Common use of Purchaser Protected Clause in Contracts

Purchaser Protected. In no event will any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will any purchaser or other transferee of any property or rights permitted by this Article to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, to make any such sale or other transfer.

Appears in 14 contracts

Sources: Indenture (BA Master Credit Card Trust II), Indenture (BA Master Credit Card Trust II), Indenture (Navistar Financial Dealer Note Master Trust)

Purchaser Protected. In no event will any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will any purchaser or other transferee of any property or rights permitted by this Article II to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, to make any such sale or other transfer.

Appears in 13 contracts

Sources: Indenture Agreement, Indenture (American Express Receivables Financing Corp VIII LLC), Second Amended and Restated Indenture (American Express Receivables Financing Corp VIII LLC)

Purchaser Protected. In no event will any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee Collateral Agent to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will any purchaser or other transferee of any property or rights permitted by this Article to be sold be under any obligation to ascertain or inquire into the authority of the Issuer Issuing Entity or any other obligor, as applicable, to make any such sale or other transfer.

Appears in 7 contracts

Sources: Asset Pool One Supplement (Jpmorgan Chase Bank, National Association), Asset Pool Supplement, Asset Pool Supplement (Chase Card Funding LLC)

Purchaser Protected. In no event will shall any purchaser in good faith or other transferee of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to direct the Collateral Agent to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted to be sold by this Article to be sold X, be under any obligation to ascertain or inquire into the authority of the any Issuer or any other obligorSubsidiary, as applicable, to make any such sale or other transfer.

Appears in 4 contracts

Sources: Indenture (Petro Stopping Centers L P), Indenture (Petro Financial Corp), Indenture (Petro Holdings Financial Corp)

Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article 10 to be sold be under any obligation to ascertain or inquire into the authority of the Issuer Company or any other obligor, as applicable, the applicable Guarantor to make any such sale or other transfer.

Appears in 4 contracts

Sources: Indenture (Foster Wheeler Inc), Indenture (Foster Wheeler Inc), Indenture (Foster Wheeler LTD)

Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Secured Notes Collateral Agent or the Trustee to execute the applicable release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article XII to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, the applicable Guarantor to make any such sale or other transfer.

Appears in 4 contracts

Sources: Indenture (Carvana Co.), Indenture (Carvana Co.), Indenture (Carvana Co.)

Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, to make any such sale or other transfer.

Appears in 4 contracts

Sources: Indenture (Mellon Bank Premium Finance Loan Master Trust), Indenture (Mellon Premium Finance Loan Owner Trust), Indenture (CNH Wholesale Receivables Inc)

Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder or under any of the Security Documents be bound to ascertain the authority of the Indenture Trustee or the Collateral Agent, as the case may be, to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article XII to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicableCompany, to make any such sale or other transfer.

Appears in 3 contracts

Sources: Indenture (Webcraft LLC), Indenture (Vertis Inc), Indenture (Webcraft LLC)

Purchaser Protected. In no event will any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee Collateral Agent to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will any purchaser or other transferee of any property or rights permitted by this Article to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, to make any such sale or other transfer.

Appears in 3 contracts

Sources: Asset Pool Supplement (First Usa Credit Card Master Trust), Indenture (First Usa Credit Card Master Trust), Indenture (Bank One Delaware National Association)

Purchaser Protected. In no event will any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will any purchaser or other transferee of any property or rights permitted by this Article to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, to make any such sale or other transfer.

Appears in 3 contracts

Sources: Indenture (Citibank Credit Card Issuance Trust), Indenture (Citibank South Dakota N A), Indenture (Citibank Credit Card Master Trust I)

Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Collateral Agent or the Trustee to execute the applicable release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article XII to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, the Grantor to make any such sale or other transfer.

Appears in 3 contracts

Sources: Indenture (Frontier Communications Parent, Inc.), Indenture (Frontier Communications Parent, Inc.), Indenture (Frontier Communications Parent, Inc.)

Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Notes Collateral Agent or the Trustee to execute the applicable release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted not prohibited by this Article 12 to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, the applicable Guarantor to make any such sale or other transfer.

Appears in 3 contracts

Sources: Indenture (New Fortress Energy Inc.), Indenture (New Fortress Energy Inc.), Indenture (New Fortress Energy Inc.)

Purchaser Protected. In no event will any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will any purchaser or other transferee of any property or rights permitted by this Article XIII to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, to make any such sale or other transfer.

Appears in 2 contracts

Sources: Indenture (WF Card Funding LLC), Indenture Agreement (WF Card Issuance Trust)

Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee or Collateral Agent to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article XI to be sold be under any obligation to ascertain or inquire into the authority of the Issuer Company or any other obligorPledgor, as applicable, to make any such sale or other transfer.

Appears in 2 contracts

Sources: Indenture (Blue Steel Capital Corp), Indenture (Rti Capital Corp)

Purchaser Protected. In no event will any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will any purchaser or other transferee of any property or rights permitted by this Article to be sold be under any obligation to ascertain or inquire into the authority of the Issuer Issuing Entity or any other obligor, as applicable, to make any such sale or other transfer.

Appears in 2 contracts

Sources: Indenture (Navistar International Corp), Indenture (Wachovia Card Receivables LLC)

Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee or the Collateral Agent to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof or of the Security Agreements for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article 11 to be sold be under any obligation to ascertain or inquire into the authority of the Issuer Company or any other obligor, as applicable, the applicable Owner to make any such sale or other transfer.

