Protection of Purchaser. No purchaser or other person dealing with the Collateral Agent or any Receiver or with its or his attorneys shall be concerned to enquire (a) whether any power exercised or purported to be exercised by it, him or them has become exercisable, (b) whether any money remains due on the security hereby created, (c) as to the propriety and regularity of any of its, his or their actions or (d) as to the application of any money paid to him, it or them. In the absence of mala fides on the part of such purchaser or other person, such dealings shall be deemed so far as regards the safety and protection of such purchaser or other person to be within the powers hereby conferred and to be valid accordingly.
Protection of Purchaser. (i) No purchaser or other person dealing with the Secured Party or with its attorney or agent shall be concerned to enquire (1) whether any power exercised or purported to be exercised by the Secured Party has become exercisable, (2) whether any Obligation remains due, (3) as to the propriety or regularity of any of the actions of the Secured Party or (4) as to the application of any money paid to the Secured Party.
(ii) In the absence of bad faith on the part of such purchaser or other person, such dealings shall be deemed, so far as regards the safety and protection of such purchaser or other person, to be within the powers conferred by this Deed and to be valid accordingly. The remedy of the Chargor in respect of any impropriety or irregularity whatever in the exercise of such powers shall be in damages only.
Protection of Purchaser. No purchaser in good faith of property purporting to be released hereunder shall be bound to ascertain the authority of Indenture Trustee to execute the release, or to inquire as to any facts required by the provisions hereof for the exercise of such authority; nor shall any purchaser in good faith of any Unit be under an obligation to ascertain or inquire into the conditions upon which any such sale is hereby authorized.
Protection of Purchaser. 3 D. Indemnification................................................ 3
Protection of Purchaser. A purchaser dealing with the Security Trustee or any receiver appointed pursuant to this Deed shall not be concerned in any way with the provisions of this Deed but shall be entitled to assume that the Security Trustee is, or that receiver is, as the case may be, acting in accordance with the provisions of this Deed.
Protection of Purchaser. 13 15. DELEGATION..............................................................14 16. INDEMNITY...............................................................14
Protection of Purchaser. No person (including a purchaser) dealing with the Pledgee or its assignee or its agents will be concerned to enquire:
(a) whether the Secured Liabilities have become payable;
(b) whether any power which the Pledgee is purporting to exercise has become exercisable;
(c) whether any money remains due under the Security Documents; or
(d) how any money paid to the Pledgee is to be applied.
Protection of Purchaser. No person (including a purchaser) dealing with the Security Trustee or a Receiver or its agents will be concerned to enquire:
(a) whether the Secured Liabilities have become payable; or
(b) whether any power which the Security Trustee or the Receiver is purporting to exercise has become exercisable; or
(c) whether any money remains due under the Finance Documents; or
(d) how any money paid to the Security Trustee or the Receiver is to be applied.
Protection of Purchaser. No purchaser or other person dealing with the Bank or with its attorneys or agents shall be concerned to enquire:-
(a) whether any power exercised or purported to be exercised by it or them has become exercisable;
(b) whether any money remains due on the security hereby created;
(c) as to the propriety or regularity of any of its or their actions; or
(d) as to the application of any money paid to it or them. In the absence of mala fides on the part of such purchaser or other person such dealing shall be deemed so far as regards the protection of such purchaser or other person to be within he powers hereby conferred and to be valid accordingly. The remedy of the Mortgagor in respect of any impropriety or irregularity whatever in the exercise of such powers shall be in damages only.
Protection of Purchaser. No purchaser or other person dealing with the Lender or with its attorney or agent shall be concerned to enquire:
