Purchaser Protected. In no event will any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will any purchaser or other transferee of any property or rights permitted by this Article to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, to make any such sale or other transfer.
Appears in 14 contracts
Samples: Indenture (BA Master Credit Card Trust II), Pooling and Servicing Agreement (Navistar Financial Dealer Note Master Trust), BA Master Credit Card Trust II
Purchaser Protected. In no event will any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will any purchaser or other transferee of any property or rights permitted by this Article II to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, to make any such sale or other transfer.
Appears in 13 contracts
Samples: Indenture, Servicing Agreement (American Express Receivables Financing Corp VIII LLC), Servicing Agreement (American Express Receivables Financing Corp VIII LLC)
Purchaser Protected. In no event will shall any purchaser in good faith of any property Collateral purported to be released hereunder from the Lien created hereby be bound to ascertain the authority of the Indenture Trustee to execute the any such release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights Collateral permitted by this Article Section 5.03 hereof to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, Company to make any such sale or other transfer.
Appears in 8 contracts
Samples: Pledge Agreement (Pg&e National Energy Group Inc), Pledge Agreement (Pg&e National Energy Group Inc), Pledge Agreement (Pg&e National Energy Group Inc)
Purchaser Protected. In no event will any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee Collateral Agent to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will any purchaser or other transferee of any property or rights permitted by this Article to be sold be under any obligation to ascertain or inquire into the authority of the Issuer Issuing Entity or any other obligor, as applicable, to make any such sale or other transfer.
Appears in 5 contracts
Samples: Indenture (Chase Issuance Trust), Indenture (Chase Issuance Trust), Indenture
Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article 10 to be sold be under any obligation to ascertain or inquire into the authority of the Issuer Company or any other obligor, as applicable, the applicable Guarantor to make any such sale or other transfer.
Appears in 4 contracts
Samples: Supplemental Indenture (Foster Wheeler Inc), Supplemental Indenture (Foster Wheeler LTD), Supplemental Indenture (Foster Wheeler Inc)
Purchaser Protected. In no event will shall any purchaser or other transferee in good faith of any property or assets purported to be released hereunder be bound to ascertain the authority of the Indenture Note Collateral Agent or the Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article to be sold assets be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, Company to make any such sale or other transfer.
Appears in 4 contracts
Samples: Indenture (Ambac Financial Group Inc), Collateral Agreement (Ambac Financial Group Inc), Collateral Agreement (Ambac Financial Group Inc)
Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, to make any such sale or other transfer.
Appears in 4 contracts
Samples: Master Note Trust (Mellon Premium Finance Loan Owner Trust), Pooling and Servicing Agreement (Mellon Bank Premium Finance Loan Master Trust), CNH Wholesale Receivables Inc
Purchaser Protected. In no event will shall any purchaser in good faith or other transferee of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to direct the Collateral Agent to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted to be sold by this Article to be sold X, be under any obligation to ascertain or inquire into the authority of the any Issuer or any other obligorSubsidiary, as applicable, to make any such sale or other transfer.
Appears in 4 contracts
Samples: Indenture (Petro Stopping Centers L P), Indenture (Petro Stopping Centers Holdings Lp), Indenture (Petro Holdings Financial Corp)
Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Collateral Agent or the Trustee to execute the applicable release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article XII to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, the Grantor to make any such sale or other transfer.
Appears in 3 contracts
Samples: Third Lien Intercreditor Agreement (Frontier Communications Parent, Inc.), Third Lien Intercreditor Agreement (Frontier Communications Parent, Inc.), Frontier Communications Parent, Inc.
Purchaser Protected. In no event will any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee Collateral Agent to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will any purchaser or other transferee of any property or rights permitted by this Article to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, to make any such sale or other transfer.
Appears in 3 contracts
Samples: Indenture (First Usa Credit Card Master Trust), Indenture (First Usa Credit Card Master Trust), Indenture (Bank One Delaware National Association)
Purchaser Protected. In no event will ever shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article 12 to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, Company to make any such sale or other transfer.
Appears in 3 contracts
Samples: Indenture (Pt Polytama Propindo), Indenture (Pt Polytama Propindo), Indenture (Pt Polytama Propindo)
Purchaser Protected. In no event will any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will any purchaser or other transferee of any property or rights permitted by this Article to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, to make any such sale or other transfer.
Appears in 3 contracts
Samples: Citibank Credit Card Issuance Trust, Citibank Credit Card Master Trust I, Citibank South Dakota N A
Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder or under any of the Security Documents be bound to ascertain the authority of the Indenture Trustee or the Collateral Agent, as the case may be, to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article XII to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicableCompany, to make any such sale or other transfer.
Appears in 3 contracts
Samples: Indenture (Vertis Inc), Webcraft LLC, Webcraft LLC
Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee or the Collateral Agent to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof or of the Security Agreements for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article 11 to be sold be under any obligation to ascertain or inquire into the authority of the Issuer Company or any other obligor, as applicable, the applicable Owner to make any such sale or other transfer.
Appears in 2 contracts
Samples: Navigator Gas Iom I-E LTD, Navigator Gas Iom I-E LTD
Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Collateral Agent or the Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article X to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, applicable Collateral Grantor to make any such sale or other transfer.
Appears in 2 contracts
Samples: Indenture (Frontier Communications Corp), Indenture (Frontier Communications Corp)
Purchaser Protected. In no event will any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will any purchaser or other transferee of any property or rights permitted by this Article XIII to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, to make any such sale or other transfer.
