Common use of No obligation to monitor Clause in Contracts

No obligation to monitor. the Trustee shall be under no obligation to monitor or supervise the functions of any other person under the Notes or any other agreement or document relating to the transactions herein or therein contemplated and shall be entitled, in the absence of actual knowledge of a breach of obligation, to assume that each such person is properly performing and complying with its obligations;

No obligation to monitor. the Trustee shall be under no obligation to monitor or supervise the functions of any other person under the Trust Deed, Agency Agreement, Notes or Coupons or any other agreement or document relating to the transactions herein or therein contemplated and shall be entitled, in the absence of actual knowledge of a breach of obligation, to assume that each such person is properly performing and complying with its obligations;

No obligation to monitor. the Trustee shall be under no obligation to monitor or supervise the functions of any other person under the Notes Bonds or Coupons or any other agreement or document relating to the transactions herein or therein contemplated and shall be entitled, in the absence of actual knowledge of a breach of obligation, to assume that each such person is properly performing and complying with its obligations;

No obligation to monitor. the Trustee shall be under no obligation to monitor or supervise the functions of any other person under the Notes or Coupons or any other agreement or document relating to the transactions herein or therein contemplated and shall be entitled, in the absence of actual knowledge of a breach of obligation, to assume that each such person is properly performing and complying with its obligations;

No obligation to monitor. the The Trustee shall be under no obligation to monitor or supervise the functions of any other person under the Notes Notes, this Trust Deed or any other agreement or document relating to the transactions herein or therein contemplated and shall be entitled, in the absence of actual knowledge written notice of a breach of obligation, to assume that each such person is properly performing and complying with its obligations, for the avoidance of doubt the Trustee shall be under no obligation to monitor or supervise any matters contained within or related to Condition 5 (Negative Pledge);

No obligation to monitor. the The Note Trustee shall be under no obligation to monitor or supervise the functions of any other person under the Notes or any other agreement or document relating to the transactions herein or therein contemplated and shall be entitled, in the absence of actual knowledge of a breach of obligation, to assume that each such person is properly performing and complying with its obligations;.

No obligation to monitor. the The Trustee shall be under no obligation to monitor or supervise the functions of any other person under the Notes or any other agreement or document relating to the transactions herein or therein contemplated contemplated, including, without limitation, compliance by the Issuer with the covenants and provisions set out in the Notes and the Trust Deed and shall be entitled, in the absence of actual knowledge or express written notice in writing of a breach of obligation, to assume that each such person is properly performing and complying with its obligations;obligations and the Trustee shall have no liability to any person for any loss arising from a breach by such person.

No obligation to monitor. the The Trustee shall be under no obligation to monitor or supervise the functions of any other person under this Trust Deed, the Notes or any other agreement or document relating to the transactions herein or therein contemplated and shall be entitled, in the absence of actual knowledge of a breach of obligation, to assume that each such person is properly performing and complying with its obligations;.

No obligation to monitor. the The Trustee shall be under no obligation to monitor or supervise the functions of any other person under the Notes Bonds, the Agency Agreement or any other agreement or document relating to the transactions herein or therein contemplated and shall be entitled, in the absence of actual knowledge of a breach of obligationexpress notice in writing to the contrary, to assume that each such person is properly performing and complying with its obligations;.

No obligation to monitor. the The Trustee shall be under no obligation to monitor whether the Issuer or supervise either of the functions of any other person Guarantors is complying with their respective obligations under this Trust Deed or the Notes Bonds or any other agreement or document relating to the transactions herein or therein contemplated whether there has been a breach thereof and shall be entitled, in the absence of actual knowledge of a breach of obligation, to assume that each such person is properly performing and complying with its obligations;.

No obligation to monitor. the The Trustee shall be under no obligation to monitor or supervise the functions of any other person under the Notes Bonds or any other agreement or document relating to the transactions herein or therein contemplated and shall be entitled, in the absence of actual knowledge of a breach of obligation, to assume that each such person is properly performing and complying with its obligations;.

No obligation to monitor. the The Trustee shall be under no obligation to monitor or supervise the functions of any other person under the Notes or any other agreement or document relating to the transactions herein or therein contemplated and and, for the avoidance of doubt, shall be entitledunder no obligation to monitor any financial performance of the Issuer or the Guarantor, in as the absence of actual knowledge of a breach of obligation, to assume that each such person is properly performing and complying with its obligations;case may be.

No obligation to monitor. the The Trustee shall be under no obligation to monitor or supervise the functions of any other person under the Notes or any other agreement or document relating to the transactions herein or therein contemplated contemplated, including, without limitation, compliance by the Issuer and the Guarantor with the covenants and provisions set out in the Notes and the Trust Deed and shall be entitled, in the absence of actual knowledge express written notice in writing of a breach of obligation, to assume that each such person is properly performing and complying with its obligations;obligations and the Trustee shall have no liability to any person for any loss arising from a breach by such person

No obligation to monitor. the The Trustee shall be under no obligation to monitor or supervise the functions of any other person under the Notes SK Loan Schedule or any other agreement or document relating to the transactions herein thereto or therein contemplated and shall be entitled, in the absence of actual knowledge of a breach of obligation, to assume that each such person is properly performing and complying with its obligations;.