Common use of No duty to account Clause in Contracts

No duty to account. The Security Agent shall not be bound to account to any other Secured Party for any sum or the profit element of any sum received by it for its own account.

Appears in 32 contracts

Samples: Facility Agreement (Bristow Group Inc.), Facility Agreement (Bristow Group Inc.), Loan Agreement (Norwegian Cruise Line Holdings Ltd.)

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No duty to account. The Common Security Agent shall not be bound to account to any other Secured Party for any sum or the profit element of any sum received by it for its own account.

Appears in 7 contracts

Samples: Amendment and Restatement Agreement (Melco Resorts & Entertainment LTD), Amendment and Restatement Agreement (STUDIO CITY INTERNATIONAL HOLDINGS LTD), Intercreditor Agreement (Selina Hospitality PLC)

No duty to account. The Security Agent shall not be bound to account to any other Secured Finance Party for any sum or the profit element of any sum received by it for its own account.

Appears in 3 contracts

Samples: Facility Agreement, Amendment and Restatement Agreement (Atlas Investissement), Facility Agreement (Atlas Investissement)

No duty to account. The Security Agent shall not be bound to account to any other Secured Party for any sum or the profit element of any sum received by it for its own account.

Appears in 1 contract

Samples: Intercreditor Agreement (Global Ship Lease, Inc.)

No duty to account. The Each Security Agent shall not be bound to account to any other Secured Party for any sum or the profit element of any sum received by it for its own account.

Appears in 1 contract

Samples: Security Trust and Intercreditor Deed

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No duty to account. β€Œ The Security Agent shall not be bound to account to any other Secured Party for any sum or the profit element of any sum received by it for its own account.

Appears in 1 contract

Samples: Common Terms Agreement

No duty to account. The Security Agent shall not be bound to account to any Holder of the Notes or other Secured Party secured party or any other person for any sum or the profit element of any sum received by it for its own account.

Appears in 1 contract

Samples: Indenture (Garrett Motion Inc.)

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