Common use of Dealings by Third Parties Clause in Contracts

Dealings by Third Parties. (a) No person dealing with the Agent, any of the Vendors or an agent or receiver is required to determine (i) whether the Security Interest has become enforceable, (ii) whether the powers which such person is purporting to exercise have become exercisable, (iii) whether any money remains due to the Agent or the Vendors by the Corporation, (iv) the necessity or expediency of the stipulations and conditions subject to which any sale or lease is made, (v) the propriety or regularity of any sale or other dealing by the Agent or any Vendor with the Collateral, or (vi) how any money paid to the Agent or Vendors has been applied. (b) Any purchaser of Collateral shall hold the Collateral absolutely, free from any claim or right of any kind whatever, including any equity of redemption, of the Corporation. The Corporation waives (to the fullest extent permitted by law) as against any such purchaser, all rights of redemption, stay or appraisal which the Corporation has or may have under any rule of law or statute now existing or hereafter adopted.

Appears in 3 contracts

Samples: Security Agreement (E-World Usa Holding,inc), Security Agreement (E-World Usa Holding,inc), Security Agreement (E-World Usa Holding,inc)

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Dealings by Third Parties. (a1) No person dealing with the Agent, any of the Vendors Holder or an its agent or a receiver is shall be required to determine (i) whether the Security Interest has become enforceable, (ii) whether the powers which such person the Holder or its agent or a receiver is purporting to exercise have become exercisable, (iii) whether any money remains due to upon the Agent or the Vendors by the CorporationSecurity, (iv) the necessity or expediency of the stipulations and conditions subject to which any sale or lease is made, (v) the propriety or regularity of any sale or any other dealing by the Agent Holder or any Vendor its agent or a receiver with the CollateralCharged Premises, or (vi) how any money paid to the Agent or Vendors Holder has been applied. (b2) Any purchaser of Collateral all or any part of the Charged Premises shall hold the Collateral Charged Premises absolutely, free from any claim or right of any kind whateverwhatever kind, including any equity of redemption, of the Corporation. The Corporation , which it specifically waives (to the fullest extent permitted by law) as against any such purchaser, purchaser and all rights of redemption, stay or appraisal which the Corporation has or may have under any rule of law or statute now existing or hereafter adopted.

Appears in 3 contracts

Samples: Demand Debenture (Avery Berkel Holdings LTD), Demand Debenture (Avery Berkel Holdings LTD), Demand Debenture (Sterling Chemical Inc)

Dealings by Third Parties. (a) No person Person dealing with the Agent, any of the Vendors Holder or an its agent or a receiver is required to determine (i) whether the Security Interest has become enforceable, (ii) whether the powers which such person the Holder or its agent or a receiver is purporting to exercise have become exercisable, (iii) whether any money remains due to upon the Agent or the Vendors by the CorporationSecurity, (iv) the necessity or expediency of the stipulations and conditions subject to which any sale or lease is made, (v) the propriety or regularity of any sale or any other dealing by the Agent Holder or any Vendor its agent or a receiver with the CollateralCharged Premises, or (vi) how any money paid to the Agent or Vendors Holder has been applied. (b) . Any bona fide purchaser of Collateral shall all or any part of the Charged Premises from the Holder or any receiver or agent will hold the Collateral Charged Premises absolutely, free from any claim or right of any kind whateverwhatever kind, including any equity of redemption, of the Corporation. The Corporation Obligor, which it specifically waives (to the fullest extent permitted by law) as against any such purchaser, purchaser and all rights of redemption, stay or appraisal which the Corporation Obligor has or may have under any rule of law or statute now existing or hereafter adopted.

Appears in 3 contracts

Samples: Credit Agreement (Novelis Inc.), Credit Agreement (Novelis Inc.), Purchase Agreement (Halo Resources LTD)

Dealings by Third Parties. (a1) No person Person dealing with the Agent, any of the Vendors Secured Creditor or an agent or receiver is required to determine (i) whether the Security Interest has become enforceable, (ii) whether the powers which such person Person is purporting to exercise have become exercisable, (iii) whether any money remains due to the Agent or the Vendors Secured Creditor by the CorporationObligor, (iv) the necessity or expediency of the stipulations and conditions subject to which any sale or lease is made, (v) the propriety or regularity of any sale or other dealing by the Agent or any Vendor Secured Creditor with the Collateral, or (vi) how any money paid to the Agent or Vendors Secured Creditor has been applied. (b2) Any bona fide purchaser of all or any part of the Collateral shall from the Secured Creditor or any receiver or agent will hold the Collateral absolutely, free from any claim or right of any kind whateverwhatever kind, including any equity of redemption, of the Corporation. The Corporation Obligor, which it specifically waives (to the fullest extent permitted by lawLaw) as against any such purchaser, purchaser together with all rights of redemption, stay or appraisal which the Corporation Obligor has or may have under any rule of law Law or statute now existing or hereafter adopted.

