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Common use of No monitoring Clause in Contracts

No monitoring. None of the Finance Parties shall be obliged to investigate or monitor the use or application of the proceeds of the Advances.

Appears in 3 contracts

Sources: Credit Agreement (CNH Industrial N.V.), Credit Agreement (CNH Global N V), Credit Agreement (CNH Global N V)

Related Clauses

  • No Modification
  • No Modifications
  • No MAE
  • No money laundering
  • No Modification; Entire Agreement

Parent Clauses

  • Purpose
  • The Facility
  • Finance Parties’ rights and obligations
  • Use of the Services
  • Relationship of Lenders to Agent

Sub-Clauses

  • Further conditions precedent
  • Initial conditions precedent
  • DRAWDOWN PERIOD
  • CONDITIONS TO EACH ADVANCE
  • Documentary conditions precedent
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