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

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 a Subsidiary Guarantor and shall not be liable to any such holders if it shall mistakenly pay over or distribute to Holders or the relevant Subsidiary Guarantor or any other Person, money or assets to which any holders of Senior Indebtedness of such Subsidiary Guarantor shall be entitled by virtue of this Article 12 or otherwise.

Appears in 2 contracts

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

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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 a Subsidiary Guarantor and shall not be liable to any such holders if it shall mistakenly pay over or distribute to Holders Securityholders or the relevant Subsidiary Guarantor or any other Person, money or assets to which any holders of 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), Indenture (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 a Subsidiary Guarantor and shall not be liable to any such holders if it shall mistakenly pay over or distribute to Holders Noteholders or the relevant Subsidiary Guarantor or any other Person, money or assets to which any holders of Senior Indebtedness of such Subsidiary Guarantor shall be entitled by virtue of this Article 12 18 or otherwise.

Appears in 2 contracts

Samples: Indenture (Alliant Techsystems Inc), Indenture (Alliant Techsystems Inc)

Trustee Not Fiduciary for Holders of Senior. Indebtedness of a Subsidiary GuarantorINDEBTEDNESS OF A SUBSIDIARY GUARANTOR. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness of a Subsidiary Guarantor and shall not be liable to any such holders if it shall mistakenly pay over or distribute to Holders Securityholders or the relevant Subsidiary Guarantor or any other Person, money or assets to which any holders of 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), Indenture (Argo Tech Corp)

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 a any Subsidiary Guarantor and shall not be liable to any such holders if it shall mistakenly pay over or distribute to Holders Securityholders or the relevant Subsidiary Guarantor Company 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 (DR Sales Inc), Indenture (Glenoit Asset Corp)

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 a Subsidiary Guarantor and shall not be liable to any such holders if it shall mistakenly pay over or distribute to Holders or the relevant Subsidiary Guarantor or any other Person, money or assets to which any holders of Senior Indebtedness of such Subsidiary Guarantor shall be entitled by virtue of this Article 12 or otherwise.

Appears in 1 contract

Samples: Indenture (Armkel LLC)

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

Appears in 1 contract

Samples: Indenture (Richmont Marketing Specialists 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 a any Subsidiary Guarantor and shall not be liable to any such holders if it shall mistakenly pay over or distribute to Holders Securityholders or the relevant Subsidiary Guarantor Issuer 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 3 or otherwise.

Appears in 1 contract

Samples: Subsidiary Guaranty Agreement (Chippac LTD)

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 a Subsidiary Guarantor and shall not be liable to any such holders if it shall mistakenly pay over or distribute to Holders Noteholders or the relevant Subsidiary Guarantor or any other Person, money or assets to which any holders of 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)

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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 a any Subsidiary Guarantor and shall not be liable to any such holders if of it shall mistakenly pay over or distribute to Holders Securityholders or the relevant Subsidiary Guarantor Company 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 (Delco Remy International 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 a any Subsidiary Guarantor and shall not be liable to any such holders if it shall mistakenly pay over or distribute to Holders or Noteholders, the relevant Company, such Subsidiary Guarantor or any other Person, money or assets to which any holders of Senior Indebtedness of such Subsidiary Guarantor shall be entitled by virtue of this Article 12 or otherwise.

Appears in 1 contract

Samples: Indenture (Iron Age Corp)

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 a Subsidiary Guarantor and shall not be liable to any such holders if it shall mistakenly pay over or distribute to Holders Securityholders or the relevant Subsidiary Guarantor or any other Person, money or assets to which any holders of Senior Indebtedness of such Subsidiary Guarantor shall be entitled by virtue of this Article 12 or otherwise.

Appears in 1 contract

Samples: Indenture (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 a Subsidiary Guarantor and shall not be liable to any such holders if it shall mistakenly pay over or distribute to Holders Securityholders or the relevant Subsidiary Guarantor or any other Person, money or assets to which any holders of Senior Indebtedness of such Subsidiary Guarantor shall be entitled by virtue of this Article 12 XII or otherwise.

Appears in 1 contract

Samples: Indenture (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 a Subsidiary Guarantor and shall not be liable to any such holders if it shall mistakenly pay over or distribute to Holders Securityholders or the relevant Subsidiary Guarantor or any other Person, money or assets to which any holders of Senior Indebtedness of such Subsidiary Guarantor shall be entitled by virtue of this Article 12 XII or otherwise.

Appears in 1 contract

Samples: Indenture (Peninsula Cellular Services Inc)

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