Common use of LIMITS OF THE SERVICE BANKS’ OBLIGATIONS Clause in Contracts

LIMITS OF THE SERVICE BANKS’ OBLIGATIONS. 19.1 No duty to enquire 19.1.1 either initially or on a continuing basis, as to the credit or financial condition or affairs of the Borrower, any other Obligor or any other person; 19.1.2 as to the performance or observance by the Borrower or any other Obligor of any of the terms and conditions of this Agreement or any of the other Finance Documents or any other agreement; or 19.1.3 whether any Event of Default or Potential Event of Default has occurred, and until it shall have actual knowledge or express notice to the contrary, the Service Bank shall be entitled to assume that no Event of Default or Potential Event of Default has occurred.

LIMITS OF THE SERVICE BANKS’ OBLIGATIONS. 19.1 No duty to enquire 19.1.1 either initially or on a continuing basis, as to the credit or financial condition or affairs of the Borrower, any other Obligor or any other person; 19.1.2 as to the performance or observance by the Borrower or any other Obligor of any of the terms and conditions of this Agreement or any of the other Finance Documents or any other agreement; or 19.1.3 whether any Event of Default or Potential Event of Default has occurred, and until it shall have actual knowledge or express notice to the contrary, the Service Bank Agent shall be entitled to assume that no Event of Default or Potential Event of Default has occurred.