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 Notes and the notations of Subsidiary Guarantees thereon, except for the Trustee's certificates of authentication, will be taken as the statements of the Company 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, the Subsidiary Guarantees or the Notes, except that the Trustee represents that it is duly authorized to execute and deliver this Indenture, authenticate the Notes and perform its obligations hereunder, and that the statements made by it in a Statement of Eligibility and Qualification on Form T-1 supplied to the Company are true and accurate, subject to the qualifications set forth therein. The Trustee will not be accountable for the use or application by the Company of Notes or the proceeds thereof.

Appears in 2 contracts

Samples: Intercreditor, Security and Collateral Agency Agreement (Abraxas Petroleum Corp), Indenture (Mission Resources Corp)

AutoNDA by SimpleDocs

Trustee Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the Notes Securities and the notations of Subsidiary Guarantees thereon, except for the Trustee's certificates of authentication, will shall be taken as the statements of the Company 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, the Subsidiary Guarantees or the NotesSecurities, except that the Trustee represents that it is duly authorized to execute and deliver this Indenture, authenticate the Notes Securities and perform its obligations hereunder, and that the statements made by it in a the Statement of Eligibility and Qualification on Form T-1 supplied to the Company are true and accurate, subject to the qualifications set forth therein. The Trustee will shall not be accountable for the use or application by the Company of Notes any Securities or the proceeds thereof.

Appears in 1 contract

Samples: First Supplemental Indenture (KCS Energy Inc)

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

Appears in 1 contract

Samples: Indenture (510152 N B LTD)

Trustee Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the Notes Securities and the notations of Subsidiary Guarantees thereon, except for the Trustee's certificates of authentication, will shall be taken as the statements of the Company 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, the Subsidiary Guarantees or the NotesSecurities, except that the Trustee represents that it is duly authorized to execute and deliver this Indenture, authenticate the Notes Securities and perform perform, its obligations hereunder, and that the statements made by it in a Statement of Eligibility and Qualification on Form T-1 supplied to the Company are true and accurate, subject to the qualifications set forth therein. The Trustee will shall not be accountable for the use or application by the Company of Notes Securities or the proceeds thereof.

Appears in 1 contract

Samples: Indenture (Bellwether Exploration Co)

AutoNDA by SimpleDocs

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

Appears in 1 contract

Samples: Indenture (Baytex Energy LTD)

Trustee Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the Notes Securities and the notations of Subsidiary Guarantees thereon, except for the Trustee's certificates of authentication, will be taken as the statements of the Company 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, the Subsidiary Guarantees or the NotesSecurities, except that the Trustee represents that it is duly authorized to execute and deliver this Indenture, authenticate the Notes Securities and perform perform, its obligations hereunder, and that the statements made by it in a Statement of Eligibility and Qualification on Form T-1 supplied to the Company are true and accurate, subject to the qualifications set forth therein. The Trustee will not be accountable for the use or application by the Company of Notes Securities or the proceeds thereof.

Appears in 1 contract

Samples: Indenture (Pan American Energy Finance Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!