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 X 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 10.15 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 Securities. The Trustee shall not be responsible for the Company's failure to comply with this Article X. Each Conversion Agent shall have the same protection under this Section 10.17 as the Trustee. All calculations required under Article X shall be performed by the Company, with notice thereof to the Trustee.

Appears in 1 contract

Samples: Indenture (Mirant Corp)

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Trustee's Adjustment Disclaimer. The Except as provided in last paragraph of Section 10.01, the Trustee has no duty to ----------------------------------------------- determine when an adjustment under this Article X 10 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 10.15 10.14 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 Securities. The Trustee shall not be responsible for the Company's failure to comply with this Article X. 10. Each Conversion Agent (other than the Company or an Affiliate of the Company) shall have the same protection under this Section 10.17 10.16 as the Trustee. All calculations required under Article X shall be performed by the Company, with notice thereof to the Trustee.

Appears in 1 contract

Samples: Amr Corp

Trustee's Adjustment Disclaimer. The Trustee has no duty to ----------------------------------------------- ------------------------------- determine when an adjustment under this Article X 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 10.15 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 Securities. The Trustee shall not be responsible for the Company's failure to comply with this Article X. 11. Each Conversion Agent (other than the Company or an Affiliate of the Company) shall have the same protection under this Section 10.17 11.16 as the Trustee. All calculations required under Article X shall be performed by the Company, with notice thereof to the Trustee.

Appears in 1 contract

Samples: Indenture (Merrill Lynch & Co Inc)

Trustee's Adjustment Disclaimer. The Trustee has no duty ------------------------------- to ----------------------------------------------- determine when an adjustment under this Article X 10 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 10.15 10.14 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 Securities. The Trustee shall not be responsible for the Company's failure to comply with this Article X. 11. Each Conversion Agent (other than the Company or an Affiliate of the Company) shall have the same protection under this Section 10.17 10.16 as the Trustee. All calculations required under Article X shall be performed by the Company, with notice thereof to the Trustee.

Appears in 1 contract

Samples: Merrill Lynch Preferred Funding Vi L P

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Trustee's Adjustment Disclaimer. The Trustee has no duty ------------------------------- to ----------------------------------------------- determine when an adjustment under this Article X 10 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 10.15 10.14 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 delivered upon conversion of Securities. The Trustee shall not be responsible for the Company's failure to comply with this Article X. 10. Each Conversion Agent shall have the same protection under this Section 10.17 10.16 as the Trustee. All calculations Unless and until the Trustee receives a certificate from the Company setting forth the particulars of an adjustment under this Article 10, the Trustee may assume without inquiry that no such adjustment has been, or is required under Article X shall be performed by the Companyto be, with notice thereof to the Trusteemade.

Appears in 1 contract

Samples: Reebok International LTD

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