Common use of Trustee's Relation to Senior Indebtedness Clause in Contracts

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten with respect to any Senior Indebtedness that may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article Ten, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c) and 10.03(c) of this Indenture) and shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Notes or to the Company or to any other person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten or otherwise.

Appears in 5 contracts

Samples: Indenture (Ingram Micro Inc), Indenture (Pagemart Wireless Inc), Indenture (Regal Cinemas Inc)

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Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten Eleven with respect to any Senior Indebtedness that which may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness Indebtedness, and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) . With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article TenEleven, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c) and 10.03(c) of this Indenture) and Section 11.03(b)). The Trustee shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Notes Securities or to the Company or to any other person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten Eleven or otherwise.

Appears in 5 contracts

Samples: Indenture (Standard Pacific Corp /De/), Indenture (Standard Pacific Corp /De/), Indenture (Standard Pacific Corp /De/)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent in its individual capacity shall be entitled to all the rights set forth in this Article Ten with 10 in respect to of any Senior Indebtedness that may of the Company at any time be held by it in its individual or any other capacity it, to the same extent as any other holder of such Senior Indebtedness Indebtedness, and nothing in this Article 10 or elsewhere in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) . The provisions of this Article 10 shall not apply to the Trustee's rights under Section 7.07 hereof. With respect to the holders of Senior IndebtednessIndebtedness of the Company, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article Ten10, and no implied covenants or obligations with respect to the holders of such Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c) and 10.03(c) of this Indenture) and the Company and, subject to the provisions of Section 7.01 hereof, the Trustee shall not be liable to any holder of such holders Senior Indebtedness if the Trustee it shall in good faith mistakenly pay over or distribute deliver to Holders of Notes or to Securities, the Company or to any other person cash, property Person money or securities assets to which any holders holder of Senior Indebtedness of the Company shall be entitled by virtue of this Article Ten 10 or otherwise.

Appears in 4 contracts

Samples: Indenture (Wellpoint Health Networks Inc /De/), Indenture (Wellpoint Health Networks Inc /De/), Indenture (Austin Funding Com Corp)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent agent of the Company or the Trustee shall be entitled to all the rights set forth in this Article Ten with respect to any Senior Indebtedness that which may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness and nothing in the first paragraph of Section 6.14 or elsewhere in this Indenture shall deprive the Trustee or any Paying Agent such agent of any of its rights as such holder. (b) . Nothing in this Article shall apply to claims of, or payments to, the Trustee under or pursuant to Section 6.07. With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article TenArticle, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c) and, subject to the provisions of Section 6.01 and 10.03(c) of this Indenture) and Section 6.03, the Trustee shall not be liable to any such holders holder of Senior Indebtedness if the Trustee it shall in good faith mistakenly pay over or distribute deliver to Holders of Notes or to Securities, the Company or to any other person cash, property Person monies or securities assets to which any holders holder of Senior Indebtedness shall be entitled by virtue of this Article Ten or otherwise.

Appears in 3 contracts

Samples: Subordinated Indenture (Pinnacle Financial Partners Inc), Subordinated Indenture (Engility Holdings, Inc.), Subordinated Indenture (ServisFirst Bancshares, Inc.)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent paying agent shall be entitled to all the subordination rights set forth in this Article Ten XV with respect to any Senior Indebtedness that may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture shall deprive the Trustee or any Paying Agent paying agent of any of its rights as such holder. (b) With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article TenXV, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c15.02(c) and 10.03(c) of this Indenture15.03(c)) and shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders holders of Notes or to the Company or to any other person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten XV or otherwise.

Appears in 2 contracts

Samples: Indenture (Agco Corp /De), Indenture (Agco Corp /De)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten Seven with respect to any Senior Indebtedness that which may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness Indebtedness, and nothing in the Indenture or this Supplemental Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) . With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article TenSeven, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into the Indenture or this Supplemental Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c) and 10.03(c) of this Indenture) and Section 7.3(b)). The Trustee shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Notes or to the Company or to any other person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten Seven or otherwise.

