Common use of Not Obligated to Verify Clause in Contracts

Not Obligated to Verify. No party relying on a document executed by the Collateral Agent under this Section 3.3 is required to verify the Collateral Agent’s authority, inquire into the satisfaction of any conditions or require evidence of the distribution of any funds.

Appears in 3 contracts

Samples: Credit and Security Agreement (CAB East LLC), Credit and Security Agreement (CAB East LLC), Credit and Security Agreement (Ford Credit Auto Lease Trust 2014-A)

AutoNDA by SimpleDocs

Not Obligated to Verify. No party relying on a document executed by the Collateral Agent under this Section 3.3 is required to verify the Collateral Agent’s 's authority, inquire into the satisfaction of any conditions or require evidence of the distribution of any funds.

Appears in 3 contracts

Samples: Credit and Security Agreement (CAB East LLC), Credit and Security Agreement (CAB East LLC), Credit and Security Agreement (CAB East LLC)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!