Common use of No obligation to monitor Clause in Contracts

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.

Appears in 7 contracts

Samples: Intercompany Loan Agreement, Intercompany Loan Agreement, Intercompany Loan Agreement

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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 other Secured Creditors shall be obligated obliged to concern themselves as to the application of amounts drawn by the Guarantor under this Agreement.

Appears in 2 contracts

Samples: Intercompany Loan Agreement, Intercompany Loan Agreement (BMO Covered Bond Guarantor Limited Partnership)

No obligation to monitor. Without prejudice to the obligations of the Guarantor under this Section Article 3, neither the Issuer nor the Bond Trustee nor any of the other Secured Creditors shall will be obligated obliged to concern themselves as to the application of amounts drawn by the Guarantor under this Agreement.

Appears in 1 contract

Samples: Intercompany Loan Agreement (Bank of Nova Scotia /)

No obligation to monitor. Without prejudice to the obligations of the Guarantor under this Section Article 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.

Appears in 1 contract

Samples: Intercompany Loan Agreement

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No obligation to monitor. Without prejudice to the obligations of the Guarantor LP under this Section 3, neither the Issuer nor the Bond Trustee nor any of the Secured Creditors shall be obligated obliged to concern themselves as to the application of amounts drawn by the Guarantor LP under this Agreement.

Appears in 1 contract

Samples: Intercompany Loan Agreement (RBC Covered Bond Guarantor Limited Partnership)

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