Exercise of power. The exercise of such power by or on behalf of the Security Agent shall not put any person dealing with the Security Agent upon any enquiry as to whether any Event of Default has occurred, nor shall such person be in any way affected by notice that no such Event of Default has happened and the exercise by the Security Agent of such power shall be conclusive evidence of the Security Agent’s right to exercise the same.
Appears in 3 contracts
Samples: Supplemental Agreement (Quintana Shipping Ltd.), Master Swap Agreement (Quintana Shipping Ltd.), Supplemental Agreement (Quintana Shipping Ltd.)
Exercise of power. The exercise of such power by or on behalf of the Security Agent or any Receiver shall not put any person dealing with the Security Agent or the Receiver upon any enquiry as to whether any Event of Default has occurredhappened, nor shall such person be in any way affected by notice that no such Event of Default has happened happened, and the exercise by the Security Agent or the Receiver of such power shall be conclusive evidence of the Security Agent’s or such Receiver’s right to exercise the same.
Appears in 1 contract
Samples: DryShips Inc.
Exercise of power. The exercise of such power by or on behalf of the Security Agent or any Receiver shall not put any person dealing with the Security Agent or the Receiver upon any enquiry as to whether any Event of Default has occurredhappened, nor shall such person be in any way affected by notice that no such Event of Default has happened happened, and the exercise by the Security Agent A gent or the Receiver of such power shall be conclusive evidence of the Security Agent’s or such Receiver’s right to exercise the same.
Appears in 1 contract
Samples: DryShips Inc.
Exercise of power. The exercise of such power by or on behalf of the Security Agent shall not put any person dealing with the Security Agent upon any enquiry as to whether any Event of Default has occurred, nor shall such person be in any way affected by notice that no such Event of Default has happened and the exercise by the Security Agent of such power shall be conclusive evidence of the Security Agent’s 's right to exercise the same.
Appears in 1 contract
Exercise of power. The exercise of such power by or on behalf of the Security Agent or any Receiver shall not put any person dealing with the Security Agent or the Receiver upon any enquiry as to whether any Event of Default has occurredhappened, nor shall such person be in any way affected by notice that no such Event of Default has happened and happened, arid the exercise by the Security Agent or the Receiver of such power shall be conclusive evidence of the Security Agent’s 's or such Receiver's right to exercise the same.
Appears in 1 contract
Samples: DryShips Inc.