Common use of Agent of the Chargor Clause in Contracts

Agent of the Chargor. Each Receiver is deemed to be the agent of the Chargor for all purposes and accordingly is deemed to be in the same position as a Receiver duly appointed by a mortgagee under the Law of Property Act 1925. The Chargor alone shall be rexxxxxxxxe for his contracts, engagements, acts, omissions, defaults and losses and for liabilities incurred by him and no Finance Party shall incur any liability (either to the Chargor or to any other person) by reason of the Agent making his appointment as a Receiver or for any other reason.

Appears in 1 contract

Samples: Agreement (Entergy London Capital Lp)

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Agent of the Chargor. Each Receiver is deemed to be the agent of the Chargor for all purposes and accordingly is deemed to be in the same position as a Receiver duly appointed by a mortgagee under the Law of Property Act 1925Act. The Chargor alone shall be rexxxxxxxxe responsible for his contracts, engagements, acts, omissions, defaults and losses and for liabilities incurred by him and no Finance Party the Security Agent shall not incur any liability (either to the Chargor or to any other person) by reason of the Security Agent making his appointment as a Receiver or for any other reason.

Appears in 1 contract

Samples: Charge (Sinoenergy CORP)

Agent of the Chargor. Each Receiver is deemed to be the agent of the Chargor for all purposes and accordingly is deemed to be in the same position as a Receiver duly appointed by a mortgagee under the Law of Property Act 1925Act. The Chargor alone shall be rexxxxxxxxe responsible for his contracts, engagements, acts, omissions, defaults and losses and for liabilities incurred by him and no Finance Party the Security Trustee shall not incur any liability (either to the Chargor or to any other person) by reason of the Agent Security Trustee making his appointment as a Receiver or for any other reason.

Appears in 1 contract

Samples: Credit Agreement (British Energy Group PLC)

Agent of the Chargor. Each Receiver is deemed to be the agent of the Chargor for all purposes and accordingly is deemed to be in the same position as a Receiver duly appointed by a mortgagee under the Law of Property Act 1925Act. The Chargor alone shall be rexxxxxxxxe responsible for his contracts, engagements, acts, omissions, defaults and losses and for liabilities incurred by him and no Finance Party the Lender shall not incur any liability (either to the Chargor or to any other person) by reason of the Agent Lender making his appointment as a Receiver or for any other reason.

Appears in 1 contract

Samples: Bridge Facility Agreement (Professional Staff PLC)

Agent of the Chargor. Each Receiver is deemed to be the agent of the Chargor for all purposes and accordingly is deemed to be in the same position as a Receiver duly appointed by a mortgagee under the Law of Property Act 1925Xxx 0000. The Chargor alone shall be rexxxxxxxxe responsible for his contracts, engagements, acts, omissions, defaults and losses and for liabilities incurred by him and no Finance Party shall incur any liability (either to the Chargor or to any other person) by reason of the Agent making his appointment as a Receiver or for any other reason.

Appears in 1 contract

Samples: Agreement (System Energy Resources Inc)

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Agent of the Chargor. Each Receiver is deemed to be the agent of the Chargor for all purposes and accordingly is deemed to be in the same position as a Receiver duly appointed by a mortgagee under the Law of Property Act 1925Act. The Chargor alone shall be rexxxxxxxxe responsible for his contracts, engagements, acts, omissions, defaults and losses and for liabilities incurred by him and no the Finance Party Parties, BET and EPHL shall not incur any liability (either to the Chargor or to any other person) by reason of the Agent Security Trustee making his appointment as a Receiver or for any other reason.

Appears in 1 contract

Samples: British Energy Group PLC

Agent of the Chargor. Each Receiver is deemed to be the agent of the Chargor for all purposes and accordingly is deemed to be in the same position as a Receiver duly appointed by a mortgagee under the Law of Property Act 1925Act. The Chargor alone shall be rexxxxxxxxe responsible for his contracts, engagements, acts, omissions, defaults and losses and for liabilities incurred by him and no Finance Party shall incur any liability (either to the Chargor or to any other person) by reason of the Agent Security Trustee making his appointment as a Receiver or for any other reason.

Appears in 1 contract

Samples: Wilshire Real Estate Investment Trust Inc

Agent of the Chargor. Each Receiver is deemed to be the agent of the Chargor for all purposes and accordingly is deemed to be in the same position as a Receiver duly appointed by a mortgagee under the Law of Property Act 1925. The Chargor alone shall be rexxxxxxxxe for his responsiblx xxx xis contracts, engagements, acts, omissions, defaults and losses and for liabilities incurred by him and no Finance Secured Party shall incur any liability (either to the Chargor or to any other person) by reason of the Agent making his appointment as a Receiver or for any other reason.

Appears in 1 contract

Samples: Restatement Agreement (Entergy Power Uk PLC)

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