Common use of Liability of Secured Party Clause in Contracts

Liability of Secured Party. The Secured Party shall not be responsible or liable for any debts contracted by it, for damages to persons or property or for salaries or non-fulfilment of contracts during any period when the Secured Party shall manage the Collateral upon entry, as provided in this Agreement, nor shall the Secured Party be liable to account as mortgagee in possession or for anything except actual receipts or be liable for any loss on realization or for any default or omission for which a mortgagee in possession may be liable. The Secured Party shall not be bound to do, observe, or perform or to see to the observance or performance by the Debtor of any obligations or covenants imposed upon the Debtor, nor shall the Secured Party, in the case of Investment Property, Instruments, or Chattel Paper, be obliged to preserve rights against other persons, nor shall the Secured Party be obliged to keep any of the Collateral identifiable. The Debtor waives any applicable provision of law permitted to be waived by it which imposes higher or greater obligations upon the Secured Party than as contained in this paragraph.

Liability of Secured Party. The Secured Party shall not be responsible or liable for any debts contracted by it, for damages to persons or property or for salaries or non-fulfilment of contracts during any period when the Secured Party shall manage the Collateral upon entry, as provided in this Agreement, nor shall the Secured Party be liable to account as mortgagee in possession or for anything except actual receipts or be liable for any loss on realization or for any default or omission for which a mortgagee in possession may be liable. The Secured Party shall not be bound to do, observe, observe or perform or to see to the observance or performance by the Debtor Guarantor of any obligations or covenants imposed upon the DebtorGuarantor, nor shall the Secured Party, in the case of Investment PropertySecurities, Instruments, or Chattel Paper, be obliged to preserve rights against other persons, nor shall the Secured Party be obliged to keep any of the Collateral identifiable. The Debtor Guarantor waives any applicable provision of law permitted to be waived by it which imposes higher or greater obligations upon the Secured Party than as contained in this paragraphSection.

Liability of Secured Party. The Secured Party shall not be responsible or liable for any debts contracted by it, for damages to persons or property or for salaries or non-fulfilment fulfillment of contracts during any period when the Secured Party shall manage the Collateral upon entry, as provided in this Agreementherein provided, nor shall the Secured Party be liable to account as mortgagee in possession or for anything except actual receipts or be liable for any loss on realization or for any default or omission for which a mortgagee in possession may be liable. The Secured Party shall not be bound to do, observe, observe or perform or to see to the observance or performance by the Debtor of any obligations or covenants imposed upon the Debtor, Debtor nor shall the Secured Party, in the case of Investment Propertysecurities, Instruments, instruments or Chattel Paperchattel paper, be obliged to preserve rights against other persons, nor shall the Secured Party be obliged to keep any of the Collateral identifiable. The Debtor hereby waives any applicable provision of law permitted to be waived by it which imposes higher or greater obligations upon the Secured Party than as contained in this paragraphaforesaid.

Liability of Secured Party. The Secured Party shall not be responsible or liable for any debts contracted by it, for damages to persons or property or for salaries or non-fulfilment fulfillment of contracts during any period when the Secured Party shall manage the Collateral upon entry, as provided in this Agreementherein provided, nor shall the Secured Party be liable to account as mortgagee in possession or for anything except actual receipts or be liable for any loss on realization or for any default or omission for which a mortgagee in possession may be liable. The Secured Party shall not be bound to do, observe, or perform or to see to the observance or performance by the Debtor of any obligations or covenants imposed upon the Debtor, Debtor nor shall the Secured Party, in the case of Investment PropertySecurities, Instruments, or Chattel Paper, be obliged to preserve rights against other persons, nor shall the Secured Party be obliged to keep any of the Collateral identifiable. The Debtor hereby waives any applicable provision of law permitted to be waived by it which imposes higher or greater obligations upon the Secured Party than as contained in this paragraphaforesaid.

