Common use of Trustee Entitled to Assume 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 that would prohibit the making of any payment to or by the Trustee unless and until the Trustee or any Paying Agent shall have received notice thereof from the Company or any Guarantor or from one or more holders of Guarantor Senior Debt or from any Representative therefor and, prior to the receipt of any such notice, the Trustee, subject to the provisions of Sections 7.01 and 7.02, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 1 contract

Samples: Tioxide Americas 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 that would prohibit the making of any payment to or by the Trustee unless and until the Trustee or any Paying Agent shall have received notice thereof from the Company or any Guarantor or from one or more holders of Guarantor Senior Debt Indebtedness or from any Representative therefor and, prior to the receipt of any such notice, the Trustee, subject to the provisions of Sections 7.01 8.01 and 7.028.02, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 1 contract

Samples: Smiths Food & Drug 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 that would prohibit the making of any payment to or by the Trustee unless and until the Trustee or any Paying Agent shall have received notice thereof from the Company or any Subsidiary Guarantor or from one or more holders of Guarantor Senior Debt Indebtedness or from any Representative therefor and, prior to the receipt of any such notice, the Trustee, subject to the provisions of Sections 7.01 and 7.02, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 1 contract

Samples: Sickinger Co

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 that would prohibit the making of any payment to or by the Trustee unless and until the Trustee or any Paying Agent shall have received notice thereof from the Company or any Guarantor or from one or more holders of Guarantor Senior Debt or from any Representative therefor and, prior to the receipt of any such notice, the Trustee, subject to the provisions of Sections 7.01 and 7.02, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 1 contract

Samples: T Sf 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 that would prohibit the making of any payment to or by the Trustee unless and until the Trustee or any Paying Agent shall have received notice thereof from the Company or any Guarantor or from one or more holders of Guarantor Senior Debt or from any Representative therefor and, prior to the receipt of any such notice, the Trustee, subject to the provisions of Sections 7.01 8.1 and 7.028.2, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 1 contract

Samples: Indenture (Metals Usa 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 that would prohibit the making of any payment to or by the Trustee unless and until the Trustee or any Paying Agent shall have received notice thereof from the Company or any Subsidiary Guarantor or from one or more holders of Guarantor Senior Debt Indebtedness or from any Representative therefor therefore and, prior to the receipt of any such notice, the Trustee, subject to the provisions of Sections 7.01 8.1 and 7.028.2, shall be entitled in all respects conclusively to assume (in the absence of actual knowledge to the contrary) that no such fact exists.

Appears in 1 contract

Samples: Indenture (RSC Duval 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 that would prohibit the making of any payment to or by the Trustee unless and until the Trustee or any Paying Agent shall have received written notice thereof from the Company or any Guarantor or from one or more holders of Guarantor Senior Debt Indebtedness or from any Representative therefor and, prior to the receipt of any such notice, the Trustee, subject to the provisions of Sections 7.01 8.01 and 7.028.02, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 1 contract

Samples: Smiths Food & Drug Centers Inc

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