Common use of Maintenance of the Collateral Clause in Contracts

Maintenance of the Collateral. The Borrowers will maintain the Collateral in good working order, saving and excepting ordinary wear and tear, and will not permit anything to be done to the Collateral that may materially impair the value thereof. The Lender shall not have any duty to, and the Borrowers hereby release the Lender from all claims of loss or damage caused by the delay or failure to collect or enforce any of the Receivables or to, preserve any rights against any other party with an interest in the Collateral.

Maintenance of the Collateral. The Borrowers Debtor will maintain the Collateral in good working orderthe condition purchased, saving and excepting ordinary wear and tear, and will not permit anything to be done to the Collateral that may materially impair the value thereof, taken a whole. The Lender shall not have any duty to, and the Borrowers Debtor hereby release the releases Lender from all claims of loss or damage caused by the delay or failure to collect or enforce any of the Receivables receivables of Debtor or to, preserve any rights against any other party with an interest in the Collateral.

Maintenance of the Collateral. The Borrowers Borrower will maintain the Collateral in good working orderthe condition purchased, saving and excepting ordinary wear and tear, and will not permit anything to be done to the Collateral that may materially impair the value thereof, taken as a whole. The Lender shall not have any duty to, and the Borrowers Borrower hereby release the releases Lender from all claims of loss or damage caused by the delay or failure to collect or enforce any of the Receivables or to, preserve any rights against any other party with an interest in the Collateral.