No Obligation to Invest Sample Clauses

No Obligation to Invest. Except as provided in Section 7.05, the Equity Contract Agent shall not be obligated to invest any cash Collateral pledged to or held by it or any cash proceeds of any Collateral, and shall have no liability or responsibility for any loss or diminution of value whatsoever in connection with any Collateral or any such cash proceeds.
AutoNDA by SimpleDocs
No Obligation to Invest. The Agent will have no obligation to invest any funds in its possession.
No Obligation to Invest. The Custodian shall not be under any obligation to invest or pay interest on amounts held in the Assigned PPA Payments Account from time to time.
No Obligation to Invest. An Investor has no obligation to invest in any Investment Mandate.
No Obligation to Invest. The Trustee shall be under no obligation to generate or produce, or have any liability for, interest or other income on any monies received by the Trust and held for distribution or payment to the Beneficiaries, except as such interest or income shall be actually received by the Trustee.
No Obligation to Invest. The Disbursement Agent shall not be under any duty to give the funds held by it hereunder any greater degree of care than it gives its own similar property and shall not be required to invest any funds held hereunder except as directed in this Agreement. Uninvested funds held hereunder shall not earn or accrue interest.

Related to No Obligation to Invest

  • No Obligation Notwithstanding the foregoing, the Company shall have no obligation to obtain or maintain any director and officer insurance policy if the Company determines in good faith that such insurance is not reasonably available in the case that (i) premium costs for such insurance are disproportionate to the amount of coverage provided, or (ii) the coverage provided by such insurance is limited by exclusions so as to provide an insufficient benefit.

Time is Money Join Law Insider Premium to draft better contracts faster.