Common use of No Security Agent Clause in Contracts

No Security Agent. Receiver or Delegate shall be bound to supervise, or be in any way responsible for any damages, costs or losses incurred by reason of any misconduct, omission or default on the part of, any such delegate or sub-delegate.

Appears in 3 contracts

Samples: Facility Agreement (Powerfleet, Inc.), Secured Loan Agreement (Performance Shipping Inc.), Facilities Agreement (Elbit Imaging LTD)

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No Security Agent. Receiver or Delegate shall be bound to supervise, or be in any way responsible for any damages, costs or losses loss incurred by reason of any misconductact, omission misconduct or default on the part of, of any such delegate or sub-delegate.

Appears in 1 contract

Samples: Term Loan and Multicurrency Revolving Facilities Agreement (AVG Technologies N.V.)

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No Security Agent. Receiver or Delegate shall be bound to supervise, or be in any way responsible for any damages, costs or losses incurred by reason of any misconduct, omission or default on the part of, . any such delegate or sub-delegate.

Appears in 1 contract

Samples: Common Terms Agreement (Brooge Holdings LTD)

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