Appears in 2 contracts

Sources: Indenture (Navigator Gas Iom I-E LTD), Indenture (Navigator Gas Iom I-E LTD)

Purchaser Protected. In no event will shall any purchaser in good faith or other transferee of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to direct the Collateral Agent to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted to be sold by this Article to be sold X, be under any obligation to ascertain or inquire into the authority of the any Issuer or any other obligorDomestic Subsidiary, as applicable, to make any such sale or other transfer.

Appears in 2 contracts

Sources: Indenture (RPP Capital Corp), Indenture (RPP Capital Corp)

Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Collateral Agent or the Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article Ten to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, Company to make any such sale or other transfer.

Appears in 2 contracts

Sources: Indenture (Doe Run Resources Corp), Indenture (Wci Steel Inc)

Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Collateral Agent or the Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article X to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, applicable Collateral Grantor to make any such sale or other transfer.

Appears in 2 contracts

Sources: Indenture (Frontier Communications Corp), Indenture (Frontier Communications Corp)

Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Collateral Agent or the Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article X to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, Company to make any such sale or other transfer.

Appears in 2 contracts

Sources: Indenture (Toms Foods Inc), Indenture (Keystone Consolidated Industries Inc)

Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article 12 to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligorPledgor, as applicable, to make any such sale or other transfer.

Appears in 1 contract

Sources: Indenture (Terra Capital Inc)

Purchaser Protected. In no event will any purchaser in good ------------------- faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will any purchaser or other transferee of any property or rights permitted by this Article to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, to make any such sale or other transfer.

Appears in 1 contract

Sources: Indenture (Mbna Credit Card Master Note Trust)

Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article 10 to be sold be under any obligation to ascertain or inquire into the authority of the Issuer Company or any other obligorPledgor, as applicable, to make any such sale or other transfer.

Appears in 1 contract

Sources: Indenture (Alaris Medical Systems Inc)

Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Collateral Agent or the Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article Ten to be sold be under any obligation to ascertain or inquire into the authority of the Issuer Company or any other obligorof its Subsidiaries, as applicable, to make any such sale or other transfer.

Appears in 1 contract

Sources: Indenture (Doe Run Resources Corp)

Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article Ten to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, Company to make any such sale or other transfer.

Appears in 1 contract

Sources: Indenture (Renco Steel Holdings Inc)

Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Collateral Agent or the Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article XI to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, Company to make any such sale or other transfer.

Appears in 1 contract

Sources: Indenture (Keystone Consolidated Industries Inc)

Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article 11 to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, to make any such sale or other transfer.

Appears in 1 contract

Sources: Indenture (Decora Industries Inc)

Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder or under any of the Security Documents be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article Eleven to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicableCompany, to make any such sale or other transfer.

Appears in 1 contract

Sources: Indenture (Exide Technologies)

Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Collateral Agent or the Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article 16 to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, Company to make any such sale or other transfer.

Appears in 1 contract

Sources: Indenture (Endologix Inc /De/)

Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Collateral Agent or the Trustee to execute the release or to inquire as to the satisfaction of any conditions 108 required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article 11 to be sold be under any obligation to ascertain or inquire into the authority of the Issuer Company or any other obligor, as applicable, the applicable Subsidiary Guarantor to make any such sale or other transfer.

Appears in 1 contract

Sources: Indenture (Columbus McKinnon Corp)

Purchaser Protected. In no event will any purchaser in ------------------- good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will any purchaser or other transferee of any property or rights permitted by this Article to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, to make any such sale or other transfer.

Appears in 1 contract

Sources: Indenture (Mbna Credit Card Master Note Trust)

Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article XI to be sold be under any obligation to ascertain or inquire into the authority of the Issuer Company or any other obligor, as applicable, the relevant Guarantor to make any such sale or other transfer.

Appears in 1 contract

Sources: Indenture (Continental Caribbean Containers Inc)

Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Collateral Agent or the Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article 11 to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, to make any such sale or other transfer.

Appears in 1 contract

Sources: Indenture (Sorrento Therapeutics, Inc.)

Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Senior Subordinated Note Collateral Agent or the Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article 11 to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, Company to make any such sale or other transfer.

Appears in 1 contract

Sources: Agreement and Plan of Merger (Metaldyne Corp)

Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Collateral Agent or the Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article X to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, Company to make any such sale or other transfer.

Appears in 1 contract

Sources: Indenture (Heritage Insurance Holdings, Inc.)

Purchaser Protected. In no event will shall any purchaser in ------------------- good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article 12 to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligorPledgor, as applicable, to make any such sale or other transfer.

Appears in 1 contract

Sources: Indenture (Terra Industries Inc)

Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article 11 to be sold be under any obligation to ascertain or inquire into the authority of the Issuer Company or any other obligorPledgor, as applicable, to make any such sale or other transfer.

Appears in 1 contract

Sources: Indenture (Metal Management Inc)

Purchaser Protected. In no event will shall any purchaser in good faith or other transferee of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to direct the Collateral Agent to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted to be sold by this Article to be sold XIV, be under any obligation to ascertain or inquire into the authority of the Issuer Company or any other obligorGuarantor, as applicable, to make any such sale or other transfer.

Appears in 1 contract

Sources: Indenture (Quality Distribution Inc)

Purchaser Protected. β€Œ In no event will any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will any purchaser or other transferee of any property or rights permitted by this Article II to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, to make any such sale or other transfer.

Appears in 1 contract

Sources: Trust Indenture

Purchaser Protected. In no event will shall any purchaser in good faith of any property purported to be released hereunder be bound to ascertain the authority of the Indenture Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will shall any purchaser or other transferee of any property or rights permitted by this Article 12 to be sold be under any obligation to ascertain or inquire into the authority of the Issuer or any other obligor, as applicable, Company to make any such sale or other transfer.

Appears in 1 contract

Sources: Indenture (Goodman Conveyor Co)