Common use of Agent Has No Duty Clause in Contracts

Agent Has No Duty. The powers conferred on the 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 as provided in Section 5.1 and except for accounting for ----------- moneys actually received by it hereunder, the Agent shall have no duty as to any Pledged Collateral or responsibility for taking any necessary steps to preserve rights against prior parties or any other rights pertaining to any Pledged Collateral except as otherwise required by the U.C.C.

Agent Has No Duty. The powers conferred on the 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 as provided in Section 5.1 and except for accounting for ----------- moneys actually received by it hereunder, the Agent shall have no duty as to any Pledged Collateral or responsibility for taking any necessary steps to preserve rights against prior parties or any other rights pertaining to any Pledged Collateral except as otherwise required by the U.C.C.

Agent Has No Duty. The powers conferred on the Agent ----------------- hereunder are solely to protect its interest (on behalf of the Secured Parties) ' interest in the Pledged Collateral and shall not impose any duty on upon it to exercise any such powers. Except as provided in Section 5.1 and except for accounting for ----------- moneys actually received duties imposed by it hereunderthe U.C.C. upon secured creditors (unless otherwise modified hereby), the Agent and the other Secured Parties shall have no duty as to any Pledged Collateral or responsibility for taking any necessary steps to preserve rights against 119 prior parties or any other rights pertaining to any Pledged Collateral except as otherwise required by the U.C.C.Collateral.

Agent Has No Duty. The powers conferred on the 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 as provided in Section 5.1 and except for accounting for ----------- moneys actually received by it hereunder, the Agent shall have no duty as to any Pledged Collateral or responsibility for taking any necessary steps to preserve rights against prior parties or any other rights pertaining to any Pledged Collateral except as otherwise required by the U.C.C.

Agent Has No Duty. The powers conferred on the Agent ----------------- hereunder are solely to protect its interest (on behalf of the Secured PartiesBanks and the Co-Agents) 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 accounting for ----------- moneys actually received duties imposed by it hereunderthe U.C.C. upon secured creditors (unless otherwise modified hereby), the Agent shall have no duty as to any Pledged Collateral or responsibility for taking any necessary steps to preserve rights against prior parties or any other rights pertaining to any Pledged Collateral except as otherwise required by the U.C.C.Collateral.

Agent Has No Duty. The powers conferred on the 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 as provided in Section 5.1 ss.5.1 and except for accounting for ----------- moneys actually received by it hereunder, the Agent shall have no duty as to any Pledged Collateral or responsibility for taking any necessary steps to preserve rights against prior parties or any other rights pertaining to any Pledged Collateral except as otherwise required by the U.C.C.