Common use of No Conflict of Interest Clause in Contracts

No Conflict of Interest. The Debenture Trustee represents to the Trust that at the date of execution and delivery by it of this Indenture there exists no material conflict of interest in the role of the Debenture Trustee as a fiduciary hereunder but if, notwithstanding the provisions of this Section 15.1, such a material conflict of interest exists, or hereafter arises, the validity and enforceability of this Indenture, and the Debentures issued hereunder, shall not be affected in any manner whatsoever by reason only that such material conflict of interest exists or arises but the Debenture Trustee shall, within 30 days after ascertaining that it has a material conflict of interest, either eliminate such material conflict of interest or resign in the manner and with the effect specified in Section 15.2.

Appears in 6 contracts

Sources: Trust Indenture (Canetic Resources Trust), Trust Indenture (Penn West Energy Trust), Trust Indenture (Pengrowth Energy Trust)

No Conflict of Interest. The Debenture Trustee represents to the Trust Corporation that to the best of its knowledge at the date of execution and delivery by it of this Indenture there exists no material conflict of interest in the role of the Debenture Trustee Trustee, as a fiduciary hereunder but if, notwithstanding the provisions of this Section 15.114.1, such a material conflict of interest exists, or hereafter arises, the validity and enforceability of this Indenture, and the Debentures issued hereunder, shall not be affected in any manner whatsoever by reason only that such material conflict of interest exists or arises but the Debenture Trustee shall, within 30 days after ascertaining that it has a material conflict of interest, either eliminate such material conflict of interest or resign in the manner and with the effect specified in Section 15.214.2. The Trustee also serves as the transfer agent for the Shares of the Corporation.

Appears in 5 contracts

Sources: Trust Indenture (NexGen Energy Ltd.), Trust Indenture (NexGen Energy Ltd.), Trust Indenture (NexGen Energy Ltd.)

No Conflict of Interest. The Debenture Trustee represents to the Trust that Corporation that, to the best of its knowledge, at the date of execution and delivery by it of this Indenture Indenture, there exists no material conflict of interest in the role of the Debenture Trustee as a fiduciary hereunder but but, if, notwithstanding the provisions of this Section 15.114.1, such a material conflict of interest exists, or hereafter arises, the validity and enforceability of this Indenture, and the Debentures issued hereunder, shall not be affected in any manner whatsoever by reason only that such material conflict of interest exists or arises but the Debenture Trustee shall, within 30 days after ascertaining that it has a material conflict of interest, either eliminate such material conflict of interest or resign in the manner and with the effect specified in Section 15.214.2.

Appears in 4 contracts

Sources: Debenture Indenture, Convertible Debenture Indenture (Siyata Mobile Inc.), Indenture (Organigram Holdings Inc.)

No Conflict of Interest. The Debenture Trustee represents to the Trust Corporation that at the date of execution and delivery by it of this Indenture there exists no material conflict of interest in between the role of the Debenture Trustee as a fiduciary hereunder and its role in any other capacity but if, notwithstanding the provisions of this Section 15.113.1, such a material conflict of interest exists, or hereafter arises, the validity and enforceability of this Indenture, and the Debentures issued hereunder, shall not be affected in any manner whatsoever by reason only that such material conflict of interest exists or arises but the Debenture Trustee shall, within 30 days after ascertaining that it has a material conflict of interest, either eliminate such material conflict of interest or resign in the manner and with the effect specified in Section 15.213.2.

Appears in 3 contracts

Sources: Debenture Indenture, Indenture, Convertible Debenture Indenture (Crailar Technologies Inc)

No Conflict of Interest. The Debenture Trustee represents to the Trust Corporation that at the date of execution and delivery by it of this Indenture there exists no material conflict of interest in the role of the Debenture Trustee as a fiduciary hereunder but if, notwithstanding the provisions of this Section 15.1, such a material conflict of interest exists, or hereafter arises, the validity and enforceability of this Indenture, and the Debentures issued hereunder, shall not be affected in any manner whatsoever by reason only that such material conflict of interest exists or arises but the Debenture Trustee shall, within 30 days after ascertaining that it has a material conflict of interest, either eliminate such material conflict of interest or resign in the manner and with the effect specified in Section 15.2.

