Common use of No Supervision Clause in Contracts

No Supervision. The Security Trustee shall be under no obligation to monitor or supervise the functions of any other person under or pursuant to any of the other Transaction Documents.

Appears in 1 contract

Sources: Deed of Charge (Permanent Funding (No. 2) LTD)

No Supervision. The Security Trustee shall be under no obligation to monitor or supervise the functions of the Account Bank under the Bank Account Agreement or of any other person under or pursuant to any of the other Transaction Documents.

Appears in 1 contract

Sources: Fund (Holmes Financing No 6 PLC)