Trustee's Relation to Senior Debt. With respect to the holders of Senior Debt, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article, and no implied covenants or obligations with respect to the holders of Senior Debt shall be read into this Article against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Debt.
Appears in 4 contracts
Samples: First Supplemental Indenture (Penske Automotive Group, Inc.), Indenture (Penske Automotive Group, Inc.), Indenture (Morgans Hotel Group Co.)
Trustee's Relation to Senior Debt. With respect to the holders of Senior Debt, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this ArticleArticle 11, and no implied covenants or obligations with respect to the holders of Senior Debt shall be read into this Article 11 against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Debt.
Appears in 1 contract
Samples: Indenture (United Auto Group Inc)