Common use of Reliance upon Certificates of Company Clause in Contracts

Reliance upon Certificates of Company. Whenever in the administration of the trusts of this Agreement the Collateral Trustee shall deem it necessary or advisable that a matter be proved or established in connection with the taking of any action hereunder by the Collateral Trustee, such matter (unless other evidence in respect thereof be herein or in the Shared Security Documents specifically prescribed) may be deemed to be conclusively provided or established by a certificate of an officer of the Company delivered to the Collateral Trustee, and such officers’ certificate shall be full warranty to Collateral Trustee for any action taken, suffered or omitted in reliance thereon.

Appears in 2 contracts

Samples: Intercreditor and Collateral Trust Agreement (Midamerican Funding LLC), Intercreditor and Collateral Trust Agreement (Midamerican Energy Co)

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Reliance upon Certificates of Company. Whenever in the administration of the trusts of this Agreement the Collateral Trustee shall deem it necessary or advisable that a matter be proved or established in connection with the taking of any action hereunder by the Collateral Trustee, such matter (unless other evidence in respect thereof be herein or in the Shared Sharing Security Documents specifically prescribed) may be deemed to be conclusively provided or established by a certificate of an officer of the Company delivered to the Collateral Trustee, and such officers’ officer's certificate shall be full warranty to the Collateral Trustee for any action taken, suffered or omitted in reliance thereon.

Appears in 1 contract

Samples: Collateral Trust Agreement (Venoco, Inc.)

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Reliance upon Certificates of Company. Whenever in the administration of the trusts of this Agreement the Collateral Trustee shall deem it necessary or advisable that a matter be proved or established in connection with the taking of any action hereunder by the Collateral Trustee, such matter (unless other evidence in respect thereof be herein or in the Shared Sharing Security Documents specifically prescribed) may be deemed to be conclusively provided or established by a certificate of an officer of the Company delivered to the Collateral Trustee, and such officers' certificate shall be full warranty to Collateral Trustee for any action taken, suffered or omitted in reliance thereon.

Appears in 1 contract

Samples: Intercreditor and Collateral Trust Agreement (Solutia Inc)

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