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

Trustee's Relation to Senior Indebtedness. 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 XIII, 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 and the Trustee shall not be liable to any holder of Senior Indebtedness if it shall mistakenly pay over or deliver to Holders of Securities, the Company or any other Person moneys or assets to which any holder of Senior Indebtedness shall be entitled by virtue of this Article XIII or otherwise.

Appears in 3 contracts

Samples: Indenture (Ingersoll Rand Co), Indenture (Ingersoll Rand Co), Indenture (Ingersoll Rand Co)

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Trustee's Relation to Senior Indebtedness. 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 XIII11, 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 and the Trustee shall not be liable to any holder of Senior Indebtedness if it shall mistakenly pay over or deliver to Holders of SecuritiesHolders, the Company Issuers or any other Person moneys or assets to which any holder of Senior Indebtedness shall be entitled by virtue of this Article XIII 11 or otherwise.

Appears in 3 contracts

Samples: Indenture (Petersen Holdings LLC), Indenture (Transwestern Holdings Lp), Indenture (TWP Capital Corp Ii)

Trustee's Relation to Senior Indebtedness. With respect to the holders of Senior Indebtedness, notwithstanding any other provisions of this Indenture, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article XIII, 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 and the Trustee shall not be liable to any holder of Senior Indebtedness if it shall mistakenly (but not as a result of willful misconduct or gross negligence of the Trustee) pay over or deliver to Holders of SecuritiesHolders, the Company or any other Person moneys or assets to which any holder of Senior Indebtedness shall be entitled by virtue of this Article XIII or otherwise.

Appears in 3 contracts

Samples: Indenture (Pogo Producing Co), Indenture (Pogo Producing Co), Indenture (Pogo Producing Co)

Trustee's Relation to Senior Indebtedness. With respect to the holders of Senior Indebtedness, notwithstanding any other provisions of the Indenture, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article XIIIXIV, 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 and the Trustee shall not be liable to any holder of Senior Indebtedness if it shall mistakenly pay over or deliver to Holders of SecuritiesHolders, the Company or any other Person person moneys or assets to which any holder of Senior Indebtedness shall be entitled by virtue of this Article XIII XIV or otherwise.

Appears in 2 contracts

Samples: Indenture (Flores & Rucks Inc /De/), Indenture (Ocean Energy Inc)

Trustee's Relation to Senior Indebtedness. With respect to the holders of Senior Indebtedness, notwithstanding any other provisions of this Indenture, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article XIII, 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 and the Trustee shall not be liable to any holder of Senior Indebtedness if it shall mistakenly (but not as a result of willful misconduct or gross negligence of the Trustee) pay over or deliver to Holders of SecuritiesHolders, the Company or any other Person person moneys or assets to which any holder of Senior Indebtedness shall be entitled by virtue of this Article XIII or otherwise.

Appears in 2 contracts

Samples: Indenture (Cross Timbers Oil Co), Indenture (Xto Energy Inc)

Trustee's Relation to Senior Indebtedness. 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 XIIIEight, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture Article Eight against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness and the Trustee shall not be liable to any holder of Senior Indebtedness if it shall mistakenly pay over or deliver to Holders of SecuritiesHolders, the Company or any other Person moneys or assets to which any holder of Senior Indebtedness shall be entitled by virtue of this Article XIII Eight or otherwise.

Appears in 2 contracts

Samples: Indenture (Trism Inc /De/), Indenture (Trism Inc /De/)

Trustee's Relation to Senior Indebtedness. With respect to the holders of Senior Indebtedness, the Trustee for each series of Securities undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article XIIIFourteen, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the such Trustee. The Trustee for each series of Securities shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness and the such Trustee shall not be liable to any holder of Senior Indebtedness if it shall mistakenly pay over or deliver to Holders of Securities, the Company Company, the Guarantor (in the case of Guaranteed Securities) or any other Person Person, moneys or assets to which any holder of Senior Indebtedness shall be entitled by virtue of this Article XIII Fourteen or otherwise.

