Common use of No Liability for Losses Clause in Contracts

No Liability for Losses. None of the Chargors shall have any claim against the Security Trustee or the Receiver or any Finance Party in respect of any loss arising 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 of them by deferring or advancing the date of such sale or otherwise howsoever except in the case of the Security Trustee's or the Receiver's negligence or wilful default.

No Liability for Losses. None of the Chargors The Chargor shall not have any claim against the Security Trustee or the Receiver or any Finance Party in respect of any loss arising 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 of them by deferring or advancing the date of such sale or otherwise howsoever except in the case of the Security Trustee's or the Receiver's negligence or wilful default.