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 29 contracts

Samples: Facility Agreement (Bristow Group Inc.), Assignment Agreement (Bristow Group Inc.), Sace Facility 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: Intercreditor Agreement (STUDIO CITY INTERNATIONAL HOLDINGS LTD), Intercreditor Agreement (Melco Resorts & Entertainment 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: Agreement (Atlas Investissement), Terms and Conditions, 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: di.hkex.com.hk

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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.. 164

Appears in 1 contract

Samples: Sace Facility Agreement (Norwegian Cruise Line Holdings Ltd.)

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: 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: Supplemental Indenture (Garrett Motion Inc.)

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