Responsibility for Collateral. Anything herein to the contrary notwithstanding, Grantor agrees that the Collateral shall remain at Grantor’s sole risk at all times, and Secured Party shall have no obligation or duty of any nature whatsoever with respect to any item of the Collateral or any matter or proceedings arising in connection therewith, including, without limitation, any obligation or duty to take any action to collect, preserve or protect its or Grantor’s rights in and to the Collateral.
Appears in 11 contracts
Samples: City Purpose Security Agreement, Purpose Security Agreement, Public Purpose Security Agreement
Responsibility for Collateral. Anything herein to the contrary notwithstanding, Grantor Xxxxxxx agrees that the Collateral shall remain at Grantor’s sole risk at all times, and Secured Party shall have no obligation or duty of any nature whatsoever with respect to any item of the Collateral or any matter or proceedings arising in connection therewith, including, without limitation, any obligation or duty to take any action to collect, preserve or protect its or Grantor’s rights in and to the Collateral.
Appears in 8 contracts
Samples: Purpose Security Agreement, Public Purpose Security Agreement, Public Purpose Security Agreement
