Common use of The Commission Clause in Contracts

The Commission. (1) The Commission is a party to this Agreement only for the purpose of ensuring the enforceability of the provisions of this Agreement so as to satisfy itself that such requirements of the Financial Resources Rules as are applicable to the Borrower are met and the Commission is not, and shall not be deemed to be, a trustee for, or to have any obligation of any nature to, the Senior Creditors or any of them.

Appears in 4 contracts

Samples: Subordinated Loan Agreement, Subordinated Loan Agreement, Subordinated Loan Agreement

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The Commission. (1) The Commission is a party to this Agreement only for the purpose of ensuring the enforceability of the provisions of this Agreement so as to satisfy itself that such requirements of the Financial Resources Rules as are applicable to the Borrower are met and the Commission is not, and shall not be deemed to be, be a trustee for, or to have any obligation of any nature to, to the Senior Creditors or any of them.

Appears in 4 contracts

Samples: Model Agreement, Model Agreement, Model Agreement

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The Commission. (1) The Commission is a party to this Agreement only for the purpose of ensuring the enforceability of the provisions of this Agreement so as to satisfy itself that such the requirements of the Financial Resources Rules as are applicable to the Borrower are met and the Commission is not, and shall not be deemed to be, a trustee for, or to have any obligation of any nature to, the Senior Creditors or any of them.

Appears in 3 contracts

Samples: www.sfc.hk, www.sfc.hk, www.sfc.hk

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