Common use of Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice Clause in Contracts

Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice. The Trustee shall not at any time be charged with knowledge of the existence of any facts which would prohibit the making of any payment to or by the Trustee unless and until a Trust Officer of the Trustee or any Paying Agent shall have received, no later than one Business Day prior to such payment, written notice thereof from the Company or from one or more holders of Senior Indebtedness or from any representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 7.1 and 7.2, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 5 contracts

Samples: Indenture (Occusystems Inc), Execution Copy (Getty Images Inc), Tower Automotive Inc

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Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice. The Trustee shall not at any time be charged with knowledge of the existence of any facts which that would prohibit the making of any payment to or by the Trustee unless and until a Trust Responsible Officer of the Trustee or any Paying Agent shall have received, no later than one two Business Day Days prior to such payment, written notice thereof from the Company or from one or more holders of Senior Indebtedness Debt or from any representative therefor thereof and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 7.1 7.01 and 7.27.02, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 4 contracts

Samples: Indenture (Conocophillips Co), PostRock Energy Corp, Shell International Finance B.V.

Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice. The Trustee shall not at any time be charged with knowledge of the existence of any facts which would prohibit the making of any payment to or by the Trustee unless and until a Trust Officer of the Trustee or any Paying Agent shall have received, no later than one Business Day prior to such payment, written notice thereof from the Company or from one or more holders of Senior Indebtedness Debt or from any representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 7.1 and 7.2, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 4 contracts

Samples: Indenture (Talk Radio Network Inc), Indenture (Multiverse Acquisition Corp), Noble Broadcast Group Inc /Oh/

Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice. The Trustee shall not at any time be charged with knowledge of the existence of any facts which would prohibit the making of any payment to or by the Trustee unless and until a Trust Responsible Officer of the Trustee or any Paying Agent shall have received, no later than one the close of business on the Business Day prior to the date of such payment, written notice thereof from the Company or from one or more holders of Senior Indebtedness or from any representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 7.1 7.01 and 7.27.02, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 4 contracts

Samples: Indenture (Lamar Advertising Co/New), Lamar Advertising Co/New, Lamar Advertising Co/New

Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice. The Trustee shall not at any time be charged with knowledge of the existence of any facts which would prohibit the making of any payment to or by the Trustee unless and until a Trust Officer of the Trustee or any Paying Agent shall have received, no later than one Business Day prior to such payment, payment written notice thereof from the Company or from one or more holders of Senior Indebtedness Debt or from any representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 7.1 and 7.2, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 4 contracts

Samples: Tia Indenture (Sun Healthcare Group Inc), Tia Indenture (Sun Healthcare Group Inc), Tri City Dialysis Center Inc

Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice. The Trustee shall not at any time be charged with knowledge of the existence of any facts which that would prohibit the making of any payment to or by the Trustee unless and until a Trust Responsible Officer of the Trustee or any Paying Agent shall have received, no later than one two Business Day Days prior to such payment, written notice thereof from the Company or from one or more holders of Senior Indebtedness Debt or from any representative therefor Representative thereof and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 7.1 7.01 and 7.27.02, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 2 contracts

Samples: First Supplemental Indenture (Hilltop Holdings Inc.), Second Supplemental Indenture (Hilltop Holdings Inc.)

Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice. The Trustee shall not at any time be charged with knowledge of the existence of any facts which would prohibit the making of any payment to or by the Trustee unless and until a Trust Officer of the Trustee or any Paying Agent shall have received, no later than one two Business Day Days prior to such payment, written notice thereof from the Company or from one or more holders of Senior Indebtedness Debt or from any representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 7.1 and 7.2, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 2 contracts

Samples: Universal Outdoor Inc, Universal Outdoor Inc

Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice. The Trustee shall not at any time be charged with knowledge of the existence of any facts which that would prohibit the making of any payment to or by the Trustee unless and until a Trust Responsible Officer of the Trustee or any Paying Agent shall have received, no later than one Business Day prior to such payment, written received notice thereof from the Company or any Guarantor or from one or more holders of Guarantor Senior Indebtedness Debt or from any representative Representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 7.1 7.01 and 7.27.02, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 2 contracts

Samples: Indenture (Huntsman CORP), Indenture (Huntsman CORP)

Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice. The Trustee shall not at any time be charged with knowledge of the existence of any facts which that would prohibit the making of any payment to or by the Trustee unless and until a Trust Responsible Officer of the Trustee or any Paying Agent shall have received, no later than one two Business Day Days prior to such payment, written notice thereof from the Company or the Guarantor or from one or more holders of Senior Indebtedness Debt or from any representative therefor thereof and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 7.1 7.01 and 7.27.02, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 2 contracts

Samples: Indenture (Shell International Finance B.V.), Shell International Finance B.V.

Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice. The Trustee shall not at any time be charged with knowledge of the existence of any facts which would prohibit the making of any payment to or by the Trustee unless and until a Trust Officer of the Trustee or any Paying Agent shall have received, no later than one two Business Day Days prior to such payment, written notice thereof from the Company or from one or more holders of Senior Indebtedness or from any representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 7.1 and 7.2, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 1 contract

Samples: Indenture (Pride Petroleum Services Inc)

Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice. The Trustee shall not at any time be charged with knowledge of the existence of any facts which would prohibit the making of any payment to or by the Trustee unless and until a Trust Officer of the Trustee or any Paying Agent shall have received, no later than one Business Day prior to such payment, written notice thereof from the Company or from one or more holders of Senior Indebtedness Debt or from any representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 7.1 and 7.2, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 1 contract

Samples: Universal Outdoor Inc

Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice. The Trustee shall not at any time be charged with knowledge of the existence of any facts which would prohibit the making of any payment to or by the Trustee unless and until a Trust Officer of the Trustee or any Paying Agent shall have received, no later than one Business Day prior to such payment, written notice thereof from the Company or from one or more holders of Senior Indebtedness or from any representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 7.1 and 7.2, shall be entitled in all respects conclusively to assume that no such fact exists.. 60

Appears in 1 contract

Samples: Pride Petroleum Services Inc

Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice. The Trustee shall not at any time be charged with knowledge of the existence of any facts which would prohibit the making of any payment to or by the Trustee unless and until a Trust Officer of the Trustee or any Paying Agent shall have received, no later than one two Business Day Days prior to such payment, written notice thereof from the Company Issuers or from one or more holders of Senior Indebtedness Debt or from any representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 7.1 and 7.2, shall be entitled in all respects conclusively to assume that no such fact exists. The Issuers shall give prompt written notice to the Trustee of any fact actually known to the Issuers which would prohibit the making of any payment to or by the Trustee in respect of the Subordinated Debt Securities.

Appears in 1 contract

Samples: Indenture (Sun International Hotels LTD)

Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice. The Trustee shall not at any time be charged with knowledge of the existence of any facts which would prohibit the making of any payment to or by the Trustee unless and until a Trust Officer of the Trustee or any Paying Agent shall have received, no later than one three Business Day Days prior to such payment, written notice thereof from the Company or from one or more holders of Senior Indebtedness or from any representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 7.1 and 7.2, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 1 contract

Samples: Indenture (Us Foodservice/Md/)

Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice. The Trustee shall not at any time be charged with knowledge of the existence of any facts which would prohibit the making of any payment to or by the Trustee unless and until a Trust Officer of the Trustee or any Paying Agent shall have received, no later than one Business Day prior to such payment, written notice thereof from the Company or from one or more holders of Senior Indebtedness Debt or from any representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 7.1 and 7.2, shall be entitled in all respects conclusively to assume that no such fact exists.. 121

Appears in 1 contract

Samples: Noble Broadcast Group Inc /Oh/

Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice. The Trustee shall not at any time be charged with knowledge of the existence of any facts which that would prohibit the making of any payment to or by the Trustee unless and until a Trust Officer of the Trustee or any Paying Agent shall have received, no later than one Business Day prior to such payment, written received notice thereof from the Company or any Subsidiary Guarantor or from one or more holders of Guarantor Senior Indebtedness or from any representative Representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 7.1 7.01 and 7.27.02, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 1 contract

Samples: 3003969 Nova Scotia LTD

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Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice. The Trustee shall not at any time be charged with knowledge of the existence of any facts which that would prohibit the making of any payment to or by the Trustee unless and until a Trust Responsible Officer of the Trustee or any Paying Agent shall have received, no later than one two Business Day Days prior to such payment, written notice thereof from the Company or from one or more holders of Senior Indebtedness or from any representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 7.1 7.01 and 7.27.02, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 1 contract

