Common use of Absence of Duty Clause in Contracts

Absence of Duty. Agent shall have no obligation whatsoever to any Purchaser or any other Person to assure that the property covered by this Agreement or the Note Documents exists or is owned by any Note Party or is cared for, protected or insured or has been encumbered or that the Liens granted to Agent on behalf of Agent and Purchasers herein or pursuant hereto have been properly or sufficiently or lawfully created, perfected, protected or enforced or are entitled to any particular priority, or to exercise at all or in any particular manner or under any duty of care, disclosure or fidelity, or to continue exercising, any of the rights, authorities and powers granted or available to Agent in this Agreement or in any of the other Note Documents.

Absence of Duty. No Agent shall have no any obligation whatsoever to any Purchaser other Agent, any Lender or any other Person to assure that the property covered by this Agreement or the Note Loan Documents exists or is owned by any Note Party Borrower or is cared for, protected or insured or has been encumbered or that the Liens granted to Collateral Agent on behalf of Agent Agents and Purchasers Lenders herein or pursuant hereto have been properly or sufficiently or lawfully created, perfected, protected or enforced or are entitled to any particular priority, or to exercise at all or in any particular manner or under any duty of care, disclosure or fidelity, or to continue exercising, any of the rights, authorities and powers granted or available to any Agent in this Agreement or in any of the other Note Loan Documents., it being understood and agreed that in respect of the property covered by this Agreement or the Loan Documents or any