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 35 contracts

Samples: Indenture (Inspire Veterinary Partners, Inc.), Indenture (RDE, Inc.), Indenture (Ispire Technology 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 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), Subordinated Indenture (Mercantile Bank Corp), Subordinated Debt Securities 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: Subordinated Indenture (Emagin Corp), Senior Indenture (Emagin Corp), Senior Indenture (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 7.01) 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)

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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 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: Senior Indenture (BioAmber Inc.)

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