Common use of ENTRY INTO POSSESSION Clause in Contracts

ENTRY INTO POSSESSION. Without prejudice to the generality of Clause 23.1 (Limitation), neither the Security Agent, any nominee nor any Receiver shall be liable to account as mortgagee in possession or otherwise for any sum not actually received by it or him respectively. If and whenever the Security Agent, or any nominee enters into possession of any Assets, it shall be entitled at any time at its discretion to go out of possession.

ENTRY INTO POSSESSION. Without prejudice to the generality of Clause 23.1 21.1 (Limitation), neither the Security AgentTrustee, any nominee nor any Receiver shall be liable to account as mortgagee in possession or otherwise for any sum not actually received by it or him respectively. If and whenever the Security AgentTrustee, or any nominee enters into possession of any Assets, it shall be entitled at any time at its discretion to go out of possession.