No Duty or Obligation Sample Clauses
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No Duty or Obligation. The Custodian is under no duty or obligation to make or take, or require any Sub-Custodian to make or take, any special arrangements or precautions beyond those required by the Rules or as specifically set forth in this Agreement. Notwithstanding anything to the contrary in this Agreement, the Custodian represents that the obligations, duties and responsibilities of any Sub-Custodian with respect to the segregation, identification and safekeeping of Bullion held by such Sub-Custodian under its arrangements with the Custodian will be no less protective than the obligations, duties and responsibilities of the Custodian with respect to the segregation, identification and safekeeping of Bullion held by the Custodian under this Agreement.
No Duty or Obligation. The Custodian is under no duty or obligation to make or take any special arrangements or precautions beyond those required by the Rules or as specifically set forth in this Agreement.
No Duty or Obligation. 4.1 No implied duties or obligations The Account Banks shall be obliged to perform only such duties as are set out in the Finance Documents and no implied duties or obligations shall be read into this Agreement against either of the Account Banks.
4.2 No duty or obligation greater than that owed to general banking customers Neither of the Account Banks shall be under any duty or obligation to give the amounts held by it hereunder any greater degree of care than it gives to amounts held for its general banking customers.
4.3 No duty or obligation to make payments Neither of the Account Banks shall be obliged to make any payment or otherwise to act on any request or instruction notified to it under this Agreement if:
(a) it is unable to verify any signature pursuant to any request or instruction against the specimen signature provided for the relevant authorised signatory; or
(b) it is unable to validate the authenticity of the request by telephoning a call-back contact as provided to it pursuant to paragraph 1.4 above; or
(c) if, in the relevant Account Bank’s reasonable opinion, it conflicts with any provision of this Agreement or otherwise does not comply with the requirements of this Agreement.
4.4 No duty or obligation to ensure accuracy of any communication Neither of the Account Banks is under no duty or obligation to ensure that any certificate, consent, notice, instruction or other communication which is or appears to be given by the Facility Agent in accordance with this Agreement is accurate, correct or duly authorised and shall be entitled to act in reliance without further enquiry upon any such certificate, consent, notice, instruction or other communication and shall not be under any duty or obligation to verify the accuracy or correctness of any statements made therein (even if such certificate, consent, notice, instruction or other communication is later reversed, modified, set aside or vacated).
4.5 No duty or obligation to take any action which may be illegal Notwithstanding any other provision of any Finance Document to the contrary, neither of the Account Banks is obliged to do or omit to do anything if it would or might in its reasonable opinion constitute a breach of any law and neither of the Account Banks shall be liable for any failure to carry out any or all of its obligations under this Agreement where performance of any such duty or obligation would be in breach of any law or other regulation.
4.6 No duty to be bound by terms of s...
No Duty or Obligation. 13.1 No duty or obligation to be implied into this Agreement
13.2 No duty or obligation greater than that owed to general banking customers
13.3 No duty or obligation to ensure accuracy of any communication given under the Agreement
13.4 No duty or obligation to take any action which may be illegal
13.5 No duty to be bound by terms of settlement unless written consent of Escrow Agent obtained
13.6 No duty or obligation to ensure that funds used for proper purpose
No Duty or Obligation. Lender in making disbursements pursuant to any agreement with Lessor is under no obligation or duty to, nor has Lender represented that it will, see to the application of the proceeds of the Loan by Lessor or any other persons to whom Lender disburses the proceeds of the Loan. Any application or use of such proceeds for purposes other than those provided for in any agreement between Lender and Lessor shall not defeat the subordination made in this Agreement, in whole or in part.
No Duty or Obligation. We are under no duty or obligation to make or take any special arrangements or precautions beyond those required by the Rules or as specifically set forth in this agreement.
No Duty or Obligation. We are under no duty or obligation to make or take, or require any Sub-Custodian to make or take, any special arrangements or precautions beyond those required by the Rules or as specifically set forth in this Agreement.
No Duty or Obligation. The powers conferred on Secured Party hereunder are solely to protect the interests of Secured Party in the Trademark Collateral and shall not impose any duty upon Secured Party to exercise any such powers. Secured Party shall be accountable only for amounts that it actually receives as a result of the exercise of such powers, and neither it nor any of its officers, directors, employees or agents shall be responsible to Borrower for any act or failure to act, except for its own willful misconduct taken or omitted in bad faith.