Common use of Loss of Collateral Clause in Contracts

Loss of Collateral. Lender shall not be liable for the loss of any Collateral in its possession, nor shall such loss diminish Borrower's Obligations.

Appears in 4 contracts

Samples: Export Loan Agreement (Fuelcell Energy Inc), Export Loan Agreement (Fuelcell Energy Inc), Export Loan Agreement (Fuelcell Energy Inc)

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Loss of Collateral. Lender shall not be liable for the loss of any Collateral in its possession, nor shall such loss diminish Borrower's ’s Obligations.

Appears in 2 contracts

Samples: Export Loan Agreement (Fuelcell Energy Inc), Fast Trackexport Loan Agreement (Energy Conversion Devices Inc)

Loss of Collateral. The Lender shall not be liable for the any loss of any Collateral in its possession, nor shall such loss diminish Borrower's Obligationsthe debt due, unless the loss is caused by the Lender’s gross negligence or willful misconduct.

Appears in 1 contract

Samples: Loan and Security Agreement (Univec Inc)

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Loss of Collateral. Lender shall not be liable for the loss of any Collateral in its possession, nor shall such loss diminish Borrower's Borrowers' Obligations.

Appears in 1 contract

Samples: Export Loan Agreement (Usdata Corp)

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