Liability for Collateral. So long as the Lender and the Bank Product Providers comply with their obligations under the Code and no willful misconduct or gross negligence occurs, Lender shall not in any way or manner be liable or responsible for: (a) the safekeeping of the Collateral; (b) any loss or damage thereto occurring or arising in any manner or fashion from any cause; (c) any diminution in the value thereof; or (d) any act or default of any carrier, warehouseman, bailee, forwarding agency, or other Person. All risk of loss, damage, or destruction of the Collateral shall be borne by the Debtor.
Appears in 4 contracts
Samples: Security Agreement (Easylink Services Corp), Security Agreement (Easylink Services Corp), Security Agreement (Easylink Services Corp)
