Common use of No duty to monitor Clause in Contracts

No duty to monitor. The Agent shall not be bound to enquire: (a) whether or not any Default has occurred; (b) as to the performance, default or any breach by any Party of its obligations under any Finance Document; or (c) whether any other event specified in any Finance Document has occurred.

Appears in 56 contracts

Samples: Single Currency Revolving Facility Agreement (StoneX Group Inc.), Bridge Facility Agreement (Smurfit WestRock LTD), Facility Agreement (Bristow Group Inc.)

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No duty to monitor. The Security Agent shall not be bound to enquire: (a) whether or not any Default has occurred; (b) as to the performance, default or any breach by any Party Transaction Obligor of its obligations under any Finance Transaction Document; or (c) whether any other event specified in any Finance Transaction Document has occurred.

Appears in 17 contracts

Samples: Facility Agreement (Navios Maritime Partners L.P.), Loan Agreement (Norwegian Cruise Line Holdings Ltd.), Loan Agreement (Norwegian Cruise Line Holdings Ltd.)

No duty to monitor. The Facility Agent shall not be bound to enquire: (a) whether or not any Default has occurred; (b) as to the performance, default or any breach by any Party Transaction Obligor of its obligations under any Finance Transaction Document; or (c) whether any other event specified in any Finance Transaction Document has occurred.

Appears in 16 contracts

Samples: Facility Agreement (Navios Maritime Partners L.P.), Term Loan Facility (Navios Maritime Partners L.P.), Term Loan Facility (United Maritime Corp)

No duty to monitor. The Security Agent shall not be bound to enquire: (a) whether or not any Default has occurred; (b) as to the performance, default or any breach by any Party of its obligations under any Finance Document; or (c) whether any other event specified in any Finance Document has occurred.

Appears in 11 contracts

Samples: Facility Agreement (Bristow Group Inc.), Facility Agreement (Bristow Group Inc.), Facility Agreement (Bristow Group Inc.)

No duty to monitor. The Security Agent shall not be bound to enquire: (a) whether or not any Default has occurred; (b) as to the performance, default or any breach by any Party of its obligations under any Finance Debt Document; or (c) whether any other event specified in any Finance Debt Document has occurred.

Appears in 10 contracts

Samples: Intercreditor Agreement, Intercreditor Agreement, Intercreditor Agreement

No duty to monitor. The Neither the Agent nor the Security Agent shall not be bound to enquire: (a) whether or not any Default has occurred; (b) as to the performance, default or any breach by any Party of its obligations under any Finance Document; or (c) whether any other event specified in any Finance Document has occurred.

Appears in 8 contracts

Samples: Bridge Facilities Agreement (Compagnie Maritime Belge NV), Bridge Facilities Agreement (Compagnie Maritime Belge NV), Facility Agreement (Madeleine Charging B.V.)

No duty to monitor. (a) The Agent shall not be bound to enquire: (ai) whether or not any Default has occurred; (bii) as to the performance, default or any breach by any Party of its obligations under any Finance Document; or (ciii) whether any other event specified in any Finance Document has occurred.

Appears in 5 contracts

Samples: Senior Facilities Agreement (Atlas Investissement), Senior Facilities Agreement (Atlas Investissement), Amendment and Restatement Agreement (STUDIO CITY INTERNATIONAL HOLDINGS LTD)

No duty to monitor. The Agent shall not be bound to enquire: (a) whether or not any Default has occurred; (b) as to the performance, default or any breach by any Party of its obligations under any Finance Document; or (c) or whether any other event specified in any Finance Document has occurred.

Appears in 4 contracts

Samples: Note Subscription Agreement (CorpAcq Group PLC), Note Subscription Agreement (CorpAcq Group PLC), Senior Term Facilities Agreement (CorpAcq Group PLC)

No duty to monitor. The Facility Agent shall not be bound to enquire: (a) whether or not any Default has occurred; (b) as to the performance, default or any breach by any Party of its obligations under any Finance Document; or (c) whether any other event specified in any Finance Document has occurred.

