Acceptance of title. The Trustee shall be entitled to accept without enquiry, and shall not be obliged to investigate, the right and title as each of the Obligors may have to any of the Charged Property and shall not be liable for or bound to require any Obligor to remedy any defect in its right or title.
Appears in 4 contracts
Sources: Facilities Agreement (Abb LTD), Secured Facilities Agreement (Citigroup Inc), Amendment Agreement (Citigroup Inc)
Acceptance of title. The Trustee shall be entitled to accept without enquiry, and shall not be obliged to investigate, the right and title as each of the Obligors Borrower may have to any of the Charged Property Cash Collateral and shall not be liable for or bound to require any Obligor the Borrower to remedy any defect in its right or title.
Appears in 4 contracts
Sources: Standby Letter of Credit Facility (HCC Insurance Holdings Inc/De/), Standby Letter of Credit Facility (HCC Insurance Holdings Inc/De/), $90,000,000 Standby Letter of Credit Facility (HCC Insurance Holdings Inc/De/)
Acceptance of title. The Trustee shall be entitled to accept without enquiry, and shall not be obliged to investigate, the right and title as each of the Obligors may have to any of the Charged Secured Property and shall not be liable for or bound to require any Obligor to remedy any defect in its right or title.
Appears in 3 contracts
Sources: Pre Export Finance Agreement (Votorantim Pulp & Paper Inc), Pre Export Finance Agreement (Votorantim Pulp & Paper Inc), Pre Export Finance Agreement (Votorantim Pulp & Paper Inc)
Acceptance of title. The Trustee shall be entitled to accept without enquiry, and shall not be obliged to investigate, the right and title as each of the Obligors Borrower may have to any of the Charged Property and shall not be liable for or bound to require any Obligor the Borrower to remedy any defect in its right or title.
Appears in 1 contract
Sources: Standby Letter of Credit Facility (HCC Insurance Holdings Inc/De/)