Appears in 2 contracts

Sources: Convertible Debenture Indenture (Transglobe Energy Corp), Convertible Debenture Indenture (Transglobe Energy Corp)

No Conflict of Interest. The Debenture Trustee represents to the Trust Company that at the date of execution and delivery by it of this Indenture there exists no material conflict of interest in the role of the Debenture Trustee as a fiduciary hereunder but if, notwithstanding the provisions of this Section 15.113.1, such a material conflict of interest exists, or hereafter arises, the validity and enforceability of this Indenture, and the Debentures issued hereunder, shall not be affected in any manner whatsoever by reason only that such material conflict of interest exists or arises but the Debenture Trustee shall, within 30 90 days after ascertaining that it has a material conflict of interest, either eliminate such material conflict of interest or resign in the manner and with the effect specified in Section 15.213.2.

Appears in 2 contracts

Sources: Trust Indenture (Constellation Software Inc), Trust Indenture (Constellation Software Inc)

No Conflict of Interest. The Debenture Trustee represents to the Trust Company that to the best of its knowledge at the date of execution and delivery by it of this Indenture there exists no material conflict of interest in the role of the Debenture Trustee as a fiduciary hereunder but if, notwithstanding the provisions of this Section 15.114.1, such a material conflict of interest exists, or hereafter arises, the validity and enforceability of this Indenture, and the Debentures issued hereunder, shall not be affected in any manner whatsoever by reason only that such material conflict of interest exists or arises but the Debenture Trustee shall, within 30 90 days after ascertaining that it has a material conflict of interest, either eliminate such material conflict of interest or resign in the manner and with the effect specified in Section 15.214.2. The Trustee also serves as the transfer agent for the Common Shares.

Appears in 2 contracts

Sources: Convertible Debenture Indenture (I-80 Gold Corp.), Convertible Debenture Indenture (I-80 Gold Corp.)

No Conflict of Interest. The Debenture Trustee represents to the Trust Corporation that to the best of its knowledge at the date of execution and delivery by it of this Indenture there exists no material conflict of interest in the role of the Debenture Trustee as a fiduciary hereunder but if, notwithstanding the provisions of this Section 15.114.1, such a material conflict of interest exists, or hereafter arises, the validity and enforceability of this Indenture, and the Debentures issued hereunder, shall not be affected in any manner whatsoever by reason only that such material conflict of interest exists or arises but the Debenture Trustee shall, within 30 days after ascertaining that it has a material conflict of interest, either eliminate such material conflict of interest or resign in the manner and with the effect specified in Section 15.214.2.

Appears in 2 contracts

Sources: Indenture (Aurora Cannabis Inc), Indenture

No Conflict of Interest. The Debenture Trustee represents to the Trust Corporation that at the date of execution and delivery by it of this Indenture Indenture, there exists no material conflict of interest in the role of the Debenture Trustee as a fiduciary hereunder but if, notwithstanding the provisions of this Section 15.1, such a material conflict of interest exists, or hereafter arises, the validity and enforceability of this Indenture, and the Debentures issued hereunder, shall will not be affected in any manner whatsoever by reason only that such material conflict of interest exists or arises but the Debenture Trustee shallwill, within 30 90 days after ascertaining that it has a material conflict of interest, either eliminate such material conflict of interest or resign in the manner and with the effect specified in Section 15.2.

Appears in 2 contracts

Sources: Trust Indenture (IntelGenx Technologies Corp.), Trust Indenture (IntelGenx Technologies Corp.)

No Conflict of Interest. The Debenture Trustee represents to the Trust Corporation that at the date of execution and delivery by it of this Indenture there exists no material conflict of interest in between the role of the Debenture Trustee as a fiduciary trustee hereunder and its role in any other capacity but if, notwithstanding the provisions of this Section 15.114.1, such a material conflict of interest exists, or hereafter arises, the validity and enforceability of this Indenture, and the Debentures issued hereunder, shall not be affected in any manner whatsoever by reason only that such material conflict of interest exists or arises but the Debenture Trustee shall, within 30 days after ascertaining that it has a material conflict of interest, either eliminate such material conflict of interest or resign in the manner and with the effect specified in Section 15.214.2.

