Common use of Limitation on Duties Regarding Collateral Clause in Contracts

Limitation on Duties Regarding Collateral. The sole duty of Secured Party with respect to the custody, safekeeping and physical preservation of the Collateral in its possession, under Section 9207 of the UCC or otherwise, shall be to deal with it in the same manner as Secured Party deals with similar securities and property for Secured Party’s own account and as would be dealt by a prudent person in the reasonable administration of its affairs. Neither Secured Party nor any agents of Secured Party shall be liable for failure to demand, collect or realize upon any of the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of Debtor or otherwise.

Limitation on Duties Regarding Collateral. The Secured Party’s sole duty of Secured Party with respect to the custody, safekeeping and physical preservation of the Collateral in its possession, under Section 9207 9-207 of the UCC or otherwiseUniform Commercial Code in effect in any jurisdiction with respect to the Liens created hereby, shall be to deal with it in the same manner as Secured Party deals with similar securities and property for Secured Party’s its own account and as would be dealt by a prudent person in the reasonable administration of its affairsaccount. Neither Secured Party nor any of its directors, officers, employees or agents of Secured Party shall be liable for failure to demand, collect or realize upon any of the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of Debtor Pledgor or otherwise.

Limitation on Duties Regarding Collateral. The Secured Party’s sole duty of Secured Party with respect to the custody, safekeeping and physical preservation of the Collateral in its possession, under Section 9207 of the UCC or otherwise, shall be to deal with it in the same manner as the Secured Party deals with similar securities and property for Secured Party’s its own account and as would be dealt by a prudent person in the reasonable administration of its affairsaccount. Neither the Secured Party nor any of its partners, directors, officers, employees or agents of Secured Party shall be liable for failure to demand, collect or realize upon any of the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of Debtor Pledgor or otherwise.

Limitation on Duties Regarding Collateral. The Secured Party’s sole duty of Secured Party with respect to the custody, safekeeping and physical preservation of the Collateral Collateral, if any, in its possession, under Section 9207 9-207 of the UCC or otherwise, shall be to deal with it in the same manner as Secured Party deals with similar securities and property for Secured Party’s its own account and as would be dealt by a prudent person in the reasonable administration of its affairsaccount. Neither Secured Party nor any of its directors, officers, employees or agents of Secured Party shall be liable for failure to demand, collect or realize upon any of the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of Debtor Pledgor or otherwise.

Limitation on Duties Regarding Collateral. The Secured Party’s sole duty of Secured Party with respect to the custody, safekeeping and physical preservation of the Collateral in its possession, under Section 9207 of the UCC or otherwise, shall be to deal with it in the same manner as Secured Party deals with similar securities and property for Secured Party’s its own account and as would be dealt by a prudent person in the reasonable administration of its affairsaccount. Neither Secured Party nor any of its agents of Secured Party shall be liable for failure to demand, collect or realize upon any of the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of Debtor any Pledgor or otherwise.

Limitation on Duties Regarding Collateral. The ---------------------------------------------- Secured Party's sole duty of Secured Party with respect to the custody, safekeeping and physical preservation of the Collateral in its possession, under Section 9207 9-207 of the UCC or otherwise, shall be to deal with it in the same manner as the Secured Party deals with similar securities and property for Secured Party’s its own account and as would be dealt by a prudent person in the reasonable administration of its affairsaccount. Neither the Secured Party nor any of its directors, officers, employees or agents of Secured Party shall be liable for failure to demand, collect or realize upon any of the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of Debtor the Pledgor or otherwise.