Common use of Liability of Secured Party Clause in Contracts

Liability of Secured Party. The Secured Party shall not be responsible or liable for any debts contracted by it, for damages to persons or property or for salaries or non-fulfilment of contracts during any period when the Secured Party shall manage the Collateral upon entry, as provided in this Agreement, nor shall the Secured Party be liable to account as mortgagee in possession or for anything except actual receipts or be liable for any loss on realization or for any default or omission for which a mortgagee in possession may be liable. The Secured Party shall not be bound to do, observe or perform or to see to the observance or performance by the Guarantor of any obligations or covenants imposed upon the Guarantor, nor shall the Secured Party, in the case of Securities, Instruments, or Chattel Paper, be obliged to preserve rights against other persons, nor shall the Secured Party be obliged to keep any of the Collateral identifiable. The Guarantor waives any applicable provision of law permitted to be waived by it which imposes higher or greater obligations upon the Secured Party than as contained in this Section.

Liability of Secured Party. The Secured Party shall not be responsible or liable for any debts contracted by it, for damages to persons or property or for salaries or non-fulfilment of contracts during any period when the Secured Party shall manage the Collateral upon entry, as provided in this Agreement, nor shall the Secured Party be liable to account as mortgagee in possession or for anything except actual receipts or be liable for any loss on realization or for any default or omission for which a mortgagee in possession may be liable. The Secured Party shall not be bound to do, observe observe, or perform or to see to the observance or performance by the Guarantor Debtor of any obligations or covenants imposed upon the GuarantorDebtor, nor shall the Secured Party, in the case of SecuritiesInvestment Property, Instruments, or Chattel Paper, be obliged to preserve rights against other persons, nor shall the Secured Party be obliged to keep any of the Collateral identifiable. The Guarantor Debtor waives any applicable provision of law permitted to be waived by it which imposes higher or greater obligations upon the Secured Party than as contained in this Sectionparagraph.

Liability of Secured Party. The Secured Party shall not be responsible or liable for any debts contracted by it, for damages to persons or property or for salaries or non-fulfilment fulfillment of contracts during any period when the Secured Party shall manage the Collateral upon entry, as provided in this Agreementherein provided, nor shall the Secured Party be liable to account as mortgagee in possession or for anything except actual receipts or be liable for any loss on realization or for any default or omission for which a mortgagee in possession may be liable. The Secured Party shall not be bound to do, observe or perform or to see to the observance or performance by the Guarantor Debtor of any obligations or covenants imposed upon the Guarantor, Debtor nor shall the Secured Party, in the case of Securitiessecurities, Instruments, instruments or Chattel Paperchattel paper, be obliged to preserve rights against other persons, nor shall the Secured Party be obliged to keep any of the Collateral identifiable. The Guarantor Debtor hereby waives any applicable provision of law permitted to be waived by it which imposes higher or greater obligations upon the Secured Party than as contained in this Sectionaforesaid.

Liability of Secured Party. The Secured Party shall not be responsible or liable for any debts contracted by it, for damages to persons or property or for salaries or non-fulfilment fulfillment of contracts during any period when the Secured Party shall manage the Collateral upon entry, as provided in this Agreementherein provided, nor shall the Secured Party be liable to account as mortgagee in possession or for anything except actual receipts or be liable for any loss on realization or for any default or omission for which a mortgagee in possession may be liable. The Secured Party shall not be bound to do, observe observe, or perform or to see to the observance or performance by the Guarantor Debtor of any obligations or covenants imposed upon the Guarantor, Debtor nor shall the Secured Party, in the case of Securities, Instruments, or Chattel Paper, be obliged to preserve rights against other persons, nor shall the Secured Party be obliged to keep any of the Collateral identifiable. The Guarantor Debtor hereby waives any applicable provision of law permitted to be waived by it which imposes higher or greater obligations upon the Secured Party than as contained in this Sectionaforesaid.