Appears in 1 contract

Samples: Security Agreement (Titan Medical Inc)

Dealings by Third Parties. (a1) No person Person dealing with the Agent, any of the Vendors Pledgee or an agent or receiver is shall be required to determine (i) whether the Security Interest has become enforceable, (ii) whether the powers which such person Person is purporting to exercise have become exercisable, (iii) whether any money remains due to the Agent or the Vendors Pledgee by the CorporationPledgor, (iv) the necessity or expediency of the stipulations and conditions subject to which any sale or lease is made, (v) the propriety or regularity of any sale or other dealing by the Agent or any Vendor Pledgee with the Collateral, or (vi) how any money paid to the Agent or Vendors Pledgee has been applied. (b2) Any purchaser of all or any part of the Collateral from the Pledgee or a receiver or agent shall hold the Collateral absolutely, absolutely free from any claim or right of any kind whateverwhatever kind, including any equity of redemption, of the Corporation. The Corporation Pledgor, which it specifically waives (to the fullest extent permitted by lawLaw) as against any such purchaser, purchaser together with all rights of redemption, stay or appraisal which the Corporation Pledgor has or may have under any rule of law or statute Law now existing or hereafter adopted.

Appears in 1 contract

Samples: Restructuring Agreement (Nortel Networks Corp)

Dealings by Third Parties. (a1) No person Person dealing with the Agent, any of the Vendors Lender or an agent or receiver is required to determine (i) whether the Security Interest has become enforceable, (ii) whether the powers which such person Person is purporting to exercise have become exercisable, (iii) whether any money remains due to the Agent or the Vendors Lender by the CorporationBorrower, (iv) the necessity or expediency of the stipulations and conditions subject to which any sale or lease is made, (v) the propriety or regularity of any sale or other dealing by the Agent or any Vendor Lender with the Collateral, or (vi) how any money paid to the Agent or Vendors Lender has been applied. (b2) Any bona fide purchaser of all or any part of the Collateral shall from the Lender or any receiver or agent will hold the Collateral absolutely, free from any claim or right of any kind whateverwhatever kind, including any equity of redemption, of the Corporation. The Corporation Borrower, which it specifically waives (to the fullest extent permitted by law) as against any such purchaser, purchaser together with all rights of redemption, stay or appraisal which the Corporation Borrower has or may have under any rule of law or statute now existing or hereafter adopted.

Appears in 1 contract

Samples: Security Agreement (Gilla Inc.)

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Dealings by Third Parties. (a1) No person dealing with the AgentLender, any of the Vendors or an agent or receiver is shall be required to determine determine: (i) whether the Security Interest has become enforceable, ; (ii) whether the powers which such person is purporting to exercise have become exercisable, ; (iii) whether any money remains due to the Agent or the Vendors Lender by the Corporation, ; (iv) the necessity or expediency of the stipulations and conditions subject to which any sale or lease is shall be made, ; (v) the propriety or regularity of any sale or other dealing by the Agent Lender or any Vendor Lender with the Collateral, Securities; or (vi) how any money paid to the Agent or Vendors Lender has been applied. (b2) Any purchaser of Collateral Securities from the Lender shall hold the Collateral Securities absolutely, free from any claim or right of any kind whateverwhatever kind, including any equity of redemption, of the Corporation. The Corporation , which it specifically waives (to the fullest extent permitted by law) as against any such purchaser, all rights of redemption, stay or appraisal which the Corporation has or may have under any rule of law or statute now existing or hereafter adopted.

Appears in 1 contract

Samples: Share Pledge Agreement (Tarpon Industries, Inc.)

Dealings by Third Parties. (a) No person dealing with the Agent, any of the Vendors ERS or an agent or receiver is Receiver shall be required to determine (i) whether the Security Interest security interest granted herein has become enforceable, (ii) whether the powers which such person is purporting to exercise have become exercisable, (iii) whether any money remains due to the Agent or the Vendors ERS by the CorporationJoint Venture, (iv) the necessity or expediency of the stipulations and conditions subject to which any sale or lease is made, (v) the propriety proprietary or regularity of any sale or other dealing by the Agent or any Vendor ERS with the Collateral, or (vi) how any money paid to the Agent or Vendors Lender has been applied. (b) Any purchaser of all or any part of the Collateral from ERS or a Receiver or agent shall hold the Collateral absolutely, free from any claim or right of any kind whateverwhatever kind, including any equity of redemption, of the Corporation. The Corporation Joint Venture, which it specifically waives (to the fullest extent permitted by law) as against any such purchaser, purchaser together with all rights of redemption, stay or appraisal which the Corporation Joint Venture has or may have under any rule of law or statute now existing or hereafter adopted.

Appears in 1 contract

Samples: Joint Distribution Agreement (Electronic Retailing Systems International Inc)

Dealings by Third Parties. (a) No person Person dealing with the Agent, any of the Vendors or an agent or receiver thereof is required to determine (i) whether the Security Interest has become enforceable, (ii) whether the powers which such person Person is purporting to exercise have become exercisable, (iii) whether any money remains due to the Agent or the Vendors by the CorporationPurchaser, (iv) the necessity or expediency of the stipulations and conditions subject to which any sale sale, lease or lease other disposition is made, (v) the propriety or regularity of any sale or other dealing by the Agent Agent, any Vendor or any Vendor other Person with the Collateral, or (vi) how any money paid to the Agent Agent, Vendors or Vendors agent or receiver has been applied. (b) Any purchaser of Collateral from the Agent or the Vendors shall hold the Collateral absolutely, free from any claim or right of any kind whatever, including any equity of redemption, of the CorporationPurchaser. The Corporation Purchaser waives (to the fullest extent permitted by law) as against any such purchaser, all rights of redemption, stay or appraisal which the Corporation Purchaser has or may have under any rule of law or statute now existing or hereafter adopted.

Appears in 1 contract

Samples: Securities Pledge Agreement (E-World Usa Holding,inc)

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