Common use of THIRD PARTY PROTECTION Clause in Contracts

THIRD PARTY PROTECTION. The Assignor hereby expressly agrees and confirms that all persons dealing with the Bank shall not be required or concerned to enquire whether any event has occurred upon which any of the powers contained herein are or may be exercisable by the Bank or otherwise as to the propriety or regularity of any exercise thereof or of any act purporting or intended to be an exercise thereof or whether any amounts or liabilities secured or intended to be secured hereunder are due or owing or payable.