Common use of Liability of Mortgagee Clause in Contracts

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.

Appears in 15 contracts

Samples: Credit Agreement (Berry Petroleum Corp), Credit Agreement (Berry Petroleum Corp), Credit Agreement (Jagged Peak Energy Inc.)

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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 connec tion therewith except the responsibility to account to Mortgagor for proceeds actually received by Mortgagee.

Appears in 1 contract

Samples: Act of Mortgage, Security Agreement, Assignment of Production and Financing Statement (Forman Petroleum Corp)

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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 therewith, except the responsibility to account to Mortgagor Xxxxxxxxx for proceeds actually received by Mortgagee.

Appears in 1 contract

Samples: Second Lien Security Agreement

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