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 (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 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 indebtedness shall be entitled by virtue of this Article 12 or otherwise.
Appears in 1 contract
Samples: Indenture (Diagnostic Pathology Management Services Inc)
Trustee Not Fiduciary for Holders. OF SENIOR INDEBTEDNESS OF A SUBSIDIARY GUARANTORof Senior Indebtedness of 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 1 contract
Samples: Indenture (Stone Energy Corp)
Trustee Not Fiduciary for Holders. OF SENIOR INDEBTEDNESS OF A SUBSIDIARY GUARANTORof Senior Indebtedness of --------------- Subsidiary Guarantors. ---------------------- The Trustee shall not be deemed to owe any fiduciary duty to the holders of any Subsidiary Guarantor's 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 any Subsidiary Guarantor or any other Person, money or assets to which any holders of such Subsidiary Guarantor's Senior Indebtedness of such Subsidiary Guarantor shall be entitled by virtue of this Article 12 Twelve or otherwise.
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Samples: Indenture (Applied Power Inc)
Trustee Not Fiduciary for Holders. OF SENIOR INDEBTEDNESS OF A SUBSIDIARY GUARANTOR------------------------------------------------------- INDEBTEDNESS. 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 in good faith mistakenly pay over or distribute to Holders of Notes or to the relevant Subsidiary Guarantor Company or to any other PersonPerson cash, money property or assets securities to which any holders of Senior Indebtedness of such Subsidiary Guarantor shall be entitled by virtue of this Article 12 10 or otherwise.
Appears in 1 contract
Samples: Indenture (Envirosource Inc)
Trustee Not Fiduciary for Holders. OF SENIOR INDEBTEDNESS OF A SUBSIDIARY GUARANTORof Senior Debt of such Subsidiary Guarantor . The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness Debt of a Subsidiary Guarantor and shall not be liable to any such holders if it shall in good faith mistakenly pay over or distribute to Holders of Securities or to the relevant Company, a Subsidiary Guarantor Guarantor, or to any other PersonPerson cash, money property or assets securities to which any holders of Senior Indebtedness Debt of such Subsidiary Guarantor shall be entitled by virtue of this Article 12 or otherwise.
Appears in 1 contract
Samples: Subordinated Indenture (Natural Gas Services Group Inc)
Trustee Not Fiduciary for Holders. OF SENIOR INDEBTEDNESS OF A SUBSIDIARY GUARANTORof Senior Indebtedness of 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 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 XV or otherwise.
Appears in 1 contract
