Common use of Not Responsible for Recitals or Issuance of Units Clause in Contracts

Not Responsible for Recitals or Issuance of Units. The recitals contained herein, in the Indenture, in the Warrant Agreement and in the Units, except the Trustee's and Warrant Agent's certificates of authentication or countersignature, shall be taken as the statements of the Corporation, and none of the Trustee, Agent or the Warrant Agent assumes any responsibility for their correctness. The Agent makes no representations as to the validity or sufficiency of this Agreement or of the Units. None of the Trustee, Agent or the Warrant Agent shall be accountable for the use or application by the Corporation of the proceeds with respect to Units or be responsible for exercising any remedy hereunder on behalf of the Holders, except as expressly provided in this Agreement.

Appears in 3 contracts

Sources: Unit Agreement (Morgan Stanley Dean Witter & Co), Unit Agreement (J P Morgan Chase & Co), Unit Agreement (Morgan Stanley Dean Witter Discover & Co)

Not Responsible for Recitals or Issuance of Units. The recitals contained herein, in the Indenture, in the Warrant Agreement Indenture and in the Units, except the Trustee's and Warrant Agent's certificates of authentication or countersignature, shall be taken as the statements of the Corporation, and none of the Trustee, Agent or the Warrant any Authenticating Agent assumes any responsibility for their correctness. The Agent makes no representations as to the validity or sufficiency of this Agreement or of the Units. None of the Trustee, Agent or the Warrant any Authenticating Agent shall be accountable for the use or application by the Corporation of the proceeds with respect to Units or be responsible for exercising any remedy hereunder on behalf of the Holders, except as expressly provided in this Agreement.

Appears in 2 contracts

Sources: Unit Agreement (Comcast Cable Trust Iii), Unit Agreement (Wells Fargo Capital Vi)

Not Responsible for Recitals or Issuance of Units. The recitals contained herein, in the Indenture, in the Warrant Agreement Indenture and in the Units, except the Trustee's ’s and Warrant Agent's ’s certificates of authentication or countersignature, shall be taken as the statements of the Corporation, and none of the Trustee, Agent or the Warrant any Authenticating Agent assumes any responsibility for their correctness. The Agent makes no representations as to the validity or sufficiency of this Agreement or of the Units. None of the Trustee, Agent or the Warrant any Authenticating Agent shall be accountable for the use or application by the Corporation of the proceeds with respect to Units or be responsible for exercising any remedy hereunder on behalf of the Holders, except as expressly provided in this Agreement.

Appears in 1 contract

Sources: Unit Agreement (Wells Fargo Capital Vii)

Not Responsible for Recitals or Issuance of Units. The recitals contained herein, in the Indenture, in the Warrant Agreement and in the Units, except the Trustee's ’s and Warrant Agent's ’s certificates of authentication or countersignature, shall be taken as the statements of the CorporationCompany, and none of the Trustee, Agent or the Warrant Agent assumes any responsibility for their correctness. The Agent makes no representations as to the validity or sufficiency of this Agreement or of the Units. None of the Trustee, Agent or the Warrant Agent shall be accountable for the use or application by the Corporation Company of the proceeds with respect to Units or be responsible for exercising any remedy hereunder on behalf of the Holders, except as expressly provided in this Agreement.

Appears in 1 contract

Sources: Unit Agreement (Morgan Stanley)