Common use of NO RESPONSIBILITY FOR LOSSES Clause in Contracts

NO RESPONSIBILITY FOR LOSSES. The Collateral Agent shall not be responsible for any loss or diminution in the value occasioned to the Charged Property by any act or omission of the Chargor or any prior ranking encumbrancer or any other person.

Appears in 4 contracts

Samples: 3com Corp, 3com Corp, 3com Corp

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NO RESPONSIBILITY FOR LOSSES. The Collateral Agent shall not be responsible for any loss or diminution in the value occasioned to the Charged Mortgaged Property by any act or omission of the Chargor Mortgagor or any prior ranking encumbrancer or any other person.

Appears in 1 contract

Samples: 3com Corp

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