Agent’s Duties. Notwithstanding any provision contained in -------------- this Agreement, the Agent shall have no duty to exercise any of the rights, privileges or powers afforded to it and shall not be responsible to the Guarantor or any other Person for any failure to do so or delay in doing so. Beyond the exercise of reasonable care to assure the safe custody of Collateral in the Agent's possession and the accounting for moneys actually received by the Agent hereunder, the Agent shall have no duty or liability to exercise or preserve any rights, privileges or powers pertaining to the Collateral.
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Samples: Security Agreement (Micron Technology Inc), Security Agreement (Micron Technology Inc)
Agent’s Duties. Notwithstanding any provision contained in -------------- this Agreement, the Agent shall have no duty to exercise any of the rights, privileges or powers afforded to it and shall not be responsible to the Guarantor Company or any other Person for any failure to do so or delay in doing so. Beyond the exercise of reasonable care to assure the safe custody of Collateral in the Agent's possession and the accounting for moneys actually received by the Agent hereunder, the Agent shall have no duty or liability to exercise or preserve any rights, privileges or powers pertaining to the Collateral.
Appears in 2 contracts
Samples: Security Agreement (Micron Technology Inc), Security Agreement (Micron Technology Inc)
Agent’s Duties. Notwithstanding any provision contained in -------------- this Agreement, the Agent shall have no duty to exercise any of the rights, privileges or powers afforded to it and shall not be responsible to the Guarantor Grantors or any other Person for any failure to do so or delay in doing so. Beyond the exercise of reasonable care to assure the safe custody of Collateral in the Agent's possession and the accounting for moneys actually received by the Agent hereunder, the Agent shall have no duty or liability to exercise or preserve any rights, privileges privileges, or powers pertaining to the Collateral.
Appears in 2 contracts
Samples: Security Agreement (Hispanic Express Inc), Security Agreement (Central Financial Acceptance Corp)
Agent’s Duties. Notwithstanding any provision contained in -------------- this Agreement, the Agent shall have no duty to exercise any of the rights, privileges or powers afforded to it and shall not be responsible to the Guarantor Grantors or any other Person for any failure to do so or delay in doing so. Beyond the exercise of reasonable care to assure the safe custody of Collateral in the Agent's possession and Except for the accounting for moneys actually received by the Agent hereunderhereunder or in connection herewith, the Agent shall have no duty or liability to exercise or preserve any rights, privileges or powers pertaining to the Intellectual Property Collateral.
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Agent’s Duties. Notwithstanding any provision contained in -------------- this Agreement, but subject to the following sentence, the Agent shall have no duty to exercise any of the rights, privileges or powers afforded to it and shall not be responsible to the Guarantor any Grantor or any other Person for any failure to do so or delay in doing so. Beyond the exercise of reasonable care to assure the safe custody of Collateral in the Agent's possession and the accounting for moneys actually received by the Agent hereunder, the Agent shall have no duty or liability to exercise or preserve any rights, privileges or powers pertaining to the Collateral.
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Agent’s Duties. Notwithstanding any provision -------------- contained in -------------- this Agreement, the Agent shall have no duty to exercise any of the rights, privileges or powers afforded to it and shall not be responsible to the Guarantor any Grantor or any other Person for any failure to do so or delay in doing so. Beyond the exercise of reasonable care to assure the safe custody of Collateral in the Agent's possession and the accounting for moneys actually received by the Agent hereunder, the Agent shall have no duty or liability to exercise or preserve any rights, privileges or powers pertaining to the Collateral.
Appears in 1 contract
Samples: Security Agreement (Mail Well Inc)
Agent’s Duties. Notwithstanding any provision contained in -------------- this Agreement, the Agent shall have no duty to exercise any of the rights, privileges or powers afforded to it and shall not be responsible to the Guarantor Borrower or any other Person for any failure to do so or delay in doing so. Beyond the exercise of reasonable care to assure the safe custody of Collateral in the Agent's possession and the accounting for moneys actually received by the Agent hereunder, the Agent shall have no duty or liability to exercise or preserve any rights, privileges or powers pertaining to the Collateral.
