No responsibility to perfect Transaction Security. The Trustee shall not be liable for any failure to: (a) require the deposit with it of any deed or document certifying, representing or constituting the title of the Borrower to any of the Cash Collateral; (b) obtain any licence, consent or other authority for the execution, delivery, legality, validity, enforceability or admissibility in evidence of any of the Finance Documents or the Transaction Security; (c) register, file or record or otherwise protect any of the Transaction Security (or the priority of any of the Transaction Security) under any applicable laws in any jurisdiction or to give notice to any person of the execution of any of the Finance Documents or of the Transaction Security; (d) take, or to require the Borrower to take, any steps to perfect its title to any of the Cash Collateral or to render the Transaction Security effective or to secure the creation of any ancillary Security under the laws of any jurisdiction; or (e) require any further assurances in relation to any of the Security Documents.
Appears in 2 contracts
Samples: Standby Letter of Credit Facility (HCC Insurance Holdings Inc/De/), Standby Letter of Credit Facility (HCC Insurance Holdings Inc/De/)
No responsibility to perfect Transaction Security. The Security Trustee shall not be liable for any failure to:
(a) 29.12.1 require the deposit with it of any deed or document certifying, representing or constituting the title of the Borrower to any of the Cash CollateralCharged Property;
(b) 29.12.2 obtain any licence, consent or other authority for the execution, delivery, legality, validity, enforceability or admissibility in evidence of any of the Finance Documents or the Transaction Security;
(c) 29.12.3 register, file or record or otherwise protect any of the Transaction Security (or the priority of any of the Transaction Security) under any applicable laws in any jurisdiction or to give notice to any person of the execution of any of the Finance Documents or of the Transaction Security;
(d) 29.12.4 take, or to require the Borrower to take, any steps to perfect its title to any of the Cash Collateral Charged Property or to render the Transaction Security effective or to secure the creation of any ancillary Security under the laws of any jurisdiction; or
(e) 29.12.5 require any further assurances in relation to any of the Security Documents.
Appears in 2 contracts
Samples: Borrowing Base Facility Agreement (MIE Holdings Corp), Shares Purchase Agreement (MIE Holdings Corp)
No responsibility to perfect Transaction Security. The Security Trustee shall not be liable for any failure to:
(a) 30.12.1 require the deposit with it of any deed or document certifying, representing or constituting the title of the Borrower any Obligor to any of the Cash CollateralCharged Property;
(b) 30.12.2 obtain any licence, consent or other authority for the execution, delivery, legality, validity, enforceability or admissibility in evidence of any of the Finance Documents or the Transaction Security;
(c) 30.12.3 register, file or record or otherwise protect any of the Transaction Security (or the priority of any of the Transaction Security) under any applicable laws in any jurisdiction or to give notice to any person of the execution of any of the Finance Documents or of the Transaction Security;
(d) 30.12.4 take, or to require the Borrower any Obligor to take, any steps to perfect its title to any of the Cash Collateral Charged Property or to render the Transaction Security effective or to secure the creation of any ancillary Security under the laws of any jurisdiction; or
(e) 30.12.5 require any further assurances in relation to any of the Security Documents.
Appears in 1 contract
No responsibility to perfect Transaction Security. The Trustee shall not be liable for any failure to:
(a) 27.8.1 require the deposit with it of any deed or document certifying, representing or constituting the title of the Borrower to any of the Cash Collateral;
(b) 27.8.2 obtain any licence, consent or other authority for the execution, delivery, legality, validity, enforceability or admissibility in evidence of any of the Finance Documents or the Transaction Security;
(c) 27.8.3 register, file or record or otherwise protect any of the Transaction Security (or the priority of any of the Transaction Security) under any applicable laws in any jurisdiction or to give notice to any person of the execution of any of the Finance Documents or of the Transaction Security;
(d) 27.8.4 take, or to require the Borrower to take, any steps to perfect its title to any of the Cash Collateral or to render the Transaction Security effective or to secure the creation of any ancillary Security under the laws of any jurisdiction; or
(e) 27.8.5 require any further assurances in relation to any of the Security Documents.
Appears in 1 contract
Samples: $90,000,000 Standby Letter of Credit Facility (HCC Insurance Holdings Inc/De/)
No responsibility to perfect Transaction Security. The Trustee shall not be liable for any failure to:
(a) 28.8.1 require the deposit with it of any deed or document certifying, representing or constituting the title of the Borrower to any of the Cash CollateralCharged Property;
(b) 28.8.2 obtain any licence, consent or other authority for the execution, delivery, legality, validity, enforceability or admissibility in evidence of any of the Finance Documents or the Transaction Security;
(c) 28.8.3 register, file or record or otherwise protect any of the Transaction Security (or the priority of any of the Transaction Security) under any applicable laws in any jurisdiction or to give notice to any person of the execution of any of the Finance Documents or of the Transaction Security;
(d) 28.8.4 take, or to require the Borrower to take, any steps to perfect its title to any of the Cash Collateral Charged Property or to render the Transaction Security effective or to secure the creation of any ancillary Security under the laws of any jurisdiction; or
(e) 28.8.5 require any further assurances in relation to any of the Security Documents.
Appears in 1 contract
Samples: Standby Letter of Credit Facility (HCC Insurance Holdings Inc/De/)
No responsibility to perfect Transaction Security. The Trustee Security Agent shall not be liable for any failure to:
(a) 25.14.1 require the deposit with it of any deed or document certifying, representing or constituting the title of the Borrower any Obligor to any of the Cash CollateralCharged Property;
(b) 25.14.2 obtain any licence, consent or other authority for the execution, delivery, legality, validity, enforceability or admissibility in evidence of any of the Finance Documents or the Transaction Security;
(c) 25.14.3 register, file or record or otherwise protect any of the Transaction Security (or the priority of any of the Transaction Security) under any applicable laws in any jurisdiction law or regulation or to give notice to any person of the execution of any of the Finance Documents or of the Transaction Security;
(d) 25.14.4 take, or to require the Borrower any Obligor to take, any steps to protect or perfect its interests in or title to any of the Cash Collateral Charged Property or to render the Transaction Security effective or to secure the creation of any ancillary Security under the laws of any jurisdictionlaw or regulation; or
(e) 25.14.5 require any further assurances in relation to any of the Transaction Security Documents.
Appears in 1 contract
Samples: Term Loan and Multicurrency Revolving Facilities Agreement (AVG Technologies N.V.)