Common use of Authority of Trustee Clause in Contracts

Authority of Trustee. The Company acknowledges that the rights and responsibilities of the Trustee under this Trademark Security Agreement with respect to any action taken by the Trustee or the exercise or non-exercise by the Trustee of any option, right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Trademark Security Agreement shall, as between the Trustee and the Noteholders, be governed by the Indenture, but, as between the Trustee and the Company, the Trustee shall be conclusively presumed to be acting as agent for the Noteholders with full and valid authority so to act or refrain from acting, and the Company shall not be under any obligation, or entitlement, to make any inquiry respecting such authority.

Authority of Trustee. The Company acknowledges that the rights and responsibilities of the Trustee under this Trademark Security Pledge Agreement with respect to any action taken by the Trustee or the exercise or non-exercise by the Trustee of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Trademark Security Pledge Agreement shall, as between the Trustee and the Noteholders, be governed by the Indenture, but, as between the Trustee and the Company, the Trustee shall be conclusively presumed to be acting as agent for the Noteholders with full and valid authority so to act or refrain from acting, and neither the Company nor any Issuer shall not be under any obligation, or entitlement, to make any inquiry respecting such authority.

Authority of Trustee. The Company acknowledges that the rights and responsibilities of the Trustee under this Trademark Security Agreement with respect to any action taken by the Trustee or the exercise or non-exercise by the Trustee of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Trademark Security Agreement shall, as between the Trustee and the Noteholders, be governed by the Indenture, but, as between the Trustee and the Company, the Trustee shall be conclusively presumed to be acting as agent for the Noteholders with full and valid authority so to act or refrain from acting, and the Company shall not be under any no obligation, or entitlement, to make any inquiry respecting such authority.

Authority of Trustee. The Company acknowledges that the rights and responsibilities of the Trustee under this Trademark Patent Security Agreement with respect to any action taken by the Trustee or the exercise or non-exercise by the Trustee of any option, right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Trademark Patent Security Agreement shall, as between the Trustee and the Noteholders, be governed by the Indenture, but, as between the Trustee and the Company, the Trustee shall be conclusively presumed to be acting as agent for the Noteholders with full and valid authority so to act or refrain from acting, and the Company shall not be under any obligation, or entitlement, to make any inquiry respecting such authority.

Authority of Trustee. The Company acknowledges that the rights and responsibilities of the Trustee under this Trademark Copyright Security Agreement with respect to any action taken by the Trustee or the exercise or non-exercise by the Trustee of any option, right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Trademark Copyright Security Agreement shall, as between the Trustee and the Noteholders, be governed by the Indenture, but, as between the Trustee and the Company, the Trustee shall be conclusively presumed to be acting as agent for the Noteholders with full and valid authority so to act or refrain from acting, and the Company shall not be under any obligation, or entitlement, to make any inquiry respecting such authority.