No obligation to monitor Sample Clauses

No obligation to monitor. No Finance Party is bound to monitor or verify the utilisation of a Facility.
No obligation to monitor the Trustee shall be under no obligation to monitor or supervise the functions of any other person under the Notes or any other agreement or document relating to the transactions herein or therein contemplated and shall be entitled, in the absence of actual knowledge of a breach of obligation, to assume that each such person is properly performing and complying with its obligations;
No obligation to monitor. No Finance Party is obliged to monitor or verify the utilisation of any Loan.
No obligation to monitor. Without prejudice to the obligations of the Guarantor under this Section 3, neither the Issuer nor the Bond Trustee nor any of the Secured Creditors shall be obligated to concern themselves as to the application of amounts drawn by the Guarantor under this Agreement.
No obligation to monitor. The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Note (including any transfers between or among Depositary participants or beneficial owners of interests in any Global Notes or for actions taken or omitted to be taken by the Depositary) 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 Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof.
No obligation to monitor. No Finance Party is bound to monitor or verify the utilisation of a Facility and no Finance Party will be responsible for, or for the consequences of, such utilisation.
No obligation to monitor. Without prejudice to the obligations of the Guarantor LP under this Xxxxxxx 0, xxxx of the Issuer, the Bond Trustee and any of the Secured Creditors shall be obliged to concern themselves as to the application of amounts drawn by the Guarantor LP under this Agreement.
No obligation to monitor. The Lender is not bound to monitor or verify the application of any amount borrowed under this Agreement.