No liability as mortgagee in possession. Neither the Security Agent, the Lenders nor any of their nominees shall be liable to account as mortgagee in possession in respect of all or any of the Secured Shares, nor shall any of them be liable for any loss on realisation of, or for any neglect or default of any nature in connection with, all or any of the Secured Shares for which a mortgagee in possession might be liable as such.
Appears in 3 contracts
Samples: Shin Nippon Biomedical Laboratories, Ltd., Shin Nippon Biomedical Laboratories, Ltd., Shin Nippon Biomedical Laboratories, Ltd.
No liability as mortgagee in possession. Neither the Security Agent, the Lenders Chargee nor any of their its nominees shall be liable to account as mortgagee in possession in respect of all or any of the Secured Shares, nor shall any of them be liable for any loss on realisation of, or for any neglect or default of any nature in connection with, all or any of the Secured Shares for which a mortgagee in possession might be liable as such.
Appears in 1 contract
