Common use of Trustee Not Fiduciary for Holders Clause in Contracts

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

Appears in 2 contracts

Samples: Harborside Healthcare Corp, Harborside Healthcare Corp

AutoNDA by SimpleDocs

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

Appears in 1 contract

Samples: Applied Power Inc

Trustee Not Fiduciary for Holders. of the Guarantor's Senior Debt of a ----------------------------------------------------- GuarantorDebt. The Trustee shall not be deemed to owe any fiduciary or other duty --------- to the holders of the Guarantor's Senior Debt of a Guarantor and shall not be liable to any such holders or creditors if it shall mistakenly in good faith pay over or distribute to Securityholders Noteholders or to the relevant Guarantor or to any other PersonPerson cash, money property or assets securities to which any holders of the Guarantor's Senior Debt of such Guarantor shall be entitled by virtue of this Article XII or otherwise.

Appears in 1 contract

Samples: Indenture (Abn Amro Bank Nv)

Trustee Not Fiduciary for Holders. of Senior Debt of a ----------------------------------------------------- GuarantorOF SENIOR ------------------------------------------------------- INDEBTEDNESS. The Trustee shall not be deemed to owe any fiduciary or other duty --------- to the ------------ holders of Senior Debt of a Guarantor Indebtedness and shall not be liable to any such holders if it shall in good faith mistakenly pay over or distribute to Securityholders Holders of Notes or to the relevant Guarantor Company or to any other PersonPerson cash, money property or assets securities to which any holders of Senior Debt of such Guarantor Indebtedness shall be entitled by virtue of this Article XII 10 or otherwise.

Appears in 1 contract

Samples: Envirosource Inc

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

Appears in 1 contract

Samples: Indenture (Berry Plastics Holding Corp)

AutoNDA by SimpleDocs

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

Appears in 1 contract

Samples: Marson Creative Fastener Inc

Trustee Not Fiduciary for Holders. of Senior Debt of a ----------------------------------------------------- Guarantorsuch Subsidiary Guarantor . The Trustee shall not be deemed to owe any fiduciary or other duty --------- to the holders of Senior 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 Securityholders Holders of Securities or to the relevant Guarantor Company, a Subsidiary Guarantor, or to any other PersonPerson cash, money property or assets securities to which any holders of Senior Debt of such Subsidiary Guarantor shall be entitled by virtue of this Article XII or otherwise.

Appears in 1 contract

Samples: Natural Gas Services Group Inc

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