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Agent’s Duties. Notwithstanding any provision contained in -------------- this Agreement, the Agent shall have no duty to exercise any of the rights, privileges or powers afforded to it and shall not be responsible to the Guarantor Borrower or any other Person for any failure to do so or delay in doing so. Beyond the exercise of reasonable care to assure the safe custody of Collateral in the Agent's possession and the accounting for moneys actually received by the Agent hereunder, the Agent shall have no duty or liability to exercise or preserve any rights, privileges or powers pertaining to the Collateral.
Appears in 1 contract
Samples: Credit Agreement (Certified Grocers of California LTD)
Agent’s Duties. Notwithstanding any provision contained in -------------- this Agreement, the Agent shall have no duty to exercise any of the rights, privileges or powers afforded to it and shall not be responsible to the Guarantor any Grantor or any other Person for any failure to do so or delay in doing so. Beyond the exercise of reasonable care to assure the safe custody of Collateral in the Agent's ’s possession and the accounting for moneys actually received by the Agent hereunderhereunder and as otherwise required by applicable law, the Agent shall have no duty or liability to exercise or preserve any rights, privileges or powers pertaining to the Collateral.
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Agent’s Duties. Notwithstanding any provision contained in -------------- this Agreement, the Agent shall have no duty to exercise any of the rights, privileges or powers afforded to it and shall not be responsible to the Guarantor Pledgors or the Banks or any other Person for any failure to do so or delay in doing so. Beyond the exercise of reasonable care to assure the safe custody of the Pledged Collateral in the Agent's possession while held hereunder and the accounting for moneys actually received by the Agent hereunder, the Agent shall have no duty or liability to exercise or preserve any rights, privileges or powers pertaining to the Pledged Collateral.
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Agent’s Duties. Notwithstanding any provision contained in -------------- this Agreement, the Agent shall have no duty to exercise any of the rights, privileges or powers afforded to it and shall not be responsible to the Guarantor Subsidiary or any other Person for any failure to do so or delay in doing so. Beyond the exercise of reasonable care to assure the safe custody of Collateral in the Agent's possession and the accounting for moneys actually received by the Agent hereunder, the Agent shall have no duty or liability to exercise or preserve any rights, privileges or powers pertaining to the Collateral.
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Agent’s Duties. Notwithstanding any provision contained in this -------------- this Agreement, the Agent shall have no duty to exercise any of the rights, privileges or powers afforded to it and shall not be responsible to the Guarantor Grantor or any other Person for any failure to do so or delay in doing so. Beyond the exercise of reasonable care to assure the safe custody of Collateral in the Agent's possession and the accounting for moneys actually received by the Agent hereunder, the Agent shall have no duty or liability to exercise or preserve any rights, privileges or powers pertaining to the Collateral.
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Agent’s Duties. Notwithstanding any provision contained in -------------- this Agreement, the no Agent shall have no a duty to exercise any of the rights, privileges or powers afforded to it and shall not be responsible to the Guarantor Company or any other Person for any failure to do so or delay in doing so. Beyond the exercise of reasonable care to assure the safe custody of Collateral in the any Agent's ’s possession and the accounting for moneys actually received by the any Agent hereunder, the no Agent shall have no any duty or liability to exercise or preserve any rights, privileges or powers pertaining to the Collateral.
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Samples: Third Amended and Restated Security Agreement (Par Pacific Holdings, Inc.)
Agent’s Duties. Notwithstanding any provision contained in -------------- this Agreement, the Agent shall have no duty to exercise any of the rights, privileges or powers afforded to it and shall not be responsible to any Grantor or the Guarantor Banks or any other Person for any failure to do so or delay in doing so. Beyond the exercise of reasonable care to assure the safe custody of Collateral in the Agent's possession and the accounting for moneys actually received by the Agent hereunder, the Agent shall have no duty or liability to exercise or preserve any rights, privileges or powers pertaining to the Collateral.
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