Common use of No liability as mortgagee in possession Clause in Contracts

No liability as mortgagee in possession. Neither the Administrative Agent nor its nominee nor any Receiver shall by reason of entering into possession of the Security Assets or any of them be liable to account as mortgagee in possession or be liable for any loss on realisation or for any default or omission for which a mortgagee in possession might be liable. Every Receiver duly appointed by the Administrative Agent under the powers set forth herein shall be deemed to be the agent of the Chargor for all purposes and shall as such agent for all purposes be deemed to be in the same position as a Receiver duly appointed by a mortgagee under the Law of Property Xxx 0000. The Chargor alone shall be responsible for its contracts, engagements, acts, omissions, defaults and losses and for liabilities incurred by it and neither the Administrative Agent nor any Receiver shall incur any liability therefor (either to the Chargor or to any other person whatsoever) or for any other reason whatsoever other than for their gross negligence or wilful default.

No liability as mortgagee in possession. Neither the Administrative Agent Security Trustee nor its nominee nor any Receiver shall by reason of entering into possession of the Security Charged Assets or any of them be liable to account as mortgagee in possession or be liable for any loss on realisation or for any default or omission for which a mortgagee in possession might otherwise be liable. Every Receiver duly appointed by the Administrative Agent Security Trustee under the powers set forth herein shall be deemed to be the agent of the Chargor for all purposes and shall as such agent for all purposes be deemed to be in the same position as a Receiver duly appointed by a mortgagee under the Law of Property Xxx 0000. The Chargor alone shall be responsible for its each Receiver’s contracts, engagements, acts, omissions, defaults and losses and for all liabilities incurred by it him and neither the Administrative Agent Security Trustee nor any the Receiver shall incur any liability therefor (either to the Chargor or to any other person whatsoever) or for any other reason whatsoever other than for their gross negligence or wilful default.

No liability as mortgagee in possession. Neither the Administrative Agent Chargee nor its nominee nor any Receiver shall by reason of entering into possession of the Security Assets or any of them be liable to account as mortgagee in possession or be liable for any loss on realisation or for any default or omission for which a mortgagee in possession might be liableliable other than for their own gross negligence or wilful misconduct. Every Receiver duly appointed by the Administrative Agent Chargee under the powers set forth herein shall be deemed to be the agent of the Chargor for all purposes and shall as such agent for all purposes be deemed to be in the same position as a Receiver duly appointed by a mortgagee under the Law of Property Xxx 0000. The Chargor alone shall be responsible for its contracts, engagements, acts, omissions, defaults and losses and for all liabilities incurred by it and neither the Administrative Agent Chargee nor any the Receiver shall incur any liability therefor (either to the Chargor or to any other person whatsoever) or for any other reason whatsoever other than for their gross negligence or wilful defaultmisconduct.

No liability as mortgagee in possession. Neither the The Administrative Agent shall not nor its nominee nor shall any Receiver shall appointed as aforesaid by reason of it or the Receiver entering into possession of the Security Assets or any of them part thereof be liable to account as mortgagee in possession or be liable for any loss on realisation or for any default or omission for which a mortgagee in possession might be liable. Every Receiver duly appointed by the Administrative Agent under the powers set forth in that behalf herein contained shall be deemed to be the agent of the Chargor for all purposes and shall as such agent for all purposes be deemed to be in the same position as a Receiver duly appointed by a mortgagee under the Law of Property Xxx Act 0000. The Xxe Chargor alone shall be responsible for its his contracts, engagements, acts, omissions, defaults and losses and for liabilities incurred by it him and neither the Administrative Agent nor any Receiver Secured Party shall incur any liability therefor (either to the Chargor or to any other person whatsoever) by reason of the Administrative Agent's making his appointment as such Receiver or for any other reason whatsoever other than for their gross negligence or wilful default.whatsoever. Every such Receiver and the Administrative Agent shall be entitled to all the rights, powers, privileges and immunities