Common use of No Requirement for Bond or Security Clause in Contracts

No Requirement for Bond or Security. A Pari Passu Note Trustee shall not be required to give any bond or surety with respect to the performance of its duties or the exercise of its powers under this Agreement.

Appears in 7 contracts

Samples: Intercreditor Agreement (Melco Resorts & Entertainment LTD), Intercreditor Agreement (STUDIO CITY INTERNATIONAL HOLDINGS LTD), Intercreditor Agreement (STUDIO CITY INTERNATIONAL HOLDINGS LTD)

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No Requirement for Bond or Security. A Pari Passu Note Bond Trustee shall not be required to give any bond or surety with respect to the performance of its duties or the exercise of its powers under this Agreement.

Appears in 2 contracts

Samples: Intercreditor Agreement (Tidewater Inc), Intercreditor Agreement

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No Requirement for Bond or Security. A Pari Passu Note Notes Trustee shall not be required to give any bond or surety with respect to the performance of its duties or the exercise of its powers under this Agreement.

Appears in 1 contract

Samples: Intercreditor Agreement (Selina Hospitality PLC)

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