Appears in 2 contracts

Samples: Exhibit (Constellation Brands Inc), Supplemental Indenture (Canandaigua LTD)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent agent of the Company or the Trustee shall be entitled to all the rights set forth in this Article Ten 10 with respect to any Senior Indebtedness that which may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture shall deprive the Trustee or any Paying Agent such agent, of any of its rights as such holder. (b) . With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article Ten10, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c) and 10.03(c) of this Indenture) and Indebtedness. The Trustee shall not be liable to any such holders holder of Senior Indebtedness if the Trustee it shall in good faith mistakenly pay over or distribute deliver to Holders of Notes or to Notes, the Company or to any other person cash, property monies or securities assets to which any holders holder of Senior Indebtedness shall be entitled by virtue of this Article Ten 10 or otherwise, except if such payment is made as a result of the willful misconduct or gross negligence of the Trustee.

Appears in 2 contracts

Samples: Indenture (K&f Industries Inc), Indenture (K&f Industries Inc)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent agent of the Company or the Trustee in its individual capacity shall be entitled to all the rights set forth in this Article Ten with IV in respect to of any Senior Indebtedness that may at any time be held by it in its individual or any other capacity it, to the same extent as any other holder of Senior Indebtedness Indebtedness, and nothing in Section 8.13 or elsewhere in this Indenture shall deprive the Trustee or any Paying Agent such agent of any of its rights as such holder. (b) . Nothing in this Article IV shall apply to claims of, or payments to, the Trustee under or pursuant to Section 8.6. With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article TenIV, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in and, subject to the provisions of Sections 10.02(c) 4.2, 4.5 and 10.03(c) of this Indenture) and 8.1, the Trustee shall not be liable to any such holders holder of Senior Indebtedness if the Trustee it shall in good faith mistakenly pay over or distribute deliver to Holders holders of Notes or to Debentures, the Company or to any other person cash, property money or securities assets to which any holders holder of Senior Indebtedness shall be entitled by virtue of this Article Ten IV or otherwise.

Appears in 2 contracts

Samples: Indenture (Xcyte Therapies Inc), Indenture (Xcyte Therapies Inc)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten Eight with respect to any Senior Indebtedness that which may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness Indebtedness, and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) . With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article TenEight, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c) and 10.03(c) of this Indenture) and SECTION 8.03(b)). The Trustee shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Notes or to the Company or to any other person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten Eight or otherwise.

Appears in 2 contracts

Samples: Indenture (Polymer Group Inc), Indenture (Polymer Group Inc)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten Eleven with respect to any Senior Indebtedness that may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article TenEleven, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c11.02(c) and 10.03(c11.03(c) of this Indenture) and shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Notes or to the Company or to any other person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten Eleven or otherwise.

Appears in 2 contracts

Samples: Indenture (Scotsman Industries Inc), Indenture (Servico Market Center Inc)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent agent of the Company or the Trustee shall be entitled to all the rights set forth in this Article Ten with respect to any Senior Indebtedness that which may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture shall deprive the Trustee or any Paying Agent such agent of any of its rights as such holder. (b) . With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article Ten, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c) and 10.03(c) of this Indenture) and shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to or on behalf of Holders of Notes or to the Company or to any other person cash, property money or securities assets to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten Article, except if such payment is made as a result of willful misconduct or otherwisegross negligence of the Trustee. Whenever a distribution is to be made or a notice given to holders or owners of Senior Indebtedness, the distribution may be made and the notice given to their Representatives, if any.

Appears in 2 contracts

Samples: Indenture (Federal Data Corp /Fa/), Indenture (Tracor Inc /De)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent in its individual capacity shall be entitled to all the rights set forth in this Article Ten with 10 in respect to of any Senior Indebtedness that may at any time be held by it in its individual or any other capacity it, to the same extent as any other holder of such Senior Indebtedness Indebtedness, and nothing or elsewhere in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) . With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article Ten10, and no implied covenants or obligations with respect to the holders of such Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c) and 10.03(c) and, subject to the provisions of this Indenture) and Section 7.01, the Trustee shall not be liable to any holder of such holders Senior Indebtedness if the Trustee it shall in good faith mistakenly pay over or distribute deliver to Holders of Notes or to Holders, the Company or to any other person cash, property Person money or securities assets to which any holders holder of Senior Indebtedness shall be entitled by virtue of this Article Ten 10 or otherwise.

