Administrative Agent Has No Duty. The powers conferred on the Administrative Agent hereunder are solely to protect its interest (on behalf of the Secured Parties) in the Collateral and shall not impose any duty on it to exercise any such powers. Except for reasonable care of any Collateral in its possession and the accounting for moneys actually received by it hereunder, the Administrative Agent shall have no duty as to any Collateral or responsibility for
Appears in 24 contracts
Samples: Credit Agreement (Medidata Solutions, Inc.), Assignment and Assumption (Kofax LTD), Credit Agreement (Sabre Industries, Inc.)
Administrative Agent Has No Duty. The powers conferred on the Administrative Agent hereunder are solely to protect its interest (on behalf of the Secured Parties) in the Pledged Collateral and shall not impose any duty on it to exercise any such powers. Except for reasonable care of any Pledged Collateral in its possession and the accounting for moneys actually received by it hereunder, the Administrative Agent shall have no duty as to any Pledged Collateral or responsibility forfor taking any necessary steps to preserve rights against prior parties or any other rights pertaining to any Pledged Collateral.
Appears in 15 contracts
Samples: Credit Agreement (Berry Petroleum Corp), Credit Agreement (Berry Petroleum Corp), Credit Agreement (Jagged Peak Energy Inc.)
Administrative Agent Has No Duty. The powers conferred on the Administrative Agent hereunder are solely to protect its interest (on behalf of the Secured Parties) in the Collateral and shall not impose any duty on it to exercise any such powers. Except for reasonable care of any Collateral in its possession and the accounting for moneys actually received by it hereunder, the Administrative Agent shall have no duty as to any Collateral or responsibility forfor taking any necessary steps to preserve rights against prior parties or any other rights pertaining to any Collateral.
Appears in 15 contracts
Samples: Credit Agreement (Berry Petroleum Corp), Security Agreement (Berry Petroleum Corp), Credit Agreement (Berry Petroleum Corp)
Administrative Agent Has No Duty. The In addition to, and not in limitation of, Section 2.4, the powers conferred on the Administrative Agent hereunder are solely to protect its interest (on behalf of the Secured Parties) in the Collateral and shall not impose any duty on it to exercise any such powers. Except for reasonable care of any Collateral in its possession and the accounting for moneys actually received by it hereunder, the Administrative Agent shall have no duty as to any Collateral or responsibility foras to the taking of any necessary steps to preserve rights against prior parties or any other rights pertaining to any Collateral.
Appears in 11 contracts
Samples: Security Agreement, Security Agreement (Titan Corp), Security Agreement (Titan Corp)
Administrative Agent Has No Duty. The powers conferred on the Administrative Agent hereunder are solely to protect its interest (on behalf of the Secured Parties) in the Collateral and shall not impose any duty on it to exercise any such powers. Except for reasonable care of any Collateral in its possession and the accounting for moneys actually received by it hereunder, the Administrative Agent shall have no duty as to any Collateral or responsibility for:
Appears in 8 contracts
Samples: Credit Agreement (CBL & Associates Properties Inc), Pledge Agreement (Monster Worldwide, Inc.), Pledge Agreement (Monster Worldwide, Inc.)
Administrative Agent Has No Duty. The rights and powers conferred on the upon Administrative Agent hereunder are solely to protect its Administrative Agent's and each Lender's interest (on behalf of the Secured Parties) in the Collateral and shall do not impose any duty on it Administrative Agent to exercise any such rights or powers. Except for reasonable care of any Collateral in its Administrative Agent's possession and the accounting for moneys actually received by it hereunder, the Administrative Agent shall have has no duty as to any Collateral or responsibility foras to the taking of any necessary steps to preserve rights against prior parties or any other rights pertaining to any Collateral.
