Common use of Trustee Not Liable for Recitals in Indenture or in Debt Securities Clause in Contracts

Trustee Not Liable for Recitals in Indenture or in Debt Securities. The recitals contained herein, in the Debt Securities (except the Trustee’s certificate of authentication) shall be taken as the statements of the Company, and the Trustees assume no responsibility for the correctness of the same. The Trustees make no representations as to the validity or sufficiency of this Indenture or of the Debt Securities of any series, except that each Trustee represents that it is duly authorized to execute and deliver this Indenture, authenticate the Debt Securities, as applicable, and perform its obligations hereunder, and that, for the U.S. Trustee, the statements made by it or to be made by it in a Statement of Eligibility and Qualification on Form T-1 or Form T-3 supplied to the Company are true and accurate. The Trustees shall not be accountable for the use or application by the Company of any of the Debt Securities or of the proceeds thereof. A U.S. Trustee that has resigned or was removed shall remain subject to Section 311(a) of the Trust Indenture Act to the extent provided therein.

Appears in 2 contracts

Samples: Indenture (Dirtt Environmental Solutions LTD), Dirtt Environmental Solutions LTD

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Trustee Not Liable for Recitals in Indenture or in Debt Securities. The recitals contained herein, herein and in the Debt Securities (except the Trustee’s 's certificate of authentication) shall be taken as the statements of the Company, and the Trustees assume Trustee assumes no responsibility for the correctness of the same. The Trustees make Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Debt Securities of any series, except that each the Trustee represents that it is duly authorized to execute and deliver this Indenture, authenticate the Debt Securities, as applicable, Securities and perform its obligations hereunder, and that, for the U.S. Trustee, that the statements made by it or to be made by it in a Statement of Eligibility and Qualification on Form T-1 or Form T-3 supplied to the Company are true and accurate. The Trustees Trustee shall not be accountable for the use or application by the Company of any of the Debt Securities or of the proceeds thereof. A U.S. The Trustee that has resigned shall not be charged with knowledge of any Default or was removed shall remain subject to Section 311(a) Event of Default hereunder unless an officer of the Trust Indenture Act Trustee assigned to and working in its corporate trust office shall have actual knowledge thereof or unless notice thereof shall have been given to the extent provided thereinTrustee in accordance with Section 13.03 by the Company or any Holder.

Appears in 2 contracts

Samples: Unit Corp, Unit Corp

Trustee Not Liable for Recitals in Indenture or in Debt Securities. The recitals contained herein, herein and in the Debt Securities (except the Trustee’s certificate of authentication) shall be taken as the statements of the Company, and the Trustees assume Trustee assumes no responsibility for the correctness of the same. The Trustees make Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Debt Securities of any series, except that each the Trustee represents that it is duly authorized to execute and deliver this Indenture, authenticate the Debt Securities, as applicable, Securities and perform its obligations hereunder, and that, for the U.S. Trustee, that the statements made by it or to be made by it in a Statement of Eligibility and Qualification on Form T-1 or Form T-3 supplied to the Company are true and accurate. The Trustees Trustee shall not be accountable for the use or application by the Company of any of the Debt Securities or of the proceeds thereof. A U.S. The Trustee that has resigned shall not be charged with knowledge of any Default or was removed shall remain subject to Section 311(a) Event of Default hereunder unless an officer of the Trust Indenture Act Trustee assigned to and working in its corporate trust office shall have actual knowledge thereof or unless notice thereof shall have been given to the extent provided thereinTrustee in accordance with Section 13.03 by the Company or any Holder.

Appears in 1 contract

Samples: Unit Corp

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Trustee Not Liable for Recitals in Indenture or in Debt Securities. The recitals contained herein, herein and in the Debt Securities (except the Trustee’s certificate of authentication) shall be taken as the statements of the Company, and the Trustees assume Trustee assumes no responsibility for the correctness of the same. The Trustees make Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Debt Securities of any series, except that each the Trustee represents that it is duly authorized to execute and deliver this Indenture, authenticate the Debt Securities, as applicable, Securities and perform its obligations hereunder, and that, for the U.S. Trustee, that the statements made by it or to be made by it in a Statement of Eligibility and Qualification on Form T-1 or Form T-3 supplied to the Company are true and accurate. The Trustees Trustee shall not be accountable for the use or application by the Company of any of the Debt Securities or of the proceeds thereof. A U.S. The Trustee that has resigned shall not be responsible to make any calculation with respect to any matter under this Indenture. The Trustee shall have no duty to monitor or was removed shall remain subject investigate the Issuers’ compliance with or the breach of, or cause to Section 311(a) be performed or observed, any representation, warranty, or covenant, or agreement of any Person, other than the Trust Indenture Act to the extent provided thereinTrustee, made in this Indenture.

Appears in 1 contract

Samples: Rayonier Operating Co LLC

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