Common use of No obligation to monitor Clause in Contracts

No obligation to monitor. No Agent shall be under any obligation to monitor or supervise, enquire about or satisfy itself as to the functions or acts of any party hereto and shall be entitled to assume, in the absence of express notice in writing to the contrary, that each other party hereto is properly performing and complying with its obligations under the documents hereto to which it is a party.

No obligation to monitor. No Agent shall be under any obligation to monitor or supervise, enquire about or satisfy itself as to the functions or acts of the Issuer or any other party hereto to this Agreement and shall be entitled to assume, in the absence of express notice in writing to the contrary, that each of the Issuer, the Guarantor and any other party hereto to this Agreement is properly performing and complying with its obligations under the transaction documents hereto to which it is a party and shall have no liability to any party for any breach by any other party.

No obligation to monitor. No Agent shall be under any obligation to monitor or supervise, enquire about or satisfy itself as to the functions or acts of any party hereto of the parties and shall be entitled to assume, in the absence of express notice in writing to the contrary, that each other party hereto is properly performing and complying with its obligations under the documents hereto to which it is a partyparty and that no Event of Default, Potential Event of Default or other relevant event has occurred and shall have no liability to any person for any loss arising from any breach by that party or any such event.

No obligation to monitor. No Agent shall be under any obligation to monitor or supervise, enquire about or satisfy itself as to the functions or acts of any party hereto to this Agreement and shall be entitled to assume, in the absence of express notice in writing to the contrary, that each other transaction party hereto is properly performing and complying with its obligations under the transaction documents hereto to which it is a party.