Duties with Respect to Collateral. With respect to the Collateral, the Secured Party shall be under no duty to send notices, perform services, pay for insurance, taxes or other charges or take any action of any kind in connection with the management thereof and its only duty with respect thereto shall be to use reasonable care in its custody and preservation while in its possession, which shall not include any steps necessary to preserve rights against prior parties.
Duties with Respect to Collateral. Versant shall have no duty to the Company with respect to the Collateral other than the duty to use reasonable care in the safe custody of any of the Collateral in its possession. Without limiting the generality of the foregoing, Versant, although it may do so at its option, shall be under no obligation to the Company to take any steps necessary to preserve rights in the Collateral against other parties.
Duties with Respect to Collateral. The secured party shall have no duty
Duties with Respect to Collateral. Neither the Agent nor any Lender shall have any duty to the Pledgor with respect to the Pledged Securities other than the duty to use reasonable care in the safe custody of any Pledged Securities in its possession. Without limiting the generality of the foregoing, the Agent, although it may do so at its option, shall be under no obligation to the Pledgor to take any steps necessary to preserve rights in the Pledged Securities against other parties.
Duties with Respect to Collateral. SMC shall have no duty to the ---------------------------------- Company with respect to the Collateral other than the duty to use reasonable care in the safe custody of any of the Collateral in its possession. Without limiting the generality of the foregoing, SMC, although it may do so at its option, shall be under no obligation to the Company to take any steps necessary to preserve rights in the Collateral against other parties.
Duties with Respect to Collateral. A. Upon any event of default, the Secured Party shall be entitled to receive and have delivered to the Secured Party, to be held by the Secured Party under this Agreement as Collateral, all amounts paid in cash or other property as liquidating dividends or returns of capital on any interest pledged hereunder, and all subscription and other rights issued in connection therewith, and the Debtor shall immediately pledge and deposit with the Secured Party any such amounts that may come into his possession or control.
Duties with Respect to Collateral. The Bank shall have no duty to the Pledgor with respect to the Pledged Securities other than the duty to use reasonable care in the safe custody of any Pledged Securities in its possession. Without limiting the generality of the foregoing, the Bank, although it may do so at its option, shall be under no obligation to the Pledgor to take any steps necessary to preserve rights in the Pledged Securities against other parties.
Duties with Respect to Collateral. The Pledgee shall have no duty to the Pledgors or to any other Pledgee with respect to the Pledged Securities other than the duty to use reasonable care in the safe custody of any Pledged Securities in his possession.
Duties with Respect to Collateral. The Secured Party shall have no duty to the Pledgors with respect to the Pledged Securities other than the duty to use reasonable care in the safe custody of any Pledged Securities in its possession. Without limiting the generality of the foregoing, the Secured Party, although it may do so at its option, shall be under no obligation to the Pledgors to take any steps necessary to preserve rights in the Pledged Securities against other parties.
Duties with Respect to Collateral. It is expressly agreed, --------------------------------- anything herein contained to the contrary notwithstanding, that the Lender shall not have any obligations or liabilities with respect to any Personal Property Collateral by reason of or arising out of this Agreement, other than the duty to use reasonable care in the safe custody of any Personal Property Collateral in its possession, nor shall the Lender be required or obligated in any manner to perform or fulfill any of the obligations of any Debtor under or with respect to any Personal Property Collateral.
