Secured Party's Duties. Notwithstanding any provision contained in this Agreement, each Secured Party shall have no duty to exercise any of the rights, privileges or powers afforded to it and shall not be responsible to the Company or any other Person for any failure to do so or delay in doing so. Except for the accounting for moneys actually received by such Secured Party hereunder or in connection herewith, each Secured Party shall have no duty or liability to exercise or preserve any rights, privileges or powers pertaining to the Intellectual Property Collateral.
Appears in 5 contracts
Samples: Patent and Trademark Security Agreement (Sutura, Inc.), Patent and Trademark Security Agreement (Technology Visions Group Inc), Patent and Trademark Security Agreement (Sutura, Inc.)
Secured Party's Duties. Notwithstanding any provision contained in this Agreement, each Secured Party shall have no duty to exercise any of the rights, privileges or powers afforded to it and shall not be responsible to the Company Pledgor or any other Person for any failure to do so or delay in doing so. Except for Beyond the exercise of reasonable care to assure the safe custody of the Pledged Collateral while held hereunder and the accounting for moneys actually received by such Secured Party hereunder or in connection herewithhereunder, each Secured Party shall have no duty or liability to exercise or preserve any rights, privileges or powers pertaining to the Intellectual Property Pledged Collateral.
Appears in 4 contracts
Samples: Credit Agreement (Accentia Biopharmaceuticals Inc), Equity Parts and Shares Pledge Agreement (Wireless Facilities Inc), Form of Stock Pledge Agreement (JMP Group Inc.)
Secured Party's Duties. Notwithstanding any provision contained in this Agreement, each Secured Party shall have no duty to exercise any of the rights, privileges or powers afforded to it and shall not be responsible to the Company Debtor or any other Person for any failure to do so or delay in doing so. Except for the accounting for moneys actually received by such Secured Party hereunder or in connection herewith, each Secured Party shall have no duty or liability to exercise or preserve any rights, privileges or powers pertaining to the Intellectual Property Trademark Collateral.
Appears in 3 contracts
Samples: Patent Security Agreement (Intergraph Corp), Trademark Security Agreement (Family Restaurants), Trademark Security Agreement (Family Restaurants)
Secured Party's Duties. Notwithstanding any provision contained in this Agreement, each the Secured Party shall have has no duty to exercise any of the rights, privileges or powers afforded to it and shall is not be responsible to the Company or any other Person for any failure to do so or delay in doing so. Except for Beyond the exercise of reasonable care to assure the safe custody of Collateral in the Secured Party’s possession and the accounting for moneys actually received by such the Secured Party hereunder or in connection herewithhereunder, each the Secured Party shall have has no duty or liability to exercise or preserve any rights, privileges or powers pertaining to the Intellectual Property CollateralCollateral to the extent permitted by applicable law.
Appears in 2 contracts
Samples: Security Agreement (Insite Vision Inc), Security Agreement (Insite Vision Inc)
Secured Party's Duties. Notwithstanding any provision contained in this Agreement, each Secured Party shall have no duty to exercise any of the rights, privileges or powers afforded to it and shall not be responsible to the Company any Debtor or any other Person for any failure to do so or delay in doing so. Except for the accounting for moneys actually received by such Secured Party hereunder or in connection herewith, each Secured Party shall have no duty or liability to exercise or preserve any rights, privileges or powers pertaining to the Intellectual Property Trademark Collateral.
Appears in 2 contracts
Samples: Trademark Security Agreement (Fitzgeralds Gaming Corp), 1 Trademark Security Agreement (Midcom Communications Inc)
Secured Party's Duties. Notwithstanding any provision contained ---------------------- in this Agreement, each Secured Party shall have no duty to exercise any of the rights, privileges or powers afforded to it and shall not be responsible to the Company Debtor or any other Person for any failure to do so or delay in doing so. Except for the accounting for moneys actually received by such Secured Party hereunder or in connection herewith, each Secured Party shall have no duty or liability to exercise or preserve any rights, privileges or powers pertaining to the Intellectual Property Trademark Collateral.
