Common use of Responsibility of Trustee and Conversion Agent for Conversion Provisions Clause in Contracts

Responsibility of Trustee and Conversion Agent for Conversion Provisions. The Trustee and any Conversion Agent shall not at any time be under any duty or responsibility to any Holder of Notes to determine whether any facts exist which may require any adjustment of the Conversion Rate, or with respect to the nature or extent of any such adjustment when made, or with respect to the method employed, herein or in any supplemental indenture provided to be employed, in making the same, or whether a supplemental indenture need be entered into. Neither the Trustee nor any Conversion Agent shall be accountable with respect to the validity or value (or the kind or amount) of any Common Stock, or of any other securities or property or cash, which may at any time be issued or delivered upon the conversion of any Note; and it or they do not make any representation with respect thereto. Neither the Trustee nor any Conversion Agent shall be responsible for any failure of the Company to make or calculate any cash payment or to issue, transfer or deliver any shares of Common Stock or share certificates or other securities or property or cash upon the surrender of any Note for the purpose of conversion; and the Trustee and any Conversion Agent shall not be responsible for any failure of the Company to comply with any of the covenants of the Company contained in this Article 6.

Appears in 5 contracts

Samples: Indenture (Ciena Corp), Indenture (Ciena Corp), Indenture (Ciena Corp)

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Responsibility of Trustee and Conversion Agent for Conversion Provisions. The Trustee and any Conversion Agent shall not at any time be under any duty or responsibility to any Holder of Notes to determine whether any facts exist which may require any adjustment of the Conversion Rate, or with respect to the nature or extent of any such adjustment when made, or with respect to the method employed, herein or in any supplemental indenture provided to be employed, in making the same, or whether a supplemental indenture need be entered into. Neither the Trustee nor any Conversion Agent shall be accountable with respect to the validity or value (or the kind or amount) of any Common Stock, or of any other securities or property or cash, which may at any time be issued or delivered upon the conversion of any Note; and it or they do not make any representation with respect thereto. Neither the Trustee nor any Conversion Agent shall be responsible for any failure of the Company to make or calculate any cash payment or to issue, transfer or deliver any shares of Common Stock or share certificates or other securities or property or cash upon the surrender of any Note for the purpose of conversion; and the Trustee and any Conversion Agent shall not be responsible for any failure of the Company to comply with any of the covenants of the Company contained in this Article 6VI.

Appears in 4 contracts

Samples: Indenture (Ciena Corp), Indenture (Ciena Corp), First Supplemental Indenture (Global Crossing LTD)

Responsibility of Trustee and Conversion Agent for Conversion Provisions. The Trustee and any Conversion Agent shall not at any time be under any duty or responsibility to any Holder of Notes to determine whether any facts exist which may require any adjustment of the Conversion Rate, or with respect to the nature or extent of any such adjustment when made, or with respect to the method employed, herein or in any supplemental indenture provided to be employed, in making the same, or whether a supplemental indenture need be entered into. Neither the Trustee nor any Conversion Agent shall be accountable with respect to the validity or value (or the kind or amount) of any Common Stock, or of any other securities or property or cash, which may at any time be issued or delivered upon the conversion of any Note; Note and it or they do not make any representation with respect thereto. Neither the Trustee nor any Conversion Agent shall be responsible for any failure of the Company to make or calculate any cash payment or to issue, transfer or deliver any shares of Common Stock or share certificates or other securities or property or cash upon the surrender of any Note for the purpose of conversion; and the Trustee and any Conversion Agent shall not be responsible for any failure of the Company to comply with any of the covenants of the Company contained in this Article 6VI.

Appears in 1 contract

Samples: Indenture (Stillwater Mining Co /De/)

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Responsibility of Trustee and Conversion Agent for Conversion Provisions. The Trustee Trustee, subject to the provisions of Section 5.01 of the Base Indenture, and any Conversion Agent shall not at any time be under any duty or responsibility to any Holder of Notes Debentures to determine whether any facts exist which may require any adjustment of the Conversion RatePrice, or with respect to the nature or extent intent of any such adjustment adjustments when made, or with respect to the method employed, or herein or in any supplemental indenture provided to be employed, in making the same, same or whether a supplemental indenture need be entered intowith respect to the accuracy of any calculation made by the Issuer in respect thereof. Neither the Trustee Trustee, subject to the provisions of Section 5.01 of the Base Indenture, nor any Conversion Agent shall be accountable with respect to the validity or value (or of the kind or amount) of any Common StockADSs or Ordinary Shares, or of any other securities or property or cashproperty, which may at any time be issued or delivered upon the conversion of any NoteDebenture; and it or they do not make any representation with respect thereto. Neither the Trustee Trustee, subject to the provisions of Section 5.01 of the Base Indenture, nor any Conversion Agent shall be responsible for any failure of the Company Issuer to make or calculate any cash payment or to issue, transfer or deliver any shares of Common Stock stock or share certificates or other securities or property or cash upon the surrender of any Note Debenture for the purpose of conversion; and the Trustee Trustee, subject to the provisions of Section 5.01 of the Base Indenture, and any Conversion Agent shall not be responsible for making any calculations hereunder or be responsible or liable for any failure of the Company Issuer to comply with any of the covenants of the Company Issuer contained in this Article 65.

Appears in 1 contract

Samples: First Supplemental Senior Indenture (Amarin Corp Plc\uk)

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