Samples: R&b Falcon Corp

Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice. The Trustee shall not at any time be charged with knowledge of the existence of any facts which would prohibit the making of any payment to or by the Trustee unless and until a Trust Officer of the Trustee or any Paying Agent shall have received, no later than one Business Day prior to such payment, payment written notice thereof from the Company or from one or more holders of Senior Indebtedness Debt or from any representative therefor and, prior to the receipt of 92 any such written notice, the Trustee, subject to the provisions of Sections 7.1 and 7.2, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 1 contract

Samples: Tia Indenture (Wichita Manufacturing Inc)

Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice. The Trustee shall not at any time be charged with knowledge of the existence of any facts which that would prohibit the making of any payment to or by the Trustee unless and until a Trust Responsible Officer of the Trustee or any Paying Agent shall have received, no later than one two Business Day Days prior to such payment, written notice thereof from the Company or from any Guarantor or from one or more holders of Senior Indebtedness or from any representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 7.1 601 and 7.2603, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 1 contract

Samples: Key Energy Services Inc

Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice. The Trustee shall not at any time be charged with knowledge of the existence of any facts which that would prohibit the making of any payment to or by the Trustee unless and until a Trust Officer of the Trustee or any Paying Agent shall have received, no later than one Business Day prior to such payment, written received notice thereof from the Company or any Subsidiary Guarantor or from one or more holders of Guarantor Senior Indebtedness or from any representative Representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 7.1 8.01 and 7.28.02, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 1 contract

Samples: Bay Area Warehouse Stores Inc

Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice. The Trustee shall not at any time be charged with knowledge of the existence of any facts which would prohibit the making of any payment to or by the Trustee unless and until a Trust Officer of the Trustee or any Paying Agent shall have received, no later than one two Business Day Days prior to such payment, written notice thereof from the Company Issuer or from one or more holders of Senior Indebtedness Debt or from any representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 7.1 and 7.2, shall be entitled in all respects conclusively to assume that no such fact exists. The Issuer shall give prompt written notice to the Trustee of any fact actually known to the Issuer which would prohibit the making of any payment to or by the Trustee in respect of the Securities.

Appears in 1 contract

Samples: Indenture (Kerzner International Employment Services LTD)

Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice. The Trustee shall not at any time be charged with knowledge of the existence of any facts which would prohibit the making of any payment to or by the Trustee unless and until a Trust Officer of the Trustee or any Paying Agent shall have received, no later than one three Business Day Days prior to such payment, payment written notice thereof from the Company or from one or more holders of Senior Indebtedness Debt or from any representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 7.1 and 7.2, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 1 contract

Samples: Penton Media Inc

Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice. The Trustee shall not at any time be charged with knowledge of the existence of any facts which would prohibit the making of any payment to or by the Trustee unless and until a Trust Officer of the Trustee or any Paying Agent shall have received, no later than one Business Day prior to such payment, written notice thereof in the manner required under Section 11.2 from the Company or from one or more holders of Senior Indebtedness or from any representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 7.1 and 7.2, shall be entitled in all respects conclusively to assume that no such fact existsfacts exist.

Appears in 1 contract

Samples: Indenture (Gamco Investors, Inc. Et Al)

Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice. The Trustee shall not at any time be charged with knowledge of the existence of any facts which that would prohibit the making of any payment to or by the Trustee unless and until a Trust Responsible Officer of the Trustee or any Paying Agent shall have received, no later than one two Business Day Days prior to such that payment, written notice thereof from the Company or from one or more holders of Senior Indebtedness or from any representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 7.1 8.01 and 7.28.02, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 1 contract

Samples: Indenture (Maverick Tube Corporation)

Trustee Entitled to Assume Payments Not Prohibited in Absence of Notice. The Trustee shall not at any time be charged with knowledge of the existence of any facts which would prohibit the making of any payment to or by the Trustee unless and until a Trust Officer of the Trustee or any Paying Agent shall have received, no later than one two Business Day Days prior to such payment, written notice thereof from the Company Issuers or from one or more holders of Senior Indebtedness Debt or from any representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 7.1 and 7.2, shall be entitled in all respects conclusively to assume that no such fact exists. The Issuers shall give prompt written notice to the Trustee of any fact actually known to the Issuers which would prohibit the making of any payment to or by the Trustee in respect of the Securities.

Appears in 1 contract

Samples: Indenture (Sun International North America Inc)

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