Common use of No Obligation of the Warrant Agent Clause in Contracts

No Obligation of the Warrant Agent. The Warrant Agent shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Agreement or under applicable law with respect to any transfer of any interest in any Warrant other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by, the terms of this Agreement, and to examine the same to determine substantial compliance as to form with the express requirements hereof.

Appears in 3 contracts

Samples: Warrant Agreement (Orchid Island Capital, Inc.), Warrant Agreement (Cypress Sharpridge Investments, Inc.), Warrant Agreement (Cypress Sharpridge Investments, Inc.)

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No Obligation of the Warrant Agent. (i) The Warrant Agent shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Agreement or under applicable law with respect to any transfer of any interest in any Warrant other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by, the terms of this Agreement, and to examine the same to determine substantial compliance as to form with the express requirements hereof.

Appears in 1 contract

Samples: Warrant Agreement (Verso Paper Holdings LLC)

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