Common use of The Debenture Holders Clause in Contracts

The Debenture Holders. Representative shall not be liable to the Issuer or any Debenture Holder by reason of having accepted as valid or not having rejected any Debenture Certificate purporting to be such and subsequently found to be forged, stolen or not authentic (other than for the gross negligence or willful misconduct or bad faith of the Debenture Holders' Representative, its directors, officers, employees or agents).

The Debenture Holders. Representative shall not be liable to the Issuer or any Debenture Holder by reason of having accepted as valid or not having rejected any Debenture Certificate purporting to be such and subsequently found to be forged, stolen or not authentic (other than for its failure to act in accordance with the gross negligence or willful misconduct or bad faith of the Debenture Holdersprofessional standard as can be reasonably expected from a person acting as a debenture holders' Representative, its directors, officers, employees or agentsrepresentative).

The Debenture Holders. Representative shall not be liable to the Issuer or any Debenture Holder by reason of having accepted as valid or not having rejected any Debenture Certificate purporting to be such and subsequently found to be forged, stolen or not authentic (other than for the gross negligence or willful wilful misconduct or bad faith of the Debenture Holders' Representative, its directors, officers, employees or agents).