No liability as mortgagee in possession. None of the Beneficiaries, the Security Trustee or any Receiver shall be liable to account as mortgagee or heritable creditor in possession in respect of all or any of the Charged Assets or be liable for any loss upon realisation or for any neglect or default of any nature whatsoever for which a mortgagee in possession may be liable as such except in the case of fraud, wilful misconduct or gross negligence on the part of a Beneficiary, the Security Trustee or a Receiver (as the case may be).
Appears in 3 contracts
Sources: Composite Debenture (Virgin Media Investments LTD), Composite Debenture (Wakefield Cable Communications LTD), Composite Debenture (Wakefield Cable Communications LTD)
No liability as mortgagee in possession. None of the Beneficiaries, the Security Trustee or any Receiver shall be liable to account as mortgagee or heritable creditor in possession in respect of all or any of the Charged Assets Assigned Rights or be liable for any loss upon realisation or for any neglect or default of any nature whatsoever for which a mortgagee in possession may be liable as such except in the case of fraud, wilful misconduct or gross negligence on the part of a Beneficiary, the Security Trustee or a Receiver (as the case may be).
Appears in 2 contracts
Sources: Assignment of Loans (Wakefield Cable Communications LTD), Assignment of Loans (Wakefield Cable Communications LTD)
No liability as mortgagee in possession. None of the Beneficiaries, the Security Trustee or any Receiver shall be liable to account as mortgagee or heritable creditor in possession in respect of all or any of the Charged Assets Secured Property or be liable for any loss upon realisation or for any neglect or default of any nature whatsoever for which a mortgagee in possession may be liable as such except in the case of fraud, wilful misconduct or gross negligence on the part of a Beneficiary, the Security Trustee or a Receiver (as the case may be).
Appears in 1 contract
Sources: Charge Over Shares (Wakefield Cable Communications LTD)
No liability as mortgagee in possession. None of the Beneficiaries, Beneficiaries or the Security Trustee or any Receiver shall be liable to account as mortgagee or heritable creditor in possession in respect of all or any of the Charged Assets Deposit or be liable for any loss upon realisation or for any neglect or default of any nature whatsoever for which a mortgagee in possession may be liable as such except in the case of fraud, wilful misconduct or gross negligence on the part of a Beneficiary, the relevant Beneficiary or the Security Trustee or a Receiver (as the case may be).
Appears in 1 contract
Sources: Blocked Account Charge (Wakefield Cable Communications LTD)