Common use of No Obligation of the Warrant Agent Clause in Contracts

No Obligation of the Warrant Agent. (i) Other than with respect to its own fraud, gross negligence, bad faith or willful misconduct, the Warrant Agent shall have no responsibility or obligation to any beneficial owner of the Private Unit Warrants or other Person with respect to any ownership interest in the Private Unit Warrants under or with respect to the Private Unit Warrants. All notices and communications to be given to the Holders and all payments to be made to Holders under the Private Unit Warrants shall be given or made only to or upon the order of the registered Holders. (ii) The Warrant Agent shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Agreement or under applicable law with respect to any transfer of any interest in the Private Unit Warrants other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by, the terms of this Agreement, and to examine the same to determine substantial compliance as to form with the express requirements hereof.

No Obligation of the Warrant Agent. (i) Other than with respect to its own fraud, gross negligence, bad faith or willful misconduct, the Warrant Agent shall have no responsibility or obligation to any beneficial owner of the Private Unit Warrants Initial Warrant or other Person with respect to any ownership interest in the Private Unit Warrants Initial Warrant under or with respect to the Private Unit WarrantsInitial Warrant. All notices and communications to be given to the Holders and all payments to be made to Holders under the Private Unit Warrants Initial Warrant shall be given or made only to or upon the order of the registered Holders. (ii) The Warrant Agent shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Agreement or under applicable law with respect to any transfer of any interest in the Private Unit Warrants Initial Warrant other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by, the terms of this Agreement, and to examine the same to determine substantial compliance as to form with the express requirements hereof.

No Obligation of the Warrant Agent. (i) Other than with respect to its own fraud, gross negligence, bad faith or willful misconduct, the Warrant Agent shall have no responsibility or obligation to any beneficial owner of the Private Unit Term Warrants or other Person with respect to any ownership interest in the Private Unit Term Warrants under or with respect to the Private Unit Term Warrants. All notices and communications to be given to the Holders and all payments to be made to Holders under the Private Unit Term Warrants shall be given or made only to or upon the order of the registered Holders. (ii) The Warrant Agent shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Agreement or under applicable law with respect to any transfer of any interest in the Private Unit Term Warrants other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by, the terms of this Agreement, and to examine the same to determine substantial compliance as to form with the express requirements hereof.

No Obligation of the Warrant Agent. (i) Other than with respect to its own fraud, gross negligence, bad faith or willful misconduct, the Warrant Agent shall have no responsibility or obligation to any beneficial owner of the Private Unit Initial Warrants or other Person with respect to any ownership interest in the Private Unit Initial Warrants under or with respect to the Private Unit Initial Warrants. All notices and communications to be given to the Holders and all payments to be made to Holders under the Private Unit Initial Warrants shall be given or made only to or upon the order of the registered Holders. (ii) The Warrant Agent shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Agreement or under applicable law with respect to any transfer of any interest in the Private Unit Initial Warrants other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by, the terms of this Agreement, and to examine the same to determine substantial compliance as to form with the express requirements hereof.