Common use of Protection of Third Parties Clause in Contracts

Protection of Third Parties. No person (including a purchaser) dealing with the Security Trustee or a Receiver or its or his agents will be concerned to enquire: (a) whether the Secured Liabilities have become payable; (b) whether any power which the Security Trustee or a Receiver is purporting to exercise has become exercisable or is being properly exercised;

Appears in 1 contract

Samples: Credit Facility Agreement (Halliburton Co)

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Protection of Third Parties. No person (including a purchaser) dealing with the Security Trustee or a Receiver or its or his agents will be concerned to enquire: (a) whether the Secured Liabilities or Deed of Payment Liabilities have become payable;; or (b) whether any power which the Security Trustee or a the Receiver is purporting to exercise has become exercisable exercisable; or (c) whether any money remains due under the Finance Documents, the Subordinated Loan Agreement or the Deed of Payment; or (d) how any money paid to the Security Trustee or to the Receiver is being properly exercised;to be applied.

Appears in 1 contract

Samples: Debenture (British Energy Group PLC)

Protection of Third Parties. No person (including a purchaser) dealing with the Security Trustee or a Receiver or any Security Party or its or his agents will be concerned to enquire: (a) whether the Secured Liabilities have become payable; (b) whether any power which the Security Trustee or a Receiver or any Security Party is purporting to exercise has become exercisable or is being properly exercised; (c) whether any money remains due under the Indenture, the Notes or this Deed; or (d) how any money paid to that Receiver or Security Party is to be applied.

Appears in 1 contract

Samples: Deed of Assignment and Charge (Fimep Sa)

Protection of Third Parties. No person (including a purchaser) dealing with the Security Trustee or a Receiver or its or his agents will be concerned to enquire: (a) whether the Secured Liabilities Obligations have become payable; (b) whether any power which the Security Trustee or a Receiver is purporting to exercise has become exercisable or is being properly exercised; (c) whether any money remains due under the Debt Documents; or (d) how any money paid to the Security Trustee or to that Receiver is to be applied.

Appears in 1 contract

Samples: Security Agreement

Protection of Third Parties. No person (including a purchaser) dealing with the Security Trustee or a Receiver or its or his agents will be concerned to enquire: (a) whether the Secured Liabilities have become payable; (b) whether any power which the Security Trustee or a the Receiver is purporting to exercise has become exercisable exercisable; (c) whether any money remains due under the Finance Documents, the Capacity and Tolling Agreement or the Second Intercompany Loan Agreement; or (d) how any money paid to the Security Trustee or to the Receiver is being properly exercised;to be applied.

Appears in 1 contract

Samples: Debenture (British Energy Group PLC)

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Protection of Third Parties. No person (including a purchaser) dealing with the Security Trustee or a Receiver or its or his agents delegate will be concerned to enquire: (a) whether the Secured Liabilities Obligations have become payable; (b) whether any power which the Security Trustee or a Receiver is purporting to exercise has become exercisable or is being properly exercised; (c) whether any money remains due in respect of the Secured Obligations; or (d) how any money paid to the Security Trustee or that Receiver is to be applied.

Appears in 1 contract

Samples: Security Trust Agreement

Protection of Third Parties. No person (including a purchaser) dealing with the Security Trustee or a Receiver or its or his agents will be concerned to enquire: (a) whether the Secured Liabilities have become payable;; or (b) whether any power which the Security Trustee or a the Receiver is purporting to exercise has become exercisable exercisable; or (c) whether any Secured Liabilities remain due; or (d) how any money paid to the Security Trustee or to the Receiver is being properly exercised;to be applied.

Appears in 1 contract

Samples: Assignment of Share Purchase Agreement and Tax Deed of Covenant (British Energy Group PLC)

Protection of Third Parties. No person (including a purchaser) dealing with the Security Trustee or a Receiver or its or his agents will be concerned to enquire:enquire:- (a) whether the Secured Liabilities have become payable;; or (b) whether any power which the Security Trustee or a the Receiver is purporting to exercise has become exercisable exercisable; or (c) whether any money remains due under the Finance Documents; or (d) how any money paid to the Security Trustee or to the Receiver is being properly exercised;to be applied.

Appears in 1 contract

Samples: Debenture (Wilshire Real Estate Investment Trust Inc)

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