Common use of Trustee and Securities Administrator to Sign Amendments, etc Clause in Contracts

Trustee and Securities Administrator to Sign Amendments, etc. The Trustee and the Securities Administrator shall sign any supplemental indenture authorized pursuant to this Article Eight if the supplemental indenture does not adversely affect the applicable rights, duties, liabilities or immunities of the Trustee or the Securities Administrator. If it does, the Trustee or the Securities Administrator, as applicable, may, but need not, sign it. In signing or refusing to sign such supplemental indenture, the Trustee and the Securities Administrator shall receive, and subject to Section 6.01, shall be fully protected in conclusively relying upon, an Opinion of Counsel and an Officers’ Certificate, as conclusive evidence that all conditions precedent to such supplemental indenture have been complied with, that such supplemental indenture is authorized or permitted by this Indenture, that it is not inconsistent herewith, and that it will be valid and binding upon the Company and each Guarantor, if any, in accordance with its terms.

Appears in 4 contracts

Samples: Indenture (Nabors Industries Inc), Indenture (Nabors Industries Inc), Indenture (Nabors Industries LTD)

AutoNDA by SimpleDocs

Trustee and Securities Administrator to Sign Amendments, etc. The Trustee and the Securities Administrator shall sign any supplemental indenture authorized pursuant to this Article Eight VIII if the supplemental indenture does not adversely affect the applicable rights, duties, liabilities or immunities of the Trustee or the Securities Administrator, as the case may be. If it does, the Trustee or the Securities Administrator, as applicable, may, but need not, sign it. In signing or refusing to sign such supplemental indenture, the Trustee and the Securities Administrator shall receive, and subject to Section 6.01, shall be fully protected in conclusively relying upon, an Opinion of Counsel and an Officers’ Officer’s Certificate, as conclusive evidence that all conditions precedent to such supplemental indenture have been complied with, that such supplemental indenture is authorized or permitted by this Indenture, that it is not inconsistent herewith, and that it will be valid and binding upon the Company and each Guarantor, if any, the Guarantor in accordance with its terms.

Appears in 3 contracts

Samples: Indenture (Nabors Industries LTD), Indenture (Nabors Industries LTD), Indenture (Nabors Industries LTD)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!