Appears in 2 contracts

Sources: Debenture Indenture, Debenture Indenture

No Conflict of Interest. The Debenture Trustee represents to the Trust that Company and the Parent that, to the best of its knowledge, at the date of execution and delivery by it of this Indenture Indenture, there exists no material conflict of interest in the role of the Debenture Trustee as a fiduciary hereunder but but, if, notwithstanding the provisions of this Section 15.113.1, such a material conflict of interest exists, or hereafter arises, the validity and enforceability of this Indenture, and the Debentures issued hereunder, shall not be affected in any manner whatsoever by reason only that such material conflict of interest exists or arises but the Debenture Trustee shall, within 30 days after ascertaining that it has a material conflict of interest, either eliminate such material conflict of interest or resign in the manner and with the effect specified in Section 15.213.2.

Appears in 1 contract

Sources: Indenture

No Conflict of Interest. The Debenture Trustee represents to the Trust Corporation that at the date of execution and delivery by it of this Indenture there exists no material conflict of interest in the role of the Debenture Trustee as a fiduciary hereunder but if, notwithstanding the provisions of this Section 15.115.2, such a material conflict of interest exists, or hereafter arises, the validity and enforceability of this Indenture, and the Debentures issued hereunder, shall not be affected in any manner whatsoever by reason only that such material conflict of interest exists or arises but the Debenture Trustee shall, within 30 days after ascertaining that it has a material conflict of interest, either eliminate such material conflict of interest or resign in the manner and with the effect specified in Section 15.215.3 .

Appears in 1 contract

Sources: Trust Indenture (Primero Mining Corp)

No Conflict of Interest. The Debenture Trustee represents to the Trust that Corporation that, to the best of its knowledge, at the date of execution and delivery by it of this Indenture Indenture, there exists no material conflict of interest in the role of the Debenture Trustee as a fiduciary hereunder but but, if, notwithstanding the provisions of this Section 15.114.1, such a material conflict of interest exists, or hereafter arises, the validity and enforceability of this Indenture, and the Debentures issued hereunder, shall not be affected in any manner whatsoever by reason only that such material conflict of interest exists or arises but the Debenture Trustee shall, within 30 days after ascertaining that it has a material conflict of interest, either eliminate such material conflict of interest or resign in the manner and with the effect specified in Section 15.214.2.

Appears in 1 contract

Sources: Indenture

No Conflict of Interest. The Debenture Trustee represents to the Trust that Corporation that, to the best of its knowledge, at the date of execution and delivery by it of this Indenture there exists no material conflict of interest in the role of the Debenture Trustee as a fiduciary hereunder but if, notwithstanding the provisions of this Section 15.113.1, such a material conflict of interest exists, or hereafter arises, the validity and enforceability of this Indenture, and the Debentures issued hereunder, shall not be affected in any manner whatsoever by reason only that such material conflict of interest exists or arises but the Debenture Trustee shall, within 30 days after ascertaining that it has a material conflict of interest, either eliminate such material conflict of interest or resign in the manner and with the effect specified in Section 15.213.2.

Appears in 1 contract

Sources: Convertible Debenture Indenture

No Conflict of Interest. The Debenture Trustee represents to the Trust Corporation that at the date of execution and delivery by it of this Indenture there exists no material conflict of interest in between the role of the Debenture Trustee as a fiduciary hereunder and its role in any other capacity but if, notwithstanding the provisions of this Section 15.1, such a material conflict of interest exists, or hereafter arises, the validity and enforceability of this Indenture, and the Debentures issued hereunder, shall not be affected in any manner whatsoever by reason only that such material conflict of interest exists or arises but the Debenture Trustee shall, within 30 days after ascertaining that it has a material conflict of interest, either eliminate such material conflict of interest or resign in the manner and with the effect specified in Section 15.2.