Appears in 1 contract

Samples: Indenture (Ingersoll Rand Co LTD)

Trustee's Relation to Senior Indebtedness. 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 XIII10, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture Article 10 against the TrusteeTrustee or shall otherwise be deemed to exist. The Trustee shall not be deemed to owe any fiduciary or other duty to the holders of Senior Indebtedness and the Trustee shall not be liable to any holder of Senior Indebtedness if it shall mistakenly pay over or deliver to Holders of SecuritiesHolders, the Company or any other Person moneys or assets to which any holder of Senior Indebtedness shall be entitled by virtue of this Article XIII 10 or otherwise, unless such mistaken payment or delivery is made as a result of any negligent act, negligent failure to act or willful misconduct on the part of the Trustee.

Appears in 1 contract

Samples: Indenture (Associated Materials Inc)

Trustee's Relation to Senior Indebtedness. 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 XIIIEleven (and in Article Ten with respect to any Guarantor Senior Indebtedness), 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 and the Trustee shall not be liable to any holder of Senior Indebtedness if it shall mistakenly pay over or deliver to Holders of SecuritiesHolders, the Company Company, any Note Guarantor or any other Person moneys or assets to which any holder of Senior Indebtedness shall be entitled by virtue of this Article XIII Eleven or otherwise.

Appears in 1 contract

Samples: Indenture (Mettler Toledo Holding Inc)

Trustee's Relation to Senior Indebtedness. 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 XIIIThirteen, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture Article Thirteen against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness and the Trustee shall not be liable to any holder of Senior Indebtedness if it shall in good faith mistakenly (absent willful misconduct) pay over or deliver to Holders of SecuritiesHolders, the Company or any other Person moneys or assets to which any holder of Senior Indebtedness shall be entitled by virtue of this Article XIII Thirteen or otherwise.. ARTICLE FOURTEEN

Appears in 1 contract

Samples: Exhibit (Brooks Pharmacy, Inc.)

Trustee's Relation to Senior Indebtedness. 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 XIII10, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture Article 10 against the TrusteeTrustee or shall otherwise be deemed to exist. The Trustee shall not be deemed to owe any fiduciary or other duty to the holders of Senior Indebtedness and the Trustee shall not be liable to any holder of Senior Indebtedness if it shall mistakenly pay over or deliver to Holders of SecuritiesHolders, the Company or any other Person moneys or assets to which any holder of Senior Indebtedness 72 80 shall be entitled by virtue of this Article XIII 10 or otherwise, unless such mistaken payment or delivery is made as a result of any negligent act, negligent failure to act or willful misconduct on the part of the Trustee.

Appears in 1 contract

Samples: Indenture (Associated Materials Inc)

Trustee's Relation to Senior Indebtedness. With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its the covenants and obligations of the Trustee as are specifically set forth in this Article XIII10, and no implied covenants or obligations of the Trustee 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 or other duty to the holders of Senior Indebtedness Indebtedness, and the Trustee shall not be liable to any holder of Senior Indebtedness if it shall mistakenly pay over or deliver to Holders of SecuritiesHolders, the Company or any other Person moneys or assets to which any holder of Senior Indebtedness shall be entitled by virtue of this Article XIII 10 or otherwise.

Appears in 1 contract

Samples: Indenture (Capstar Broadcasting Partners Inc)

Trustee's Relation to Senior Indebtedness. With respect to the holders of Senior IndebtednessIndebt- edness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article XIIIEleven (and in Article Ten with respect to any Guarantor Senior Indebtedness), 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 and the Trustee shall not be liable to any holder of Senior Indebtedness if it shall mistakenly pay over or deliver to Holders of SecuritiesHolders, the Company Company, any Note Guarantor or any other Person moneys or assets to which any holder of Senior Indebtedness shall be entitled by virtue of this Article XIII Eleven or otherwiseother- wise.

