Common use of Collateral Agent’s Liability Clause in Contracts

Collateral Agent’s Liability. Neither the Collateral Agent nor any Receiver will be liable to account as a mortgagee or mortgagee in possession in respect of any Deposit or be liable for any loss upon realisation or for any neglect or default of any nature whatsoever in connection with any Deposit for which a mortgagee or mortgagee in possession might as such be liable.

Appears in 2 contracts

Sources: Security Over Cash Agreement (Reynolds Group Holdings LTD), Security Over Cash Agreement (Reynolds Group Holdings LTD)