Common use of Liability for Collateral Clause in Contracts

Liability for Collateral. The Lender shall not be liable or responsible for: (a) the safekeeping of the Collateral; (b) any loss or damage to the Collateral; (c) any diminution in the value of the Collateral; or (d) any act or default of any carrier, warehouseman, bailee, or other Person. Borrower bears all risk of loss, damage or destruction of the Collateral.

Appears in 2 contracts

Samples: Loan, Guaranty and Security Agreement (Hut 8 Corp.), Loan, Guaranty and Security Agreement (Hut 8 Corp.)

AutoNDA by SimpleDocs

Liability for Collateral. The Lender shall not in any way or manner ------------------------ be liable or responsible for: (a) the safekeeping of the Collateral; (b) any loss or damage to the Collateralthereto occurring or arising in any manner or fashion from any cause other than from Lender's gross negligence; (c) any diminution in the value of the Collateral; thereof, or (d) any act or default of any carrier, warehouseman, bailee, forwarding agency, or other Personperson whomsoever. Borrower bears all All risk of loss, damage or destruction of the CollateralCollateral shall be borne by Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Snowball Com Inc)

AutoNDA by SimpleDocs

Liability for Collateral. The Lender Collateral Agent and Lenders shall not be liable or responsible for: (a) the safekeeping of the Collateral; (b) any loss or damage to the Collateral; (c) any diminution in the value of the Collateral; or (d) any act or default of any carrier, warehouseman, bailee, or other Person. Borrower bears all risk of loss, damage or destruction of the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Angie's List, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.