Appears in 1 contract

Samples: Indenture (Mettler Toledo Holding Inc)

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Trustee's Relation to Senior Indebtedness. With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its the covenants and obligations of the Trustee as are specifically set forth in this Article XIIIX, and no implied covenants or obligations of the Trustee with respect to the holders of Senior Indebtedness Indebtedness, shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary or other duty to the holders of Senior Indebtedness and the Trustee shall not be liable to any holder of Senior Indebtedness if it shall mistakenly pay over or deliver to Holders of SecuritiesHolders, the Company or any other Person moneys or assets to which any holder of Senior Indebtedness Indebtedness, shall be entitled by virtue of this Article XIII X or otherwise.

Appears in 1 contract

Samples: Indenture (Lamar Advertising Co)

Trustee's Relation to Senior Indebtedness. With respect to the holders 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 XIIIFourteen (and in Article Thirteen with respect to any Guarantor Senior Indebtedness of the respective Guarantors), and no implied covenants or obligations with respect to the holders 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 Holders of Senior Indebtedness and the Trustee shall not be liable to any holder Holder of Senior Indebtedness if it shall mistakenly pay over or deliver to Holders of SecuritiesHolders, the Company Company, the Guarantors or any other Person person moneys or assets to which any holder Holder of Senior Indebtedness shall be entitled by virtue of this Article XIII Fourteen or otherwise.

Appears in 1 contract

Samples: Indenture (Gsi Group Inc)

Trustee's Relation to Senior Indebtedness. With respect to the holders of Senior Indebtedness, notwithstanding any other provisions of this Indenture, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article XIII, 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 and the Trustee shall not be liable to any holder of Senior Indebtedness if it shall mistakenly (but not as a result of willful misconduct or gross negligence of the Trustee) pay over or 108 deliver to Holders of SecuritiesHolders, the Company or any other Person person moneys or assets to which any holder of Senior Indebtedness shall be entitled by virtue of this Article XIII or otherwise.

Appears in 1 contract

Samples: Indenture (Cross Timbers Oil Co)

Trustee's Relation to Senior Indebtedness. With respect to the holders of Senior Indebtedness, notwithstanding any other provisions of this Indenture, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article XIII, 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 and the Trustee shall not be liable to any holder of Senior Indebtedness if it shall mistakenly (but without negligence, willful misconduct or bad faith) pay over or deliver to Holders of SecuritiesHolders, the Company or any other Person moneys or assets to which any holder of Senior Indebtedness shall be entitled by virtue of this Article XIII or otherwise.

Appears in 1 contract

Samples: Indenture (Petsec Energy Inc)

Trustee's Relation to Senior Indebtedness. With respect to the holders of Senior Indebtedness, notwithstanding any other provisions of this Indenture, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article XIIIXIV, 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 and the Trustee shall not be liable to any holder of Senior Indebtedness if it shall mistakenly pay over or deliver to Holders of SecuritiesHolders, the Company or any other Person moneys or assets to which any holder of Senior Indebtedness shall be entitled by virtue of this Article XIII XIV or otherwise.

Appears in 1 contract

Samples: Indenture (Ocean Energy Inc)

Trustee's Relation to Senior Indebtedness. With respect to the holders of Senior IndebtednessIndebtedness in cash or Cash Equivalents, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article XIIITwelve, 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 and the Trustee shall not be liable to any holder of Senior Indebtedness if it shall mistakenly pay over or deliver to Holders of SecuritiesHolders, the Company or any other Person personal moneys or assets to which any holder of Senior Indebtedness shall be entitled by virtue of this Article XIII Twelve or otherwise.

Appears in 1 contract

Samples: Indenture (Golden Sky Systems Inc)

Trustee's Relation to Senior Indebtedness. 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 XIIIEleven (and in Article 10 with respect to any Guarantor Senior Indebtedness), 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 and the Trustee shall not be liable to any holder of Senior Indebtedness if it shall mistakenly pay over or deliver to Holders of SecuritiesHolders, the Company Company, any Note Guarantor or any other Person moneys or assets to which any holder of Senior Indebtedness shall be entitled by virtue of this Article XIII Eleven or otherwise.

Appears in 1 contract

Samples: Indenture (Telegroup Inc)

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