Common use of Purchaser Protected Clause in Contracts

Purchaser Protected. No purchaser or grantee of any property or rights purporting to be released from the Liens in favor of the Collateral Agent shall be bound to ascertain the authority of the Collateral Agent or Trustee to execute the release or to inquire as to the existence of any conditions herein prescribed for the exercise of such authority so long as the conditions set forth in Section 12.06 have been satisfied.

Appears in 2 contracts

Sources: Indenture (FTAI Infrastructure Inc.), Indenture (Terawulf Inc.)

Purchaser Protected. No purchaser or grantee of any property or rights purporting to be released from the Liens in favor of the Collateral Agent shall be bound to ascertain the authority of the Collateral Agent or Trustee to execute the release or to inquire as to the existence of any conditions herein prescribed for the exercise of such authority so long as the conditions set forth in Section 12.06 11.04 have been satisfied.

Appears in 2 contracts

Sources: Indenture (Sears Holdings Corp), Indenture (Sears Holdings Corp)

Purchaser Protected. No purchaser or grantee of any property or rights purporting to be released from the Liens in favor of the Collateral Agent shall be bound to ascertain the authority of the Collateral Agent or Trustee to execute the release or to inquire as to the existence of any conditions herein prescribed for the exercise of such authority so long as the conditions set forth in Section 12.06 13.4 have been satisfied.

Appears in 2 contracts

Sources: Indenture (Toys R Us Property Co II, LLC), Indenture (Toys R Us Inc)

Purchaser Protected. No purchaser or grantee of any property or rights purporting purported to be released from the Liens in favor of the Collateral Agent Trustee shall be bound to ascertain the authority of the Collateral Agent or Trustee Trustee, the Trust to execute the release or to inquire as to the existence of any conditions herein prescribed for the exercise of such authority so long as the conditions set forth in Section 12.06 9.6 have been satisfied.

Appears in 1 contract

Sources: Facility Agreement (Vistra Corp.)

Purchaser Protected. No purchaser or grantee of any property or rights purporting to be released from the Liens in favor of the Collateral Agent shall be bound to ascertain the authority of the Collateral Agent or Trustee to execute the release or to inquire as to the existence of any conditions herein prescribed for the exercise of such authority so long as the conditions set forth in Section 12.06 12.04 have been satisfied.

Appears in 1 contract

Sources: Indenture (Concerto Software (Japan) Corp)

Purchaser Protected. No purchaser or grantee of any property or rights purporting to be released from the Liens in favor of the Collateral Agent shall be bound to ascertain the authority of the Collateral Agent or Trustee to execute the release or to inquire as to the existence of any conditions herein prescribed for the exercise of such authority so long as the conditions set forth in Section 12.06 12.4 have been satisfied.

Appears in 1 contract

Sources: Indenture (MxEnergy Holdings Inc)

Purchaser Protected. No purchaser or grantee of any property or rights purporting to be released from the Liens in favor of the Collateral Agent Trustee shall be bound to ascertain the authority of the Collateral Agent Trustee or Trustee to execute the release or to inquire as to the existence of any conditions herein prescribed for the exercise of such authority so long as the conditions set forth in Section 12.06 12.06(a) or (b) have been satisfied.

Appears in 1 contract

Sources: Indenture (Sanchez Energy Corp)

Purchaser Protected. No purchaser or grantee of any property or rights purporting to be released from the Liens in favor of the First Lien Collateral Agent shall be bound to ascertain the authority of the First Lien Collateral Agent or Trustee to execute the release or to inquire as to the existence of any conditions herein prescribed for the exercise of such authority so long as the conditions set forth in Section 12.06 11.03 have been satisfied.

Appears in 1 contract

Sources: Indenture (Vantage Drilling International)

Purchaser Protected. No purchaser or grantee of any property or rights purporting to be released from the Liens in favor of the Collateral Agent shall be bound to ascertain the authority of the Collateral Agent or Trustee to execute the release or to inquire as to the existence of any conditions herein prescribed for the exercise of such authority so long as the conditions set forth in Section 12.06 ‎Section 11.03 have been satisfied.

Appears in 1 contract

Sources: Indenture (Comstock Oil & Gas GP, LLC)

Purchaser Protected. No purchaser or grantee of any property or rights purporting to be released from the Liens in favor of the Collateral Agent shall be bound to ascertain the authority of the Collateral Agent or Trustee to execute the release or to inquire as to the existence of any conditions herein prescribed for the exercise of such authority so long as the conditions set forth in Section 12.06 12.02 have been satisfied.. ​ ​

Appears in 1 contract

Sources: Indenture (Transocean Ltd.)

Purchaser Protected. No purchaser or grantee of any property or rights purporting to be released from the Liens in favor of the Collateral Agent shall be bound to ascertain the authority of the Collateral Agent or Trustee to execute the release or to inquire as to the existence of any conditions herein prescribed for the exercise of such authority so long as the conditions set forth in Section 12.06 10.4 have been satisfied.

Appears in 1 contract

Sources: Indenture (Carrols Restaurant Group, Inc.)

Purchaser Protected. No purchaser or grantee of any property or rights Collateral purporting to be released from herefrom in accordance with the Liens in favor of the Collateral Agent shall terms hereof will be bound to ascertain the authority of the Collateral Agent or Trustee to execute the release or to inquire as to the existence of any conditions herein prescribed for the exercise of such authority so long as the conditions set forth in Section 12.06 have been satisfiedauthority.

Appears in 1 contract

Sources: First Supplemental Indenture

Purchaser Protected. No purchaser or grantee of any property or rights purporting to be released from the Liens in favor of the Collateral Agent shall be bound to ascertain the authority of the Collateral Agent or Trustee to execute any written evidence of the release or to inquire as to the existence of any conditions herein prescribed for the exercise of such authority so long as the conditions set forth in Section 12.06 have been satisfiedauthority.

Appears in 1 contract

Sources: Indenture (Martin Midstream Partners L.P.)