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

Responsibility of Trustee for Conversion Provisions. The Trustee, subject to the provisions of Section 7.01, 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 Notes 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 Notes or property or cash upon the surrender of any Note for the purpose of conversion. Neither the Trustee nor any Conversion Agent shall be responsible for any failure of the Company to comply with any of the covenants of the Company contained in this Article.

Appears in 3 contracts

Samples: Indenture (Charter Communications Inc /Mo/), Indenture (Charter Communications Inc /Mo/), Charter Communications Inc /Mo/

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Responsibility of Trustee for Conversion Provisions. The Trustee, subject to the provisions of Section 7.01, Trustee and any Conversion Agent shall not at any time be under any duty or responsibility to any Holder of Notes Securities to determine whether any facts exist which may require any adjustment of the Conversion RatePrice, or with respect to the nature or extent of any such adjustment when made, or with respect to the method employed, or 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 Notes securities or property or cash, which may at any time be issued or delivered upon the conversion of any NoteSecurity; and it or they do not make any representation with respect thereto. Neither the Trustee Trustee, subject to the provisions of Section 6.1, 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 Notes securities or property or cash upon the surrender of any Note Security for the purpose of conversion. Neither ; and the Trustee nor 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.

Appears in 2 contracts

Samples: Indenture (Cypress Semiconductor Corp /De/), Indenture (Veritas Software Corp)

Responsibility of Trustee for Conversion Provisions. The Trustee, subject to the provisions of Section 7.01, Trustee and any Conversion Agent shall not at any time be under any duty or responsibility to any Holder of Notes Securities to determine whether any facts exist which may require any adjustment of the Conversion RatePrice, or with respect to the nature or extent of any such adjustment when made, or with respect to the method employed, or 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 Notes securities or property or cash, which may at any time be issued or delivered upon the conversion of any NoteSecurity; and it or they do not make any representation with respect thereto. Neither the Trustee Trustee, subject to the provisions of Section 6.01, 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 Notes securities or property or cash upon the surrender of any Note Security for the purpose of conversion. Neither ; and the Trustee nor 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.

Appears in 1 contract

Samples: Ventro Corp

Responsibility of Trustee for Conversion Provisions. The Trustee, subject to the provisions of Section 7.015.1, and any Conversion Agent shall not at any time be under any duty or responsibility to any Holder of Notes Securities 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, or whether a supplemental indenture need be entered into. Neither the Trustee Trustee, subject to the provisions of Section 5.1, nor any Conversion Agent shall be accountable with respect to the validity or value (or of the kind or amount) of any Common Stock, or of any other Notes or property or cashShares, which may at any time be issued or delivered upon the conversion of any NoteSecurity; and it or they do not make any representation with respect thereto. Neither the Trustee Trustee, subject to the provisions of Section 5.1, 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 stock or share certificates or other Notes securities or property or cash upon the surrender of any Note Security for the purpose of conversion. Neither ; and the Trustee nor Trustee, subject to the provisions of Section 5.1, and any Conversion Agent shall not be responsible or liable for any failure of the Company to comply with any of the covenants of the Company contained in this Article.. 77

Appears in 1 contract

Samples: Indenture (Foster Wheeler LTD)

Responsibility of Trustee for Conversion Provisions. The Trustee, subject to the provisions of Section 7.015.1, and any Conversion Agent shall not at any time be under any duty or responsibility to any Holder of Notes Securities 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, or whether a supplemental indenture need be entered into. Neither the Trustee Trustee, subject to the provisions of Section 5.1, nor any Conversion Agent shall be accountable with respect to the validity or value (or of the kind or amount) of any Common Stock, or of any other Notes or property or cash, which may at any time be issued or delivered upon the conversion of any NoteSecurity; and it or they do not make any representation with respect thereto. Neither the Trustee Trustee, subject to the provisions of Section 5.1, 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 stock or share certificates or other Notes securities or property or cash upon the surrender of any Note Security for the purpose of conversion. Neither ; and the Trustee nor Trustee, subject to the provisions of Section 5.1, and any Conversion Agent shall not be responsible or liable for any failure of the Company to comply with any of the covenants of the Company contained in this Article.

Appears in 1 contract

Samples: Indenture (First American Financial Corp)

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Responsibility of Trustee for Conversion Provisions. The Trustee, subject to the provisions of Section 7.01, Trustee and any Conversion Agent shall not at any time be under any duty or responsibility to any Holder of Notes Securities 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, or 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 Notes securities or property or cash, which may at any time be issued or delivered upon the conversion of any NoteSecurity; and it or they do not make any representation with respect thereto. Neither the Trustee Trustee, subject to the provisions of Section 6.01, 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 Notes securities or property or cash upon the surrender of any Note Security for the purpose of conversion. Neither ; and the Trustee nor 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.

Appears in 1 contract

Samples: Veritas Software Corp

Responsibility of Trustee for Conversion Provisions. The Trustee, subject to the provisions of Section 7.016.1, 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, or 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, subject to the Trustee nor any Conversion Agent provisions of Section 6.1, shall not be accountable with respect to the validity or value (or the kind or amount) of any Common Stock, or of any other Notes securities or property or cash, which may at any time be issued or delivered upon the conversion of any NoteSecurity; and it or they do not make any representation with respect thereto. Neither The Trustee, subject to the Trustee nor any Conversion Agent provisions of Section 6.1, shall not 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 Notes securities or property or cash upon the surrender of any Note Security for the purpose of conversion. Neither ; and the Trustee nor any Conversion Agent Trustee, subject to the provisions of Section 6.1, shall not be responsible for any failure of the Company to comply with any of the covenants of the Company contained in this Article.

Appears in 1 contract

Samples: Cuc International Inc /De/

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