Common use of Trustee Not Ordinarily Bound Clause in Contracts

Trustee Not Ordinarily Bound. Except as provided in Section 7.2 and as otherwise specifically provided herein, the Trustee shall not, subject to Section 14.3, be bound to give notice to any person of the execution hereof, nor to do, observe or perform or see to the observance or performance by the Corporation of any of the obligations herein imposed upon the Corporation or of the covenants on the part of the Corporation herein contained, nor in any way to supervise or interfere with the conduct of the Corporation’s business, unless the Trustee shall have been required to do so in writing by the holders of not less than 40% of the aggregate principal amount of the Debentures then outstanding, and then only after it shall have been funded and indemnified to its satisfaction against all actions, proceedings, claims and demands to which it may render itself liable and all costs, charges, damages and expenses which it may incur by so doing.

Trustee Not Ordinarily Bound. Except as provided in Section 7.2 and as otherwise specifically provided herein, the Trustee shall not, subject to Section 14.311.3, be bound to give notice to any person Person of the execution hereof, nor to do, observe or perform or see to the observance or performance by the Corporation Issuer of any of the obligations herein imposed upon the Corporation Issuer or of the covenants on the part of the Corporation Issuer herein contained, nor in any way to supervise or interfere with the conduct of the CorporationIssuer’s business, unless the Trustee shall have been required to do so in writing by the holders Holders of not less than 4025% of the aggregate principal amount of the Debentures Notes then outstanding, and then only after it shall have been funded and indemnified to its satisfaction against all actions, proceedings, claims and demands to which it may render itself liable and all costs, charges, damages and expenses which it may incur by so doing.

Trustee Not Ordinarily Bound. Except as provided in Section 7.2 8.2 and as otherwise specifically provided herein, the Trustee shall not, subject to Section 14.314.2, be bound to give notice to any person Person of the execution hereof, nor to do, observe or perform or see to the observance or performance by the Corporation of any of the obligations herein imposed upon the Corporation or of the covenants on the part of the Corporation herein contained, nor in any way to supervise or interfere with the conduct of the Corporation’s business, unless the Trustee shall have been required to do so in writing by the holders of not less than 4025% of the aggregate principal amount of the Debentures then outstanding, and then only after it shall have been funded and indemnified to its reasonable satisfaction against all actions, proceedings, claims and demands to which it may render itself liable and all costs, charges, damages and expenses which it may incur by so doing.

Trustee Not Ordinarily Bound. Except as provided in Section 7.2 9.2 and as otherwise specifically provided herein, the Trustee shall not, subject to Section 14.313.3, be bound to give notice to any person Person of the execution hereof, nor to do, observe or perform or see to the observance or performance by the Corporation Issuer of any of the obligations herein imposed upon the Corporation Issuer or of the covenants on the part of the Corporation Issuer herein contained, nor in any way to supervise or interfere with the conduct of the CorporationIssuer’s business, unless the Trustee shall have been required to do so in writing by the holders Holders of not less than 4025% of the aggregate principal amount of the Debentures Notes then outstanding, and then only after it shall have been funded and indemnified to its satisfaction against all actions, proceedings, claims and demands to which it may render itself liable and all costs, charges, damages and expenses which it may incur by so doing.

Trustee Not Ordinarily Bound. Except as provided in Section 7.2 9.2 and as otherwise specifically provided herein, the Trustee shall not, subject to Section 14.316.2, be bound to give notice to any person Person of the execution hereof, nor to do, observe or perform or see to the observance or performance by the Corporation of any of the obligations herein imposed upon the Corporation or of the covenants on the part of the Corporation herein contained, nor in any way to supervise or interfere with the conduct of the Corporation’s business, unless the Trustee shall have been required to do so in writing by the holders of not less than 4025% of the aggregate principal amount of the Debentures then outstanding, and then only after it shall have been funded and indemnified to its reasonable satisfaction against all actions, proceedings, claims and demands to which it may render itself liable and all costs, charges, damages and expenses which it may incur by so doing.

Trustee Not Ordinarily Bound. Except as provided in Section 7.2 and as otherwise specifically provided herein, the Trustee shall not, subject to Section 14.312.3, be bound to give notice to any person Person of the execution hereof, nor to do, observe or perform or see to the observance or performance by the Corporation Issuer of any of the obligations herein imposed upon the Corporation Issuer or of the covenants on the part of the Corporation Issuer herein contained, nor in any way to supervise or interfere with the conduct of the CorporationIssuer’s business, unless the Trustee shall have been required to do so in writing by the holders Holders of not less more than 4050% of the aggregate principal amount of the Debentures Notes then outstanding, and then only after it shall have been funded and indemnified to its satisfaction against all actions, proceedings, claims and demands to which it may render itself liable and all costs, charges, damages and expenses which it may incur by so doing.

Trustee Not Ordinarily Bound. Except as provided in Section 7.2 and as otherwise specifically provided herein, the Trustee shall not, subject to Section 14.311.3, be bound to give notice to any person Person of the execution hereof, nor to do, observe or perform or see to the observance or performance by the Corporation Issuer of any of the obligations herein imposed upon the Corporation Issuer or of the covenants on the part of the Corporation Issuer herein contained, nor in any way to supervise or interfere with the conduct of the CorporationIssuer’s business, unless the Trustee shall have been required to do so in writing by the holders Holders of not less more than 4050% of the aggregate principal amount of the Debentures Notes then outstanding, and then only after it shall have been funded and indemnified to its satisfaction against all actions, proceedings, claims and demands to which it may render itself liable and all costs, charges, damages and expenses which it may incur by so doing.

Trustee Not Ordinarily Bound. Except as provided in Section 7.2 and as otherwise specifically provided herein, the Trustee shall not, subject to Section 14.37.3, be bound to give notice to any person Person of the execution hereof, nor to do, observe or perform or see to the observance or performance by the Corporation Issuer of any of the obligations herein imposed upon the Corporation Issuer or of the covenants on the part of the Corporation Issuer herein contained, nor in any way to supervise or interfere with the conduct of the Corporation’s Issuer's business, unless the Trustee shall have been required to do so in writing by the holders Holders of not less than 4025% of the aggregate principal amount of the Debentures Notes then outstanding, and then only after it shall have been funded and indemnified to its satisfaction against all actions, proceedings, claims and demands to which it may render itself liable and all costs, charges, damages and expenses which it may incur by so doing.

Trustee Not Ordinarily Bound. Except as provided in Section 7.2 and as otherwise specifically provided herein, the Trustee shall not, subject to Section 14.3, be bound to give notice to any person of the execution hereof, nor to do, observe or perform or see to the observance or performance by the Corporation of any of the obligations herein imposed upon the Corporation or of the covenants on the part of the Corporation herein contained, nor in any way to supervise or interfere with the conduct of the Corporation’s 's business, unless the Trustee shall have been required to do so in writing by the holders of not less than 40% of the aggregate principal amount of the Debentures then outstanding, and then only after it shall have been funded and indemnified to its satisfaction against all actions, proceedings, claims and demands to which it may render itself liable and all costs, charges, damages and expenses which it may incur by so doing.