Common use of Liability of Secured Party Clause in Contracts

Liability of Secured Party. Neither the Secured Party, nor any party acting as attorney for the Secured Party, shall be liable hereunder for any acts or omissions or for any error of judgment or mistake of fact or law other than and to the extent of their gross negligence or willful misconduct. The rights and remedies of the Secured Party under this Agreement shall be cumulative and not exclusive of any other right or remedy which the Secured Party may have.

Appears in 5 contracts

Samples: Security Agreement (Glencore Holding Ag), Security Agreement (Polymet Mining Corp), Security Agreement (Polymet Mining Corp)

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