Common use of Conditions Precedent to Trustee’s Obligation to Act Clause in Contracts

Conditions Precedent to Trustee’s Obligation to Act. The Trustees shall not be bound to give any notice or take any action or proceeding unless they are required to do so under the terms of this Indenture. No Trustee shall be required to take notice of an Event of Default under this Indenture, other than in respect of payment of any money required by any provision of this Indenture to be paid to it, unless and until such Trustee is notified in writing of such Event of Default by any Holder or the Issuer. In the absence of such notice, the Trustees may for all purposes of this Indenture assume that no Event of Default has occurred. The obligation of any Trustee to commence or continue any act, action or proceeding under this Indenture shall be conditional upon its receipt of the following:

Conditions Precedent to Trustee’s Obligation to Act. The Trustees Trustee shall not be bound to give any notice or take any action or proceeding unless they are it is required to do so under the terms of this Indenture. No The Trustee shall not be required to take notice of an Event of Default under this Indenture, other than in respect of payment of any money required by any provision of this Indenture to be paid to it, unless and until such the Trustee is notified in writing of such Event of Default by any Holder Noteholder or the IssuerCorporation, of such Event of Default. In the absence of such notice, written notice the Trustees Trustee may for all purposes of this Indenture assume that no Event of Default has occurred. The obligation of any the Trustee to commence or continue any act, action or proceeding under this Indenture shall be conditional upon its receipt of the following:

Conditions Precedent to Trustee’s Obligation to Act. The Trustees Trustee shall not be bound to give any notice or take any action or proceeding unless they are it is required to do so under the terms of this Indenture. No The Trustee shall not be required to take notice of an Event of Default under this Indenture, other than in respect of payment of any money required by any provision of this Indenture to be paid to it, unless and until such the Trustee is notified in writing of such Event of Default by any Holder Debentureholder or the IssuerCorporation. In the absence of such notice, written notice the Trustees Trustee may for all purposes of this Indenture assume that no Event of Default has occurred. The obligation of any the Trustee to commence or continue any act, action or proceeding under this Indenture shall be conditional upon its receipt of the following:

Conditions Precedent to Trustee’s Obligation to Act. The Trustees Trustee shall not be bound to give any notice or take any action or proceeding unless they are it is required to do so under the terms of this Indenture. No The Trustee shall not be required to take notice of an Event of Default under this Indenture, other than in respect of payment of any money required by any provision of this Indenture to be paid to it, unless and until such the Trustee is notified in writing of such Event of Default by any Holder Noteholder or the IssuerCorporation, or has specific knowledge of such Event of Default. In the absence of such noticenotice or knowledge, the Trustees Trustee may for all purposes of this Indenture assume that no Event of Default has occurred. The obligation of any the Trustee to commence or continue any act, action or proceeding under this Indenture shall be conditional upon its receipt of the following: