Common use of Possession of Charged Property Clause in Contracts

Possession of Charged Property. If the Security Agent or the Receiver enters into possession of the Charged Property, it will not be liable to account as mortgagee in possession by reason of viewing or repairing any of the present or future Charged Property of the Chargor and may at any time at its discretion go out of such possession.

Possession of Charged Property. If the Security Agent or the Receiver enters into possession of the Charged Property, it will not be liable to account as mortgagee in possession by reason of viewing or repairing any of the present or future Charged Property assets of the any Chargor and may at any time at its discretion go out of such possession.