Receiver as Agent Sample Clauses

Receiver as Agent. Each Receiver shall be the agent of the Chargor, which shall be solely responsible for their acts or defaults, and for their remuneration and expenses, and be liable on any agreements or engagements made or entered into by them. The Security Agent will not be responsible for any misconduct, negligence or default of a Receiver.
AutoNDA by SimpleDocs
Receiver as Agent. A Receiver shall be the agent of the Company which shall be solely responsible for his acts or defaults and for his remuneration. No Receiver shall at any time act as agent of any Secured Party.
Receiver as Agent. A Receiver shall be the agent of the Chargor and (subject to the provisions of this Deed) the Chargor shall be solely responsible for his acts or defaults and for his remuneration.
Receiver as Agent. Any Receiver of any of the Collateral shall, so far as the law allows, be deemed to be the agent of the Chargor for all purposes and the Chargor shall be solely responsible for their acts, defaults, contracts, engagements, omissions, losses, liabilities, misconduct and remuneration and the Agent shall not be under any liability whatsoever in such regard.
Receiver as Agent. (a) Any Receiver shall be the agent of each Chargor for all purposes and accordingly shall be deemed to be in the same position as a Receiver duly appointed by a mortgagee under the Law of Property Act 1925. (b) Each Chargor is solely responsible for the contracts, engagements, acts, omissions, defaults and losses of a Receiver and for any liabilities incurred by a Receiver.
Receiver as Agent. A Receiver shall be the agent of the Company and (subject to the provisions of this Assignment) the Company shall be solely responsible for his acts or defaults and for his remuneration.
Receiver as Agent. The Receiver will be deemed to be the agent of the Debtor for the purpose of establishing liability for the acts or omissions of the Receiver and the Creditor will not be liable for such acts or omissions and, without restricting the generality of the foregoing, the Debtor hereby irrevocably authorizes the Creditor to give instructions to the Receiver relating to the performance of its duties as set out herein.
AutoNDA by SimpleDocs
Receiver as Agent. Every Receiver shall be the agent of the relevant Chargor which shall be solely responsible for his acts and defaults and for the payment of his remuneration.
Receiver as Agent. A Receiver shall be the agent of the Chargor which shall be solely responsible for his acts or defaults and for his remuneration. No Receiver shall at any time act as agent of any Secured Party.
Receiver as Agent. Each Receiver shall be deemed to be the agent of SAVVIS UK and Guarantor for all purposes and in the same position as a receiver duly appointed by a mortgagee under the Act or under any similar or analogous legislation relevant to either SAVVIS UK or Guarantor in any jurisdiction. SAVVIS UK or Guarantor (as applicable) alone shall be responsible for the Receiver’s contracts, engagements, acts, omissions, defaults for losses and liabilities incurred by him and NatWest shall not incur any liability therefor to either of SAVVIS UK or Guarantor or any other person whatsoever by reason of NatWest’s appointing him as Receiver or for any other reason whatsoever.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!