Appears in 6 contracts
Samples: Security and Pledge Agreement (Integrity Media Inc), Master Security Agreement (Bizness Online Com), Security and Pledge Agreement (Integrity Media Inc)
Administrative Agent Has No Duty. The powers conferred on the Administrative Agent hereunder are solely to protect its interest (on behalf of the Fixed Assets Secured Parties) in the Collateral and shall not impose any duty on it to exercise any such powers. Except for reasonable care of any Collateral in its possession and the accounting for moneys actually received by it hereunder, the Administrative Agent shall have no duty as to any Collateral or responsibility for
Appears in 4 contracts
Samples: Obligor Pledge Agreement (Sterling Chemical Inc), Parent Pledge Agreement (Sterling Chemical Inc), Pledge Agreement (Sterling Chemical Inc)
Administrative Agent Has No Duty. The powers conferred on the Administrative Agent hereunder are solely to protect its interest (on behalf for its benefit and the ratable benefit of the Secured Parties) in the Collateral and shall not impose any duty on it to exercise any such powers. Except for reasonable care of any Collateral in its possession and the accounting for moneys actually received by it hereunder, the Administrative Agent and the Secured Parties shall have no duty as to any Collateral or responsibility forfor taking any necessary steps to preserve rights against prior parties or any other rights pertaining to any Collateral.
Appears in 4 contracts
Samples: Pledge Agreement (Quintana Energy Services Inc.), Pledge Agreement (Quintana Energy Services Inc.), Pledge Agreement (Quintana Energy Services Inc.)
Administrative Agent Has No Duty. The powers conferred on the Administrative Agent hereunder are solely to protect its interest (on behalf of the Secured Lender Parties) in the Collateral and shall not impose any duty on it to exercise any such powers. Except for reasonable care of any Collateral in its possession and the accounting for moneys actually received by it hereunder, the Administrative Agent shall have no duty as to any Collateral or responsibility for
Appears in 3 contracts
Samples: Borrower Pledge Agreement (Key Components LLC), Subsidiary Pledge Agreement (Key Components LLC), Parent Pledge Agreement (Key Components LLC)
Administrative Agent Has No Duty. The In addition to, and not in -------------------------------- limitation of, Section 2.4, the powers conferred on the Administrative Agent ----------- hereunder are solely to protect its Administrative Agent's interest (on behalf of the Secured Parties) in the Collateral and shall not impose any duty on it to exercise any such powers. Except for the reasonable care of any Collateral in its possession and the accounting for moneys actually received by it hereunder, the Administrative Agent shall not have no any duty as to any Collateral or responsibility foras to the taking of any necessary steps to preserve rights against prior parties or any other rights pertaining to any Collateral.
Appears in 3 contracts
Samples: Participation Agreement (Electric Lightwave Inc), Participation Agreement (Electric Lightwave Inc), Participation Agreement (Electric Lightwave Inc)
Administrative Agent Has No Duty. The In addition to, and not in limitation of, Section 2.4, the powers conferred on the Administrative Agent hereunder are solely to protect its interest (on behalf of the Secured Lender Parties) in the Collateral and shall not impose any duty on it to exercise any such powers. Except for reasonable care of any Collateral in its possession and the accounting for moneys actually received by it hereunder, the Administrative Agent shall have no duty as to any Collateral or responsibility foras to the taking of any necessary steps to preserve rights against prior parties or any other rights pertaining to any Collateral.
Appears in 3 contracts
Samples: Security Agreement (Pasta Group L L C), Security Agreement (Wilson Greatbatch Technologies Inc), Security Agreement (Pasta Group L L C)
Administrative Agent Has No Duty. The powers conferred on the Administrative Agent hereunder are solely to protect its interest (on behalf of the Secured Parties) in the Collateral and shall not impose any duty on it to exercise any such powers. Except for reasonable care of any Collateral in its possession and the accounting for moneys actually received by it hereunder, the Administrative Agent shall have no duty as to any Collateral or responsibility for:
Appears in 3 contracts
Samples: Pledge and Security Agreement (MDxHealth SA), Pledge and Security Agreement (Verrica Pharmaceuticals Inc.), Pledge and Security Agreement (AVITA Medical, Inc.)
