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.
Appears in 8 contracts
Samples: Amendment and Restatement Agreement (Smurfit Kappa Funding PLC), Agreement (Viasystems Inc), Credit Agreement (Merix Corp)
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 utilisationFacilities.
Appears in 4 contracts
Samples: Loan Facilities Agreement, Agreement (Smith & Nephew PLC), Amb Property Corp
No obligation to monitor. No Finance Party is bound to monitor or verify the utilisation application of a Facility and no Finance Party will Loan or be responsible for, or for the consequences of, such utilisationthe utilisation of a Facility.
Appears in 3 contracts
Samples: Agreement (Bayer Aktiengesellschaft), Bridge Facilities Agreement (Bayer Aktiengesellschaft), Syndicated Facilities Agreement (Bayer Aktiengesellschaft)
No obligation to monitor. No Finance Party is bound to monitor or verify the utilisation application of a Facility and no Finance Party will Loan or be responsible for, or for the consequences of, such utilisationthe utilisation of the Facility.
Appears in 1 contract
Samples: Agreement (Bayer Aktiengesellschaft)
No obligation to monitor. No Finance Party is bound to monitor or verify the use of proceeds of utilisation of a Facility and no Finance Party will be responsible for, or for the consequences of, such utilisationFacility.
Appears in 1 contract
