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.
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.
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.
None of the Transaction Obligors has a place of business in any jurisdiction (except as already disclosed to the Agent) which requires any of the Finance Documents to be filed or registered in that jurisdiction to ensure the validity of the Finance Documents to which it is a party.
The Security Agent may obtain and rely on any certificate or report from any Transaction Obligor's auditor and may enter into any reliance letter or engagement letter relating to that certificate or report on such terms as it may consider appropriate (including, without limitation, restrictions on the auditor's liability and the extent to which that certificate or report may be relied on or disclosed).