Appears in 4 contracts

Samples: Common Terms Agreement (Sedibelo Resources LTD), Facility Agreement (Global Ship Lease, Inc.), Credit Agreement (Global Ship Lease, Inc.)

No duty to monitor. The Security Agent shall not be bound to enquire: (a) whether or not any Default has occurred; (b) as to the performance, default or any breach by any Party of its obligations under any Finance Document; or (c) whether any other event specified in any Finance Document has occurred.

Appears in 4 contracts

Samples: Amendment and Restatement Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.), Amendment and Restatement Agreement (Aegean Marine Petroleum Network Inc.)

No duty to monitor. The Agent shall not be bound to enquire: (a) whether or not any Default or Review Event has occurred; (b) as to the performance, default or any breach by any Party of its obligations under any Finance DocumentDocument or any other agreement, arrangement or document; or (c) whether any other event specified in any Finance Document has occurred.

Appears in 4 contracts

Samples: Loan Note Subscription Agreement (Metals Acquisition LTD), Loan Note Subscription Agreement (Metals Acquisition Corp), Syndicated Facility Agreement (Metals Acquisition LTD)

No duty to monitor. The Agent shall not be bound to enquire: (a) 27.9.1 whether or not any Default has occurred; (b) 27.9.2 as to the performance, default or any breach by any Party of its obligations under any Finance Document; or (c) 27.9.3 whether any other event specified in any Finance Document has occurred.

Appears in 3 contracts

Samples: Revolving Facility Agreement (Sibanye Gold LTD), Revolving Credit Facility Agreement (Sibanye Stillwater LTD), Amendment and Restatement Agreement (Validus Holdings LTD)

No duty to monitor. The Agent shall not be bound to enquire: (aA) whether or not any Default has occurred; (bB) as to the performance, default or any breach by any Party of its obligations under any Finance Document; or (cC) whether any other event specified in any Finance Document has occurred.

Appears in 3 contracts

Samples: Bridge and Term Facilities Agreement (Rentokil Initial PLC /Fi), Multicurrency Revolving Facility Agreement (Endava PLC), Bridge and Term Facilities Agreement (Rentokil Initial PLC /Fi)

No duty to monitor. The Facility Agent shall not be bound to enquire: (a) whether or not any Default has occurred; (b) as to the performance, default or any breach by any Party or any Transaction Obligor of its obligations under any Finance Document; or (c) whether any other event specified in any Finance Document has occurred.

Appears in 2 contracts

Samples: Facility Agreement (WuXi PharmaTech (Cayman) Inc.), Facility Agreement (WuXi PharmaTech (Cayman) Inc.)

No duty to monitor. The No Agent shall not be bound to enquire: (aA) whether or not any Default has occurred; (bB) as to the performance, default or any breach by any Party of its obligations under any Finance Document; or (cC) whether any other event specified in any Finance Document has occurred.

Appears in 2 contracts

Samples: Facility Agreement (Vaalco Energy Inc /De/), Deed of Amendment and Restatement (Kosmos Energy Ltd.)

No duty to monitor. The Collateral Agent shall not be bound to enquire: (a) whether or not any Default has occurred; (b) as to the performance, default or any breach by any Party of its obligations under any Finance Debt Document; or (c) whether any other event specified in any Finance Debt Document has occurred.

Appears in 2 contracts

Samples: Intercreditor Agreement (Selina Hospitality PLC), Intercreditor Agreement (Selina Hospitality PLC)

No duty to monitor. 27.9.1 The Facility Agent shall not be bound to enquire: (a) whether or not any Default has occurred; (b) as to the performance, default or any breach by any Party of its obligations under any Finance Document; or (c) whether any other event specified in any Finance Document has occurred.

Appears in 2 contracts

Samples: Facilities Agreement (Lesaka Technologies Inc), Loan Agreement (Net 1 Ueps Technologies Inc)

No duty to monitor. The Agent shall not be bound to enquire: (a) whether or not any Relevant Event, Relevant Default or Servicer Termination Event has occurred; (b) as to the performance, default or any breach by any Party of its obligations under any Finance Transaction Document or any Lease Document; or (c) whether any other event specified in any Finance Transaction Document or any Lease Document has occurred.

