ENTRY INTO POSSESSION. If the Security Agent or any Receiver shall enter into possession, of the property hereby charged or any part thereof it or he may from time to time and at any time go out of such possession. Neither the Security Agent nor any Receiver shall in any circumstances (either by reason of any entry into or taking of possession of any such property or for any other reason and whether as mortgagee in possession or on any other basis) be liable to account to the Company for anything except its or his actual receipts or be liable to the Company for any loss or damage arising from any realisation of the property hereby charged or from any act, default or omission in relation thereto.
Appears in 2 contracts
Sources: Charge Over Book Debts and Cash at Bank (Mitel Networks Corp), Charge Over Book Debts and Cash at Bank (Mitel Networks Corp)