Liability of Secured Party. 14.1 The Secured Party shall will not be responsible or liable for any debts contracted by it, for damages to persons or property or for salaries or non-fulfilment of contracts during any period when the Secured Party shall manage the Collateral upon entry, as provided in this Agreementherein provided, nor shall will the Secured Party be liable to account as mortgagee in possession or for anything except actual receipts or be liable for any loss on realization or for any default or omission for which a mortgagee in possession may be liable. The Secured Party shall will not be bound to do, observe or perform or to see to the observance or performance by the Guarantor Debtor of any obligations or covenants imposed upon the Guarantor, Debtor nor shall will the Secured Party, in the case of Securitiessecurities, Instruments, instruments or Chattel Paperchattel paper, be obliged to preserve rights against other persons, nor shall will the Secured Party be obliged to keep any of the Collateral identifiable. The Guarantor Debtor hereby waives any applicable provision of law permitted to be waived by it which imposes higher or greater obligations upon the Secured Party than as contained in this Sectionaforesaid.

Liability of Secured Party. The Secured Party shall not be responsible or liable for any debts contracted by it, for damages to persons or property or for salaries or non-fulfilment fulfillment of contracts during any period when the Secured Party shall manage the Collateral upon entry, as provided in this Agreement, nor shall the Secured Party be liable to account as mortgagee in possession or for anything except actual receipts or be liable for any loss on realization or for any default or omission for which a mortgagee in possession may be liable, other than as, a result of the Secured Party's misconduct or gross negligence. The Secured Party shall not be bound to do, observe observe, or perform or to see to the observance or performance by the Guarantor Debtor of any obligations or covenants imposed upon the GuarantorDebtor, nor shall the Secured Party, in the case of Securities, Instruments, or Chattel Paper, be obliged to preserve rights against other persons, nor shall the Secured Party be obliged to keep any of the Collateral identifiable. The Guarantor waives any applicable provision of law permitted to be waived by it which imposes higher or greater obligations upon the Secured Party than as contained in this Section.

Liability of Secured Party. The Secured Party shall not be responsible or liable for any debts contracted by it, for damages to persons or property or for salaries or non-fulfilment nonfulfillment of contracts during any period when the Secured Party shall manage the Collateral upon entry, as provided in this Agreementherein provided, nor shall the Secured Party party be liable to account as mortgagee in possession or for anything except actual receipts or be liable for any loss on realization or for any default or omission for which a mortgagee in possession may be liable. The Secured Party shall not be bound to do, observe observer or perform or to see to the observance or performance by the Guarantor Debtor of any obligations or covenants imposed upon the Guarantor, Debtor nor shall the Secured Party, in the case of Securitiessecurities, Instruments, instruments or Chattel Paperchattel paper, be obliged to preserve rights against other persons, nor shall the Secured Party party be obliged to keep any of the Collateral identifiable. The Guarantor Debtor hereby waives any applicable provision provisions of law permitted to be waived by it which imposes higher or greater obligations upon the Secured Party than as contained in this Sectionaforesaid.

Liability of Secured Party. 14.1 The Secured Party shall will not be responsible or liable for any debts contracted by it, for damages to persons or property or for salaries or non-fulfilment fulfillment of contracts during any period when the Secured Party shall manage the Collateral upon entry, as provided in this Agreementherein provided, nor shall will the Secured Party be liable to account as mortgagee in possession or for anything except actual receipts or be liable for any loss on realization or for any default or omission for which a mortgagee in possession may be liable. The Secured Party shall will not be bound to do, observe or perform or to see to the observance or performance by the Guarantor Debtor of any obligations or covenants imposed upon the Guarantor, Debtor nor shall will the Secured Party, in the case of Securitiessecurities, Instruments, instruments or Chattel Paperchattel paper, be obliged to preserve rights against other persons, nor shall will the Secured Party be obliged to keep any of the Collateral identifiable. The Guarantor Debtor hereby waives any applicable provision of law permitted to be waived by it which imposes higher or greater obligations upon the Secured Party than as contained in this Sectionaforesaid.

