Common use of Trustee’s Responsibilities in Respect of Contingent Interest Clause in Contracts

Trustee’s Responsibilities in Respect of Contingent Interest. The Company shall determine whether Holders are entitled to receive Contingent Interest, and if so, provide notice to the Trustee and issue a press release as required by Section 4.05. Notwithstanding any term contained in this Indenture or any other document to the contrary, the Trustee shall have no responsibilities, duties or obligations for or with respect to (i) determining whether the Company must pay Contingent Interest or (ii) determining the amount of Contingent Interest, if any, payable by the Company.

Appears in 2 contracts

Sources: Indenture (Verisign Inc/Ca), Indenture (Xilinx Inc)