Common use of Trustee Not Responsible for Recitals, Disposition of Securities or Application of Proceeds Thereof Clause in Contracts

Trustee Not Responsible for Recitals, Disposition of Securities or Application of Proceeds Thereof. The recitals contained herein and in the Securities, except the Trustee’s certificates of authentication and the seventh and eight recitals to this Indenture, shall be taken as the statements of IRSA, and the Trustee assumes no responsibility for the correctness of the same. The Trustee makes no representation as to the validity or sufficiency of this Indenture, of any offering materials or of the Securities, except for the seventh and eight recitals to this Indenture. The Trustee shall not be accountable for the use or application by IRSA of any of the Securities or of the proceeds thereof.

Trustee Not Responsible for Recitals, Disposition of Securities or Application of Proceeds Thereof. The recitals contained herein and in the Securities, except the Trustee’s certificates of authentication and the seventh and eight eighth recitals to this Indenture, shall be taken as the statements of IRSAthe Bank, and the Trustee assumes no responsibility for the correctness of the same. The Trustee makes no representation as to the validity or sufficiency of this Indenture, of any offering materials or of the Securities, except for the seventh and eight eighth recitals to this Indenture. The Trustee shall not be accountable for the use or application by IRSA the Bank of any of the Securities or of the proceeds thereof.

Trustee Not Responsible for Recitals, Disposition of Securities or Application of Proceeds Thereof. The recitals contained herein and in the Securities, except the Trustee’s certificates of authentication and the seventh and eight recitals to this Indenture, shall be taken as the statements of IRSAAPSA, and the Trustee assumes no responsibility for the correctness of the same. The Trustee makes no representation as to the validity or sufficiency of this Indenture, of any offering materials or of the Securities, except for the seventh and eight recitals to this Indenture. The Trustee shall not be accountable for the use or application by IRSA APSA of any of the Securities or of the proceeds thereof.