Delegate in Possession. The Delegate shall not by reason of its taking any action permitted by this Assignment or its taking possession of all or any of the Assigned Rights be liable to account as mortgagee in possession or, other than as expressly stated in each Security Trust Deed, be liable for any loss on realisation or for any default or omission for which a mortgagee in possession might be liable.
Appears in 4 contracts
Samples: Credit Agreement (NCL CORP Ltd.), Credit Agreement (NCL CORP Ltd.), Credit Agreement (NCL CORP Ltd.)