Common use of Possession of Charged Property Clause in Contracts

Possession of Charged Property. Without prejudice to the generality of Clause 17.1 (No liability for exercise of powers), entry into possession of the security, charges and pledges constituted by this Deed shall not render the Security Trustee, the Lender Parties or the Receiver liable to account as mortgagee in possession and if and whenever the Security Trustee enters into possession of the security, charges and pledges constituted by this Deed, it shall be entitled at any time at its discretion to go out of such possession.

Possession of Charged Property. Without prejudice to the generality of Clause 17.1 (No liability for exercise of powers)Section 17.1, entry into possession of the security, charges and pledges constituted by this Deed shall not render the Security Trustee, the Lender Parties or the Receiver liable to account as mortgagee in possession and if and whenever the Security Trustee enters into possession of the security, charges and pledges constituted by this Deed, it shall be entitled at any time at its discretion to go out of such possession.