Appears in 2 contracts

Samples: Indenture (Network Associates Inc), Indenture (Network Associates Inc)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten Eight with respect to any Senior Indebtedness that which may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness Indebtedness, and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) . With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article TenEight, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c) and 10.03(c) of this Indenture) and Section 8.03(b)). The Trustee shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Notes Securities or to the Company or to any other person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten Eight or otherwise. Each Paying Agent shall be subject to the same obligations under this Article Eight as is the Trustee.

Appears in 2 contracts

Samples: Indenture (General Chemical Group Inc), Indenture (Gentek Inc)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten with respect to any Senior Indebtedness that which may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness Indebtedness, and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) . With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically spe- cifically set forth in this Article TenArticle, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture In- denture against the Trustee. The Trustee shall not be deemed to owe any fiduciary fidu- ciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c) and 10.03(c) of this Indenture) and Sec- tion 8.03(b)). The Trustee shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Notes Securities or to the Company or to any other person cash, property or securities securi- ties to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten or otherwise.

Appears in 1 contract

Samples: Indenture (Newport News Shipbuilding Inc)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten Twelve with respect to any Senior Indebtedness that may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article TenTwelve, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c1202(c) and 10.03(c1203(c) of this Indenture) and shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Notes or to the Company or to any other person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten Twelve or otherwise.

Appears in 1 contract

Samples: Indenture (United Artists Theatre Co)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten Eight with respect to any Senior Indebtedness that may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness Indebtedness, and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) . With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article TenEight, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(cSection 8.02(c) and 10.03(c) of this Indenture) and or 8.03(b)). The Trustee shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Notes Securities or to the Company or to any other person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten Eight or otherwise.

Appears in 1 contract

Samples: Indenture (Digital Television Services of Kansas LLC)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten 10 with respect to any Senior Indebtedness that which may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness Indebtedness, and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) . With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article Ten10, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c) and 10.03(c) of this Indenture) and Section 10.03(b)). The Trustee shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Notes Securities or to the Company or to any other person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten 10 or otherwise.

Appears in 1 contract

Samples: Indenture (General Cable Corp /De/)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten with respect to any Senior Indebtedness that may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article Ten, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c) and 10.03(c) of this Indenture) and shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Notes or to the Company or any Subsidiary Guarantor or to any other person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten or otherwise.

Appears in 1 contract

Samples: Indenture (Knowles Electronics LLC)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent agent of the Company or the Trustee shall be entitled to all the rights set forth in this Article Ten with respect to any Senior Indebtedness that which may at 96 -88- any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture shall deprive the Trustee or any Paying Agent such agent of any of its rights as such holder. (b) . With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants duties, covenants, responsibilities and obligations as are specifically set forth in this Article Ten, and no implied covenants duties, covenants, responsibilities or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c) and 10.03(c) of this Indenture) and shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Notes Securities or to the Company or to any other person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten or otherwise. Whenever a distribution is to be made or a notice given to holders or owners of Senior Indebtedness, the distribution may be made and the notice may be given to their Representative, if any.

Appears in 1 contract

Samples: Indenture (Amcast Radio Sales Inc)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten Eight with respect to any Senior Indebtedness that which may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness Indebtedness, and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) . 71 -64- With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article TenEight, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c) and 10.03(c) of this Indenture) and Section 8.03(b)). The Trustee shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Notes Securities or to the Company or to any other person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten Eight or otherwise.

