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

Trustee Not Fiduciary for Holders of Senior. Indebtedness of Note Guarantors. The Trustee shall not be deemed to owe any ------------------------------- fiduciary duty to the holders of Senior Indebtedness of any Note Guarantor and shall not be liable to any such holders if it shall mistakenly pay over or distribute to Noteholders 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 XII or otherwise. -----------

Appears in 1 contract

Samples: Indenture (Global Imaging Systems Inc)

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

Appears in 1 contract

Samples: Indenture (Commercial Aggregates Transportation & Sales LLC)

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

Appears in 1 contract

Samples: American Media Operations Inc

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

Appears in 1 contract

Samples: Supplemental Indenture (Sea Coast Foods, Inc.)

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