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Common use of No duty to enquire Clause in Contracts

No duty to enquire. No person dealing with Investor, any Receiver or any Delegate shall be concerned to enquire: (a) whether the power or rights conferred by or pursuant to any Transaction Document are exercisable; (b) whether any consents, regulations, restrictions or directions relating to such rights have been obtained or complied with; (c) otherwise as to the propriety or regularity of acts purporting or intended to be in exercise of any such rights; or (d) as to the application of any money borrowed or raised.

Appears in 2 contracts

Samples: Note Subscription Agreement (Cheng Zheng), Note Subscription Agreement (Cheng Zheng)

No duty to enquire. No person dealing with Investor, any Receiver or any Delegate shall be concerned to enquire: (a) whether the power or rights conferred by or pursuant to any Transaction Document are exercisable; (b) whether any consents, regulations, restrictions or directions relating to such rights have been obtained or complied with;; 15 (c) otherwise as to the propriety or regularity of acts purporting or intended to be in exercise of any such rights; or (d) as to the application of any money borrowed or raised.

Appears in 1 contract

Samples: Note Subscription Agreement