Common use of Right of Trustee to Rely on an Officers Clause in Contracts

Right of Trustee to Rely on an Officers. Certificate ---------------------------------------------------- Where No Other Evidence Specifically Prescribed. Except as otherwise provided ------------------------------------------------ in Section 7.01, whenever in the administration of the provisions of this Indenture the Trustee shall deem it necessary or desirable that a matter be proved or established prior to taking or suffering or omitting any action hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may, in the absence of negligence or bad faith on the part of the Trustee, be deemed to be conclusively proved and established by an Officers' Certificate delivered to the Trustee and such certificate, in the absence of negligence or bad faith on the part of the Trustee, shall be full warrant to the Trustee for any action taken, suffered or omitted by it under the provisions of this Indenture upon the faith thereof.

Appears in 2 contracts

Samples: Chirex Inc, Vintage Petroleum Capital I

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Right of Trustee to Rely on an Officers. Certificate ---------------------------------------------------- Where No Other Evidence Specifically Prescribed. Except as otherwise provided ------------------------------------------------ in ----------------------------------------------- Section 7.01, whenever in the administration of the provisions of this the Indenture the Trustee shall deem it necessary or desirable that a matter be proved or established prior to taking or suffering or omitting any action hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may, in the absence of negligence or bad faith on the part of the Trustee, be deemed to be conclusively proved and established by an Officers' Certificate delivered to the Trustee and such certificate, in the absence of negligence or bad faith on the part of the Trustee, shall be full warrant to the Trustee for any action taken, suffered or omitted by it under the provisions of this the Indenture upon the faith thereof.

Appears in 1 contract

Samples: Plains All American Pipeline Lp

Right of Trustee to Rely on an Officers. Certificate ---------------------------------------------------- Where No Other Evidence Specifically Prescribed. Except as otherwise ----------------------------------------------------------- provided ------------------------------------------------ in Section 7.01, whenever in the administration of the provisions of this the Indenture the Trustee shall deem it necessary or desirable that a matter be proved or established prior to taking or suffering or omitting any action hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may, in the absence of negligence or bad faith on the part of the Trustee, be deemed to be conclusively proved and established by an Officers' Certificate delivered to the Trustee and such certificate, in the absence of negligence or bad faith on the part of the Trustee, shall be full warrant to the Trustee for any action taken, suffered or omitted by it under the provisions of this the Indenture upon the faith thereof.

Appears in 1 contract

Samples: Plains All American Pipeline Lp

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Right of Trustee to Rely on an Officers. Certificate ---------------------------------------------------- Where ---------------------------------------------------------- No Other Evidence Specifically Prescribed. Except as otherwise provided ------------------------------------------------ in ----------------------------------------- Section 7.01, whenever in the administration of the provisions of this Indenture the Trustee shall deem it necessary or desirable that a matter be proved or established prior to taking or suffering or omitting any action hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may, in the absence of negligence or bad faith on the part of the Trustee, be deemed to be conclusively proved and established by an Officers' Certificate delivered to the Trustee and such certificate, in the absence of negligence or bad faith on the part of the Trustee, shall be full warrant to the Trustee for any action taken, suffered or omitted by it under the provisions of this Indenture upon the faith thereof.

Appears in 1 contract

Samples: Electronic Data Systems Corp /De/

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