Common use of No Duty to Investigate Clause in Contracts

No Duty to Investigate. neither Facility Agent nor the Security Trustee, as the case may be, shall at any time, unless requested to do so by a Lender or Lenders, be under any duty to investigate whether an Event of Default or a Default has occurred or to investigate the performance of the Borrower under or pursuant to this Agreement and the other Loan Documents;

Appears in 2 contracts

Samples: Credit Agreement (Tidewater Inc), Credit Facility Agreement (Tidewater Inc)

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No Duty to Investigate. neither Facility Neither the Agent nor the Security Trustee, as the case may be, Trustee shall at any time, unless requested to do so by a Lender or Lenders, be under any duty to investigate whether an Event of Default Default, or a Default an event which with the giving of notice or lapse of time, or both, would constitute an Event of Default, has occurred or to investigate the performance of this Agreement, the Borrower under Note or pursuant to this Agreement and the other Loan Documents;any Security Document by any Security Party; and

Appears in 1 contract

Samples: Credit Agreement (International Shipholding Corp)

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No Duty to Investigate. neither Facility Administrative Agent nor the Security Trustee, as the case may be, shall at any time, unless requested to do so by a Lender or Lenders, be under any duty to investigate whether an Event of Default or a Default has occurred or to investigate the performance of the Borrower any Security Party under or pursuant to this Agreement and the other Loan Documentsany Transaction Document;

Appears in 1 contract

Samples: Credit Facility Agreement (K-Sea Transportation Partners Lp)

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