Lender’s Duties. The powers conferred on Lender hereunder are solely to protect its interest in the Collateral and shall not impose any duty upon it to exercise any such powers. Unless otherwise required by law, Debtor has the risk of loss of the Collateral, and Lender shall have no duty as to any Collateral (other than storing and disposing of the Collateral in a commercially reasonable manner) or as to the taking of any necessary steps to preserve rights against other parties or any other rights pertaining to any Xxxxxxxxxx.
Appears in 1 contract
Lender’s Duties. The powers conferred on Lender hereunder are solely to protect its Lender's interest in the Collateral and shall not impose any duty upon it to exercise any such powers. Unless otherwise required Except for the safe custody of any Collateral in its possession and the accounting for moneys actually received by lawit hereunder, Debtor has the risk of loss of the Collateral, and Lender shall have no duty as to any Collateral (other than storing and disposing of the Collateral in a commercially reasonable manner) or as to the taking of any necessary steps to preserve rights against other prior parties or any other rights pertaining to any XxxxxxxxxxCollateral.
Appears in 1 contract
Samples: Security Agreement (American Radio Systems Corp /Ma/)
Lender’s Duties. The powers conferred on Lender hereunder are solely to protect its interest in the Collateral and shall not impose any duty upon it to exercise any such powers. Unless otherwise required Except for the safe custody of any Collateral in its possession and the accounting for moneys actually received by lawit hereunder, Debtor has the risk of loss of the Collateral, and Lender shall have no duty as to any Collateral (other than storing and disposing of the Collateral in a commercially reasonable manner) or as to the taking of any necessary steps to preserve rights against other parties or any other rights pertaining to any Xxxxxxxxxxthe Collateral.
Appears in 1 contract
Lender’s Duties. The powers conferred on the Lender hereunder are solely to protect its interest in the Pledged Collateral and shall not impose any duty upon it to exercise any such powers. Unless otherwise required Except for the safe custody of any Pledged Collateral in its possession and the accounting for moneys actually received by lawit hereunder, Debtor has the risk of loss of the Collateral, and Lender shall have no duty as to any Pledged Collateral (other than storing and disposing of the Collateral in a commercially reasonable manner) or as to the taking of any necessary steps to preserve rights against other prior parties or any other rights pertaining to any XxxxxxxxxxPledged Collateral.
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Samples: Pledge Agreement (Energy Inc.)
Lender’s Duties. The powers conferred on Lender hereunder are solely to protect its Lender's interest in the Collateral and shall not impose any duty upon it to exercise any such powers. Unless otherwise required Except for the safe custody of any Collateral in its possession and the accounting for moneys actually received by lawit hereunder, Debtor has the risk of loss of the Collateral, and Lender shall have no duty as to any Collateral (other than storing and disposing of the Collateral in a commercially reasonable manner) or as to the taking of any necessary steps step to preserve rights against other prior parties or any other rights pertaining to any XxxxxxxxxxCollateral.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Birch Financail Inc)
Lender’s Duties. The powers conferred on Lender hereunder are solely to protect its interest in the Collateral and shall not impose any duty upon it to exercise any such powers. Unless otherwise required Except for the safe custody of any Collateral in its possession and the accounting for moneys actually received by lawit hereunder, Debtor has the risk of loss of the Collateral, and Lender shall have no duty as to any Collateral (other than storing and disposing of the Collateral in a commercially reasonable manner) or as to the taking of any necessary steps to preserve rights against other prior parties or any other rights pertaining to any XxxxxxxxxxCollateral.
Appears in 1 contract
Samples: Interim Financing and Security Agreement (Affinity Entertainment Inc)
Lender’s Duties. The powers conferred on Lender hereunder are --------------- solely to protect its interest in the Collateral and shall not impose any duty upon it to exercise any such powers. Unless otherwise required Except for the safe custody of any Collateral in its possession and the accounting for moneys actually received by lawit hereunder, Debtor has the risk of loss of the Collateral, and Lender shall not have no any duty as to any Collateral (other than storing and disposing of the Collateral in a commercially reasonable manner) or as to the taking of any necessary steps to preserve rights against other any parties or any other rights pertaining to any XxxxxxxxxxCollateral.
Appears in 1 contract
Samples: Security Agreement (Safeguard Scientifics Inc Et Al)
Lender’s Duties. The powers conferred on the Lender hereunder are solely to protect its interest in the Collateral and shall not impose any duty upon it to exercise any such powers. Unless otherwise required Except for the safe custody of any Collateral in its possession and the accounting for moneys actually received by lawit hereunder, Debtor has the risk of loss of the Collateral, and Lender shall have no duty as to any Collateral (other than storing and disposing of the Collateral in a commercially reasonable manner) or as to the taking of any necessary steps to preserve rights against other prior parties or any other rights pertaining to any XxxxxxxxxxCollateral.
Appears in 1 contract
Samples: Security Agreement (Chapeau Inc)