Certificates of the Trustee. In the event that the Company wish to release Collateral in accordance with the Security Documents and have delivered the certificates and documents required by the Security Documents and Sections 11.03 and 11.04 hereof, the Trustee shall determine whether it has received all documentation required by TIA Section 314(d) in connection with such release and, based on the Opinion of Counsel delivered pursuant to Section 12.04(2), shall deliver a certificate to the Collateral Agent setting forth such determination. The Trustee, however, shall have no duty to confirm the legality or validity of such documents, its sole duty being to certify that it has received such documentation which on their face conform to Section 314(d) of the TIA.
Appears in 2 contracts
Sources: Indenture (Solutia Inc), Indenture (Donnelley R H Inc)
Certificates of the Trustee. In the event that the Company wish wishes to release Collateral in accordance with the Security Documents and have has delivered the certificates and documents required by the Security Documents and Sections 11.03 and 11.04 hereof, the Trustee shall determine whether it has received all documentation required by TIA Section 314(d) in connection with such release and, based on the Opinion of Counsel delivered pursuant to Section 12.04(2), shall deliver a certificate to the Collateral Agent setting forth such determination. The Trustee, however, shall have no duty to confirm the legality or validity of such documents, its sole duty being to certify that it has received such documentation which on their face conform to Section 314(d) of the TIA.
Appears in 2 contracts
Sources: Indenture (Moore Wallace Inc), Indenture (Moore Corporation LTD)
Certificates of the Trustee. In the event that the Company wish to release Collateral in accordance with the Security Documents and have delivered the certificates and documents required by the Security Documents and Sections 11.03 1402 and 11.04 1403 hereof, the Trustee shall determine whether it has received all documentation required by TIA Trust Indenture Act Section 314(d) in connection with such release and, based on the Opinion of Counsel delivered pursuant to Section 12.04(2)103, shall deliver a certificate to the Collateral Agent Securities Intermediary setting forth such determination. The Trustee, however, shall have no duty to confirm the legality or validity of such documents, its sole duty being to certify that it has received such documentation which on their face conform to Section 314(d) of the TIATrust Indenture Act.
Appears in 1 contract
Sources: Indenture (Oxford Industries Inc)
Certificates of the Trustee. In the event that the Company wish wishes to release Collateral in accordance with the Indenture and Security Documents and have delivered the certificates and documents required by the Security Documents and Sections 11.03 and 11.04 hereof, the Trustee shall determine whether it has received all documentation required by TIA Section § 314(d) in connection with such release and, based on the Opinion of Counsel delivered pursuant to Section 12.04(2), shall deliver a certificate to the Collateral Agent Trustee setting forth such determination. The Trustee, however, shall have no duty to confirm the legality or validity of such documents, its sole duty being to certify that it has received such documentation which on their face conform to Section TIA § 314(d) of the TIA).
Appears in 1 contract
Sources: Indenture (Alta One Inc.)