Protection to purchasers Sample Clauses
The 'Protection to purchasers' clause serves to safeguard individuals or entities who acquire property or rights in good faith, typically without knowledge of prior claims or defects. In practice, this clause ensures that purchasers who buy assets, such as real estate or securities, are not adversely affected by undisclosed interests or previous disputes that they could not have reasonably discovered. Its core function is to promote certainty and confidence in transactions by protecting innocent purchasers from hidden risks, thereby facilitating smoother and more reliable exchanges.
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Protection to purchasers. All the protection to purchasers contained in Sections 104 (Conveyance on sale) and 107 (Mortgagee’s receipts, discharges etc.) of the LPA, Section 42(3) of the Insolvency Act 1986 or in any other applicable legislation shall apply to any person purchasing from or dealing with the Lender, any Receiver or any Delegate.
Protection to purchasers. Subject to the provisions of this Deed, all the protection to purchasers contained in Sections 52 (Protection of purchaser), 53 (Sale by mortgagee) and 55 (Mortgagee’s receipt) of the CPO or in any other applicable legislation shall apply to any person purchasing from or dealing with Investor, any Receiver or any Delegate.
Protection to purchasers. No pipeline company or other person purchasing or taking or processing Overriding Royalty Hydrocarbons shall be required to take notice of, or to keep informed concerning, termination of the Overriding Royalty, until actual receipt of written notice from Grantee advising such company or person of such termination.
Protection to purchasers. No pipeline company or other person purchasing or taking or processing Production Payment Hydrocarbons shall be required to take notice of, or to keep informed concerning, termination of the Production Payment, until actual receipt of written notice from Assignor advising such company or person of such termination. -------------------------------------------------------------------------------- EXHIBIT C Page 6 of 18
Protection to purchasers. All the protection to purchasers contained in Sections 104 and 107 of the LPA, Section 42(3) of the Insolvency Act or in any other applicable legislation shall apply to any person purchasing from or dealing with the Collateral Agent, any Receiver or any Delegate.
Protection to purchasers. Upon any sale or disposal of the Charged Assets or any part thereof which the Lender, any Receiver or any Delegate shall make or purport to make under the provisions of this Deed, a statement in writing from the Lender, any Receiver or any Delegate that the security created by the Deed has become enforceable and that the power of sale has become exercisable shall be conclusive evidence of the fact in favour of any purchaser or other person to whom any of the Charged Assets may be transferred and such purchaser or other person will take the same free of any rights of the Chargor. The Chargor undertakes to indemnify the Lender, each Receiver and each Delegate against any claim which may be made against the Lender, that Receiver or that Delegate by such purchaser or any other person by reason of any defect in its title to the Charged Assets. Any Receiver or Delegate referred to in this Clause 13 may enjoy the benefit or enforce the terms of this Clause 13 in accordance with the provisions of the Contracts (Rights of Third Parties) Act, Chapter 53B of Singapore.
Protection to purchasers. No company or person purchasing the Production Payment Oil shall be required to take notice of, or keep informed concerning the termination of the Production Payment, until actual receipt of notice from Grantee advising such company or person of such termination.