Common use of No Duty to Mitigate Damages Clause in Contracts

No Duty to Mitigate Damages. Unless otherwise required by law, neither the Authority, the Trustee nor any Bondholder shall be obligated to do any act whatsoever or exercise any diligence whatsoever to mitigate the damages to the Borrower if an Event of Default shall occur.

Appears in 12 contracts

Samples: Loan Agreement (Connecticut Water Service Inc / Ct), Loan Agreement (Connecticut Light & Power Co), Loan Agreement (Connecticut Water Service Inc / Ct)

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No Duty to Mitigate Damages. Unless otherwise --------------------------- required by law, neither the Authority, the Trustee nor any Bondholder shall be obligated to do any act whatsoever or exercise any diligence whatsoever to mitigate the damages to the Borrower if an Event of Default shall occur.

Appears in 2 contracts

Samples: Loan Agreement (Aquarion Co), Loan Agreement (Aquarion Co)

No Duty to Mitigate Damages. Unless otherwise required by law, neither the Authority, the Trustee nor any Bondholder shall be obligated to do any act whatsoever or exercise any diligence whatsoever to mitigate the damages to the Borrower if an Event of Default shall occur. Section 7.5.

Appears in 1 contract

Samples: Connecticut Development Authority (CTG Resources Inc)

No Duty to Mitigate Damages. Unless otherwise required by law, neither the Authority, the Trustee nor any Bondholder shall be obligated to do any act whatsoever or exercise any diligence whatsoever to mitigate the damages to the Borrower if an Event of Default shall occuroccur .

Appears in 1 contract

Samples: Loan Agreement (Connecticut Light & Power Co)

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No Duty to Mitigate Damages. Unless otherwise required by law, neither the Authority, the Trustee nor any Bondholder shall be obligated to do any act whatsoever or exercise any diligence whatsoever to mitigate the damages to the Borrower if an Event of Default shall occur.. Section 7.5

Appears in 1 contract

Samples: Loan Agreement (National Grid Usa)

No Duty to Mitigate Damages. Unless otherwise required by law, neither the Authority, the Trustee nor any Bondholder shall be obligated to do any act whatsoever or exercise any diligence whatsoever to mitigate the damages to the Borrower if an Event of Default shall occur.. Exhibit 4.25

Appears in 1 contract

Samples: Loan Agreement (Connecticut Water Service Inc / Ct)

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