Common use of No obligation to monitor Clause in Contracts

No obligation to monitor. The Lender is not bound to monitor or verify the utilisation of the Facility.

Appears in 4 contracts

Samples: Facility Agreement (Baidu, Inc.), Term Loan Agreement (Kadant Inc), Bridge Facility Agreement (Professional Staff PLC)

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No obligation to monitor. The Lender is not bound to monitor or verify the utilisation of the any Facility.

Appears in 1 contract

Samples: Facilities Agreement (Mechel OAO)

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No obligation to monitor. The Lender is not bound to monitor or verify the utilisation of the a Facility.

Appears in 1 contract

Samples: Facilities Agreement (Mitcham Industries Inc)

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