Liability of Secured Party. 14.1 The Secured Party shall will not be responsible or liable for any debts contracted by it, for damages to persons or property or for salaries or non-fulfilment of contracts during any period when the Secured Party shall manage the Collateral upon entry, as provided in this Agreementherein provided, nor shall will the Secured Party be liable to account as mortgagee in possession or for anything except actual receipts or be liable for any loss on realization or for any default or omission for which a mortgagee in possession may be liable. The Secured Party shall will not be bound to do, observe, observe or perform or to see to the observance or performance by the Debtor of any obligations or covenants imposed upon the Debtor, Debtor nor shall will the Secured Party, in the case of Investment Propertysecurities, Instruments, instruments or Chattel Paperchattel paper, be obliged to preserve rights against other persons, nor shall will the Secured Party be obliged to keep any of the Collateral identifiable. The Debtor hereby waives any applicable provision of law permitted to be waived by it which imposes higher or greater obligations upon the Secured Party than as contained in this paragraphaforesaid.

Liability of Secured Party. 14.1 The Secured Party shall will not be responsible or liable for any debts contracted by it, for damages to persons or property or for salaries or non-fulfilment of contracts during any period when the Secured Party shall will manage the Collateral upon entry, as provided in this Agreementherein provided, nor shall will the Secured Party be liable to account as mortgagee in possession or for anything except actual receipts or be liable for any loss on realization or for any default or omission for which a mortgagee in possession may be liable. The Secured Party shall will not be bound to do, observe, observe or perform or to see to the observance or performance by the Debtor of any obligations of the Obligations or covenants imposed upon the Debtor, Debtor nor shall will the Secured Party, in the case of Investment Propertysecurities, Instruments, instruments or Chattel Paperchattel paper, be obliged to preserve rights against other persons, nor shall will the Secured Party be obliged to keep any of the Collateral identifiable. The Debtor hereby waives any applicable provision of law permitted to be waived by it which imposes higher or greater obligations upon the Secured Party than as contained in this paragraphaforesaid.

Liability of Secured Party. 14.1 The Secured Party shall will not be responsible or liable for any debts contracted by it, for damages to persons or property or for salaries or non-fulfilment fulfillment of contracts during any period when the Secured Party shall manage the Collateral upon entry, as provided in this Agreementherein provided, nor shall will the Secured Party be liable to account as mortgagee in possession or for anything except actual receipts or be liable for any loss on realization or for any default or omission for which a mortgagee in possession may be liable. The Secured Party shall will not be bound to do, observe, observe or perform or to see to the observance or performance by the Debtor of any obligations or covenants imposed upon the Debtor, Debtor nor shall will the Secured Party, in the case of Investment Propertysecurities, Instruments, instruments or Chattel Paperchattel paper, be obliged to preserve rights against other persons, nor shall will the Secured Party be obliged to keep any of the Collateral identifiable. The Debtor hereby waives any applicable provision of law permitted to be waived by it which imposes higher or greater obligations upon the Secured Party than as contained in this paragraphaforesaid.

Liability of Secured Party. The Secured Party shall not be responsible or liable for any debts contracted by it, for damages to persons or property or for salaries or non-fulfilment nonfulfillment of contracts during any period when the Secured Party shall manage the Collateral upon entry, as provided in this Agreementherein provided, nor shall the Secured Party party be liable to account as mortgagee in possession or for anything except actual receipts or be liable for any loss on realization or for any default or omission for which a mortgagee in possession may be liable. The Secured Party shall not be bound to do, observe, observer or perform or to see to the observance or performance by the Debtor of any obligations or covenants imposed upon the Debtor, Debtor nor shall the Secured Party, in the case of Investment Propertysecurities, Instruments, instruments or Chattel Paperchattel paper, be obliged to preserve rights against other persons, nor shall the Secured Party party be obliged to keep any of the Collateral identifiable. The Debtor hereby waives any applicable provision provisions of law permitted to be waived by it which imposes higher or greater obligations upon the Secured Party than as contained in this paragraphaforesaid.

