Common use of Trustee Not Bound to Act on Request Clause in Contracts

Trustee Not Bound to Act on Request. Except as in this agreement otherwise specifically provided, the Trustee shall not be bound to act in accordance with any direction or request of PTI Holdco and/or OSI or of the directors thereof until a duly authenticated copy of the instrument or resolution containing such direction or request shall have been delivered to the Trustee, and the Trustee shall be empowered to act and rely upon any such copy purporting to be authenticated and believed by the Trustee to be genuine.

Appears in 3 contracts

Samples: Voting and Exchange Trust Agreement (Oil States International Inc), Trust Agreement (Oil States International Inc), Combination Agreement (Oil States International Inc)

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Trustee Not Bound to Act on Request. Except as in this agreement otherwise specifically provided, the Trustee shall not be bound to act in accordance with any direction or request of PTI Holdco ITI and/or OSI EduTrek or of the directors thereof until a duly authenticated copy of the instrument or resolution containing such direction 97 or request shall have been delivered to the Trustee, and the Trustee shall be empowered to act and rely upon any such copy purporting to be authenticated and reasonably believed by the Trustee to be genuine.

Appears in 1 contract

Samples: Combination Agreement (Edutrek Int Inc)

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