Common use of Preservation and Protection of Collateral Clause in Contracts

Preservation and Protection of Collateral. (a) The Agent shall be under no duty or liability with respect to the collection, protection or preservation of the Collateral, or otherwise, other than the obligation to deal with the Collateral while in its possession in the same manner as the Agent deals with similar securities or property held as collateral for loans.

Appears in 3 contracts

Samples: Stock Pledge Agreement (Miller Industries Inc /Tn/), Stock Pledge Agreement (Miller Industries Inc /Tn/), Stock Pledge Agreement (Miller Industries Inc /Tn/)

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Preservation and Protection of Collateral. (a) The Agent shall be under no duty or liability with respect to the collection, protection or preservation of the Collateralcollateral, or otherwise, other than beyond the obligation to deal with use of reasonable care in the Collateral custody and preservation thereof while in its possession in the same manner as the Agent deals with similar securities or property held as collateral for loanspossession.

Appears in 1 contract

Samples: Guaranty Agreement (Breed Technologies Inc)

Preservation and Protection of Collateral. (a) The Collateral Agent shall be under no duty or liability with respect to the collection, protection or preservation of the Collateral, or otherwise, other than the obligation to deal with the Collateral while in its possession in the same manner as the Collateral Agent deals with similar securities or property held as collateral for loansits own account.

Appears in 1 contract

Samples: Security Agreement (Ameristeel Corp)

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Preservation and Protection of Collateral. (aA) The Agent shall be under no duty or liability with respect to the collection, protection or preservation of the Collateral, or otherwise, other than beyond the obligation to deal with use of reasonable care in the Collateral custody and preservation thereof while in its possession in the same manner as the Agent deals with similar securities or property held as collateral for loanspossession.

Appears in 1 contract

Samples: Credit Agreement (Catalina Marketing Corp/De)

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