Common use of Security Trustee's Powers Clause in Contracts

Security Trustee's Powers. The Security Trustee shall have no liability or responsibility to the Chargor arising out of the exercise or non-exercise of the powers conferred on it by this Clause 18, except for gross negligence or wilful default.

Security Trustee's Powers. The Security Trustee shall have no liability or responsibility to the any Chargor arising out of the exercise or non-exercise of the powers conferred on it by this Clause 18, except for gross negligence or wilful default.