Administrative Agent Has No Duty. The powers conferred on the Administrative Agent hereunder are solely to protect its interest (on behalf of the Secured Parties) in the Collateral and shall not impose any duty on it to exercise any of such powers. Except for reasonable care of any Collateral in its possession and the accounting for moneys actually received by it hereunder, the Administrative Agent shall have no duty as to any Collateral or responsibility for:
Appears in 3 contracts
Samples: Pledge and Security Agreement (GENTHERM Inc), Pledge and Security Agreement (GENTHERM Inc), Pledge and Security Agreement (GENTHERM Inc)
Administrative Agent Has No Duty. The powers conferred on the Administrative Agent hereunder are solely to protect its interest interests (on behalf of the Secured Parties) in the Collateral and shall not impose any duty on it to exercise any such powers. Except for reasonable care of any Collateral in its their possession and the accounting for moneys actually received by it hereunder, the Administrative Agent shall have no duty as to any Collateral or responsibility for
Appears in 2 contracts
Samples: Subsidiary Pledge Agreement (Titan Corp), Credit Agreement (Titan Corp)
Administrative Agent Has No Duty. The powers conferred on the Administrative Agent hereunder are solely to protect its interest (on behalf of the Fixed Assets Secured Parties) in the Collateral and shall not impose any duty on it to exercise any such powers. Except for reasonable care of any Collateral in its possession and the accounting for moneys actually received by it hereunder, the Administrative Agent shall have no duty as to any Collateral or responsibility for:
Appears in 2 contracts
Samples: Security Agreement (Sterling Chemical Inc), Security Agreement (Sterling Chemical Inc)
Administrative Agent Has No Duty. The powers conferred on the Administrative Agent hereunder are solely to protect its interest interests (on behalf of the Secured Parties) in the Collateral and shall not impose any duty on it to exercise any such powers. Except for reasonable care of any Collateral in its possession and the accounting for moneys actually received by it hereunder, the Administrative Agent shall have no duty as to any Collateral or responsibility for
Appears in 2 contracts
Samples: Borrower Pledge Agreement (Titan Corp), Credit Agreement (Titan Corp)
Administrative Agent Has No Duty. The rights and powers conferred on the upon Administrative Agent hereunder are solely to protect its Administrative Agent’s and each Lender’s interest (on behalf of the Secured Parties) in the Collateral and shall do not impose any duty on it Administrative Agent to exercise any such rights or powers. Except for reasonable care of any Collateral in its Administrative Agent’s possession in accordance with Section 4.4 and the accounting for moneys actually received by it hereunder, the Administrative Agent shall have has no duty as to any Collateral or responsibility foras to the taking of any necessary steps to preserve rights against prior parties or any other rights pertaining to any Collateral.
Appears in 2 contracts
Samples: Security Agreement (Altitude International Holdings, Inc.), Security Agreement (Blackboxstocks Inc.)
Administrative Agent Has No Duty. The In addition to, and not in limitation of, Section 2.5, the powers conferred on the Administrative Agent hereunder are solely to protect its interest (on behalf of the Secured Lender Parties) in the Collateral and shall not impose any duty on it to exercise any such powers. Except for reasonable care of any Collateral in its possession and the accounting for moneys actually received by it hereunder, the Administrative Agent shall have no duty as to any Collateral or responsibility foras to the taking of any necessary steps to preserve rights against prior parties or any other rights pertaining to any Collateral.
