching to any Special Warrant; (c3) shall not be responsible for any failure of the Corporation Company to issue, transfer or deliver Common Shares and Warrants Units or certificates for the same upon the surrender of any Special Warrants for the purpose of the exercise of such rights or to comply with any of the covenants contained in this Article 4; and (d4) shall not incur any liability or responsibility whatever whatsoever or be in any way responsible for the consequences of any breach on the part of the Corporation Company of any of the representations, warranties or covenants herein contained or of any acts of the directors, officers, employees, agents or servants of the CorporationCompany.

Appears in 1 contract

Samples: Warrant Indenture (Northern Orion Resources Inc)

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