Common use of No Liability of Lender Re: Collateral Clause in Contracts

No Liability of Lender Re: Collateral. Lender shall not in any way or manner be liable or responsible for the safekeeping of the Collateral; any loss or damage thereto occurring or arising in any manner or fashion from any cause; any diminution in the value thereof; or 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 Borrower.

Appears in 2 contracts

Samples: Loan and Security Agreement (Visualant Inc), Loan and Security Agreement (Orange 21 Inc.)

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No Liability of Lender Re: Collateral. Lender shall not in any way or manner be liable or responsible for the safekeeping of the CollateralCollateral ; any loss or damage thereto occurring or arising in any manner or fashion from any cause; any diminution in the value thereof; or 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 Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Vertical Branding, Inc.)

No Liability of Lender Re: Collateral. 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; or (c.) any diminution in the value thereof; or 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 Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Great American Group, Inc.)

No Liability of Lender Re: Collateral. 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; or (c,) any diminution in the value thereof; : or 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 Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (DecisionPoint Systems, Inc.)

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No Liability of Lender Re: Collateral. Lender and Collateral Agent 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; or (c.) any diminution in the value thereof; or 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 Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Andalay Solar, Inc.)

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