Common use of TRUSTEE AND PAYING AGENTS Clause in Contracts

TRUSTEE AND PAYING AGENTS. ENTITLED TO ASSUME PAYMENTS NOT PROHIBITED IN ABSENCE OF NOTICE. The Trustee shall not at any time be charged with knowledge of the existence of any facts which would prohibit the making of any payment to or by the Trustee, unless and until a Trust Officer shall have received, no later than three (3) Business Days prior to such payment, written notice thereof from the Company or from one or more holders of Senior Indebtedness and, prior to the receipt of any such written notice, the Trustee, shall be entitled in all respects conclusively to presume that no such fact exists. Unless the Trustee shall have received the notice provided for in the preceding sentence, the Trustee shall have full power and authority to receive such payment and to apply the same to the purpose for which it was received, and shall not be affected by any notice to the contrary which may be received by it on or after such date. The foregoing shall not apply to any Affiliate of the Company acting as Paying Agent.

TRUSTEE AND PAYING AGENTS. ENTITLED TO ASSUME PAYMENTS NOT PROHIBITED IN ABSENCE OF NOTICE. The Trustee shall not at any time be charged with knowledge of the existence of any facts which that would prohibit the making of any payment to or by the Trustee, unless and until a Trust Officer shall have received, no later than three (3) one Business Days Day prior to the scheduled date of such payment, written notice thereof from the Company or from one or more holders of Senior Indebtedness Debt and, prior to the receipt of any such written notice, the Trustee, Trustee shall be entitled in all respects conclusively to presume that no such fact existsfacts exist. Unless the Trustee shall have received the notice provided for in the preceding sentence, the Trustee shall have full power and authority to receive such payment and to apply the same to the purpose for which it was received, received and shall not be affected by any notice to the contrary which that may be received by it on or after such date. The foregoing shall not apply to any Affiliate of the Company acting as Paying Agent.