Common use of Trustee's Adjustment Disclaimer Clause in Contracts

Trustee's Adjustment Disclaimer. The Trustee has no duty to determine when an adjustment under this Article Fifteen should be made, how it should be made or what it should be. The Trustee has no duty to determine whether a supplemental indenture under Section 1514 need be entered into or whether any provisions of any supplemental indenture are correct. The Trustee shall not be accountable for and makes no representation as to the validity or value of any securities or assets issued upon conversion of Debentures. The Trustee shall not be responsible for the Company's failure to comply with this Article Fifteen. Each Conversion Agent (other than the Company or an Affiliate of the Company) shall have the same protection under this Section 1516 as the Trustee.

Appears in 4 contracts

Samples: First Supplemental Indenture (Pride International Inc), Third Supplemental Indenture (Pride International Inc), First Supplemental Indenture (Pride International Inc)

AutoNDA by SimpleDocs

Trustee's Adjustment Disclaimer. The Trustee has no duty to determine when an adjustment under this Article Fifteen should be made, how it should be made or what it should be. The Trustee has no duty to determine whether a supplemental indenture under Section 1514 1515 need be entered into or whether any provisions of any supplemental indenture are correct. The Trustee shall not be accountable for and makes no representation as to the validity or value of any securities or assets issued upon conversion of DebenturesNotes. The Trustee shall not be responsible for the Company's failure to comply with this Article Fifteen. Each Conversion Agent (other than the Company or an Affiliate of the Company) shall have the same protection under this Section 1516 1518 as the Trustee.

Appears in 2 contracts

Samples: Fifth Supplemental Indenture (Pride International Inc), Sixth Supplemental Indenture (Pride International Inc)

Trustee's Adjustment Disclaimer. The Trustee has no duty to determine when an adjustment under this Article Fifteen 12 should be made, how it should be made or what it should be. The Trustee has no duty to determine whether a supplemental indenture under Section 1514 12.14 need be entered into or whether any provisions of any supplemental indenture are correct. The Trustee shall not be accountable for and makes no representation as to the validity or value of any securities or assets issued upon conversion of DebenturesConvertible Subordinated Notes. The Trustee shall not be responsible for the Company's failure to comply with this Article Fifteen12. Each Conversion Agent (other than the Company or an Affiliate of the Company) shall have the same protection under this Section 1516 12.16 as the Trustee.

Appears in 2 contracts

Samples: Indenture (School Specialty Inc), Indenture (Cke Restaurants Inc)

Trustee's Adjustment Disclaimer. The Trustee has no duty to determine when an adjustment under this Article Fifteen 12 should be made, how it should be made or what it should be. The Trustee has no duty to determine whether a supplemental indenture under Section 1514 12.14 hereof need be entered into or whether any provisions of any supplemental indenture are correct. The Trustee shall not be accountable for and makes no representation as to the validity or value of any securities or assets issued upon conversion of DebenturesSecurities. The Trustee shall not be responsible for the Company's failure to comply with this Article Fifteen12. Each Conversion Agent (other than the Company or an Affiliate of the Company) shall have the same protection under this Section 1516 12.16 as the Trustee.

Appears in 1 contract

Samples: Indenture (American Financial Group Inc)

AutoNDA by SimpleDocs

Trustee's Adjustment Disclaimer. The Trustee has no duty to determine when an adjustment under this Article Fifteen 11 should be made, how it should be made or what it should be. The Trustee has no duty to determine whether a supplemental indenture under Section 1514 11.14 need be entered into or whether any provisions of any supplemental indenture are correct. The Trustee shall not be accountable for and makes no representation as to the validity or value of any securities or assets issued upon conversion of DebenturesSecurities. The Trustee shall not be responsible for the Company's ’s or Alltel’s failure to comply with this Article Fifteen11. Each Conversion Agent (other than the Company or an Affiliate of the Company) shall have the same protection under this Section 1516 11.16 as the Trustee.

Appears in 1 contract

Samples: First Supplemental Indenture (Alltel Corp)

Trustee's Adjustment Disclaimer. The Trustee has no -------------------------------- duty to determine when an adjustment under this Article Fifteen XIII should be made, how bow it should be made or what it should be. The Trustee has no duty to determine whether a supplemental indenture under Section 1514 13.14 need be entered into or whether any provisions of any supplemental indenture are correct. The Trustee shall not be accountable for and makes no representation as to the validity or value of any securities or assets issued upon conversion of DebenturesSecurities. The Trustee shall not be responsible for the Company's failure to comply with this Article FifteenXIII. Each Conversion Agent (other than the Company or an Affiliate of the Company) shall have the same protection under this Section 1516 13.16 as the Trustee.. 104

Appears in 1 contract

Samples: Indenture (Xerox Corp)

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