Appears in 2 contracts

Samples: Facility Agreement (Avolon Holdings LTD), Facility Agreement (Avolon Holdings LTD)

No duty to monitor. The Neither the Agent nor the Arranger shall not be bound to enquire: (aA) whether or not any Default has occurred; (bB) as to the performance, default or any breach by any Party of its obligations under any Finance Document; or (cC) whether any other event specified in any Finance Document has occurred.

Appears in 2 contracts

Samples: Term Facility Agreement (Rockley Photonics Holdings LTD), Support Letter (Rockley Photonics Holdings LTD)

No duty to monitor. The Facility Agent shall not be bound to enquire: (a) whether or not any Default has occurred; (b) as to the performance, default or any breach by any Party Transaction Obligor of its obligations under any Finance Loan Document; or (c) whether any other event specified in any Finance Loan Document has occurred.

Appears in 2 contracts

Samples: Credit Agreement (SEACOR Marine Holdings Inc.), Credit Agreement (SEACOR Marine Holdings Inc.)

No duty to monitor. The Agent shall not be bound to enquire: (a) whether or not any Default has occurred; (b) as to the performance, default or any breach by any Party of its obligations under any Finance Document; or (c) whether any other event specified in any Finance Document has occurred.

Appears in 1 contract

Samples: Term Loan Facility (Flex LNG Ltd.)

No duty to monitor. The Facility Agent shall not be bound to enquire: (a) whether or not any Event of Default or Potential Event of Default has occurred; (b) as to the performance, default or any breach by any Party of its obligations under any Finance Document; or (c) whether any other event specified in any Finance Document has occurred.

Appears in 1 contract

Samples: Facility Agreement

No duty to monitor. The Agent or Collateral Agent shall not be bound to enquire: (a) whether or not any Default has occurred; (b) as to the performance, default or any breach by any Party of its obligations under any Finance Document; oror |EU-DOCS\34803319.2|| (c) whether any other event specified in any Finance Document has occurred.

Appears in 1 contract

Samples: Notes Purchase Agreement (Membership Collective Group Inc.)

No duty to monitor. The Facility Agent shall not be bound to enquireinquire: (a) whether or not any Default has occurred; (b) as to the performance, default or any breach by any Party Transaction Obligor of its obligations under any Finance Transaction Document; or (c) whether any other event specified in any Finance Transaction Document has occurred.

Appears in 1 contract

Samples: Facility Agreement (Scorpio Tankers Inc.)

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No duty to monitor. The Agent shall not be bound to enquire:enquire – (a) 25.8.1 whether or not any Default has occurred; (b) 25.8.2 as to the performance, default or any breach by any Party of its obligations under any Finance Document; or (c) 25.8.3 whether any other event specified in any Finance Document has occurred.

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Net 1 Ueps Technologies Inc)

No duty to monitor. The Agent shall not be bound to enquire: (a) whether or not any Default has occurred; (b) as to the performance, default or any breach by any Party of its obligations under any Finance Document; or (c) whether any other event specified in any Finance Document has occurred.or ​ ​ ​

Appears in 1 contract

Samples: Facilities Agreement (WEIBO Corp)

No duty to monitor. The Agent shall not be bound to enquire: (a) whether or not any Default has occurred;; ​ ​ (b) as to the performance, default or any breach by any Party of its obligations under any Finance Document; or (c) whether any other event specified in any Finance Document has occurred.

Appears in 1 contract

Samples: Unsecured NGN Term Facility Agreement (IHS Holding LTD)

No duty to monitor. The Agent shall not be bound to enquire: (a) whether or not any Default has occurred;; ​ (b) as to the performance, default or any breach by any Party of its obligations under any Finance Document; or (c) whether any other event specified in any Finance Document has occurred.