Appears in 2 contracts
Samples: Security Agreement (QMS Inc), Trademark Security Agreement (Prandium Inc)
Secured Party's Duties. Notwithstanding any provision contained in ---------------------- this Agreement, each Secured Party shall have no duty to exercise any of the rights, privileges or powers afforded to it and shall not be responsible to the Company Debtor or any other Person for any failure to do so or delay in doing so. Except for the accounting for moneys actually received by such Secured Party hereunder or in connection herewith, each Secured Party shall have no duty or liability to exercise or preserve any rights, privileges or powers pertaining to the Intellectual Property Trademark Collateral.
Appears in 1 contract
Samples: Loan and Security Agreement (Image Entertainment Inc)
Secured Party's Duties. Notwithstanding any provision contained in this Agreement, each Secured Party shall have no duty to exercise any of the rights, privileges or powers afforded to it and shall not be responsible to the Company Grantor or any other Person for any failure to do so or delay in doing so. Except for the accounting for moneys actually received by such Secured Party hereunder or in connection herewithhereunder, each Secured Party shall have no duty or liability to exercise or preserve any rights, privileges or powers pertaining to the Intellectual Property Collateral.
Appears in 1 contract
Samples: Intellectual Property Security Agreement (Larscom Inc)
Secured Party's Duties. Notwithstanding any provision contained in this Agreement, each the Secured Party shall have no duty to exercise any of the rights, privileges or powers afforded to it and shall not be responsible to the Company any Grantor or any other Person for any failure to do so or delay in doing so. Except for Beyond the exercise of reasonable care to assure the safe custody of Collateral in the Secured Party’s possession and the accounting for moneys actually received by such the Secured Party hereunder or in connection herewithhereunder, each the Secured Party shall have no duty or liability to exercise or preserve any rights, privileges or powers pertaining to the Intellectual Property Collateral.
Appears in 1 contract
Samples: Security Agreement (BioAmber Inc.)
Secured Party's Duties. Notwithstanding any provision contained in this Agreement, each Secured Party shall have no duty to exercise any of the rights, privileges or powers afforded to it and shall not be responsible to the Company any Debtor or any other Person for any failure to do so or delay in doing so. Except for the accounting for moneys actually received by such Secured Party hereunder or in connection herewith, each Secured Party shall have no duty or liability to exercise or preserve any rights, privileges or powers pertaining to the Intellectual Property Collateral.
Appears in 1 contract
Secured Party's Duties. Notwithstanding any provision contained in this Agreement, each the Secured Party shall have no duty to exercise any of the rights, privileges or powers afforded to it and shall not be responsible to the Company Grantor or any other Person for any failure to do so or delay in doing so. Except for the accounting for moneys actually received by such the Secured Party hereunder or in connection herewith, each the Secured Party shall have no duty or liability to exercise or preserve any rights, privileges or powers pertaining to the Intellectual Property Patent Collateral.
Appears in 1 contract
Secured Party's Duties. Notwithstanding any provision contained in this Agreement, each Secured Party shall have no duty to exercise any of the rights, privileges or powers afforded to it and shall not be responsible to the Company Debtor or any other Person for any failure to do so or delay in doing so. Except for the accounting for moneys actually received by such Secured Party hereunder or in connection herewith, each Secured Party shall have no duty or liability to exercise or preserve any rights, privileges or powers pertaining to the Intellectual Property Collateral.
Appears in 1 contract
Samples: Security Agreement (Chemdex Corp)
Secured Party's Duties. Notwithstanding any provision contained in this Agreement, each the Secured Party shall have no duty to exercise any of the rights, privileges or powers afforded to it and shall not be responsible to the Company Debtor or any other Person for any failure to do so or delay in doing so. Except for Beyond the exercise of reasonable care to assure the safe custody of Collateral in the Secured Party's possession and the accounting for moneys actually received by such the Secured Party hereunder or in connection herewithhereunder, each the Secured Party shall have no duty or liability to exercise or preserve any rights, privileges or powers pertaining to the Intellectual Property Collateral.
Appears in 1 contract
