Common use of Trustee Not Fiduciary for Holders of Senior Clause in Contracts

Trustee Not Fiduciary for Holders of Senior. Indebtedness of Subsidiary Guarantor. The Trustee shall not be deemed to owe ------------------------------------- any fiduciary duty to the holders of Senior Indebtedness of any Subsidiary Guarantor and shall not be liable to any such holders if it shall mistakenly pay over or distribute to Securityholders or the Company or any other Person, money or assets to which any holders of such Senior Indebtedness shall be entitled by virtue of this Article 12 or otherwise.

Appears in 2 contracts

Samples: Indenture (Glenoit Asset Corp), Indenture (DR Sales Inc)

AutoNDA by SimpleDocs

Trustee Not Fiduciary for Holders of Senior. Indebtedness of a Subsidiary Guarantor. The Trustee shall not be deemed to owe ------------------------------------- any fiduciary duty to the holders of Senior Indebtedness of any a Subsidiary Guarantor and shall not be liable to any such holders if it shall mistakenly pay over or distribute to Securityholders Holders or the Company relevant Subsidiary Guarantor or any other Person, money or assets to which any holders of such Senior Indebtedness of such Subsidiary Guarantor shall be entitled by virtue of this Article 12 or otherwise.

Appears in 2 contracts

Samples: Supplemental Indenture (Dex Media International Inc), Supplemental Indenture (Dex Media Inc)

Trustee Not Fiduciary for Holders of Senior. Indebtedness of a Subsidiary Guarantor. The Trustee shall not be deemed to owe ------------------------------------- any fiduciary duty to the holders of Senior Indebtedness of any a Subsidiary Guarantor and shall not be liable to any such holders if it shall mistakenly pay over or distribute to Securityholders Noteholders or the Company relevant Subsidiary Guarantor or any other Person, money or assets to which any holders of such Senior Indebtedness of such Subsidiary Guarantor shall be entitled by virtue of this Article 12 18 or otherwise.

Appears in 2 contracts

Samples: Registration Rights Agreement (Alliant Techsystems Inc), Registration Rights Agreement (Alliant Techsystems Inc)

Trustee Not Fiduciary for Holders of Senior. Indebtedness of a Subsidiary Guarantor. The Trustee shall not be deemed to owe ------------------------------------- --------------------------------------- any fiduciary duty to the holders of Senior Indebtedness of any a Subsidiary Guarantor and shall not be liable to any such holders if it shall mistakenly pay over or distribute to Securityholders or the Company relevant Subsidiary Guarantor or any other Person, money or assets to which any holders of such Senior Indebtedness of such Subsidiary Guarantor shall be entitled by virtue of this Article 12 or otherwise.

Appears in 2 contracts

Samples: Indenture (Telecorp PCS Inc), Telecorp Tritel Holding Co

Trustee Not Fiduciary for Holders of Senior. Indebtedness of Subsidiary GuarantorINDEBTEDNESS OF A SUBSIDIARY GUARANTOR. The Trustee shall not be deemed to owe ------------------------------------- any fiduciary duty to the holders of Senior Indebtedness of any a Subsidiary Guarantor and shall not be liable to any such holders if it shall mistakenly pay over or distribute to Securityholders or the Company relevant Subsidiary Guarantor or any other Person, money or assets to which any holders of such Senior Indebtedness of such Subsidiary Guarantor shall be entitled by virtue of this Article 12 or otherwise.

Appears in 2 contracts

Samples: Indenture (Ta Operating Corp), Argo Tech Corp

Trustee Not Fiduciary for Holders of Senior. Indebtedness of Subsidiary Guarantor. The Trustee shall not be deemed to owe ------------------------------------- any ------------------------------------ fiduciary duty to the holders of Senior Indebtedness of any Subsidiary Guarantor and shall not be liable to any such holders if of it shall mistakenly pay over or distribute to Securityholders or the Company or any other Person, money or assets to which any holders of such Senior Indebtedness shall be entitled by virtue of this Article 12 or otherwise.

Appears in 1 contract

Samples: Delco Remy International Inc

Trustee Not Fiduciary for Holders of Senior. Indebtedness of Subsidiary Guarantor. The Trustee shall not be deemed to owe ------------------------------------- any fiduciary duty to the holders of Senior Indebtedness of any Subsidiary Guarantor and shall not be liable to any such holders if it shall mistakenly pay over or distribute to Securityholders or the Company Issuer or any other Person, money or assets to which any holders of such Senior Indebtedness shall be entitled by virtue of this Article 12 3 or otherwise.