Appears in 2 contracts
Samples: Guarantor Security Agreement (Key Components LLC), Borrower Security Agreement (Key Components LLC)
Administrative Agent Has No Duty. The In addition to, and not in limitation of, Section 2.6, the powers conferred on the Administrative Agent hereunder are solely to protect its interest (on behalf of the Secured Parties) in the Collateral and shall not impose any duty on it to exercise any such powers. Except for reasonable care of any Collateral in its possession and the accounting for moneys actually received by it hereunder, the Administrative Agent shall have no duty as to any Collateral or responsibility for
Appears in 2 contracts
Samples: Subsidiary Security and Pledge Agreement (Nextel Partners Inc), Borrower Security and Pledge Agreement (Nextel Partners Inc)
Administrative Agent Has No Duty. The powers conferred on the Administrative Agent hereunder are solely to protect its interest (on behalf of the Secured Parties) in the Collateral and shall not impose any duty on it to exercise any such powers. Except for reasonable care of any Collateral in its possession and the accounting for moneys actually received by it hereunder, the Administrative Agent shall have no duty as to any Collateral or responsibility forfor taking any necessary steps to preserve rights against prior parties or any other rights pertaining to any Collateral.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Carbo Ceramics Inc), Security Agreement (Carbo Ceramics Inc)
Administrative Agent Has No Duty. The powers conferred on the Administrative Agent hereunder are solely to protect its interest (on behalf of the Current Assets Secured Parties) in the Collateral and shall not impose any duty on it to exercise any such powers. Except for reasonable care of any Collateral in its possession and the accounting for moneys actually received by it hereunder, the Administrative Agent shall have no duty as to any Collateral or responsibility forsuch
Appears in 1 contract
Administrative Agent Has No Duty. The powers conferred on the Administrative Agent administrative agent hereunder are solely to protect its interest (on behalf of the Secured Parties) in the Collateral collateral and shall not impose any duty on it to exercise any such powers. Except for reasonable care of any Collateral collateral in its possession and the accounting for moneys actually received by it hereunder, the Administrative Agent administrative agent shall have no duty as to any Collateral collateral or responsibility forfor taking any necessary steps to preserve rights against prior parties or any other rights pertaining to any collateral.
Appears in 1 contract
Samples: Subordinated Credit Agreement (Cano Petroleum, Inc)
Administrative Agent Has No Duty. The In addition to, and not in limitation of, Section 2.4 the powers conferred on the Administrative Agent hereunder are solely to protect its interest (on behalf of the Secured Parties) in the Collateral and shall not impose any duty on it to exercise any such powers. Except for reasonable care of any Collateral in its possession and the accounting for moneys actually received by it hereunder, the Administrative Agent shall have no duty as to any Collateral or responsibility foras to the taking of any necessary steps to preserve rights against prior parties or any other rights pertaining to any Collateral.
Appears in 1 contract
Samples: Assignment and Security Agreement (Nextel Partners Inc)
Administrative Agent Has No Duty. The powers conferred on the Administrative Agent hereunder are solely to protect its interest (on behalf of the Secured Parties) in the Collateral and shall not impose any duty on it to exercise any such powers. Except for reasonable care of any Collateral in its possession and possession, the accounting for moneys actually received by it hereunderhereunder and any other duties of a secured party provided in the UCC, the Administrative Agent shall have no duty as to any Collateral or responsibility for
Appears in 1 contract
Administrative Agent Has No Duty. The powers conferred on the Administrative Agent hereunder are solely to protect its interest (on behalf of the Current Assets Secured Parties) in the Collateral and shall not impose any duty on it to exercise any such powers. Except for reasonable care of any Collateral in its possession and the accounting for 11 12 moneys actually received by it hereunder, the Administrative Agent shall have no duty as to any Collateral or responsibility for
Appears in 1 contract
Samples: Sterling Chemical Inc
Administrative Agent Has No Duty. The powers conferred on the Administrative Agent hereunder are solely to protect its interest (on behalf of the Secured Parties) in the Collateral and shall not impose any duty on it to exercise any such powers. Except for reasonable care of any Collateral in its possession and the accounting for moneys actually received by it hereunder, the Administrative Agent shall have no duty as to any Collateral or responsibility forfor taking any necessary steps to preserve rights against prior parties or any other rights pertaining to any Collateral. Section 15.
Appears in 1 contract
Administrative Agent Has No Duty. The powers conferred on the Administrative Agent hereunder are solely to protect its interest (on behalf of the Secured Parties) in the Security Agreement Collateral and shall not impose any duty on upon it to exercise any such powers. Except for reasonable care of any Collateral as provided in its possession and Section 2.5, the accounting for moneys actually received by it hereunderhereunder and other duties imposed by the UCC upon Secured Parties (unless otherwise modified hereby), the Administrative Agent shall have no duty as to any Security Agreement Collateral or responsibility forfor taking any necessary steps to preserve rights against prior parties or any other rights pertaining to any Security Agreement Collateral.
