Common use of Duties of Agent Clause in Contracts

Duties of Agent. The powers conferred on Agent hereunder are solely to protect its interest in the Collateral and shall not impose any duty upon it to exercise any such powers. Agent’s duty with reference to the Collateral shall be solely to use slight care in the custody and preservation of the Collateral, which shall not include any steps necessary to preserve rights against prior parties. Agent shall have no responsibility or liability for the collection of any Collateral or by reason of any invalidity, lack of value or uncollectability of any of the payments received by it.

Duties of Agent. The powers conferred on Agent hereunder are solely to protect its interest in the Collateral and shall not impose any duty upon it to exercise any such powers. Agent’s 's duty with reference to the Collateral shall be solely to use slight care in the custody and preservation of the Collateral, which shall not include any steps necessary to preserve rights against prior parties. Agent shall have no responsibility or liability for the collection of any Collateral or by reason of any invalidity, lack of value or uncollectability of any of the payments received by it.

Duties of Agent. The powers conferred on Agent hereunder are solely to protect its interest interests in the Pledged Collateral and shall not impose on it any duty upon it to exercise any such powers. Agent’s Except as provided in Section 9207 of the Code, Agent shall have no duty with reference respect to the Pledged Collateral shall be solely to use slight care in the custody and preservation of the Collateral, which shall not include or any responsibility for taking any necessary steps necessary to preserve rights against prior parties. Agent shall have no responsibility or liability for the collection of any Collateral or by reason of Persons with respect to any invalidity, lack of value or uncollectability of any of the payments received by itPledged Collateral.

Duties of Agent. The powers conferred on Agent hereunder are solely to protect its interest interests in the Pledged Collateral and shall not impose on it any duty upon it to exercise any such powers. Agent’s Except as provided in Section 9-207 of the Code, Agent shall have no duty with reference respect to the Pledged Collateral shall be solely to use slight care in the custody and preservation of the Collateral, which shall not include or any responsibility for taking any necessary steps necessary to preserve rights against prior parties. Agent shall have no responsibility or liability for the collection of any Collateral or by reason of Persons with respect to any invalidity, lack of value or uncollectability of any of the payments received by itPledged Collateral.

Duties of Agent. The powers conferred on Agent hereunder are solely to protect its interest in the Receivables Collateral and shall not impose any duty upon it to exercise any such powers. Agent’s duty with reference to the Receivables Collateral shall be solely to use slight care in the custody and preservation of the Receivables Collateral, which shall not include any steps necessary to preserve rights against prior parties. Agent shall have no responsibility or liability for the collection of any Receivables Collateral or by reason of any invalidity, lack of value or uncollectability of any of the payments received by it.

Duties of Agent. The powers conferred on Agent hereunder are solely to protect its interest in the Collateral and shall not impose any duty upon it to exercise any such powers. Agent’s duty with reference to the Collateral shall be solely to use slight care in the custody and preservation of the Collateral, which shall not include any steps necessary to preserve rights against prior partiesparties and to use such care in the custody of Collateral in the possession of Agent as is accorded to other personal property of the same type as the Collateral in the possession of the Agent. Agent shall have no responsibility or liability for the collection of any Collateral or by reason of any invalidity, lack of value or uncollectability of any of the payments received by it.

Duties of Agent. The powers conferred on Agent hereunder are solely to protect its interest in the Collateral and shall not impose any duty upon it to exercise any such powers. Agent’s duty of care with reference to the Collateral shall be solely to use slight care in the custody and preservation of the Collateral, which shall not include any steps necessary to preserve rights against prior parties. Agent shall have no responsibility or liability for the collection of any Collateral or by reason of any invalidity, lack of value or uncollectability of any of the payments received by it.