Liability of Secured Party. The Secured Party shall not be responsible or liable for any debts contracted by it, for damages to persons or property or for salaries or non-fulfilment of contracts during any period when the Secured Party shall manage the Collateral upon entry, as provided in this Agreement, nor shall the Secured Party be liable to account as mortgagee in possession or for anything except actual receipts or be liable for any loss on realization or for any default or omission for which a mortgagee in possession may be liable, other than as, a result of the Secured Party's misconduct or gross negligence. The Secured Party shall not be bound to do, observe observe, or perform or to see to the observance or performance by the Guarantor Debtor of any obligations or covenants imposed upon the GuarantorDebtor, nor shall the Secured Party, in the case of Securities, Instruments, or Chattel Paper, be obliged to preserve rights against other persons, nor shall the Secured Party be obliged to keep any of the Collateral identifiable. The Guarantor waives any applicable provision of law permitted to be waived by it which imposes higher or greater obligations upon the Secured Party than as contained in this Section.

Liability of Secured Party. The Secured Party shall not be responsible or liable for any debts contracted by it, for damages to persons or property or for salaries or non-fulfilment of contracts during any period when the Secured Party shall manage the Collateral upon entry, as provided in this Agreement, nor shall the Secured Party be liable to account as mortgagee in possession or for anything except actual receipts or be liable for any loss on realization or for any default or omission for which a mortgagee in possession may be liable. The Secured Party shall not be bound to do, observe or perform or to see to the observance or performance by the Guarantor of any obligations or covenants imposed upon the Guarantor, nor shall the Secured Party, in the case of Securities, Instruments, or Chattel Paper, be obliged to preserve rights against other persons, nor shall the Secured Party be obliged to keep any of the Collateral identifiable. The Guarantor waives any applicable provision of law permitted to be waived by it which imposes higher or greater obligations upon the Secured Party than as contained in this Sectionparagraph.

Liability of Secured Party. 14.1 The Secured Party shall will not be responsible or liable for any debts contracted by it, for damages to persons or property or for salaries or non-fulfilment of contracts during any period when the Secured Party shall manage the Collateral upon entry, as provided in this Agreementherein provided, nor shall will the Secured Party be liable to account as mortgagee in possession or for anything except actual receipts or be liable for any loss on realization or for any default or omission for which a mortgagee in possession may be liable. The Secured Party shall will not be bound to do, observe or perform or to see to the observance or performance by the Guarantor Debtor of any obligations or covenants imposed upon the Guarantor, Debtor nor shall will the Secured Party, in the case of Securitiessecurities, Instruments, instruments or Chattel Paperchattel paper, be obliged to preserve rights against other persons, nor shall will the Secured Party be obliged to keep any of the Collateral identifiable. The Guarantor Debtor hereby waives any applicable provision of law permitted to be waived by it which imposes higher or greater obligations upon the Secured Party than as contained in this Sectionaforesaid.

Liability of Secured Party. (a) The Secured Party shall not be responsible or liable for any debts contracted by it, for damages to persons or property or for salaries or non-fulfilment of contracts during any period when the Secured Party shall manage the Collateral upon entry, as provided in this Agreement, herein provided, (b) nor shall the Secured Party be liable to account as mortgagee in possession or for anything except actual receipts or be liable for any loss on or realization or for any default or omission for which a mortgagee in possession may be liable. . (c) The Secured Party shall not be bound to do, observe or perform or to see to the observance or performance by the Guarantor Debtor of any obligations or covenants imposed upon the Guarantor, Debtor, (d) nor shall the Secured Party, in the case of Securitiessecurities, Instruments, instruments or Chattel Paperchattel paper, be obliged to preserve rights against other persons, , (e) nor shall the Secured Party be obliged to keep any of the Collateral identifiable. . (f) The Guarantor Debtor hereby waives any applicable provision of law permitted to be waived by it which imposes higher or greater obligations upon the Secured Party than as contained in this Sectionaforesaid.

