Common use of No obligation to monitor Clause in Contracts

No obligation to monitor. No Finance Party is obliged to monitor or verify the utilisation of any Loan.

Appears in 18 contracts

Samples: Agreement, Agreement (Ocean Rig UDW Inc.), Agreement (Ocean Rig UDW Inc.)

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No obligation to monitor. No Without affecting the obligations of the Company in any way, no Finance Party is obliged bound to monitor or verify the utilisation application of any Loan.

Appears in 3 contracts

Samples: Agreement (Scottish Power PLC), Agreement (Scottish Power PLC), Agreement (Scottish Power PLC)

No obligation to monitor. No Finance Party is obliged bound to monitor or verify the utilisation use of any LoanCredit.

Appears in 2 contracts

Samples: Supplemental Agreement (Enodis PLC), Agreement (Enodis PLC)

No obligation to monitor. No Finance Party is obliged to monitor or verify the utilisation of any the Loan.

Appears in 2 contracts

Samples: Facility Agreement (Global Ship Lease, Inc.), Credit Agreement (Seaspan CORP)

No obligation to monitor. No Finance Party is obliged to monitor or verify the utilisation of any LoanLoan or Letter of Credit.

Appears in 1 contract

Samples: Agreement (Quintana Maritime LTD)

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No obligation to monitor. No Finance Party is obliged bound to monitor or verify the utilisation purposes for which any Letter of any LoanCredit or Loan is applied.

Appears in 1 contract

Samples: Agreement (Converium Holding Ag)

No obligation to monitor. No Finance Party is obliged to monitor or verify verify’ the utilisation of any Loan.

Appears in 1 contract

Samples: Agreement (Ocean Rig UDW Inc.)

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