Liability of Mortgagee. The Mortgagee shall not be liable as mortgagee in possession in respect of all or any of the Owner's Assigned Property and/or the Charterer's Assigned Property to account or be liable for any loss upon realisation or for any neglect or default of any nature whatsoever in connection therewith for which a mortgagee in possession may be liable as such.
Liability of Mortgagee. Mortgagee is hereby absolved from all liability for failure to enforce collection of any of such proceeds, and from all other responsibility in connection therewith except the responsibility to account to Mortgagor for proceeds actually received by Mortgagee.
Liability of Mortgagee. No mortgagee, or its nominee, shall become liable under the provisions of this Lease unless and until such time as it becomes, and then only for so long as it remains, the owner of the Landlord’s interest in this Lease, and such liability shall be limited solely to such mortgagee’s or nominee’s interest in the Property.
Liability of Mortgagee. If the Mortgagee is registered as the holder of the Shares, the Mortgagee shall not unless it sees fit be obliged to enforce payment of any dividends or other payments in respect of those shares, to vote at any meeting of shareholders of the Company or any class thereof, or to take any other steps which the holder of the Shares may be entitled to tale, and the Mortgagee shall not be under any liability whatsoever to the Mortgagor by reason of the Mortgagee having failed to do, or having done, any of those things.
Liability of Mortgagee. 9 10. Expenses......................................................9 11. Responsibility of the Mortgagee..............................10 12. Notices......................................................10 13. General......................................................11 Execution copy MORTGAGE AGREEMENT BETWEEN:
Liability of Mortgagee. (a) The Mortgagee shall not be liable for any acts or omissions with respect to the Property mortgaged hereunder or the enforcement or the losses arising in connection with the exercise of any of its rights, powers and discretions hereunder, save for liabilities and expenses arising from the gross negligence (faute grave/grove xxxx) or wilful misconduct of the Mortgagee.
(b) The Mortgagee shall not be under any obligation to the Mortgagor to take any steps necessary to preserve any rights in the Property against any other parties but may do so at its option, and all reasonable expenses incurred in connection therewith shall be for the account of the Mortgagor and shall be part of the Secured Obligations.
(c) If any such expenses are borne by the Mortgagee, the Mortgagor shall on first demand reimburse the Mortgagee therefor, and its reimbursement obligation shall be part of the Secured Obligations.
Liability of Mortgagee. The Mortgagee shall not be answerable or accountable under any circumstances, except for its own willful misconduct or gross negligence.
Liability of Mortgagee. 18 Section 5.13 Absence of Certain Duties............................... 18 Section 5.14 Counterparts............................................ 19 Section 5.15 Entire Agreement........................................ 19 Section 5.16
Liability of Mortgagee. In the event that Mortgagee (or its wholly-owned subsidiary) shall acquire the interest of FRFC under the Lease and title to the Apartment Parcel, any liability shall be limited to such party's interest in the Lease and Apartment Parcel and shall be non-recourse to Mortgagee (or its wholly-owned subsidiary). The limitation set forth in this Section 9 shall be personal to Mortgagee (or such wholly-owned subsidiary).
Liability of Mortgagee. Attornment.................................................................. 24 17.03