Liability of Secured Party. 14.1 The Secured Party shall not be responsible or liable for any debts contracted by it, for damages to persons or property or for salaries or non-fulfilment fulfillment of contracts during any period when the Secured Party shall manage the Collateral upon entry, as provided in this Agreementherein provided, nor shall the Secured Party be liable to account as a mortgagee in possession or for anything except actual receipts or be liable for any loss on realization or for any default or omission for which a mortgagee in possession may be liable. The Secured Party shall not be bound to do, observe or perform or to see to the observance or performance by the Guarantor Debtor of any obligations or covenants imposed upon the Guarantor, Debtor nor shall the Secured Party, in the case of Securitiessecurities, Instruments, instruments or Chattel Paperchattel paper, be obliged to preserve rights against other persons, nor shall the Secured Party be obliged to keep any of the Collateral identifiable. The Guarantor Debtor hereby waives any applicable provision of law permitted to be waived by it which imposes higher or greater obligations upon the Secured Party than as contained in this Sectionaforesaid.

Liability of Secured Party. The Secured Party shall not be responsible or liable for any debts contracted by it, for damages to persons or property or for salaries or non-fulfilment fulfillment of contracts during any period when the Secured Party shall manage the Collateral upon entry, as provided in this Agreement, nor shall the Secured Party be liable to account as mortgagee in possession or for anything except actual receipts or be liable for any loss on realization or for any default or omission for which a mortgagee in possession may be liable. The Secured Party shall not be bound to do, observe observe, or perform or to see to the observance or performance by the Guarantor Debtor of any obligations or covenants imposed upon the GuarantorDebtor, nor shall the Secured Party, in the case of SecuritiesInvestment Property, Instruments, or Chattel Paper, be obliged to preserve rights against other persons, nor shall the Secured Party be obliged to keep any of the Collateral identifiable. The Guarantor Debtor waives any applicable provision of law permitted to be waived by it which that imposes higher or greater obligations upon the Secured Party than as contained in this Sectionparagraph.

Liability of Secured Party. 14.1 The Secured Party shall will not be responsible or liable for any debts contracted by it, for damages to persons or property or for salaries or non-fulfilment of contracts during any period when the Secured Party shall will manage the Collateral upon entry, as provided in this Agreementherein provided, nor shall will the Secured Party be liable to account as mortgagee in possession or for anything except actual receipts or be liable for any loss on realization or for any default or omission for which a mortgagee in possession may be liable. The Secured Party shall will not be bound to do, observe or perform or to see to the observance or performance by the Guarantor Debtor of any obligations of the Obligations or covenants imposed upon the Guarantor, Debtor nor shall will the Secured Party, in the case of Securitiessecurities, Instruments, instruments or Chattel Paperchattel paper, be obliged to preserve rights against other persons, nor shall will the Secured Party be obliged to keep any of the Collateral identifiable. The Guarantor Debtor hereby waives any applicable provision of law permitted to be waived by it which imposes higher or greater obligations upon the Secured Party than as contained in this Sectionaforesaid.

Liability of Secured Party. The Secured Party shall not be responsible or liable for any debts contracted by it, for damages to persons or property or for salaries or non-fulfilment fulfillment of contracts during any period when the Secured Party shall manage the Collateral upon entry, as provided in this Agreementherein provided, nor shall the Secured Party be liable to account as a mortgagee in possession or for anything except actual receipts or be liable for any loss on realization or for any default or omission for which a mortgagee in possession may be liable; provided, however, the foregoing provisions shall not be interpreted or construed to relieve the Secured Party for liability arising out of the Secured Party's gross negligence or willful misconduct. The Secured Party shall not be bound to do, observe or perform or to see to the observance or performance by the Guarantor Debtor of any obligations or covenants imposed upon the Guarantor, Debtor nor shall the Secured Party, in the case of Securitiessecurities, Instrumentsinstruments, or Chattel Paperchattel paper, be obliged to preserve rights against other persons, nor shall the Secured Party be obliged to keep any of the Collateral identifiable. The Guarantor Debtor hereby waives any applicable provision of law permitted to be waived by it which imposes higher or greater obligations upon the Secured Party than as contained in this Sectionaforesaid.