Appears in 1 contract

Samples: Unsecured NGN Revolving Credit Facility Agreement (IHS Holding LTD)

No duty to monitor. The Facility Agent shall not be bound to enquire: (a) whether or not any Default has occurred; (b) as to the performance, default or any breach by any Party of its obligations under any Finance Document; or or (c) whether any other event specified in any Finance Document has occurred.

Appears in 1 contract

Samples: Multicurrency Revolving Facility Agreement (H Lundbeck a S)

No duty to monitor. The Facility Agent shall not be bound to enquire: (a) whether or not any Default has occurred; (b) as to the performance, default or any breach by any Party Obligor of its obligations under any Finance Document; or (c) whether any other event specified in any Finance Document has occurred.

Appears in 1 contract

Samples: Addendum to First Preferred Marshall Islands Mortgage (Ocean Rig UDW Inc.)

No duty to monitor. The Facility Agent shall not be bound to enquire: (a) whether or not any Default has occurred; (b) as to the performance, default or any breach by any Party Obligor of its obligations under any Finance Transaction Document; or (c) whether any other event specified in any Finance Transaction Document has occurred.

Appears in 1 contract

Samples: Term Loan Facility Agreement (Castor Maritime Inc.)

No duty to monitor. The Conventional Facility Agent shall not be bound to enquire: (a) whether or not any Default has occurred; (b) as to the performance, default or any breach by any Party of its obligations under any Conventional Finance Document; or (c) whether any other event specified in any Conventional Finance Document has occurred.

Appears in 1 contract

Samples: Conventional Facility Agreement

No duty to monitor. The Investment Agent shall not be bound to enquire: (a) whether or not any Default has occurred; (b) as to the performance, default or any breach by any Party of its obligations under any Finance Transaction Document; or (c) whether any other event specified in any Finance Transaction Document has occurred.

Appears in 1 contract

Samples: Investment Agency Agreement (Brooge Holdings LTD)

No duty to monitor. The No Agent shall not be bound is obliged to enquiremonitor or enquire as to: (a) whether or not any a Default has occurred; (b) as to the performance, default or any breach by any Party of its obligations under any Finance Document; or (c) whether any other event specified in any Finance Document has occurred.

Appears in 1 contract

Samples: Facility Agreement (IHS Holding LTD)

No duty to monitor. The Facility Agent shall not be bound to enquire: (a) whether or not any Default has occurred; (b) as to the performance, default or any breach by any Party or any Total Transaction Obligor of its obligations under any Finance Document; or (c) whether any other event specified in any Finance Document has occurred.

Appears in 1 contract

Samples: Deed of Amendment Agreement (RISE Education Cayman LTD)

No duty to monitor. The Agent shall not be bound to enquire: (a) : whether or not any Default has occurred; (b) ; as to the performance, default or any breach by any Party of its obligations under any Finance Document; or (c) or whether any other event specified in any Finance Document has occurred.

Appears in 1 contract

Samples: Facility Agreement

No duty to monitor. The Facility Agent shall not be bound to enquire: (a) whether or not any Default has occurred; (b) as to the performance, default or any breach by any Party Transaction Obligor or an Approved Manager of its obligations under any Finance Transaction Document; or (c) whether any other event specified in any Finance Transaction Document has occurred.

Appears in 1 contract

Samples: Facility Agreement (Euroseas Ltd.)

No duty to monitor. The Agent shall not be bound to enquire: : (a) whether or not any Default has occurred; ; (b) as to the performance, default or any breach by any Party of its obligations under any Finance Document; or or (c) whether any other event specified in any Finance Document has occurred.

Appears in 1 contract

Samples: Facility Agreement (Pilgrims Pride Corp)

No duty to monitor. The Agent or Collateral Agent shall not be bound to enquire: (a) whether or not any Default has occurred; (b) as to the performance, default or any breach by any Party of its obligations under any Finance Document; or (c) whether any other event specified in any Finance Document has occurred.

Appears in 1 contract

Samples: Notes Purchase Agreement (Membership Collective Group Inc.)

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