Common use of Trustee Entitled to Assume Clause in Contracts

Trustee 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 that would prohibit the making of any payment to or by the Trustee unless and until a Responsible Officer of the Trustee or any Paying Agent shall have received, no later than two Business Days prior to such payment, written notice thereof from the Company or from one or more holders of Senior Indebtedness or from any representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 601 and 603, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 10 contracts

Sources: Indenture (Baker Hughes Inc), Indenture (Noble Corp), Indenture (Transocean Sedco Forex Inc)

Trustee 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 that would prohibit the making of any payment to or by the Trustee unless and until a Responsible Officer of the Trustee or any Paying Agent shall have received, no later than two Business Days prior to such payment, written notice thereof from the Company or from one or more holders of Senior Indebtedness or from any representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 601 7.01 and 6037.02, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 5 contracts

Sources: Subordinated Debt Indenture (Lyondell Trust Iii), Indenture (Seitel Capital Trust Ii), Subordinated Indenture (Cabot Oil & Gas Corp)

Trustee 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 that would prohibit the making of any payment to or by the Trustee unless and until a Responsible Officer of the Trustee or any Paying Agent shall have received, no later than two Business Days prior to such that payment, written notice thereof from the Company or from one or more holders of Senior Indebtedness of the Company or from any representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 601 7.01 and 6037.02, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 4 contracts

Sources: Subordinated Indenture (Oceaneering International Inc), Subordinated Indenture (Syntroleum Corp), Subordinated Indenture (Us Concrete Inc)

Trustee 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 that would prohibit the making of any payment to or by the Trustee unless and until a Responsible Officer of the Trustee or any Paying Agent shall have received, no later than two Business Days prior to such payment, written notice thereof from the Company or from one or more holders of Senior Indebtedness Debt or from any representative therefor thereof and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 601 7.01 and 6037.02, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 3 contracts

Sources: Indenture (Pride International Inc), Subordinated Indenture (Pioneer Companies Inc), Indenture (Conoco Inc /De)

Trustee 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 that would prohibit the making of any payment to or by the Trustee unless and until a Responsible Officer of the Trustee or any Paying Agent shall have received, no later than two Business Days prior to such payment, received written notice thereof from the Company or from one or more holders of Senior Indebtedness Debt or from any representative Representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 601 7.01 and 6037.02, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 2 contracts

Sources: Indenture (Huntsman Texas Holdings LLC), Indenture (Huntsman Texas Holdings LLC)

Trustee 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 that would prohibit the making of any payment to or by the Trustee unless and until a Responsible Officer of the Trustee or any Paying Agent shall have received, no later than two Business Days prior to such payment, written received notice thereof from the Company or any Guarantor or from one or more holders of Guarantor Senior Indebtedness Debt or from any representative Representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 601 7.01 and 6037.02, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 2 contracts

Sources: Indenture (Huntsman Texas Holdings LLC), Indenture (Huntsman Texas Holdings LLC)

Trustee 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 that which would prohibit the making of any payment to or by the Trustee unless and until a Responsible Trust Officer of the Trustee or any Paying Agent shall have received, no later than two one Business Days Day prior to such payment, written notice thereof from the Company or from one or more holders of Senior Indebtedness Secured Portfolio Debt or from any representative Representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 601 7.1 and 6037.2, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 2 contracts

Sources: Revolving Credit Agreement (HPSC Inc), Indenture (HPSC Inc)

Trustee 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 that which would prohibit the making of any payment to or by the Trustee unless and until a Responsible Officer of the Trustee or any Paying Agent shall have received, no later than two the close of business on the Business Days Day prior to such payment, written notice thereof from the Company or from one or more holders of Senior Indebtedness or from any representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 601 7.01 and 6037.02, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 1 contract

Sources: Indenture (Lamar Advertising Co)

Trustee 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 that which would prohibit the making of any payment to or by the Trustee unless and until a Responsible Officer of the Trustee or any Paying Agent shall have received, no later than two one Business Days Day prior to such payment, written notice thereof from the Company or from one or more holders of Senior Indebtedness Secured Portfolio Debt or from any representative Representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 601 7.1 and 6037.2, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 1 contract

Sources: Indenture (HPSC Inc)

Trustee 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 that which would prohibit the making of any payment to or by the Trustee unless and until a Responsible Trust Officer of the Trustee or any Paying Agent shall have received, no later than two one Business Days Day prior to such payment, written notice thereof from the Company or from one or more holders of Senior Indebtedness or from any representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 601 7.1 and 6037.2, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 1 contract

Sources: Indenture (United States Filter Corp)

Trustee 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 that would prohibit the making of any payment to or by the Trustee unless and until a Responsible Officer of the Trustee or any Paying Agent shall have received, no later than two Business Days prior to such payment, written received notice thereof from the Company or any Subsidiary Guarantor or from one or more holders of Guarantor Senior Indebtedness or from any representative Representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 601 7.01 and 6037.02, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 1 contract

Sources: Indenture (Sickinger Co)

Trustee 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 that would prohibit the making of any payment to or by the Trustee unless and until a Responsible Officer of the Trustee or any Paying Agent shall have received, no later than two Business Days prior to such payment, written notice thereof from the Company or any Subsidiary Guarantor, as the case may be, or from one or more holders of Senior Indebtedness Debt or from any representative therefor thereof and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 601 7.01 and 6037.02, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 1 contract

Sources: Indenture (Westlake International CORP)

Trustee 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 that which would prohibit the making of any payment to or by the Trustee unless and until a Responsible Officer of the Trustee or any Paying Agent shall have received, no later than two the close of business on the Business Days Day prior to the date of such payment, written notice thereof from the Company or from one or more holders of Senior Indebtedness or from any representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 601 7.01 and 6037.02, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 1 contract

Sources: Indenture (Lamar Advertising Co/New)

Trustee 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 that would prohibit the making of any payment to or by the Trustee unless and until a Responsible Officer of the Trustee or any Paying Agent paying agent shall have received, no later than two Business Days prior to such payment, written notice thereof from the Company or from one or more holders of Senior Indebtedness Debt or from any representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 601 7.01 and 6037.02, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 1 contract

Sources: Indenture (Centex Trust Ii)

Trustee 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 that which would prohibit the making of any payment to or by the Trustee unless and until a Responsible Trust Officer of the Trustee or any Paying Agent shall have received, no later than two the close of business on the Business Days Day prior to such payment, written notice thereof from the Company or from one or more holders of Senior Indebtedness or from any representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 601 7.01 and 6037.02, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 1 contract

Sources: Indenture (Lamar Advertising Co)

Trustee 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 that which would prohibit the making of any payment to or by the Trustee unless and until a Responsible Trust Officer of the Trustee or any Paying Agent shall have received, no later than two one Business Days Day prior to such payment, written notice thereof from the Company or from one or more holders of Senior Indebtedness or from any representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections 601 7.1 and 6037.2, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 1 contract

Sources: Indenture (Parker Drilling Co /De/)

Trustee 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 that would prohibit the making of any payment to or by the Trustee unless and until a Responsible Officer of the Trustee or any Paying Agent shall have received, no later than two Business Days prior to such payment, written notice thereof from the Company or from one or more holders of Senior Indebtedness or from any representative therefor and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Sections SECTIONS 601 and 603, shall be entitled in all respects conclusively to assume that no such fact exists.

Appears in 1 contract

Sources: Indenture (Grey Wolf Inc)