TRUSTEE NOT RESPONSIBLE FOR RECITALS, ETC. (a) The Recitals contained herein and in the Debentures, except the certificates of authentication, shall be taken as the statements of the Corporation, and the Trustee assumes no responsibility for the correctness of the same. (b) The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Debentures. (c) The Trustee shall not be accountable for the use or application by the Corporation of any of the Debentures or of the proceeds of such Debentures, or for the use or application of any monies paid over by the Trustee in accordance with any provision of this Indenture, or for the use or application of any monies received by any paying agent other than the Trustee.
Appears in 7 contracts
Samples: Indenture (American Community Bancshares Inc), Indenture (Southern Community Capital Trust I), Indenture (Carolina Bank Holdings Inc)
TRUSTEE NOT RESPONSIBLE FOR RECITALS, ETC. (a) The Recitals contained herein and in the Debentures, except the certificates of authentication, shall be taken as the statements of the Corporation, and the Trustee assumes no responsibility for the correctness of the same.
(b) The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Debentures.
(c) The Trustee shall not be accountable for the use or application by the Corporation of any of the Debentures or of the proceeds of such Debentures, or for the use or application of any monies moneys paid over by the Trustee in accordance with any provision of this Indenture, or for the use or application of any monies moneys received by any paying agent other than the Trustee.
Appears in 4 contracts
Samples: Indenture (Metropolitan Financial Corp /Oh/), Indenture (Metropolitan Capital Trust I), Indenture (Metropolitan Financial Corp /Oh/)
TRUSTEE NOT RESPONSIBLE FOR RECITALS, ETC. (a) The Recitals contained herein and in the Debentures, except the certificates of authentication, shall be taken as the statements of the Corporation, Company and the Trustee assumes no responsibility for the correctness of the same.
(b) The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Debentures.
(c) The Trustee shall not be accountable for the use or application by the Corporation Company of any of the Debentures or of the proceeds of such Debentures, or for the use or application of any monies moneys paid over by the Trustee in accordance with any provision of this Indenture, or for the use or application of any monies moneys received by any paying agent other than the Trustee.
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