Examples of Transaction Obligors in a sentence
The Security Agent shall be entitled to accept without enquiry, and shall not be obliged to investigate, any right and title that any of the Transaction Obligors may have to any of the Charged Property and shall not be liable for or bound to require any Transaction Obligor to remedy any defect in its right or title.
None of the Transaction Obligors nor any of their respective assets enjoys any right of immunity (sovereign or otherwise) from set-off, any legal action or proceeding including, without limitation, suit, attachment prior to judgment, execution or other enforcement in respect of their obligations under this Agreement or any of the other Transaction Documents or by any relevant or applicable law.
No litigation, arbitration or administrative proceedings are current or pending or, to its knowledge, threatened, which might, if adversely determined, have a material adverse effect on the ability of a Transaction Obligor to perform its obligations under the Transaction Documents to which it is a party or that Transaction Obligor's financial position or profitability.
The Agent may (with the consent of the Transaction Obligors or in accordance with Clause 35 (Set-off)) apply any amount received by it for that Transaction Obligor in or towards payment (on the date and in the currency and funds of receipt) of any amount due from that Transaction Obligor under the Finance Documents or in or towards purchase of any amount of any currency to be so applied.
To the best of its knowledge, each of the Transaction Obligors has complied with all taxation laws in all jurisdictions in which it is subject to taxation and has paid all material Taxes due and payable by it.