Appears in 1 contract

Samples: Subsidiary Guaranty Agreement (Chippac LTD)

Trustee Not Fiduciary for Holders of Senior. Indebtedness of Subsidiary Guarantor. The Trustee shall not be deemed to owe ------------------------------------- any ------------------------------------ fiduciary duty to the holders of Senior Indebtedness of any Subsidiary Guarantor and shall not be liable to any such holders if it shall mistakenly pay over or distribute to Securityholders or Noteholders, the Company Company, such Subsidiary Guarantor or any other Person, money or assets to which any holders of such Senior Indebtedness of such Subsidiary Guarantor shall be entitled by virtue of this Article 12 or otherwise.

Appears in 1 contract

Samples: Iron Age Corp

Trustee Not Fiduciary for Holders of Senior. Indebtedness of Subsidiary a Guarantor. The Trustee shall not be deemed to owe ------------------------------------- any fiduciary duty to the holders of Senior Indebtedness of any Subsidiary a Guarantor and shall not be liable to any such holders if it shall mistakenly pay over or distribute to Securityholders or the Company relevant Guarantor or any other Person, money or assets to which any holders of such Senior Indebtedness of such Guarantor shall be entitled by virtue of this Article 12 XII or otherwise.

Appears in 1 contract

Samples: Peninsula Cellular Services Inc

AutoNDA by SimpleDocs

Trustee Not Fiduciary for Holders of Senior. Indebtedness of ----------------------------------------------------------- a Subsidiary Guarantor. The Trustee shall not be deemed to owe ------------------------------------- any fiduciary ---------------------- duty to the holders of Senior Indebtedness of any a Subsidiary Guarantor and shall not be liable to any such holders if it shall mistakenly pay over or distribute to Securityholders Noteholders or the Company relevant Subsidiary Guarantor or any other Person, money or assets to which any holders of such Senior Indebtedness of such Subsidiary Guarantor shall be entitled by virtue of this Article 12 or otherwise.

Appears in 1 contract

Samples: Indenture (Wki Holding Co Inc)

Trustee Not Fiduciary for Holders of Senior. Indebtedness of Subsidiary Guarantora Guarantor Subsidiary. The Trustee shall not be deemed to owe ------------------------------------- any fiduciary duty to the holders of Senior Indebtedness of any a Guarantor Subsidiary Guarantor and shall not be liable to any such holders if it shall mistakenly pay over or distribute to Securityholders or the Company relevant Guarantor Subsidiary or any other Person, money or assets to which any holders of such Senior Indebtedness of such Guarantor Subsidiary shall be entitled by virtue of this Article 12 XII or otherwise.

Appears in 1 contract

Samples: Richmont Marketing Specialists Inc

Trustee Not Fiduciary for Holders of Senior. Indebtedness of Subsidiary a Guarantor. The Trustee shall not be deemed to owe ------------------------------------- any ---------------------------- fiduciary duty to the holders of Senior Indebtedness of any Subsidiary a Guarantor and shall not be liable to any such holders if it shall mistakenly pay over or distribute to Securityholders or the Company relevant Guarantor or any other Person, money or assets to which any holders of such Senior Indebtedness of such Guarantor shall be entitled by virtue of this Article 12 XII or otherwise.

Appears in 1 contract

Samples: Eagle Family Foods Inc

Trustee Not Fiduciary for Holders of Senior. Indebtedness of a Subsidiary Guarantor. The Trustee shall not be deemed to owe ------------------------------------- -------------------------------------- any fiduciary duty to the holders of Senior Indebtedness of any a Subsidiary Guarantor and shall not be liable to any such holders if it shall mistakenly pay over or distribute to Securityholders or the Company relevant Subsidiary Guarantor or any other Person, money or assets to which any holders of such Senior Indebtedness of such Subsidiary Guarantor shall be entitled by virtue of this Article 12 or otherwise.

Appears in 1 contract

Samples: Telecorp Tritel Holding Co

Trustee Not Fiduciary for Holders of Senior. Indebtedness of a Subsidiary Guarantor. The Trustee shall not be deemed to owe ------------------------------------- -------------------------------------- any fiduciary duty to the holders of Senior Indebtedness of any a Subsidiary Guarantor and shall not be liable to any such holders if it shall mistakenly pay over or distribute to Securityholders Holders or the Company relevant Subsidiary Guarantor or any other Person, money or assets to which any holders of such Senior Indebtedness of such Subsidiary Guarantor shall be entitled by virtue of this Article 12 or otherwise.

Appears in 1 contract

Samples: Armkel LLC

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