Common use of Trustee Not Responsible for Recitals or Issuance of Securities Clause in Contracts

Trustee Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the Securities, except for the Trustee's certificate of authentication, shall be taken as the statements of the Company, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture or the Securities, except that the Trustee represents that it is duly authorized to execute and deliver this Indenture, authenticate the Securities and perform its obligations hereunder. The Trustee shall not be accountable for the use or application by the Company of any Securities or the proceeds thereof.

Appears in 2 contracts

Samples: Indenture (Willcox & Gibbs Inc /De), Indenture (Brazos Sportswear Inc /De/)

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Trustee Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the SecuritiesSecurities and the notations of Subsidiary Guarantees thereon, except for the Trustee's certificate certificates of authentication, shall be taken as the statements of the CompanyCompany or the Subsidiary Guarantors, as the case may be, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture Indenture, the Subsidiary Guarantees or the Securities, except that the Trustee represents that it is duly authorized to execute and deliver this Indenture, authenticate the Securities and perform its obligations hereunder. The Trustee shall not be accountable for the use or application by the Company of any Securities or the proceeds thereof.

Appears in 2 contracts

Samples: Indenture (Cliffs Drilling Co), Indenture (KCS Energy Inc)

Trustee Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the Securities, except for the Trustee's certificate ’s certificates of authentication, shall be taken as the statements of the CompanyIssuer or, upon and after the Securities Assumption, of Parent or the Issuer, as applicable, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities, except that the Trustee represents that it is duly authorized to execute and deliver this Indenture, authenticate the Securities and perform its obligations hereunder. The Trustee shall not be accountable for the use or application by the Company Issuer of any Securities or the proceeds thereof.

Appears in 2 contracts

Samples: Indenture (Level 3 Communications Inc), Indenture (Level 3 Communications Inc)

Trustee Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the SecuritiesSecurities and the notations of Subsidiary Guarantees thereon, except for the Trustee's certificate certificates of authentication, shall be taken as the statements of the CompanyCompany or the Subsidiary Guarantors, as the case may be, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities, except that the Trustee represents that it is duly authorized to execute and deliver this Indenture, authenticate the Securities and perform its obligations hereunder. The Trustee shall not be accountable for , and that the use or application statements made by it in a Statement of Eligibility on Form T-1 supplied to the Company of any Securities or are true and accurate, subject to the proceeds thereof.qualifications set forth herein. The

Appears in 1 contract

Samples: Indenture (Petsec Energy Inc)

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Trustee Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the SecuritiesSecurities and the notations of Subsidiary Guarantees thereon, except for the Trustee's certificate certificates of authentication, shall be taken as the statements of the CompanyCompany or the Subsidiary Guarantors, as the case may be, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture Indenture, the Subsidiary Guarantees or the Securities, except that the Trustee represents that it is duly authorized to execute and deliver this Indenture, authenticate the Securities and perform its obligations hereunder. The Trustee shall not be accountable for , and that the use or application statements made by it in the Statement of Eligibility and Qualification on Form T-1 supplied to the Company of any Securities or the proceeds thereof.are true and

Appears in 1 contract

Samples: Indenture (KCS Medallion Resources Inc)

Trustee Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the SecuritiesSecurities and the notations of Subsidiary Guarantees thereon, if any, except for the Trustee's certificate certificates of authentication, shall be taken as the statements of the CompanyCompany or the Subsidiary Guarantors, as the case may be, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture Indenture, the Subsidiary Guarantees, if any, or the Securities, except that the Trustee represents that it is duly authorized to execute and deliver this Indenture, authenticate the Securities and perform its obligations hereunder. The Trustee shall not be accountable for the use or application by the Company of any Securities or the proceeds thereof.

Appears in 1 contract

Samples: Indenture (Nuevo Energy Co)

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