Appears in 1 contract

Sources: Convertible Debenture Indenture (Energy Fuels Inc)

No Conflict of Interest. The Debenture Trustee represents to the Trust Company that at the date of execution and delivery by it of this Indenture there exists no material conflict of interest in the role of the Debenture Trustee as a fiduciary hereunder but if, notwithstanding the provisions of this Section 15.114.1, such a material conflict of interest exists, or hereafter arises, the validity and enforceability of this Indenture, and the Debentures issued hereunder, shall not be affected in any manner whatsoever by reason only that such material conflict of interest exists or arises but the Debenture Trustee shall, within 30 days after ascertaining that it has a material conflict of interest, either eliminate such material conflict of interest or resign in the manner and with the effect specified in Section 15.214.2.

Appears in 1 contract

Sources: Trust Indenture (Timberwest Forest Corp)

No Conflict of Interest. The Debenture Trustee represents to the Trust Friday Night that at the date of execution and delivery by it of this Indenture there exists no material conflict of interest in the role of the Debenture Trustee as a fiduciary hereunder but if, notwithstanding the provisions of this Section 15.111.1, such a material conflict of interest exists, or hereafter arises, the validity and enforceability of this Indenture, and the Debentures issued hereunder, shall not be affected in any manner whatsoever by reason only that such material conflict of interest exists or arises but the Debenture Trustee shall, within 30 days after ascertaining that it has a material conflict of interest, either eliminate such material conflict of interest or resign in the manner and with the effect specified in Section 15.211.2.

Appears in 1 contract

Sources: Trust Indenture

No Conflict of Interest. The Debenture Trustee represents to the Trust Corporation that at the date of execution and delivery by it of this Indenture there exists no material conflict of interest in the role of the Debenture Trustee as a fiduciary hereunder but if, notwithstanding the provisions of this Section 15.115.2, such a material conflict of interest exists, or hereafter arises, the validity and enforceability of this Indenture, and the Debentures issued hereunder, shall not be affected in any manner whatsoever by reason only that such material conflict of interest exists or arises but the Debenture Trustee shall, within 30 days after ascertaining that it has a material conflict of interest, either eliminate such material conflict of interest or resign in the manner and with the effect specified in Section 15.215.3.

Appears in 1 contract

Sources: Trust Indenture (Zarlink Semiconductor Inc)

No Conflict of Interest. The Debenture Trustee represents to the Trust Corporation that at the date of execution and delivery by it of this Indenture there exists no material conflict of interest in the role of the Debenture Trustee as a fiduciary hereunder but if, notwithstanding the provisions of this Section 15.1, such a material conflict of interest exists, or hereafter arises, the validity and enforceability of this Indenture, and the Debentures issued hereunder, shall will not be affected in any manner whatsoever by reason only that such material conflict of interest exists or arises but the Debenture Trustee shallmust, within 30 days after ascertaining that it has a material conflict of interest, either eliminate such material conflict of interest or resign in the manner and with the effect specified in Section 15.2.

Appears in 1 contract

Sources: Trust Indenture (Boralex Inc.)

No Conflict of Interest. The Debenture Trustee represents to the Trust Corporation that to the best of its knowledge at the date of execution and delivery by it of this Indenture there exists no material conflict of interest in the role of the Debenture Trustee as a fiduciary hereunder but if, notwithstanding the provisions of this Section 15.113.1, such a material conflict of interest exists, or hereafter arises, the validity and enforceability of this Indenture, and the Debentures issued hereunder, shall not be affected in any manner whatsoever by reason only that such material conflict of interest exists or arises but the Debenture Trustee shall, within 30 days after ascertaining that it has a material conflict of interest, either eliminate such material conflict of interest or resign in the manner and with the effect specified in Section 15.213.2.

Appears in 1 contract

Sources: Indenture

No Conflict of Interest. The Debenture Trustee represents to the Trust Company that at the date of execution and delivery by it of this Indenture there exists no material conflict of interest in the role of the Debenture Trustee as a fiduciary hereunder but if, notwithstanding the provisions of this Section 15.114.1, such a material conflict of interest exists, or hereafter arises, the validity and enforceability of this Indenture, and the Debentures issued hereunder, shall not be affected in any manner whatsoever by reason only that such material conflict of interest exists or arises but the Debenture Trustee shall, within 30 days after ascertaining that it has a material conflict of interest, either eliminate such material conflict of interest or resign in the manner and with the effect specified in Section 15.214.2. The Company acknowledges that the Debenture Trustee is the trustee under an indenture covering certain Senior Indebtedness of the Company.

