Common use of Protection of Third Parties Clause in Contracts

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

Appears in 3 contracts

Samples: Constar International Inc, Constar International Inc, Constar International Inc

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

Appears in 3 contracts

Samples: Facility Agreement (Constar International Inc), Constar International Inc, Constar International Inc

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

Appears in 1 contract

Samples: Ero Marketing Inc

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

Appears in 1 contract

Samples: Ero Marketing Inc

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

Appears in 1 contract

Samples: Credit Agreement (Genicom Corp)

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