Common use of Trustee's Relation to Senior Debt Clause in Contracts

Trustee's Relation to Senior Debt. With respect to the holders of Senior Debt, the Trustee is to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article 12, and no implied covenants or obligations with respect to the holders of Senior Debt shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Debt and the Trustee shall not be liable to any holder of Senior Debt if it shall mistakenly pay over or deliver to Holders, the Company or any other Person moneys or assets to which any holder of Senior Debt shall be entitled by virtue of this Article 12 or otherwise.

Appears in 3 contracts

Samples: Registration Rights Agreement (Cig Media LLC), Registration Rights Agreement (Cig Media LLC), Registration Rights Agreement (Ion Media Networks Inc.)

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Trustee's Relation to Senior Debt. With respect to the holders of Senior Debt, the Trustee is to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article 1211, and no implied covenants or obligations with respect to the holders of Senior Debt shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Debt and the Trustee shall not be liable to any holder of Senior Debt if it shall mistakenly pay over or deliver to Holders, the Company or any other Person moneys or assets to which any holder of Senior Debt shall be entitled by virtue of this Article 12 11 or otherwise.

Appears in 2 contracts

Samples: Purchase Agreement (Paxson Communications Corp), Purchase Agreement (Paxson Communications Corp)

Trustee's Relation to Senior Debt. With respect to the holders of Senior Debt, the Trustee is undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article 1211, and no implied covenants or obligations with respect to the holders of Senior Debt shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Debt and the Trustee shall not be liable to any holder of Senior Debt if it shall mistakenly pay over or deliver to Holders, the Company Obligor or any other Person moneys or assets to which any holder of Senior Debt shall be entitled by virtue of this Article 12 11 or otherwise.

Appears in 1 contract

Samples: Alpine Group Inc /De/

Trustee's Relation to Senior Debt. With respect to the holders of Senior Debt, the Trustee is undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article 1210, and no implied covenants or obligations with respect to the holders of Senior Debt shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Debt Debt, and the Trustee shall not be liable to any holder of Senior Debt if it shall mistakenly pay over or deliver to Holders, the Company or any other Person moneys or assets to which any holder of Senior Debt shall be entitled by virtue of this Article 12 10 or otherwise.

Appears in 1 contract

Samples: Indenture (Cole National Corp /De/)

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Trustee's Relation to Senior Debt. With respect to the holders of Senior Debt, the Trustee is undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article 1210, and no implied covenants or obligations with respect to the holders of Senior Debt shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Debt and the Trustee shall not be liable to any holder of Senior Debt if it shall mistakenly pay over or deliver to Holders, the Company or any other Person moneys or assets to which any holder of Senior Debt shall be entitled by virtue of this Article 12 10 or otherwise.

Appears in 1 contract

Samples: Indenture (Fairfield Manufacturing Co Inc)

Trustee's Relation to Senior Debt. With respect to the holders of Senior Debt, the Trustee is undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article 12XI, and no implied covenants or obligations with respect to the holders of Senior Debt shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Debt and the Trustee shall not be liable to any holder of Senior Debt if it shall mistakenly pay over or deliver to Holders, the Company Obligor or any other Person moneys or assets to which any holder of Senior Debt shall be entitled by virtue of this Article 12 XI or otherwise.

Appears in 1 contract

Samples: Gencor Industries Inc

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