Appears in 1 contract

Samples: Indenture (Fedders North America Inc)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten Eleven with respect to any Senior Indebtedness that may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article TenEleven, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c11.03(c) and 10.03(c11.04(c) of this Indenture) and shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Notes or to the Company or to any other person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten Eleven or otherwise.

Appears in 1 contract

Samples: Indenture (Scotsman Industries Inc)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten Fourteen with respect to any Senior Indebtedness that may at any time be held by it in its individual or any other capacity to the same sane extent as any other holder of Senior Indebtedness and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article TenFourteen, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness indebtedness (except as provided in Sections 10.02(c1402(c) and 10.03(c1403(c) of this Indenture) and shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Notes Securities or to the Company or to any other person cash, property property, or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten Fourteen or otherwise.

Appears in 1 contract

Samples: Indenture (United Stationers Supply Co)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten X with respect to any Senior Indebtedness that may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article TenX, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c) and 10.03(c) of this Indenture) and shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Notes or to the Company or to any other person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten X or otherwise.

Appears in 1 contract

Samples: Indenture (Extended Stay America Inc)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten Thirteen with respect to any Senior Indebtedness that may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder; provided that nothing in this Section 13.8(a) shall apply to the Company or any Affiliate of the Company that is acting as Paying Agent. (b) With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article TenThirteen, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c13.2(c) and 10.03(c13.3(c) of this Indenture) and shall not be liable to any such holders if the Trustee shall in good faith (and provided such payment shall not constitute gross negligence) mistakenly pay over or distribute to Holders of Notes or to the Company or to any other person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten Thirteen or otherwise.

Appears in 1 contract

Samples: Indenture (510152 N B LTD)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying paying Agent shall be entitled to all the rights set forth in this Article Ten 10 with respect to any Senior Indebtedness that may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article Ten10, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except to the extent that it may hold funds for the benefit of the holders of Senior Indebtedness as provided in Sections 10.02(c10.2(c) and 10.03(c10.3(c) of this Indenture) and shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Notes or to the Company or to any other person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten or otherwise).

Appears in 1 contract

Samples: Indenture (Silgan Holdings Inc)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten 10 with respect to any Senior Indebtedness that which may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness Indebtedness, and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) . With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article Ten10, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c) and 10.03(c) of this Indenture) and Section 10.03(b)). The Trustee shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Notes Securities or to the Company or to any other person per- son cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten 10 or otherwise.

Appears in 1 contract

Samples: Indenture (Vail Resorts Inc)

Trustee's Relation to Senior Indebtedness. (a) The ----------------------------------------- Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten with respect to any Senior Indebtedness that may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article Ten, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c) and 10.03(c) of this Indenture) and shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Notes Debentures or to the Company or to any other person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten or otherwise.

Appears in 1 contract

Samples: Indenture (Silgan Holdings Inc)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and ----------------------------------------- any Paying Agent agent of the Company or the Trustee in its individual capacity shall be entitled to all the rights set forth in this Article Ten with IV in respect to of any Senior Indebtedness that may at any time be held by it in its individual or any other capacity it, to the same extent as any other holder of Senior Indebtedness Indebtedness, and nothing in Section 8.13 or elsewhere in this Indenture shall deprive the Trustee or any Paying Agent such agent of any of its rights as such holder. (b) . Nothing in this Article IV shall apply to claims of, or payments to, the Trustee under or pursuant to Section 8.6. With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article TenIV, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c) and, subject to the provisions of Section 4.2 and 10.03(c) of this Indenture) and Section 8.1, the Trustee shall not be liable to any such holders holder of Senior Indebtedness if the Trustee it shall in good faith mistakenly pay over or distribute deliver to Holders holders of Notes or to Debentures, the Company or to any other person cash, property money or securities assets to which any holders holder of Senior Indebtedness shall be entitled by virtue of this Article Ten IV or otherwise.

Appears in 1 contract

Samples: Indenture (Sequus Pharmaceuticals Inc)

Trustee's Relation to Senior Indebtedness. (a) The ----------------------------------------- Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten Eleven with respect to any Senior Indebtedness that may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article TenEleven, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c11.02(c) and 10.03(c11.03(c) of this Indenture) and shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Notes or to the Company or to any other person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten Eleven or otherwise.

