Common use of No Obligation to Enquire Clause in Contracts

No Obligation to Enquire. No purchaser from, or other person dealing with, the Security Agent or any Receiver (or their agents) shall be obliged or concerned to enquire: (a) whether the right of the Security Agent or any Receiver to exercise any of the powers conferred by this Debenture has arisen or become exercisable or as to the propriety or validity of the proper exercise of any such power; (b) whether any consents, regulations, restrictions or directions relating to such powers have been obtained or complied with; (c) whether the Security Agent, any Receiver or its agents is acting within such powers; (d) as to the propriety or validity of acts purporting or intended to be in exercise of any such powers; (e) whether any of the Secured Obligations remain outstanding and/or are due and payable or be concerned with notice to the contrary and the title and position of such a purchaser or other person shall not be impeachable by reference to any of those matters; or (f) as to the application of any money paid to the Security Agent, any Receiver or its agents, and any such person who is not a party to this Debenture may rely on this Clause 17.1 and enforce its terms under the Contracts (Rights of Third Parties) Act 1999.

No Obligation to Enquire. No purchaser from, or other person dealing with, the Security Agent or any Receiver (or their agents) shall be obliged or concerned to enquire: (a) whether the right of the Security Agent or any Receiver to exercise any of the powers conferred by this Debenture Security Agreement has arisen or become exercisable or as to the propriety or validity of the proper exercise of any such power; (b) whether any consents, regulations, restrictions or directions relating to such powers have been obtained or complied with; (c) whether the Security Agent, any Receiver or its agents is acting within such powers; (d) as to the propriety or validity of acts purporting or intended to be in exercise of any such powers; (e) whether any of the Secured Obligations remain outstanding and/or are due and payable or be concerned with notice to the contrary and the title and position of such a purchaser or other person shall not be impeachable by reference to any of those matters; or (f) as to the application of any money paid to the Security Agent, any Receiver or its agents, and any such person who is not a party to this Debenture Security Agreement may rely on this Clause 17.1 16.1 and enforce its terms under the Contracts (Rights of Third Parties) Act 1999▇▇▇ ▇▇▇▇.

No Obligation to Enquire. No purchaser from, or other person dealing with, the Security Agent or any Receiver (or their agents) shall be obliged or concerned to enquire: (a) whether the right of the Security Agent or any Receiver to exercise any of the powers conferred by this Debenture Security Agreement has arisen or become exercisable or as to the propriety or validity of the proper exercise of any such power; (b) whether any consents, regulations, restrictions or directions relating to such powers have been obtained or complied with; (c) whether the Security Agent, any Receiver or its agents is acting within such powers; (d) as to the propriety or validity of acts purporting or intended to be in exercise of any such powers; (e) whether any of the Secured Obligations remain outstanding and/or are due and payable or be concerned with notice to the contrary and the title and position of such a purchaser or other person shall not be impeachable by reference to any of those matters; or (f) as to the application of any money paid to the Security Agent, any Receiver or its agents, and any such person who is not a party to this Debenture Security Agreement may rely on this Clause 17.1 16.1 and enforce its terms under the Contracts (Rights of Third Parties) Act 1999.