Common use of Conclusive discharge to purchasers Clause in Contracts

Conclusive discharge to purchasers. The receipt of full consideration from a purchaser to the Security Agent, the Receiver or any of the Security Agent’s nominees shall be a conclusive discharge to that purchaser and, in making any sale or other disposal of any of the Secured Shares or in making any acquisition in the exercise of their respective powers, the Security Agent, the Receiver or any of the Security Agent’s nominees may do so for any consideration, in any manner and on any terms that it thinks fit.

Appears in 3 contracts

Samples: Shin Nippon Biomedical Laboratories, Ltd., Shin Nippon Biomedical Laboratories, Ltd., Shin Nippon Biomedical Laboratories, Ltd.

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Conclusive discharge to purchasers. The receipt of full consideration from a purchaser to the Security AgentChargee, the Receiver or any of the Security AgentChargee’s nominees shall be a conclusive discharge to that purchaser and, in making any sale or other disposal of any of the Secured Shares or in making any acquisition in the exercise of their respective powers, the Security AgentChargee, the Receiver or any of the Security AgentChargee’s nominees may do so for any consideration, in any manner and on any terms that it thinks fit.

Appears in 1 contract

Samples: Shin Nippon Biomedical Laboratories, Ltd.

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