Common use of No Action Required Clause in Contracts

No Action Required. In the event that any of the notices and/or Software or other documents or instruments to be delivered pursuant to the terms hereof are not delivered to the Security Agent, Security Agent shall have no duty whatsoever to take any action with respect to procurement of the same. The Security Agent shall have no obligation or responsibility to verify that any Software or other documents or instruments delivered hereunder are the Enhancements or other documents required to be delivered by Alya pursuant to the Purchase Agreement or the Management Agreement. The Security Agent may, however, allow such verification to be obtained at, or within a reasonable time of, such delivery by a qualified employee or agent of any one of the Joint Venturers and may permit such employee or agent reasonable access to such Software, document or other instrument for the purposes of making such verification. For the purpose of this paragraph, the parties agree that such Software, document or other instrument may be initially delivered to such employee or agent for the sole purpose of making such verification followed by immediate delivery of the Security Agent.

No Action Required. In the event that any of the notices and/or Software or other documents or instruments to be delivered pursuant to the terms hereof are not delivered to the Security Agent, Security Agent shall have no duty whatsoever to take any action with respect to procurement of the same. The Security Agent shall have no obligation or responsibility to verify that any Software or other documents or instruments delivered hereunder are the Enhancements or other documents required to be delivered by Alya pursuant to the Purchase Agreement or the Management Agreement. The Security Agent may, however, allow such verification to be obtained at, or within a reasonable time of, such delivery by a qualified employee or agent of any one of the Joint Venturers Xxxxxxxx and may permit such employee or agent reasonable access to such Software, document or other instrument for the purposes of making such verification. For the purpose of this paragraph, the parties agree that such Software, document Software documents or other instrument may be initially delivered to such employee or agent for the sole purpose of making such verification followed by immediate delivery of to the Security Agent.

No Action Required. In the event that any of the notices and/or Software or other documents or instruments to be delivered pursuant to the terms hereof are not delivered to the Security Agent, Security Agent shall have no duty whatsoever to take any action with respect to procurement of the same. The Security Agent shall have no obligation or responsibility to verify that any Software or other documents or instruments delivered hereunder are the Enhancements or other documents required to be delivered by Alya pursuant to the Purchase Agreement or the Management Agreement. The Security Agent may, however, allow such verification to be obtained at, or within a reasonable time of, such delivery by a qualified employee or agent of any one of the Joint Venturers Silver and may permit such employee or agent reasonable access to such Software, document or other instrument for the purposes of making such verification. For the purpose of this paragraph, the parties agree that such Software, document Software documents or other instrument may be initially delivered to such employee or agent for the sole purpose of making such verification followed by immediate delivery of to the Security Agent.

No Action Required. In the event that any of the notices and/or Software or other documents or instruments to be delivered pursuant to the terms hereof are not delivered to the Security Agent, Security Agent shall have no duty whatsoever to take any action with respect to procurement of the same. The Security Agent shall have no obligation or responsibility to verify that any Software or other documents or instruments delivered hereunder are the Enhancements or other documents required to be delivered by Alya pursuant to the Purchase Agreement or the Management Agreement. The Security Agent may, however, allow such verification to be obtained at, or within a reasonable time of, such delivery by a qualified employee or agent of any one of the Joint Venturers [PURCHASER 2] and may permit such employee or agent reasonable access to such Software, document or other instrument for the purposes of making such verification. For the purpose of this paragraph, the parties agree that such Software, document Software documents or other instrument may be initially delivered to such employee or agent for the sole purpose of making such verification followed by immediate delivery of to the Security Agent.

No Action Required. In the event that any of the notices and/or Software or other documents or instruments to be delivered pursuant to the terms hereof are not delivered to the Security Agent, Security Agent shall have no duty whatsoever to take any action with respect to procurement of the same. The Security Agent shall have no obligation or responsibility to verify that any Software or other documents or instruments delivered hereunder are the Enhancements or other documents required to be delivered by Alya pursuant to the Purchase Agreement or the Management Agreement. The Security Agent may, however, allow such verification to be obtained at, or within a reasonable time of, such delivery by a qualified employee or agent of any one of the Joint Venturers [PURCHASER] and may permit such employee or agent reasonable access to such Software, document or other instrument for the purposes of making such verification. For the purpose of this paragraph, the parties agree that such Software, document Software documents or other instrument may be initially delivered to such employee or agent for the sole purpose of making such verification followed by immediate delivery of to the Security Agent.