Appears in 1 contract

Samples: Indenture (Urs Corp /New/)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten 11 with respect to any Senior Indebtedness that which may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness Indebtedness, and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) . With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article Ten11, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c) and 10.03(c) of this Indenture) and Indebtedness. The Trustee shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Notes or to the Company or to any other person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten 11 or otherwise.

Appears in 1 contract

Samples: Indenture (Encore Industries Inc /Ga)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten Eleven with respect to any Senior Indebtedness that may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article TenEleven, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c11.02(c) and 10.03(c11.03(c) of this Indenture) and shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Notes Securities or to the Company or to any other person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten Eleven or otherwise.

Appears in 1 contract

Samples: Indenture (GST Telecommunications Inc)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten with respect to any Senior Indebtedness that may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article Ten, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c) and 10.03(c) of this Indenture) and shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Notes or to the 87 80 Company or to any other person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten or otherwise.

Appears in 1 contract

Samples: Indenture (Primark Corp)

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Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten with respect to any Senior Indebtedness that may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article Ten, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c) and 10.03(c) of this Indenture) and shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Notes Debentures or to the Company or to any other person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten or otherwise.

Appears in 1 contract

Samples: Indenture (Regal Cinemas Inc)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten Eight with respect to any Senior Indebtedness that of the Company which may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness of the Company, and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) . With respect to the holders of Senior IndebtednessIndebtedness of the Company, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article TenEight, and no implied covenants or obligations with respect to the holders of Senior Indebtedness of the Company shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness of the Company (except as provided in Sections 10.02(c) and 10.03(c) of this Indenture) and Section 8.03(b)). The Trustee shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Notes Securities or to the Company or to any other person cash, property or securities to which any holders of Senior Indebtedness of the Company shall be entitled by virtue of this Article Ten Eight or otherwise.

Appears in 1 contract

Samples: Indenture (Scot Inc)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten Eight with respect to any Senior Indebtedness that which may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness Indebtedness, and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) . With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article TenEight, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c8.02(b) and 10.03(c) of this Indenture) and 8.03(b)). The Trustee shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Notes or to the Company or to any other person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten Eight or otherwise.

Appears in 1 contract

Samples: Indenture (Amo Holdings LLC)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten with respect to any Senior Indebtedness that which may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness Indebtedness, and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) . With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article Ten, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c10.02(b) and 10.03(c) of this Indenture) and 10.03(b )). The Trustee shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Notes or to the Company or to any other person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten or otherwise.

Appears in 1 contract

Samples: Indenture (Atlantic Broadband Management, LLC)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent in its individual capacity shall be entitled to all the rights set forth in this Article Ten with [_] in respect to of any Senior Indebtedness that may at any time be held by it in its individual or any other capacity it, to the same extent as any other holder of Senior Indebtedness Indebtedness, and nothing in Section [_] [Limitations on Rights of Trustee as Creditor] or elsewhere in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) . With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article Ten[_], and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c) and, subject to the provisions of Section [_] [Duties and 10.03(c) Obligations of this Indenture) and Trustee], the Trustee shall not be liable to any such holders holder of Senior Indebtedness if the Trustee it shall in good faith mistakenly pay over or distribute deliver to Holders holders of Notes Notes, [Quantum Corporation] or to the Company or to any other person cash, property money or securities assets to which any holders holder of Senior Indebtedness shall be entitled by virtue of this Article Ten [_] or otherwise.

Appears in 1 contract

Samples: Credit Agreement (Quantum Corp /De/)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten with respect to any Senior Indebtedness that which may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness Indebtedness, and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) . With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article Ten, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c10.02(b) and 10.03(c) of this Indenture) and 10.03(b)). The Trustee shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Notes or to the Company or to any other person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten or otherwise.

