Common use of Trustee Not Liable for Recitals in Indenture or in Debt Securities Clause in Contracts

Trustee Not Liable for Recitals in Indenture or in Debt Securities. The recitals contained herein, in the Debt Securities (except the Trustee's certificate of authentication) and in any Coupons shall be taken as the statements of the Company, and the Trustee assumes no responsibility for the correctness of the same. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Debt Securities or Coupons, if any, of any series or any prospectus related to the Debt Securities of any series. The Trustee shall not be 58 accountable for the use or application by the Company of any of the Debt Securities or of the proceeds thereof.

Appears in 1 contract

Sources: Senior Subordinated Debt Indenture (Pioneer Natural Resources Usa Inc)

Trustee Not Liable for Recitals in Indenture or in Debt Securities. The recitals contained herein, in the Debt Securities (except the Trustee's certificate of authentication) and in any Coupons shall be taken as the statements of the Company, and the Trustee assumes no responsibility for the correctness of the same. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Debt Securities or Coupons, if any, of any series or any prospectus related to the Debt Securities of any series. The Trustee shall not be 58 accountable for the use or application by the Company of any of the Debt Securities or of the proceeds thereof.

Appears in 1 contract

Sources: Senior Debt Indenture (Pioneer Natural Resources Usa Inc)