Common use of Trustee Protected Clause in Contracts

Trustee Protected. In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby of the trusts created by this Indenture, the Trustee shall receive, in addition to the documents required by Section 10.04, and (subject to Section 7.01) shall be fully protected in relying upon, an Opinion of Counsel stating that all conditions precedent in this Indenture to the execution of such supplemental indenture, if any, have been complied with, such supplemental indenture is authorized hereunder, and, that such supplemental indenture is the valid and legally binding obligation of the Company. The Trustee shall sign all supplemental indentures, except that the Trustee need not sign any supplemental indenture that adversely affects its rights.

Appears in 32 contracts

Samples: Indenture (Ispire Technology Inc.), Indenture (Olb Group, Inc.), Indenture (Ostin Technology Group Co., Ltd.)

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Trustee Protected. In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, in addition to the documents required by Section 10.04, and (subject to Section 7.017.1) shall be fully protected in relying upon, an Officers’ Certificate and Opinion of Counsel stating that all conditions precedent in this Indenture to have been satisfied, the execution of such supplemental indenture, if any, have been complied with, such supplemental indenture is authorized hereunder, and, or permitted by this Indenture and that such supplemental indenture is the legal, valid and legally binding obligation of the Company, enforceable against the Company in accordance with its terms. The Trustee shall sign all supplemental indentures, except that the Trustee need not sign any supplemental indenture that adversely affects its rightsit.

Appears in 11 contracts

Samples: Senior Debt Indenture (Ameris Bancorp), Indenture (First Guaranty Bancshares, Inc.), Indenture (First Guaranty Bancshares, Inc.)

Trustee Protected. In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby of the trusts created by this Indenture, the Trustee shall receive, in addition to the documents required by Section 10.04, and (subject to Section 7.01) shall be fully protected in relying upon, an Opinion of Counsel stating that all conditions precedent in this Indenture to the execution of such supplemental indenture, if any, have been complied with, such supplemental indenture is authorized hereunderunder this Indenture, and, that such supplemental indenture is the valid and legally binding obligation of the Company. The Trustee may, but shall sign all supplemental indenturesnot be obligated to, except that the Trustee need not sign any supplemental indenture that adversely affects its the Trustee’s own rights, duties, powers, liabilities or immunities under this Indenture or otherwise.

Appears in 4 contracts

Samples: Emagin Corp, Emagin Corp, Mimecast LTD

Trustee Protected. In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby of the trusts created by this Indenture, the Trustee shall receive, in addition to the documents required by Section 10.04, and (subject to Section 7.017.1) shall be fully protected in conclusively relying upon, an Officer’s Certificate or an Opinion of Counsel or both complying with Section 10.4 and stating that all conditions precedent in this Indenture to the execution of such supplemental indenture, if any, have been complied with, such supplemental indenture is authorized hereunder, and, that such supplemental indenture is the legal, valid and legally binding obligation of the Company, enforceable against the Company in accordance with its terms, subject to customary exceptions. The Trustee shall sign all supplemental indenturesindentures upon delivery of such an Officer’s Certificate or Opinion of Counsel or both, except that the Trustee need not sign any supplemental indenture that adversely affects its rights.

Appears in 3 contracts

Samples: Biohaven Ltd., 100 Maple LLC, Full House Resorts Inc

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Trustee Protected. In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby of the trusts created by this Indenture, the Trustee shall receive, in addition to the documents required by Section 10.04, and (subject to Section 7.01) shall be fully protected in relying upon, an Opinion of Counsel stating that all conditions precedent in this Indenture to the execution of such supplemental indenture, if any, have been complied with, such supplemental indenture is authorized hereunder, and, that such supplemental indenture is the valid and legally binding obligation of the Company. The Trustee shall sign all supplemental indentures, except that the Trustee need not sign any supplemental indenture that adversely affects its rights.. 29

Appears in 2 contracts

Samples: Indenture (ITUS Corp), Indenture (Copytele Inc)

Trustee Protected. In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby of the trusts created by this Indenture, the Trustee shall receive, in addition to the documents required by Section 10.04, and (subject to Section 7.01) shall be fully protected in relying upon, an Opinion of Counsel stating that all conditions precedent in this Indenture to the execution of such supplemental indenture, if anyunder this Indenture, have been complied with, such supplemental indenture is authorized hereunderunder this Indenture, and, that such supplemental indenture is the valid and legally binding obligation of the Company. The Trustee may, but shall sign all supplemental indenturesnot be obligated to, except that the Trustee need not sign any supplemental indenture that adversely affects its the Trustee’s own rights, duties, powers, liabilities or immunities under this Indenture or otherwise.

Appears in 1 contract

Samples: BioAmber Inc.

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