Preservation and Protection of Collateral. (a) The Administrative Agent shall be under no duty or liability with respect to the collection, protection or preservation of the Collateral, or otherwise, beyond the use of reasonable care in the custody and preservation thereof while in its possession.
Appears in 30 contracts
Samples: Securities Pledge Agreement (Sonic Automotive Inc), Securities Pledge Agreement (Sonic Automotive Inc), Securities Pledge Agreement (Asbury Automotive Group Inc)
Preservation and Protection of Collateral. (a) The Administrative Agent shall be under no duty or liability with respect to the collection, protection or preservation of the Collateral, or otherwise, beyond other than the use of reasonable care in obligation to deal with the custody and preservation thereof Collateral while in its possessionpossession in the same manner as the Agent deals with similar securities or property for its own account.
Appears in 6 contracts
Samples: Guaranty Agreement (Breed Technologies Inc), Stock Pledge Agreement (Cultural Access Worldwide Inc), Pledge and Security Agreement (Unicapital Corp)
Preservation and Protection of Collateral. (a) The Administrative Collateral Agent shall be under no duty or liability with respect to the collection, protection or preservation of the Collateral, or otherwise, beyond the use of reasonable care in the custody and preservation thereof while in its possession.
Appears in 4 contracts
Samples: Intercreditor and Collateral Agency Agreement (Granite Construction Inc), Securities Pledge Agreement (Granite Construction Inc), Credit Agreement (Covenant Transport Inc)
Preservation and Protection of Collateral. (a) The Administrative Agent shall be under no duty or liability with respect to the collection, protection or preservation of the Collateral, or otherwise, beyond the use of reasonable care in the custody and preservation thereof while in its possession.
Appears in 4 contracts
Samples: Credit Agreement (Insteel Industries Inc), Bolle Credit Agreement (Bolle Inc), Credit Agreement (Walter Industries Inc /New/)
Preservation and Protection of Collateral. (a) 3.1. The Administrative Agent shall be under no duty or liability with respect to the collection, protection or preservation of the Collateral, or otherwise, beyond the use of reasonable care in the custody and preservation thereof while in its possession.
Appears in 1 contract
Samples: Stock Pledge Agreement (Danka Business Systems PLC)
Preservation and Protection of Collateral. (a) The Administrative Agent shall be under no duty or liability with respect to the collection, protection or preservation of the Collateral, or otherwise, beyond the use of reasonable care in the custody and preservation thereof while in its possession.
Appears in 1 contract
Preservation and Protection of Collateral. (a) The Administrative Agent shall be under no duty or liability with respect to the collection, protection or preservation of the Collateral, or otherwise, beyond the use of reasonable care in the custody and preservation thereof while any Collateral is in its possession.
Appears in 1 contract
Preservation and Protection of Collateral. (a) The a)The Administrative Agent shall be under no duty or liability with respect to the collection, protection or preservation of the Collateral, or otherwise, beyond the use of reasonable care in the custody and preservation thereof while in its possession.
Appears in 1 contract
Preservation and Protection of Collateral. (a) The Administrative Agent shall be under no duty or liability with respect to the collection, protection or preservation of the Collateral, or otherwise, beyond the use of reasonable care in the custody and preservation thereof while in its possessionpossession or as otherwise required by the UCC.
Appears in 1 contract
Samples: Credit Agreement (Sanmina Corp)
