Certificate re Default Sample Clauses

Certificate re Default. In addition to the Corporation’s obligations under Section 12.5(d), the Corporation shall provide a Certificate of the Corporation to the Trustee promptly upon any such officer obtaining knowledge of any Event of Default that has occurred and, if applicable, describing such Event of Default and the status thereof. The Trustee shall not be bound to give any notice or do or take any act, action or proceeding by virtue of the powers conferred on it hereby unless and until it shall have been required so to do under the terms hereof; nor shall the Trustee be required to take notice of any Event of Default hereunder, unless and until notified in writing of such Event of Default, which notice shall distinctly specify the Event of Default desired to be brought to the attention of the Trustee and in the absence of any such notice the Trustee may for all purposes of this Trust Indenture conclusively assume that no Event of Default has been made in the observance or performance of any of the representations, warranties, covenants, agreements or conditions contained herein. Any such notice shall in no way limit any discretion given to the Trustee to determine whether or not the Trustee shall take any action with respect to any Event of Default.