Common use of No obligation to monitor Clause in Contracts

No obligation to monitor. The Lender is not bound to monitor or verify the utilisation of the Facility.

Appears in 5 contracts

Sources: Facility Agreement, Facility Agreement (Baidu, Inc.), Term Loan Agreement (Kadant Inc)

No obligation to monitor. The Lender is not bound to monitor or verify the utilisation of the a Facility.

Appears in 1 contract

Sources: Facilities Agreement (Mitcham Industries Inc)

No obligation to monitor. The Lender is not bound to monitor or verify the utilisation of the any Facility.

Appears in 1 contract

Sources: Facilities Agreement (Mechel OAO)