Appears in 1 contract
Administrative Agent Has No Duty. The powers conferred on the Administrative Agent hereunder are solely to protect its interest (on behalf of the Secured Parties) in the Collateral and shall not impose any duty on it to exercise any such powers. Except for reasonable care of any Collateral in its possession and the accounting for moneys U.S. Pledge Agreement actually received by it hereunder, the Administrative Agent shall have no duty as to any Collateral or responsibility for
Appears in 1 contract
Administrative Agent Has No Duty. The powers conferred on the Administrative Agent hereunder are solely to protect its interest (on behalf of interest, as the Secured Parties) secured party, in the Collateral and shall not impose any duty on it to exercise any such powers. Except for reasonable care of any Collateral in its possession and the accounting for moneys actually received by it hereunder, the Administrative Agent shall have no duty as to any Collateral or responsibility forfor taking any necessary steps to preserve rights against prior parties or any other rights pertaining to any Collateral.
Appears in 1 contract
Administrative Agent Has No Duty. The powers conferred on the Administrative Agent hereunder are solely to protect its interest (on behalf of the Current Assets Secured Parties) in the Collateral and shall not impose any duty on it to exercise any such powers. Except for reasonable care of any Collateral in its possession and the accounting for moneys actually received by it hereunder, the Administrative Agent shall have no duty as to any Collateral or responsibility for:
Appears in 1 contract
Administrative Agent Has No Duty. The powers conferred on the Administrative Agent hereunder are solely to protect its interest (on behalf of the Secured Parties) in the Pledged Collateral and shall not impose any duty on it to exercise any such powers. Except for reasonable care of any Pledged Collateral in its possession and the accounting for moneys actually received by it hereunder, the Administrative Agent shall have no duty as to any Pledged Collateral or responsibility forfor taking any necessary steps to preserve rights against prior parties or any other rights pertaining to any Pledged Collateral. 6.04.
Appears in 1 contract
Administrative Agent Has No Duty. The powers conferred on the Administrative Agent hereunder are solely to protect its interest (on behalf of the Current Assets Secured Parties) in the Collateral and shall not impose any duty on it to exercise any such powers. Except for reasonable care of any Collateral in its possession and the accounting for moneys actually received by it hereunder, the Administrative Agent shall have no duty as to any Collateral or responsibility for
Appears in 1 contract
Administrative Agent Has No Duty. The powers conferred on the Administrative Agent hereunder are solely to protect its interest (on behalf of the Secured Parties) in the Collateral and shall not impose any duty on it to exercise any such powers. Except for reasonable care of any Collateral in its possession and the accounting for moneys actually received by it hereunder, the Administrative Agent shall have no duty as to any Collateral or responsibility forfor taking any necessary steps to preserve rights against prior parties or any other rights pertaining to any Collateral. Exhibit G - Form of Security Agreement
Appears in 1 contract
Samples: Credit Agreement (Three Forks, Inc.)
Administrative Agent Has No Duty. The In addition to, and not in limitation of, Section 2.4, the powers conferred on the Administrative Agent hereunder are solely to protect its Administrative Agent's interest (on behalf of the Secured PartiesLenders) in the Collateral and shall not impose any duty on it to exercise any such powers. Except for the reasonable care of any Collateral in its possession and the accounting for moneys actually received by it hereunder, the Administrative Agent shall not have no any duty as to any Collateral or responsibility foras to the taking of any necessary steps to preserve rights against prior parties or any other rights pertaining to any Collateral.
Appears in 1 contract
Samples: Participation Agreement (HCS Ii Inc)
Administrative Agent Has No Duty. The powers conferred on the Administrative Agent hereunder are solely to protect its interest (on behalf of the Secured Parties) as a secured party in the Pledged Collateral and shall not impose any duty on it to exercise any such powers. Except for reasonable care of any Pledged Collateral in its possession and the accounting for moneys actually received by it hereunder, the Administrative Agent shall have no duty as to any Pledged Collateral or responsibility forfor taking any necessary steps to preserve rights against prior parties or any other rights pertaining to any Pledged Collateral.
Appears in 1 contract
