Common use of Protection of Third Parties Clause in Contracts

Protection of Third Parties. No purchaser, mortgagee or other person or company dealing with the Security Trustee or the Receiver or its or his agents shall be concerned to enquire whether the Secured Liabilities have become payable or whether any power which the Receiver is purporting to exercise has become exercisable or whether any money remains due under the Finance Documents or to see to the application of any money paid to the Security Trustee or to such Receiver.

Appears in 2 contracts

Samples: Restatement Agreement, Security Trust

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Protection of Third Parties. No purchaser, mortgagee or other person or company dealing with a Receiver or the Security Trustee or the Receiver or its or his agents shall be concerned to enquire whether the Secured Liabilities have become payable or payable, whether any power which the Receiver he or it is purporting to exercise has become exercisable or exercisable, whether any money remains is due under the Finance Documents or to see this Debenture, as to the application of any money paid paid, raised or borrowed or as to the propriety or regularity of any sale by or other dealing with such Receiver or the Security Trustee or to such ReceiverTrustee.

Appears in 1 contract

Samples: Credit Acceptance Corporation

Protection of Third Parties. No purchaser, mortgagee or other person or company dealing with the Security Trustee Agent or the Receiver a Receiver, or its or his agents shall be concerned to any agent of them, need enquire whether the Secured Liabilities have become payable or payable, whether any power which the Security Agent or Receiver is purporting to exercise has become exercisable or exercisable, whether any money remains Secured Liabilities remain due under the Finance Documents or to see to the application of how any money paid to the Security Trustee Agent or to such ReceiverReceiver is applied.

Appears in 1 contract

Samples: Mitel Networks Corp

Protection of Third Parties. No purchaser, mortgagee or other person or company dealing with the Security Trustee Agent or the Receiver or its or his agents shall be concerned to enquire whether the Secured Liabilities Obligations have become due and payable or whether any power which the Receiver is purporting to exercise has become exercisable or whether any money of the Secured Obligations remains due under the Finance Documents outstanding or to see to the application of any money paid to the Security Trustee Agent or to such Receiver.

Appears in 1 contract

Samples: Affiliated Computer Services Inc

Protection of Third Parties. No purchaser, mortgagee or other person or company dealing with the Security Trustee or the any Receiver or its or his the agents of any of them shall be concerned to enquire whether the Secured Liabilities Obligations have become due and payable or whether any power which the Security Trustee or any Receiver is purporting to exercise has become exercisable or whether any money of the Secured Obligations remains due under the Finance Documents outstanding or to see to the application of any money paid to the Security Trustee or to such Receiver.

Appears in 1 contract

Samples: Charge Over (Wakefield Cable Communications LTD)

Protection of Third Parties. No purchaser, mortgagee or other person or company company, with the exception of the Lender, dealing with the Security Trustee Lender or the Receiver or its or his agents shall be concerned to enquire whether the Secured Liabilities have become payable or whether any power which the Lender or the Receiver is purporting to exercise has become exercisable or whether any money remains due under of the Finance Documents Secured Liabilities remain outstanding or to see to the application of any money paid to the Security Trustee Lender or to such Receiver.

Appears in 1 contract

Samples: Asset Security Agreement (SAVVIS, Inc.)

Protection of Third Parties. No purchaser, mortgagee or other person or company dealing with the Security Trustee Agent or the Receiver or its or his agents shall be concerned to enquire whether the Secured Liabilities have become payable or whether any power which the Receiver is purporting to exercise has become exercisable or whether any money remains due under this Debenture, the Finance Documents Agreements or the PA Note or to see to the application of any money paid to the Security Trustee Agent or to such Receiver.

Appears in 1 contract

Samples: Pacificorp /Or/

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Protection of Third Parties. No purchaser, mortgagee or other person or company Person dealing with the Security Trustee Chargee or the Receiver or its or his their agents shall be concerned to enquire whether the Secured Liabilities Obligations have become due and payable or whether any power which the Receiver is purporting to exercise has become exercisable or whether any money of the Secured Obligations remains due under the Finance Documents outstanding or to see to the application of any money paid to the Security Trustee Chargee or to such Receiver.

Appears in 1 contract

Samples: Shareholders’ Agreement (Central European Distribution Corp)

Protection of Third Parties. No purchaser, mortgagee or other person or company dealing with the Security Trustee Agent or the Receiver or its or his agents shall be concerned to enquire whether the Secured Liabilities have become payable or whether any power which the Receiver is purporting to exercise has become exercisable or whether any money remains due under this Debenture, the Finance Documents or the Coalco/Bidco Loan Agreement or to see to the application of any money paid to the Security Trustee Agent or to such Receiver.

Appears in 1 contract

Samples: Conformed Copy (Pacificorp /Or/)

Protection of Third Parties. No purchaser, mortgagee or other person or company dealing with the Security Trustee Agent or the Receiver or its or his agents shall be concerned to enquire whether the Secured Liabilities have become payable or whether any power which the Receiver is purporting to exercise has become exercisable or whether any money remains due under this Debenture or the Finance Documents or to see to the application of any money paid to the Security Trustee Agent or to such Receiver.

Appears in 1 contract

Samples: Getty Images Inc

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