Common use of Trustee Entitled to Assume Payments Clause in Contracts

Trustee Entitled to Assume Payments. Not Prohibited in Absence of Notice. The Trustee 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 received, no later than one Business Day prior to such payment, written notice thereof 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 3 contracts

Samples: Indenture (Transamerican Refining Corp), Indenture (Smartalk Teleservices Inc), Transamerican Refining Corp

AutoNDA by SimpleDocs

Trustee Entitled to Assume Payments. Not Prohibited in Absence of Notice. The Trustee shall not at any time be charged with knowledge of the existence of any facts which that 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 received, no later than one Business Day prior to such payment, written received notice thereof from the Company or any Subsidiary Guarantor or from one or more holders of Guarantor Senior Indebtedness or from any representative Representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 7.1 7.01 and 7.27.02, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 2 contracts

Samples: Safety Components Fabric Technologies Inc, Atc Group Services Inc /De/

Trustee Entitled to Assume Payments. Not Prohibited in Absence of Notice. The Trustee 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 received, no later than one three Business Day Days prior to such payment, written notice thereof 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 7.27.2 of the Indenture, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 2 contracts

Samples: Supplemental Indenture (Jp Foodservice Inc), Supplemental Indenture (Jp Foodservice Inc)

Trustee Entitled to Assume Payments. Not Prohibited in Absence of Notice. The Trustee shall not at any time be charged with knowledge of the existence of any facts which that would prohibit the making of any payment to or by the Trustee unless and until a Trust Responsible Officer of the Trustee or any Paying Agent shall have received, no later than one two Business Day Days prior to such that payment, written notice thereof from the Company or from one or more holders of Senior Indebtedness of the Company 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 7.01 and 7.27.02, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 2 contracts

Samples: Eap Energy Inc, Encore Operating Louisiana, LLC

Trustee Entitled to Assume Payments. Not Prohibited in Absence of Notice. The Trustee 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 received, no later than one Business Day prior to such payment, written notice thereof 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 7.01 and 7.27.02, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 2 contracts

Samples: Price Communications Wireless Inc, Price Communications Corp

Trustee Entitled to Assume Payments. Not Prohibited in Absence of Notice. The Trustee shall not at any time be charged with knowledge of the existence of any facts which that would prohibit the making of any payment to or by the Trustee unless and until a Trust Responsible Officer of the Trustee or any Paying Agent shall have received, no later than one two Business Day Days prior to such that payment, written notice thereof 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 10.01 and 7.210.03, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 2 contracts

Samples: Indenture (Maverick Tube Corporation), Maverick Tube Corporation

Trustee Entitled to Assume Payments. Not Prohibited in Absence of Notice. The Trustee 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 receivedreceived at its address set forth in, or established in accordance with, Section 13.2, no later than one Business Day prior to such payment, written notice thereof from the Company or from one or more holders of 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 7.2, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 1 contract

Samples: Quality Food Centers Inc

Trustee Entitled to Assume Payments. Not Prohibited in Absence of Notice. The Trustee shall not at any time be charged with knowledge of the existence of any facts which that would prohibit the making of any payment to or by the Trustee unless and until a Trust Responsible Officer of the Trustee or any Paying Agent shall have received, no later than one two Business Day Days prior to such that payment, written notice thereof from the Company or from one or more holders of Senior Indebtedness of the Company or from any representative therefor therefor, and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 7.1 7.01 and 7.27.02, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 1 contract

Samples: Nuveen Investments Inc

AutoNDA by SimpleDocs

Trustee Entitled to Assume Payments. Not Prohibited in Absence of Notice. The Trustee 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 received, no later than one two Business Day Days prior to such payment, written notice thereof from the Company Issuers or from one or more holders of 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 7.2, shall be entitled in all respects conclusively to assume that no such fact exists. The Issuers shall give prompt written notice to the Trustee of any fact actually known to the Issuers which would prohibit the making of any payment to or by the Trustee in respect of the Securities.

Appears in 1 contract

Samples: Ggri Inc

Trustee Entitled to Assume Payments. Not Prohibited in In Absence of Notice. The Trustee shall not at any time be charged with knowledge of the existence of any facts which that 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 received, no later than one Business Day prior to such payment, written received notice thereof from the Company or any Subsidiary Guarantor or from one or more holders of Guarantor Senior Indebtedness Debt or from any representative Representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 7.1 7.01 and 7.27.02, shall be entitled in all respects conclusively to assume that no such fact exists. Section 12.07.

Appears in 1 contract

Samples: Sitel Corp

Trustee Entitled to Assume Payments. Not Prohibited in Absence of Notice. The Trustee 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 having direct responsibility for the administration of the Trustee this Indenture or any Paying Agent shall have received, no later than one Business Day prior to such payment, written notice thereof 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: Sunrise Assisted Living Inc

Trustee Entitled to Assume Payments. Not Prohibited in Absence of Notice. -------------------------------- The Trustee shall not at any time be charged with knowledge of the existence of any facts which that 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 received, no later than one Business Day prior to such payment, written received notice thereof from the Company or any Subsidiary Guarantor or from one or more holders of Guarantor Senior Indebtedness or from any representative Representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 7.1 7.01 and 7.27.02, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 1 contract

Samples: Armstrong Containers Inc

Trustee Entitled to Assume Payments. Not Prohibited in Absence of Notice. The Trustee shall not at any time be charged with knowledge of the existence of any facts which that would prohibit the making of any payment to or by the Trustee unless and until a Trust Officer responsible officer of the Trustee or any Paying Agent shall have received, no later than one two Business Day Days prior to such payment, written notice thereof 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 7.01 and 7.27.02, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 1 contract

Samples: Indenture (Krug International Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.