Appears in 2 contracts
Samples: Indenture (WF Card Funding LLC), WF Card Issuance Trust
Purchaser Protected. In no event will any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will any purchaser or other transferee of any property or rights permitted by this Article to be sold be under any obligation to ascertain or inquire into the authority of the Issuer Issuing Entity or any other obligor, as applicable, to make any such sale or other transfer.
Appears in 2 contracts
Samples: Navistar Financial Dealer (Navistar International Corp), Wachovia Card Receivables LLC
Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Notes Collateral Agent or the Trustee to execute the applicable release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted not prohibited by this Article 12 to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, the applicable Guarantor to make any such sale or other transfer.
Appears in 2 contracts
Samples: Indenture (New Fortress Energy Inc.), Indenture (New Fortress Energy Inc.)
Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee or Collateral Agent to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article XI to be sold be under any obligation to ascertain or inquire into the authority of the Issuer Company or any other obligorPledgor, as applicable, to make any such sale or other transfer.
Appears in 2 contracts
Samples: Covenants (Rti Capital Corp), Blue Steel Capital Corp
Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Collateral Agent or the Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article Ten to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, Company to make any such sale or other transfer.
Appears in 2 contracts
Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Collateral Agent or the Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article X to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, Company to make any such sale or other transfer.
Appears in 1 contract
Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder or under any of the Security Documents be bound to ascertain the authority of the Indenture Trustee or the Collateral Agent, as the case may be, to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article Ten to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicableCompany, to make any such sale or other transfer.
Appears in 1 contract
Samples: Clean Harbors Inc
Purchaser Protected. In no event will any purchaser in ------------------- good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will any purchaser or other transferee of any property or rights permitted by this Article to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, to make any such sale or other transfer.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mbna Credit Card Master Note Trust)
Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Senior Subordinated Note Collateral Agent or the Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article 11 to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, Company to make any such sale or other transfer.
Appears in 1 contract
Purchaser Protected. In no event will any purchaser in good ------------------- faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will any purchaser or other transferee of any property or rights permitted by this Article to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, to make any such sale or other transfer.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mbna Credit Card Master Note Trust)
Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Collateral Agent or the Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article X to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, Company to make any such sale or other transfer.
Appears in 1 contract
Samples: Section (Toms Foods Inc)
Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article XI to be sold be under any obligation to ascertain or inquire into the authority of the Issuer Company or any other obligor, as applicable, the relevant Guarantor to make any such sale or other transfer.
Appears in 1 contract
Samples: Pledge and Security Agreement (Continental Caribbean Containers Inc)
Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article 12 to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, Company to make any such sale or other transfer.
Appears in 1 contract
Samples: Indenture (Goodman Conveyor Co)
Purchaser Protected. In no event will shall any purchaser in good faith or other transferee of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to direct the Collateral Agent to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article to be sold by this Indenture or the Security Documents, be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, Company to make any such sale or other transfer.
Appears in 1 contract
Samples: Electroglas Inc
Purchaser Protected. In no event will shall any purchaser in ------------------- good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article 12 to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligorPledgor, as applicable, to make any such sale or other transfer.
Appears in 1 contract
Purchaser Protected. In no event will shall any purchaser or other transferee in good faith of any property or assets purported to be released hereunder be bound to ascertain the authority of the Indenture Collateral Agent or the Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article to be sold assets be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, Pledgor to make any such sale or other transfer.
Appears in 1 contract
Samples: Service Properties Trust
Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Collateral Agent or the Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article XI to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, Company to make any such sale or other transfer.
Appears in 1 contract
Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article 10 to be sold be under any obligation to ascertain or inquire into the authority of the Issuer Company or any other obligorPledgor, as applicable, to make any such sale or other transfer.
Appears in 1 contract
Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article 12 to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligorPledgor, as applicable, to make any such sale or other transfer.
Appears in 1 contract
Samples: Terra Capital Inc
Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Collateral Agent or the Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article X to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, Company to make any such sale or other transfer. SECTION 10.9.
Appears in 1 contract
Samples: Keystone Consolidated Industries Inc
Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder or under any of the Security Documents be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article Eleven to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicableCompany, to make any such sale or other transfer.
Appears in 1 contract
Samples: Exide Technologies
Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder or under any Security Document be bound to ascertain the authority of the Indenture Collateral Agent or the Trustee to execute the applicable release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article 12 to be sold be under any obligation to ascertain or inquire into the authority of the Issuer Company or any other obligor, as applicable, the applicable Guarantor to make any such sale or other transfer.
Appears in 1 contract
Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Collateral Agent or the Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article Ten to be sold be under any obligation to ascertain or inquire into the authority of the Issuer Company or any other obligorof its Subsidiaries, as applicable, to make any such sale or other transfer.
Appears in 1 contract
Samples: Doe Run Resources Corp
Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article 11 to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, to make any such sale or other transfer.
Appears in 1 contract
Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Collateral Agent or the Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article 11 to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, to make any such sale or other transfer.
Appears in 1 contract
Samples: Sorrento Therapeutics, Inc.
Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article Ten to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, Company to make any such sale or other transfer.
Appears in 1 contract
Samples: Renco Steel Holdings Inc
Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee Collateral Agent to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article VII to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, Grantor to make any such sale or other transfer.
Appears in 1 contract
Samples: Common Security and Intercreditor Agreement (Pioneer Companies Inc)
Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Senior Note Collateral Agent or the Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article 10 to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, Company to make any such sale or other transfer.
Appears in 1 contract
Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Collateral Agent or the Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article 16 to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, Company to make any such sale or other transfer.
Appears in 1 contract
Samples: Indenture (Endologix Inc /De/)
Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article 11 to be sold be under any obligation to ascertain or inquire into the authority of the Issuer Company or any other obligorPledgor, as applicable, to make any such sale or other transfer.
Appears in 1 contract
Samples: Indenture (Metal Management Inc)