Liability of Secured Party. 14.1 The Secured Party shall not be responsible or liable for any debts contracted by it, for damages to persons or property or for salaries or non-fulfilment fulfillment of contracts during any period when the Secured Party shall manage the Collateral upon entry, as provided in this Agreementherein provided, nor shall the Secured Party be liable to account as a mortgagee in possession or for anything except actual receipts or be liable for any loss on realization or for any default or omission for which a mortgagee in possession may be liable. The Secured Party shall not be bound to do, observe, observe or perform or to see to the observance or performance by the Debtor of any obligations or covenants imposed upon the Debtor, Debtor nor shall the Secured Party, in the case of Investment Propertysecurities, Instruments, instruments or Chattel Paperchattel paper, be obliged to preserve rights against other persons, nor shall the Secured Party be obliged to keep any of the Collateral identifiable. The Debtor hereby waives any applicable provision of law permitted to be waived by it which imposes higher or greater obligations upon the Secured Party than as contained in this paragraphaforesaid.

Liability of Secured Party. The Secured Party shall not be responsible or liable for any debts contracted by it, for damages to persons or property or for salaries or non-fulfilment fulfillment of contracts during any period when the Secured Party shall manage the Collateral upon entry, as provided in this Agreement, nor shall the Secured Party be liable to account as mortgagee in possession or for anything except actual receipts or be liable for any loss on realization or for any default or omission for which a mortgagee in possession may be liable. The Secured Party shall not be bound to do, observe, or perform or to see to the observance or performance by the Debtor of any obligations or covenants imposed upon the Debtor, nor shall the Secured Party, in the case of Investment Property, Instruments, or Chattel Paper, be obliged to preserve rights against other persons, nor shall the Secured Party be obliged to keep any of the Collateral identifiable. The Debtor waives any applicable provision of law permitted to be waived by it which that imposes higher or greater obligations upon the Secured Party than as contained in this paragraph.

Liability of Secured Party. 14.1 The Secured Party shall will not be responsible or liable for any debts contracted by it, for damages to persons or property or for salaries or non-fulfilment of contracts during any period when the Secured Party shall manage the Collateral upon entry, as provided in this Agreementherein provided, nor shall will the Secured Party be liable to account as mortgagee in possession or for anything except actual receipts or be liable for any loss on realization or for any default or omission for which a mortgagee in possession may be liable. The Secured Party shall will not be bound to do, observe, observe or perform or to see to the observance or performance by the Debtor of any obligations or covenants imposed upon the Debtor, Debtor nor shall will the Secured Party, in the case of Investment Propertysecurities, Instruments, instruments or Chattel Paperchattel paper, be obliged to preserve rights against other persons, nor shall will the Secured Party be obliged to keep any of the Collateral identifiable. The Debtor hereby waives any applicable provision of law permitted to be waived by it which imposes higher or greater obligations upon the Secured Party than as contained in this paragraphaforesaid.

Liability of Secured Party. The Secured Party shall not be responsible or liable for any debts contracted by it, for damages to persons or property or for salaries or non-fulfilment of contracts during any period when the Secured Party shall manage the Collateral upon entry, as provided in this Agreement, nor shall the Secured Party be liable to account as mortgagee in possession or for anything except actual receipts or be liable for any loss on realization or for any default or omission for which a mortgagee in possession may be liable. The Secured Party shall not be bound to do, observe, observe or perform or to see to the observance or performance by the Debtor Guarantor of any obligations or covenants imposed upon the DebtorGuarantor, nor shall the Secured Party, in the case of Investment PropertySecurities, Instruments, or Chattel Paper, be obliged to preserve rights against other persons, nor shall the Secured Party be obliged to keep any of the Collateral identifiable. The Debtor Guarantor waives any applicable provision of law permitted to be waived by it which imposes higher or greater obligations upon the Secured Party than as contained in this paragraph.