Common use of Trustee Not Bound to Act Clause in Contracts

Trustee Not Bound to Act. Except as in this Trust Indenture otherwise specifically provided, the Trustee shall not be bound to act in accordance with any direction or Request of the Corporation or of the Directors 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 upon any such copy purporting to be authenticated by the Trustee to be genuine.

Appears in 2 contracts

Samples: Trust Indenture (Surge Global Energy, Inc.), Trust Indenture (Surge Global Energy, Inc.)

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Trustee Not Bound to Act. Except as in this Trust Indenture otherwise specifically provided, the Trustee shall not be bound to act in accordance with any direction or Request request of the Corporation or of the Directors until a duly authenticated copy of the instrument or Resolution 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 2 contracts

Samples: Trust Indenture (NexGen Energy Ltd.), Trust Indenture (NexGen Energy Ltd.)

Trustee Not Bound to Act. Except as in this Trust Indenture otherwise specifically provided, the Trustee shall not be bound to act in accordance with any direction or Request request of the Corporation or of the Directors Authorized Officers until a duly authenticated copy of the instrument or Resolution resolution containing such direction or request shall have been delivered to the Trustee, Trustee and the Trustee shall be empowered to act upon any such copy purporting to be authenticated and believed by the Trustee to be genuine.

Appears in 1 contract

Samples: Trust Indenture (Sr Telecom Inc)

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Trustee Not Bound to Act. (a) Except as in this Trust Indenture otherwise specifically provided, the Trustee shall not be bound to act in accordance with any direction or Request request of the Corporation or of the Directors until a duly authenticated copy of the instrument or Resolution 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. (b) [Intentionally Deleted]

Appears in 1 contract

Samples: Trust Indenture (NexGen Energy Ltd.)

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