Common use of Authority of Trustee Clause in Contracts

Authority of Trustee. Each Grantor acknowledges that the rights and responsibilities of the Trustee under this 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 Patent Security Agreement shall, as between the Trustee and the Noteholders, be governed by the Indenture, but, as between the Trustee and each Grantor, 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 each Grantor shall not be under any obligation, or entitlement, to make any inquiry respecting such authority.

Authority of Trustee. Each Grantor acknowledges that the rights and responsibilities of the Trustee under this Patent 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 Patent Trademark Security Agreement shall, as between the Trustee and the Noteholders, be governed by the Indenture, but, as between the Trustee and each Grantor, 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 each Grantor shall not be under any obligation, or entitlement, to make any inquiry respecting such authority.

Authority of Trustee. Each Grantor acknowledges that the rights and responsibilities of the Trustee under this Patent 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 Patent Copyright Security Agreement shall, as between the Trustee and the Noteholders, be governed by the Indenture, but, as between the Trustee and each any Grantor, 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 each such Grantor shall not be under any obligation, or entitlement, to make any inquiry respecting such authority.

Authority of Trustee. Each Grantor acknowledges that the rights and responsibilities of the Trustee under this Patent 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 Patent Security Agreement shall, as between the Trustee and the Noteholders, be governed by the Indenture, but, as between the Trustee and each such Grantor, 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 each such Grantor shall not be under any obligation, or entitlement, to make any inquiry respecting such authority.

Authority of Trustee. Each Grantor acknowledges that the rights -------------------- and responsibilities of the Trustee under this Patent 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 Patent Security Agreement shall, as between the Trustee and the NoteholdersHolders, be governed by the Indenture, but, as between the Trustee and each the Grantor, the Trustee shall be conclusively presumed to be acting as agent Trustee for the Noteholders Holders with full and valid authority so to act or refrain from acting, and each Grantor shall not be under any obligation, or entitlement, entitlement to make any inquiry respecting such authority.