Secured Party's Duties. Without limiting any other provision of this Agreement: (a) the powers conferred on Secured Party hereunder are solely to protect its interests and shall not impose any duty to exercise any such powers; and (b) except as may be required by applicable law, Secured Party shall not have any duty as to any Collateral or as to the taking of any necessary steps to preserve rights against any parties or any other rights pertaining to any Collateral.
Appears in 8 contracts
Samples: Loan and Security Agreement (Elecsys Corp), Loan and Security Agreement (FFP Partners L P), Loan and Security Agreement (Otr Express Inc/Ks)
Secured Party's Duties. Without limiting any other provision of this Agreement: (a) the powers conferred on Secured Party hereunder are solely to protect its interests interest and shall not impose any duty to exercise any such powers; powers and (b) except as may be required by applicable law, Secured Party party shall not have any duty as to any Collateral or as to the taking of any necessary steps to preserve rights against any parties or any other rights pertaining to any Collateral.
Appears in 1 contract
Samples: Security Agreement (American Artists Film Corp/Mo/)
Secured Party's Duties. Without limiting any other provision of this Agreement: (a) the powers conferred on Secured Party Agent hereunder are solely to protect its interests and the interests of Lenders and shall not impose any duty on Agent or Lenders to exercise any such powers; and (b) except as may be required by applicable law, Secured Party Agent shall not have any duty as to any Collateral or as to the taking of any necessary steps to preserve rights against any parties or any other rights pertaining to any Collateral.
Appears in 1 contract
Samples: Loan and Security Agreement (Sigmatron International Inc)
Secured Party's Duties. Without limiting any other provision of this Agreement: (a) the powers conferred on Secured Party hereunder are solely to protect its interests and shall not impose any duty to exercise any such powers; powers and (b) except as may be required by applicable law, Secured Party shall not have any duty as to any Collateral or as to the taking of any necessary steps to preserve rights against any parties or any other rights pertaining to any Collateral.. 13.18
Appears in 1 contract
Samples: Loan and Security Agreement (Mercury Air Group Inc)
Secured Party's Duties. Without limiting any other provision of this Agreement: (a) the powers conferred on Secured Party hereunder are solely to protect its interests interest and shall not impose any duty to exercise any such powers; powers and (b) except as may be required by applicable law, Secured Party shall not have any duty as to any Collateral or as to the taking of any necessary steps to preserve rights against any parties or any other rights pertaining to any Collateral.
Appears in 1 contract
Samples: Loan and Security Agreement (Computone Corporation)
Secured Party's Duties. Without limiting any other provision of this Agreement: (a) the powers conferred confirmed on Secured Party hereunder are solely to protect its interests is interest and shall not impose any duty to exercise any such powers; powers and (b) except as may be required by applicable law, Secured Party party shall not have any duty as to any Collateral or as to the taking of any necessary steps to preserve rights against any parties or any other rights pertaining to any Collateral.
Appears in 1 contract
Samples: Loan and Security Agreement (Delsoft Consulting Inc)
