Agent Has No Duty. In addition to, and not in limitation of, Section 2.4, the powers conferred on the Agent hereunder are solely to protect its interest (on behalf of the 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 Agent shall have no duty as to any Collateral or as to the taking of any necessary steps to preserve rights against prior parties or any other rights pertaining to any Collateral.
Appears in 4 contracts
Samples: Pledge Agreement (Novamed Inc), Pledge Agreement (Novamed Inc), Assignment and Security Agreement (Calpine Corp)
Agent Has No Duty. In addition to, and not in limitation of, Section 2.4, the powers conferred on the Agent hereunder are solely to protect its interest their interests (on behalf of the 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 Agent shall not have no any duty as to any Collateral or as to the taking of any necessary steps to preserve rights against prior parties or any other rights pertaining to any Collateral.
Appears in 4 contracts
Samples: Security Agreement (Packaged Ice Inc), Security Agreement (Packaged Ice Inc), Security Agreement (Packaged Ice Inc)
Agent Has No Duty. In addition to, and not in limitation of, Section 2.4, the The powers conferred on the Agent hereunder are solely to protect its the Secured Parties' interest (on behalf of the Lender Parties) in the Collateral and shall not impose any duty on upon it to exercise any such powers. Except for reasonable care of any Collateral in its possession and duties imposed by the accounting for moneys actually received by it hereunderU.C.C. upon secured creditors (unless otherwise modified hereby), the Agent and the other Secured Parties shall have no duty as to any Collateral or as to the responsibility for taking of any necessary steps to preserve rights against prior parties or any other rights pertaining to any Collateral.
Appears in 3 contracts
Samples: Credit Agreement (Delta Beverage Group Inc), Credit Agreement (Windmere Durable Holdings Inc), Security Agreement Accounts and Inventory (Delta Beverage Group Inc)
Agent Has No Duty. In addition to, and not in limitation of, Section 2.4, the The powers conferred on the Agent hereunder are solely to protect its interest (on behalf of the 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 Agent shall have no duty as to any Collateral or as to the taking of any necessary steps to preserve rights against prior parties or any other rights pertaining to any Collateral.responsibility for
Appears in 3 contracts
Samples: Valley Forge Pledge Agreement (Key Components LLC), Pledge Agreement (Key Components LLC), Pledge Agreement (Key Components Finance Corp)
Agent Has No Duty. In addition to, and not in limitation of, Section 2.42.5, the powers conferred on the Agent hereunder are solely to protect its interest (on behalf of the 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 Agent shall have no duty as to any Collateral or as 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 (Key Components Finance Corp), Security Agreement (Key Components Finance Corp)
Agent Has No Duty. In addition to, and not in limitation of, Section SECTION 2.4, the powers conferred on the Agent hereunder are solely to protect its interest (on behalf of the 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 Agent shall have no duty as to any Collateral or as 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: Subsidiary Security Agreement (Aristotle Corp), Credit Agreement (Aristotle Corp)
Agent Has No Duty. In addition to, and not in limitation of, Section 2.4, the powers conferred on the Agent hereunder are solely to protect its interest their interests (on behalf of the Lender PartiesBanks) 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 Agent shall not have no any duty as to any Collateral or as 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 (Lancer Corp /Tx/), Security Agreement (Lancer Corp /Tx/)
Agent Has No Duty. In addition to, and not in limitation of, Section 2.4, the The powers conferred on the Agent hereunder are solely to protect its interest (on behalf of the Lender 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 Agent shall have no duty as to any Collateral or as to the taking of any necessary steps to preserve rights against prior parties or any other rights pertaining to any Collateral.responsibility for:
Appears in 2 contracts
Samples: Security Agreement (Empire Resources Inc /New/), Security Agreement (Empire Resources Inc /New/)
Agent Has No Duty. In addition to, and not in limitation of, Section 2.4SECTION 2.5, the powers conferred on the Agent hereunder are solely to protect its interest (on behalf of the 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 Agent shall have no duty as to any Collateral or as 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)
Agent Has No Duty. In addition to, and not in limitation of, Section 2.4, the The powers conferred on the Agent hereunder are solely to protect its interest (on behalf of the Lender 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 Agent shall have no duty as to any Collateral or as to the taking of any necessary steps to preserve rights against prior parties or any other rights pertaining to any Collateral.responsibility for
Appears in 1 contract
