Common use of No Liability for Losses Clause in Contracts

No Liability for Losses. The Mortgagor shall not have any claim against the Receiver or the Security Trustee in respect of any loss arising out of the exercise by the Security Trustee or the Receiver of their respective powers hereunder including without limitation out of any such sale or any postponement thereof howsoever caused and whether or not a better price could or might have been obtained upon the sale of the Collateral or any part thereof by deferring or advancing the date of such sale or otherwise howsoever.

No Liability for Losses. The Mortgagor None of the Mortgagors shall not have any claim against the Receiver or the Security Trustee in respect of any loss arising out of the exercise by the Security Trustee or the Receiver of their respective powers hereunder including without limitation out of any such sale or any postponement thereof howsoever caused and whether or not a better price could or might have been obtained upon the sale of the Collateral or any part thereof by deferring or advancing the date of such sale or otherwise howsoeverhowsoever unless caused by the negligence or wilful default of the Security Trustee or the Receiver.