Common use of Trustee Not Responsible for Recitals or Application of Proceeds Clause in Contracts

Trustee Not Responsible for Recitals or Application of Proceeds. The recitals contained herein and in the Securities (other than the certificate of authentication on the Securities) shall be taken as the statements of the Company, and the Trustee assumes no responsibility for the correctness of the same. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities. The Trustee shall not be accountable for the use or application by the Company of any of the Securities or of the proceeds thereof.

Appears in 14 contracts

Samples: Senior Indenture (Achieve Life Sciences, Inc.), Indenture (Biolife Solutions Inc), Indenture (Oncogenex Pharmaceuticals, Inc.)

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