Appears in 1 contract

Samples: Indenture (Language Line Costa Rica, LLC)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten 14 with respect to any Senior Indebtedness that may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article Ten14, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c14.02(c) and 10.03(c14.03(c) of this Indenture) and shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Notes or to the Company or to any other person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten 14 or otherwise.

Appears in 1 contract

Samples: Indenture (Protection One Alarm Monitoring Inc)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten with respect to any Senior Indebtedness that may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article Ten, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c) and 10.03(c) of this Indenture) and shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Notes or to the Company or to any other person Person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten or otherwise.

Appears in 1 contract

Samples: Indenture (Silgan Holdings Inc)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten Eight with respect to any Senior Indebtedness that which may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness Indebtedness, and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) . With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article TenEight, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c) and 10.03(c) of this Indenture) and Section 8.03(b)). The Trustee shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Notes Securities or to the Company Issuers or to any other person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten Eight or otherwise.

Appears in 1 contract

Samples: Indenture (Aas Capital Corp)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent paying agent shall be entitled to all the rights set forth in this Article Ten XIV with respect to any Senior Indebtedness that may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture indenture shall deprive the Trustee or any Paying Agent paying agent of any of its rights as such holder. (b) With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article TenXIV, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c15.02(c) and 10.03(c) of this Indenture15.03(c)) and shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders holders of Notes or to the Company or to any other person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten XIV or otherwise.

Appears in 1 contract

Samples: Indenture (Agco Corp /De)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten 10 with respect to any Senior Indebtedness that may at any the time be held by it in its individual or any other capacity it, to the same extent as any other holder of Senior Indebtedness Indebtedness, and nothing in Section 7.11 or elsewhere in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) . Nothing in this Article 10 shall subordinate to Senior Indebtedness the claims of, or payments to, the Trustee under or pursuant to Section 7.07. With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article Ten, 10 and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee and the Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c) and 10.03(c) of this Indenture) and shall not be liable to any such holders holder of Senior Indebtedness if the Trustee it shall in good faith mistakenly pay over or distribute deliver to Holders of Notes or to Holders, the Company or to any other person cash, property Person monies or securities assets to which any holders holder of Senior Indebtedness shall be entitled by virtue of this Article Ten or otherwise.

Appears in 1 contract

Samples: Indenture (American Real Estate Finance Corp.)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten 4 with respect to any Senior Indebtedness that which may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness Indebtedness, and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) . With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article Ten4, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(cSection 4.02(b) and 10.03(c) of this Indenture) and 4.03(b)). The Trustee shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders holders of Notes or to the Company or to any other person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten 4 or otherwise.

Appears in 1 contract

Samples: Indenture (Advanced Medical Optics Inc)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten Four with respect to any Senior Indebtedness that may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article TenFour, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c4.02(c) and 10.03(c4.03(c) of this Indenture) and shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Notes Debentures or to the Company or to any other person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten Four or otherwise.

Appears in 1 contract

Samples: Subordinated Debenture Indenture (Viatel Inc)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent agent of any Guarantor or the Trustee shall be entitled to all the rights set forth in this Article Ten Eleven with respect to any Senior Indebtedness that which may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture shall deprive the Trustee or any Paying Agent such agent of any of its rights as such holder. (b) . With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article TenEleven, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of 117 -109- Senior Indebtedness (except as provided in Sections 10.02(c) and 10.03(c) of this Indenture) and shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to or on behalf of Holders of Notes or to the Company any such Guarantor or to any other person cash, property money or securities assets to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten Article, except if such payment is made as a result of willful misconduct or otherwisegross negligence of the Trustee. Whenever a distribution is to be made or a notice given to holders or owners of Senior Indebtedness, the distribution may be made and the notice given to their Representatives, if any.

