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

No liability as mortgagee in possession. Neither the Chargee nor any Receiver shall be liable to account as a mortgagee in possession in respect of all or any part of the Charged Assets or be liable for any loss upon realisation or for any neglect, default or omission in connection with the Charged Assets to which a mortgagee in possession might otherwise be liable.

Appears in 1 contract

Samples: Debenture (Build a Bear Workshop Inc)

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No liability as mortgagee in possession. Neither the Chargee Collateral Trustee nor any Receiver shall or Delegate will be liable liable, by reason of entering upon or into possession of a Charged Asset (or viewing or repairing any Charged Assets or otherwise), to account as a mortgagee in possession in respect of all or any part of the Charged Assets or be liable for any loss upon on realisation or for any neglect, default or omission in connection with the respect of any Charged Assets to for which a mortgagee in possession might otherwise be liable.

Appears in 1 contract

Samples: Notes Debenture (Solo Cup CO)

No liability as mortgagee in possession. Neither the Chargee nor any Receiver shall or Delegate will be liable liable, by reason of entering upon or into possession of a Charged Asset (or viewing or repairing any Charged Assets or otherwise), to account as a mortgagee in possession in respect of all or any part of the Charged Assets or be liable for any loss upon on realisation or for any neglect, default or omission in connection with the respect of any Charged Assets to for which a mortgagee in possession might otherwise be liable.

Appears in 1 contract

Samples: Share Charge (Female Health Co)

No liability as mortgagee in possession. Neither the Chargee nor any Receiver shall be liable to account as a mortgagee in possession in respect of all or any part of the Charged Assets Property or be liable for any loss upon realisation or for any neglect, default or omission in connection with the Charged Assets Property to which a mortgagee in possession might otherwise be liable.

Appears in 1 contract

Samples: Investment Agreement

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No liability as mortgagee in possession. Neither the any Chargee nor any Receiver shall be liable to account as a mortgagee in possession in respect of all or any part of the Charged Assets Property or be liable for any loss upon realisation or for any neglect, default or omission in connection with the Charged Assets Property to which a mortgagee or a mortgagee in possession might otherwise be liable.

Appears in 1 contract

Samples: Intercompany Settlement Agreement (GT Advanced Technologies Inc.)

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