Appears in 1 contract

Sources: Trust Indenture (Canadian Satellite Radio Holdings Inc.)

No Conflict of Interest. The Debenture Trustee represents to the Trust Corporation that at the date of execution and delivery by it of this Trust Indenture there exists no material conflict of interest in the role of the Debenture Trustee as a fiduciary hereunder but if, notwithstanding the provisions of this Section 15.114.1, such a material conflict of interest exists, or hereafter arises, the validity and enforceability of this Trust Indenture, and the Debentures issued hereunder, shall not be affected in any manner whatsoever by reason only that such material conflict of interest exists or arises but the Debenture Trustee shall, within 30 60 days after ascertaining that it has a material conflict of interest, either eliminate such material conflict of interest or resign in the manner and with the effect specified in Section 15.214.2.

Appears in 1 contract

Sources: Trust Indenture (Wi-Lan Inc.)

No Conflict of Interest. The Debenture Trustee represents to the Trust Corporation that at the date of execution and delivery by it of this Indenture there exists no material conflict of interest in the role of the Debenture Trustee as a fiduciary hereunder but if, notwithstanding the provisions of this Section 15.114.1, such a material conflict of interest exists, or hereafter arises, the validity and enforceability of this Indenture, and the Debentures issued hereunder, shall not be affected in any manner whatsoever by reason only that such material conflict of interest exists or arises but the Debenture Trustee shall, within 30 90 days after ascertaining that it has a material conflict of interest, either eliminate such material conflict of interest or resign in the manner and with the effect specified in Section 15.214.2.

Appears in 1 contract

Sources: Trust Indenture (Gastar Exploration LTD)

No Conflict of Interest. The Debenture Trustee represents to the Trust Corporation that to the best of its knowledge at the date of execution and delivery by it of this Indenture there exists no material conflict of interest in the role of the Debenture Trustee as a fiduciary hereunder but if, notwithstanding the provisions of this Section 15.114.1, such a material conflict of interest exists, or hereafter arises, the validity and enforceability of this Indenture, and the Debentures issued hereunder, shall not be affected in any manner whatsoever by reason only that such material conflict of interest exists or arises but the Debenture Trustee shall, within 30 days after ascertaining that it has a material conflict of interest, either eliminate such material conflict of interest or resign in the manner and with the effect specified in Section 15.214.2.

Appears in 1 contract

Sources: Indenture

No Conflict of Interest. The Debenture Trustee represents to the Trust REIT that at the date of execution and delivery by it of this Indenture Indenture, there exists no material conflict of interest in the role of the Debenture Trustee as a fiduciary hereunder but if, notwithstanding the provisions of this Section 15.1, such a material conflict of interest exists, or hereafter arises, the validity and enforceability of this Indenture, and the Debentures issued hereunder, shall will not be affected in any manner whatsoever by reason only that such material conflict of interest exists or arises but the Debenture Trustee shallwill, within 30 days after ascertaining that it has a material conflict of interest, either eliminate such material conflict of interest or resign in the manner and with the effect specified in Section 15.2.

Appears in 1 contract

Sources: Trust Indenture

No Conflict of Interest. The Debenture Trustee represents to the Trust Corporation that at the date of execution and delivery by it of this Indenture there exists no material conflict of interest in between the role of the Debenture Trustee as a fiduciary trustee hereunder and its role in any other capacity but if, notwithstanding the provisions of this Section 15.112.1, such a material conflict of interest exists, or hereafter arises, the validity and enforceability of this Indenture, and the Debentures Notes issued hereunder, shall not be affected in any manner whatsoever by reason only that such material conflict of interest exists or arises but the Debenture Trustee shall, within 30 days after ascertaining that it has a material conflict of interest, either eliminate such material conflict of interest or resign in the manner and with the effect specified in Section 15.212.2.

Appears in 1 contract

Sources: Indenture (Terrace Energy Corp)