Duties of the Secured Party. The powers conferred upon the Secured Party hereunder are solely to protect his interests in the Collateral and shall not impose on him any duty to exercise such powers. Except as provided in Section 9-207 of the Uniform Commercial Code, The Secured Party shall have no duty with respect to the Collateral or any responsibility for taking any necessary steps to preserve rights against any Persons with respect to any Collateral.
Appears in 4 contracts
Samples: Pledge Agreement (Organic Plant Health Inc.), Stock Pledge Agreement (Decor Products International, Inc.), Stock Pledge Agreement (CenterStaging Corp.)
Duties of the Secured Party. The powers conferred upon on the Secured Party hereunder are solely to protect his its interests in the Collateral and shall not impose on him it any duty to exercise such powers. Except as provided in Section 9-207 of the Uniform Commercial Code, The the Secured Party shall have no duty with respect to the Collateral or any responsibility for taking any necessary steps to preserve rights against any Persons persons with respect to any Collateral.
Appears in 2 contracts
Samples: Fourth Amended and Restated Stock Pledge Agreement (National Storm Management Inc.), Stock Pledge Agreement (National Storm Management Inc.)
Duties of the Secured Party. The powers conferred upon on the Secured Party hereunder are solely to protect his its interests in the Collateral and shall not impose on him it any duty to exercise such powers. Except as provided in Section 9-207 of the Uniform Commercial CodeUCC, The the Secured Party shall have no duty with respect to the Collateral or any responsibility for taking any steps necessary steps or advisable to preserve rights against any Persons with respect to any Collateral.
Appears in 2 contracts
Samples: Pledge and Security Agreement (GTJ REIT, Inc.), Libor Cap Security Agreement (GTJ REIT, Inc.)
Duties of the Secured Party. The powers conferred upon the Secured Party hereunder are solely to protect his the Secured Party’s interests in the Collateral and shall not impose on him the Secured Party any duty to exercise such powers. Except as provided in Section 9-207 of the Uniform Commercial Code, The the Secured Party shall have no duty with respect to the Collateral or any responsibility for taking any necessary steps to preserve rights against any Persons persons with respect to any Collateral.
Appears in 2 contracts
Samples: Stock Pledge Agreement (Hydrocarb Energy Corp), Stock Pledge Agreement (Hydrocarb Energy Corp)
Duties of the Secured Party. The powers conferred upon the Secured Party hereunder are solely to protect his its interests in the Collateral and shall not impose on him it any duty to exercise such powers. Except as provided in Section 9-207 of the Uniform Commercial Code, The the Secured Party shall have no duty with respect to the Collateral or any responsibility for taking any necessary steps to preserve rights against any Persons with respect to any Collateral.
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Duties of the Secured Party. The powers conferred upon the Secured Party hereunder are solely to protect his interests in the Collateral and shall not impose on him any duty to exercise such powers. Except as provided in Section 9-207 of the Uniform Commercial Code, The the Secured Party shall have no duty with respect to the Collateral or any responsibility for taking any necessary steps to preserve rights against any Persons with respect to any Collateral.
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Duties of the Secured Party. The powers conferred upon the Secured Party hereunder are solely to protect his its interests in the Collateral and shall not impose on him it any duty to exercise such powers. Except as provided in Section 9-207 of the Uniform Commercial CodeCode of the State of Illinois, The the Secured Party shall have no duty with respect to the Collateral or any responsibility for taking any necessary steps to preserve rights against any Persons persons with respect to any Collateral.
Appears in 1 contract
