No duty to collect payments. The Security Agent shall not have any duty: (a) to ensure that any payment or other financial benefit in respect of any of the Charged Assets is duly and punctually paid, received or collected; or (b) to ensure the taking up of any (or any offer of any) stocks, shares, rights, moneys or other property accruing or offered at any time by way of interest, dividend, redemption, bonus, rights, preference, option, warrant or otherwise in respect of any of the Charged Assets.
Appears in 9 contracts
Samples: Facility Agreement (Danaos Corp), Facility Agreement (China Shandong Industries, Inc.), Facility Agreement (First Solar, Inc.)
No duty to collect payments. The Security Agent shall not have any duty:
(a) to ensure that any payment or other financial benefit in respect of any of the Charged Assets Security Property is duly and punctually paid, received or collected; or
(b) to ensure the taking up of any (or any offer of any) stocks, shares, rights, moneys or other property accruing or offered at any time by way of interest, dividend, redemption, bonus, rights, preference, option, warrant or otherwise in respect of any of the Charged AssetsSecurity Property.
Appears in 4 contracts
Samples: Facility Agreement (PT Indosat TBK), Facility Agreement (PT Indosat TBK), Facility Agreement (PT Indosat TBK)
No duty to collect payments. The Security Agent shall not have any duty:
(a) to ensure that any payment or other financial benefit in respect of any of the Charged Pledged Assets is duly and punctually paid, received or collected; or
(b) to ensure the taking up of any (or any offer of any) stocks, shares, rights, moneys or other property accruing or offered at any time by way of interest, dividend, redemption, bonus, rights, preference, option, warrant or otherwise in respect of any of the Charged Pledged Assets.
Appears in 2 contracts
Samples: Facility Agreement (Platinum Underwriters Holdings LTD), Facility Agreement (Platinum Underwriters Holdings LTD)
No duty to collect payments. The Security Agent shall not have any duty:
(a) to ensure that any payment or other financial benefit in respect of any of the Charged Assets Collateral is duly and punctually paid, received or collected; or
(b) to ensure the taking up of any (or any offer of any) stocks, shares, rights, moneys or other property accruing or offered at any time by way of interest, dividend, redemption, bonus, rights, preference, option, warrant or otherwise in respect of any of the Charged AssetsCollateral.
Appears in 2 contracts
Samples: Term Facility Agreement (Coeur D Alene Mines Corp), Term Facility Agreement (Coeur D Alene Mines Corp)
No duty to collect payments. The Security Agent shall not have any duty:
(a) to ensure that any payment or other financial benefit in respect of any of the Charged Assets Property is duly and punctually paid, received or collected; or
(b) to ensure the taking up of any (or any offer of any) stocks, shares, rights, moneys or other property accruing or offered at any time by way of interest, dividend, redemption, bonus, rights, preference, option, warrant or otherwise in respect of any of the Charged AssetsProperty.
Appears in 2 contracts
Samples: Term and Revolving Facilities Agreement (ShangPharma Corp), Senior Term and Revolving Facilities Agreement (Melrose PLC)
No duty to collect payments. The Security Agent shall not have any duty:
(a) to ensure that any payment or other financial benefit in respect of any of the Charged Security Assets is duly and punctually paid, received or collected; or
(b) to ensure the taking up of any (or any offer of any) stocks, shares, rights, moneys or other property accruing or offered at any time by way of interest, dividend, redemption, bonus, rights, preference, option, warrant or otherwise in respect of any of the Charged Security Assets.
Appears in 2 contracts
Samples: Mezzanine Facility Agreement (American Realty Capital Global Trust II, Inc.), Revolving Senior Secured Credit Facility Agreement (Gold Fields LTD)
No duty to collect payments. The Security Agent shall not have any duty:
(a) to ensure that any payment or other financial benefit in respect of any of the Charged Secured Assets is duly and punctually paid, received or collected; or
(b) to ensure the taking up of any (or any offer of any) stocks, shares, rights, moneys or other property accruing or offered at any time by way of interest, dividend, redemption, bonus, rights, preference, option, warrant or otherwise in respect of any of the Charged Secured Assets.
Appears in 1 contract
Samples: Facility Agreement (Synnex Corp)
No duty to collect payments. The Security Agent shall not have any duty:
(a) to ensure that any payment or other financial benefit in respect of any of the Charged Assets or any Debt is duly and punctually paid, received or collected; or
(b) to ensure the taking up of any (or any offer of any) stocks, shares, rights, moneys or other property accruing or offered at any time by way of interest, dividend, redemption, bonus, rights, preference, option, warrant or otherwise in respect of any of the Charged AssetsAssets or any Debt.
Appears in 1 contract
No duty to collect payments. The Except as otherwise stated in this Agreement, the Security Agent shall not have any duty:
(a) to ensure that any payment or other financial benefit in respect of any of the Charged Assets or any Debt is duly and punctually paid, received or collected; or
(b) to ensure the taking up of any (or any offer of any) stocks, shares, rights, moneys or other property accruing or offered at any time by way of interest, dividend, redemption, bonus, rights, preference, option, warrant or otherwise in respect of any of the Charged AssetsAssets or any Debt.
Appears in 1 contract
