Common use of Dealings with attorneys Clause in Contracts

Dealings with attorneys. The exercise of such power by or on behalf of the Security Agent shall not put any person dealing with the Security Agent upon any enquiry as to whether any Default has happened, nor shall such person be in any way affected by notice that no such event has happened, and the exercise by the Security Agent of such power shall be conclusive evidence of its right to exercise the same.

Appears in 2 contracts

Samples: Loan Agreement (Quintana Shipping Ltd.), Loan Agreement (Quintana Shipping Ltd.)

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Dealings with attorneys. The exercise of such power by or on behalf of the Security Agent shall not put any person dealing with the Security Agent upon any enquiry as to whether any an Event of Default has happenedoccurred, nor shall such person be in any way affected by notice that no such event has happenedoccurred, and the exercise by the Security Agent of such power shall be constitute conclusive evidence of its right to exercise the same.

Appears in 1 contract

Samples: On Delivery Buyer Credit Facility Agreement (DryShips Inc.)

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Dealings with attorneys. The exercise of such power by or on behalf of the Security Agent shall not put any person dealing with the Security Agent upon any enquiry as to whether any Default has happened, nor shall such person be in any way affected by notice that no such event has happened, and the exercise by the Security Agent of such power shall be conclusive evidence of its or his right to exercise the same.

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

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