Trustee's Relation to Senior Indebtedness. The Trustee and any agent of any Guarantor or the Trustee shall be entitled to all the rights set forth in this Article 11 with respect to any Senior Indebtedness which may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture shall deprive the Trustee or any such agent of any of its rights as such holder. With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article 11, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness and the Trustee shall not be liable to any holder of Senior Indebtedness if it shall mistakenly pay over or deliver to Holders, such Guarantor or any other Person moneys or assets to which any holder of Senior Indebtedness shall be entitled by virtue of this Article 11 or otherwise. Nothing in this Section 11.04 shall affect the obligation of any other such Person receiving such payment or distribution from the Trustee or any other Agent to hold such payment for the benefit of, and to pay such payment over to, the holders of Senior Indebtedness.
Appears in 3 contracts
Sources: Indenture (Affinity Group Holding, Inc.), Indenture (3055854 Nova Scotia Co), Indenture (Affinity Group Inc)
Trustee's Relation to Senior Indebtedness. The Trustee and any agent of any Guarantor the Company or the Trustee shall be entitled to all the rights set forth in this Article 11 12 with respect to any Senior Indebtedness which may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture shall deprive the Trustee or any such agent of any of its rights as such holder. With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article 1112, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness and the Trustee shall not be liable to any holder of Senior Indebtedness if it shall mistakenly pay over or deliver to Holders, such Guarantor the Company or any other Person Person, moneys or assets to which any holder of Senior Indebtedness shall be entitled by virtue of this Article 11 12 or otherwise. Nothing in this Section 11.04 12.04 shall affect the obligation of any other such Person receiving such payment or distribution from the Trustee or any other Agent to hold such payment for the benefit of, and to pay such payment over to, the holders of Senior Indebtedness.
Appears in 2 contracts
Sources: Indenture (Transportation Technologies Industries Inc), Indenture (Brickman Group LTD)
Trustee's Relation to Senior Indebtedness. The Trustee and any agent of any Guarantor the Issuer or the Trustee shall be entitled to all the rights set forth in this Article 11 X with respect to any Senior Indebtedness which that may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture shall deprive the Trustee or any such agent of any of its rights as such holder. With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article 11X, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness and the Trustee shall not be liable to any holder of Senior Indebtedness if it shall mistakenly pay over or deliver to Holders, such Guarantor the Issuer or any other Person person moneys or assets to which any holder of Senior Indebtedness shall be entitled by virtue of this Article 11 X or otherwise. Nothing in this Section 11.04 10.04 shall affect the obligation of any other such Person receiving such payment or distribution from the Trustee or any other Agent to hold such payment for the benefit of, and to pay such payment over to, the holders of Senior Indebtedness.
Appears in 1 contract
Sources: Indenture (Canwest Media Inc)
Trustee's Relation to Senior Indebtedness. The Trustee and any agent of any Guarantor the Issuers or the Trustee shall be entitled to all the rights set forth in this Article 11 12 with respect to any Senior Indebtedness which may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture shall deprive the Trustee or any such agent of any of its rights as such holder. With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article 1112, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness and the Trustee shall not be liable to any holder of Senior Indebtedness if it shall mistakenly pay over or deliver to Holders, such Guarantor the Issuers or any other Person Person, moneys or assets to which any holder of Senior Indebtedness shall be entitled by virtue of this Article 11 12 or otherwise. Nothing in this Section 11.04 12.04 shall affect the obligation of any other such Person receiving such payment or distribution from the Trustee or any other Agent to hold such payment for the benefit of, and to pay such payment over to, the holders of Senior Indebtedness.
Appears in 1 contract
Sources: Indenture (Norcross Capital Corp)
Trustee's Relation to Senior Indebtedness. The Trustee and any agent of any Guarantor or the Trustee shall be entitled to all the rights set forth in this Article 11 with respect to any Senior Indebtedness which may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture shall deprive the Trustee or any such agent of any of its rights as such holder. With respect to the holders of Indebtedness under the Senior IndebtednessCredit Facility, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article 11, and no implied covenants or obligations with respect to the holders of Indebtedness under the Senior Indebtedness Credit Facility shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Indebtedness under the Senior Indebtedness Credit Facility and the Trustee shall not be liable to any holder of Indebtedness under the Senior Indebtedness Credit Facility (other than for its willful misconduct or negligence) if it shall mistakenly pay over or deliver to Holders, such Guarantor any Issuer or any other Person moneys or assets to which any holder of Indebtedness under the Senior Indebtedness Credit Facility shall be entitled by virtue of this Article 11 or otherwise. Nothing in this Section 11.04 shall affect the obligation of any other such Person receiving such payment or distribution from the Trustee or any other Agent to hold such payment for the benefit of, and to pay such payment over to, the holders of Indebtedness under the Senior IndebtednessCredit Facility.
Appears in 1 contract
Trustee's Relation to Senior Indebtedness. The Trustee and any agent of any Guarantor the Company or the Trustee shall be entitled to all the rights set forth in this Article 11 12 with respect to any Senior Indebtedness which may at any time be held by it in its individual indi- vidual or any other capacity to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture shall deprive the Trustee or any such agent of any of its rights as such holder. With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article 1112, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness and the Trustee shall not be liable to any holder of Senior Indebtedness if it shall mistakenly pay over or deliver to Holders, such Guarantor the Company or any other Person person moneys or assets to which any holder of Senior Indebtedness shall be entitled by virtue of this Article 11 12 or otherwise. Nothing in this Section 11.04 12.04 shall affect the obligation of any other such Person person receiving such payment or distribution from the Trustee or any other Agent to hold such payment for the benefit of, and to pay such payment over to, the holders of Senior Indebtedness.
Appears in 1 contract
Sources: Indenture (Buslease Inc /New/)
Trustee's Relation to Senior Indebtedness. The Trustee and any agent of any Guarantor the Issuers or the Trustee shall be entitled to all the rights set forth in this Article 11 12 with respect to any Senior Indebtedness which may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture shall deprive the Trustee or any such agent of any of its rights as such holder. With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article 1112, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness and the Trustee shall not be liable to any holder of Senior Indebtedness if it shall mistakenly pay over or deliver to Holders, such Guarantor the Issuers or any other Person moneys or assets to which any holder of Senior Indebtedness shall be entitled by virtue of this Article 11 12 or otherwise. Nothing in this Section 11.04 12.04 shall affect the obligation of any other such Person receiving such payment or distribution from the Trustee or any other Agent to hold such payment for the benefit of, and to pay such payment over to, the holders of Senior Indebtedness.
Appears in 1 contract
Sources: Indenture (3055854 Nova Scotia Co)
Trustee's Relation to Senior Indebtedness. The Trustee and any agent of any Guarantor the Company or the Trustee shall be entitled to all the rights set forth in this Article 11 10 with respect to any Senior Indebtedness which may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture shall deprive the Trustee or any such agent of any of its rights as such holder. With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article 1110, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness and the Trustee shall not be liable to any holder of Senior Indebtedness if it shall mistakenly pay over or deliver to Holders, such Guarantor the Company or any other Person person moneys or assets to which any holder of Senior Indebtedness shall be entitled by virtue of this Article 11 10 or otherwise. Nothing in this Section 11.04 10.04 shall affect the obligation of any other such Person receiving such payment or distribution from the Trustee or any other Agent to hold such payment for the benefit of, and to pay such payment over to, the holders of Senior Indebtedness.
Appears in 1 contract