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 Debt Document or (c) whether any other event specified in any Debt Document has occurred.
Appears in 1 contract
No duty to monitor. The Security Agent shall not be bound to enquire inquire:
(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 Debt Document or Transaction Document; or
(c) whether any other event specified in any Debt Transaction Document has occurred.
Appears in 1 contract
No duty to monitor. The Security Agent shall not be bound to enquire 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 Debt Document or Transaction Document; or
(c) whether any other event specified in any Debt Transaction Document has occurred.
Appears in 1 contract
Samples: Common Terms Agreement
No duty to monitor. The Security Agent shall not be bound to enquire (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 Debt Document or (Document; or
c) whether any other event specified in any Debt Document has occurred.
Appears in 1 contract
Samples: Intercreditor Agreement
No duty to monitor. The Security Agent shall not be bound to enquire enquire:
(a) whether or not any Default default has occurred, ;
(b) as to the performance, default or any breach by any Party of its obligations under any Debt Document or Document; or
(c) whether any other event specified in any Debt Document has occurred.
Appears in 1 contract
Samples: Intercreditor Agreement
No duty to monitor. The Security Agent shall not be bound to enquire 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 Debt Document or Document;
(c) whether any other event specified in any Debt Document has occurred; or
(d) whether a Sponsor Affiliate or member of the Group beneficially owns or has any participation in an External Credit Participation for the purposes of Clause 25.5 (Snooze/Lose).
Appears in 1 contract
Samples: Intercreditor Agreement
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 Debt Document or (c) whether any other event specified in any Debt Document has occurred.or
Appears in 1 contract
Samples: Intercreditor Agreement
No duty to monitor. The Security Agent shall not be bound to enquire 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 Debt Transaction Document or to which it is a party; or
(c) whether any other event specified in any Debt Transaction Document has occurred.
Appears in 1 contract
Samples: Facility Agreement (Euroseas Ltd.)
