Common use of Protection of Third Parties Clause in Contracts

Protection of Third Parties. 12.1 No purchaser from, or other person dealing with, the Note Trustee and/or any Receiver shall be concerned to enquire whether any of the powers which they have exercised or purported to exercise has arisen or become exercisable, or whether the Secured Amounts remain outstanding or whether any event has occurred to authorise the Receiver to act or as to the propriety or validity of the exercise or purported exercise of any such powers and the title of such a purchaser and the position of such a person shall not be impeachable by reference to any of those matters.

Protection of Third Parties. 12.1 17.1 No purchaser from, or other person dealing with, the Note Trustee Agent and/or any the Receiver and Manager shall be concerned to enquire inquire whether any of the powers which they have exercised or purported to exercise has arisen or become exercisable, or whether the Secured Amounts whole or any part of the Indebtedness remain outstanding outstanding, or whether any event case has occurred happened to authorise authorize the Receiver and Manager to act or as to the propriety or validity of the exercise or purported exercise of any such powers power; and the title of such a purchaser and the position of such a person shall not be impeachable by reference to any of those matters.