Common use of No Obligation to Enquire Clause in Contracts

No Obligation to Enquire. No purchaser from, or other person dealing with, the Mortgagee or any Receiver (or their agents) will be obliged or concerned to enquire whether: (a) the right of the Mortgagee or any Receiver to exercise any of the powers conferred by this document has arisen or become exercisable or as to the propriety or validity of the exercise or purported exercise of any such power; or (b) any of the Money Owing remains outstanding or be concerned with notice to the contrary and the title and position of such a purchaser or other person will not be impeachable by reference to any of those matters.

Appears in 1 contract

Sources: Share Sale Agreement (Broad Capital Acquisition Pty LTD)

No Obligation to Enquire. No purchaser from, or other person dealing with, the Mortgagee Chargee or any Receiver (or their agents) will shall be obliged or concerned to enquire whether: (a) the right of the Mortgagee Chargee or any Receiver to exercise any of the powers conferred by this document Debenture has arisen or become exercisable or as to the propriety or validity of the exercise or purported exercise of any such power; or (b) any of the Money Owing remains Secured Obligations remain outstanding or be concerned with notice to the contrary and the title and position of such a purchaser or other person will shall not be impeachable by reference to any of those matters.

Appears in 1 contract

Sources: Debenture (Consolidated Water Co LTD)