Common use of Consents, Declaration and Directions Clause in Contracts

Consents, Declaration and Directions. The Company, the Trustee and any Agent shall treat a person as the Holder of such principal amount of outstanding Securities of such Series represented by a Global Security as shall be specified in a written statement of the Depositary or by the applicable procedures of such Depositary with respect to such Global Security, for purposes of obtaining any consents, declarations, waivers or directions required to be given by the Holders pursuant to this Indenture and neither the Company nor the Trustee shall have any liability or responsibility for any action or inaction of the Depositary or any clearinghouse.