Common use of Qualifying Trustee Clause in Contracts

Qualifying Trustee. Any trustee appointed pursuant to Section 8.05 for the purpose of holding trust funds deposited pursuant to that Section shall be appointed under a written agreement not inconsistent with the provisions of this Indenture, and the Company shall provide to the Trustee an Officer’s Certificate and an Opinion of Counsel, upon which certificate and opinion the Trustee shall be entitled to conclusively rely, that all conditions precedent provided for herein to the related Defeasance or Covenant Defeasance have been complied with. In no event shall the Trustee be liable for any acts or omissions of said trustee.

Appears in 1 contract

Sources: Indenture (Prudential Financial Inc)

Qualifying Trustee. Any trustee appointed pursuant to Section 8.05 12.04 for the purpose of holding trust funds deposited pursuant to that Section shall be appointed under a written an agreement not inconsistent with in form acceptable to the provisions of this Indenture, Indenture Trustee and the Company shall provide to the Indenture Trustee an Officer’s Certificate and an Opinion a certificate of Counselsuch trustee, upon which certificate and opinion the Indenture Trustee shall be entitled to conclusively rely, that all conditions precedent provided for herein to the related Defeasance or Covenant Defeasance have been complied with. In no event shall the Indenture Trustee be liable for any acts or omissions of said trustee.

Appears in 1 contract

Sources: Indenture (Hartford Life Insurance Co)