Common use of Trustee and Other Agents Entitled to Assume Clause in Contracts

Trustee and Other Agents Entitled to Assume. Payments Not -------------------------------------------------------- Prohibited in Absence of Notice. -------------------------------- The Trustee and all other Agents shall not at any time be charged with knowledge of the existence of any facts which would prohibit the making of any payment to or by the Trustee unless and until a Trust Officer of the Trustee or any Paying Agent shall have actually received, no later than one Business Day prior to such payment, written notice thereof in compliance with Section 14.2 from the Company or from one or more holders of Senior Indebtedness or from any representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 7.1 and 7.2, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 1 contract

Samples: Halter Marine Group Inc

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Trustee and Other Agents Entitled to Assume. Payments Not -------------------------------------------------------- Prohibited in Absence of Notice. -------------------------------- ------------------------------- The Trustee and all other Agents shall not at any time be charged with knowledge of the existence of any facts which would prohibit the making of any payment to or by the Trustee unless and until a Trust Officer of the Trustee or any Paying Agent shall have actually received, no later than one Business Day prior to such payment, written notice thereof in compliance with Section 14.2 from the Company or from one or more holders of Senior Indebtedness or from any representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 7.1 and 7.2, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 1 contract

Samples: Data Processing Resources Corp

Trustee and Other Agents Entitled to Assume. Payments Not -------------------------------------------------------- Prohibited in Absence of Notice. -------------------------------- Guarantor shall give prompt written notice to the Trustee of any fact known to Guarantor which would prohibit the making of any payment to or by the Trustee in respect of the Securities. The Trustee and all other Agents shall not at any time be charged with knowledge of the existence of any facts which would prohibit the making of any payment to or by the Trustee unless and until a Trust Officer of the Trustee or any Paying Agent shall have actually received, no later than one Business Day prior to such payment, written notice thereof in compliance with Section 14.2 of the Indenture from the Company Guarantor or from one or more holders of Guarantor Senior Indebtedness Debt or from any representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 7.1 and 7.27.2 of the Indenture, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 1 contract

Samples: Arris Group Inc

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Trustee and Other Agents Entitled to Assume. Payments Not -------------------------------------------------------- Prohibited in Absence of Notice. -------------------------------- The Company shall give prompt written notice to the Trustee of any fact known to the Company which would prohibit the making of any payment to or by the Trustee in respect of the Securities. The Trustee and all other Agents shall not at any time be charged with knowledge of the existence of any facts which would prohibit the making of any payment to or by the Trustee unless and until a Trust Officer of the Trustee or any Paying Agent shall have actually received, no later than one Business Day prior to such payment, written notice thereof in compliance with Section 14.2 from the Company or from one or more holders of Senior Indebtedness or from any representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 7.1 and 7.2, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 1 contract

Samples: Antec Corp

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