Appears in 1 contract

Samples: Indenture (Carpenter W R North America Inc)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent agent of the Company or the Trustee shall be entitled to all the rights set forth in this Article Ten Eleven with respect to any Senior Indebtedness that which may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture shall deprive the Trustee or any Paying Agent such agent of any of its rights as such holder. (b) . With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article TenEleven, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c) and 10.03(c) of this Indenture) Indebtedness, and shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders or on behalf of Notes Securityholders or to the Company or to any other person cash, property money or securities assets to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten Eleven, except if such payment is made as a result of the willful misconduct or otherwisegross negligence of the Trustee. Whenever a distribution is to be made or a notice given to holders or owners of Senior Indebtedness, the distribution may be made and the notice may be given to their Representative, if any.

Appears in 1 contract

Samples: Indenture (Aearo CO I)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten with respect to any Senior Indebtedness that may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article Ten, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c) and 10.03(c) of this Indenture) and shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Notes or to the 73 81 Company or to any other person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten or otherwise.

Appears in 1 contract

Samples: Indenture (Scotsman Industries Inc)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten 15 with respect to any Senior Indebtedness that may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture indenture shall deprive the Trustee or any Paying Agent paying agent of any of its rights as such holder. (b) With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article Ten15, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c15.02(c) and 10.03(c15.03(c) of this Indenture) and shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders holders of Notes or to the Company or to any other person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten 15 or otherwise.

Appears in 1 contract

Samples: Indenture (Agco Corp /De)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent in ----------------------------------------- its individual capacity shall be entitled to all the rights set forth in this Article Ten with IV in respect to of any Senior Indebtedness that may at any time be held by it in its individual or any other capacity it, to the ---------- same extent as any other holder of Senior Indebtedness Indebtedness, and nothing in Section ------- 8.13 or elsewhere in this Indenture shall deprive the Trustee or any Paying Agent of any of its ---- rights as such holder. (b) . With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article TenIV, and no implied covenants or ---------- obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c) and 10.03(c) and, subject to the provisions of this Indenture) and Section 8.1, the Trustee shall not be liable to any such holders holder of ----------- Senior Indebtedness if the Trustee it shall in good faith mistakenly pay over or distribute deliver to Holders holders of Notes or to Securities, the Company or to any other person cash, property money or securities assets to which any holders holder of Senior Indebtedness shall be entitled by virtue of this Article Ten IV or otherwise.. ----------

Appears in 1 contract

Samples: Indenture (System Software Associates Inc)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten Nine with respect to any Senior Indebtedness that of the Company which may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness of the Company, and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) . With respect to the holders of Senior IndebtednessIndebtedness of the Company, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article TenNine, and no implied covenants or obligations with respect to the holders of Senior Indebtedness of the Company shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness of the Company (except as provided in Sections 10.02(c) and 10.03(c) of this Indenture) and Section 9.03(b)). The Trustee shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Notes or to the Company or to any other person cash, property or securities to which any holders of Senior Indebtedness of the Company shall be entitled by virtue of this Article Ten Nine or otherwise.

Appears in 1 contract

Samples: Senior Subordinated Indenture (Pasta Group L L C)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent agent of the Company or the Trustee shall be entitled to all the rights set forth in this Article Ten Seven with respect to any Senior Indebtedness that which may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture shall deprive the Trustee or any Paying Agent such agent of any of its rights as such holder. (b) . With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article TenSeven, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c) and 10.03(c) of this Indenture) and shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to or on behalf of Holders of Notes or to the Company or to any other person cash, property money or securities assets to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten Article, except if such payment is made as a result of willful misconduct or otherwisegross negligence of the Trustee.

Appears in 1 contract

Samples: Indenture (Carpenter W R North America Inc)

Trustee's Relation to Senior Indebtedness. (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Ten Eight with respect to any Senior Indebtedness that which may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness Indebtedness, and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder. (b) . With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article TenEight, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness (except as provided in Sections 10.02(c) and 10.03(c) of this Indenture) and Indebtedness. The Trustee shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Notes Securities or to the Company or to any other person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article Ten Eight or otherwise.

Appears in 1 contract

Samples: Indenture (Carson Products Co)

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