Agent Has No Duty. In addition to, and not in limitation of, ----------------- Section 2.4, the powers conferred on the Agent hereunder are solely to protect ----------- its interest (on behalf of the 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 Agent shall have no duty as to any Collateral or as 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: Security Agreement (Aristotle Corp)
Agent Has No Duty. In addition to, and not in limitation of, Section 2.4, the The powers conferred on the Agent hereunder are solely to protect its interest (on behalf of the 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 Agent shall have no duty as to any Collateral or as to the taking of any necessary steps to preserve rights against prior parties or any other rights pertaining to any Collateral.responsibility for:
Appears in 1 contract
Samples: Pledge Agreement
Agent Has No Duty. In addition to, and not in limitation of, Section 2.4, the The powers conferred on the Agent ----------------- hereunder are solely to protect its interest (on behalf of the Lender 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 Agent shall have no duty as to any Collateral or as to the taking of any necessary steps to preserve rights against prior parties or any other rights pertaining to any Collateral.responsibility for
Appears in 1 contract
Agent Has No Duty. In addition to, and not in limitation of, Section 2.4, the The powers conferred on the Agent hereunder are solely to protect its interest (on behalf of the Lender Secured Parties) in the Pledged Collateral and shall not impose any duty on it to exercise any such powers. Except as provided in 5.1 and except for reasonable care of any Collateral in its possession and the accounting for moneys actually received by it hereunder, the Agent shall have no duty as to any Pledged Collateral or as to the responsibility for taking of any necessary steps to preserve rights against prior parties or any other rights pertaining to any Collateral.Pledged Collateral except as otherwise required by the U.C.C.
Appears in 1 contract
Samples: Pledge of Membership Interests Agreement (Allbritton Communications Co)
Agent Has No Duty. In addition to, and not in limitation of, Section SECTION 2.4, the powers conferred on the Agent hereunder are solely to protect its interest (on behalf of the Lender 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 Agent shall have no duty as to any Collateral or as 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: Country Trademark Serial No (Leiner Health Products Inc)
Agent Has No Duty. In addition to, and not in limitation of, Section 2.4, the The powers conferred on the Agent hereunder are solely to protect its the Secured Parties' interest (on behalf of the Lender Parties) in the Collateral and shall not impose any duty on upon it to exercise any such powers. Except for reasonable care of any Collateral in its possession and duties imposed by the accounting for moneys actually received by it hereunderU.C.C. upon secured creditors (unless otherwise modified hereby), the Agent and the other Secured Parties shall have no duty as to any Collateral or as to the responsibility for taking of any necessary steps to preserve rights against 119 prior parties or any other rights pertaining to any Collateral.
Appears in 1 contract
Agent Has No Duty. In addition to, and not in limitation of, Section 2.4, the The powers conferred on the Agent hereunder are solely to protect its interest (on behalf of the Lender PartiesBanks and the Co-Agents) in the Pledged 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 duties imposed by the accounting for moneys actually received by it hereunderU.C.C. upon secured creditors (unless otherwise modified hereby), the Agent shall have no duty as to any Pledged Collateral or as to the responsibility for taking of any necessary steps to preserve rights against prior parties or any other rights pertaining to any Pledged Collateral.
Appears in 1 contract
Samples: Borrower Stock Pledge Agreement (Connectivity Technologies Inc)
Agent Has No Duty. In addition to, and not in limitation of, Section 2.4, the powers conferred on the Agent hereunder are solely to protect its Agent's interest (on behalf of the Lender 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 Agent shall not have no any duty as to any Collateral or as to the taking of any necessary steps to preserve rights against prior parties or any other rights pertaining to any Collateral. SECTION 5.4.
Appears in 1 contract
Agent Has No Duty. In addition to, and not in limitation of, Section 2.4, the The powers conferred on the Agent hereunder are solely to protect its interest (on behalf of the Lender Secured Parties) in the Pledged Collateral and shall not impose any duty on it to exercise any such powers. Except as provided in Section 5.1 and except for reasonable care of any Collateral in its possession and the accounting for moneys actually received by it hereunder, the Agent shall have no duty as to any Pledged Collateral or as to the responsibility for taking of any necessary steps to preserve rights against prior parties or any other rights pertaining to any Collateral.Pledged Collateral except as otherwise required by the U.C.C.
Appears in 1 contract
