No Obligation of Beneficiary. The assignment and security interest herein granted to Beneficiary shall not be deemed or construed to constitute Beneficiary as a mortgagee-in-possession of the Trust Property, obligate Beneficiary to lease the Trust Property or attempt to do the same, or to take any action, incur any expense or perform or discharge any obligation, duty or liability whatsoever.
Appears in 9 contracts
Samples: Security Agreement and Fixture Filing (Gsi Group Inc), Security Agreement and Fixture (Gsi Group Inc), Lakes Entertainment Inc
No Obligation of Beneficiary. The assignment and security ---------------------------- interest herein granted to Beneficiary shall not be deemed or construed to constitute Beneficiary as a mortgagee-in-mortgagee in possession of the Trust Mortgaged Property, to obligate Beneficiary to lease the Trust Mortgaged Property or attempt to do the same, or to take any action, incur any expense or perform or discharge any obligation, duty or liability whatsoever.
Appears in 1 contract
Samples: HWCC Shreveport Inc
No Obligation of Beneficiary. The assignment and security interest herein granted to Beneficiary shall not be deemed or construed to constitute Beneficiary as a mortgagee-in-trustee in possession of the Trust Mortgaged Property, to obligate Beneficiary to lease the Trust Mortgaged Property or attempt to do the same, or to take any action, incur any expense or perform or discharge any obligation, duty or liability whatsoever.
Appears in 1 contract
Samples: Mortgage and Deed of Trust (Holly Energy Partners Lp)
