Secured Party’s receipts. (a) The receipt of any Officer of the Secured Party for any money payable to or received by the Secured Party under this deed exonerates the payer from all liability to enquire whether any of the Secured Moneys have become payable. (b) Every receipt of an Officer of the Secured Party effectually discharges the payer from: (1) any future liability to pay the amount specified in the receipt; and (2) being concerned to see to the application of, or being answerable or accountable for any loss or misapplication of, the amount specified in the receipt.
Appears in 4 contracts
Samples: Specific Security Agreement (Shares) (Discovery Energy Corp.), General Security Agreement (Discovery Energy Corp.), Specific Security Agreement (Shares) (Discovery Energy Corp.)
Secured Party’s receipts. (a) The receipt of any Officer of the a Secured Party for any money payable to or received by the Secured Party under this deed document exonerates the payer from all liability to enquire whether any of the Secured Moneys have become payable.
(b) Every receipt of an Officer of the a Secured Party effectually discharges the payer from:
(1i) any future liability to pay the amount specified in the receipt; and
(2ii) being concerned to see to the application of, or being answerable or accountable for any loss or misapplication of, the amount specified in the receipt.
Appears in 2 contracts
Samples: Credit Agreement, Credit Agreement (Peabody Energy Corp)
