No Responsibility for Debt. The Secured Party will not be responsible or liable for any debts contracted by it, for damages to persons or property or for salaries or non-fulfilment of contracts during any period when the Secured Party will manage the Collateral upon entry of the business of the Debtor, as herein provided, nor will the Secured Party be liable to account as mortgagee in possession or for anything except actual receipts or be liable for any loss or realization or for any default or omission for which a mortgagee in possession may be liable.
Appears in 3 contracts
Samples: General Security Agreement (CurrencyWorks Inc.), General Security Agreement (Search by HEADLINES.COM Corp.), General Security Agreement (Maverick Minerals Corp)
No Responsibility for Debt. The Secured Party will not be responsible or liable for any debts contracted by it, for damages to persons or property or for salaries or non-non- fulfilment of contracts during any period when the Secured Party will manage the Collateral upon entry of the business of the Debtor, as herein provided, nor will the Secured Party be liable to account as mortgagee in possession or for anything except actual receipts or be liable for any loss or realization or for any default or omission for which a mortgagee in possession may be liable.
Appears in 1 contract
Samples: Security Agreement
No Responsibility for Debt. The Secured Party Parties will not be responsible or liable for any debts contracted by it, for damages to persons or property or for salaries or non-fulfilment of contracts during any period when the Secured Party Parties will manage the Collateral upon entry of the business of the Debtor, as herein provided, nor will the Secured Party Parties be liable to account as mortgagee in possession or for anything except actual receipts or be liable for any loss or realization or for any default or omission for which a mortgagee in possession may be liable.
Appears in 1 contract
