Bank’s Responsibilities. Beyond the exercise of reasonable care to assure the safe custody of the Collateral while held hereunder, the Bank shall have no duty or liability to preserve rights pertaining thereto, and shall be relieved of all responsibility for the Collateral upon surrendering it to the Borrower or Borrower's designee.
Appears in 3 contracts
Samples: Credit and Security Agreement (Cohesant Technologies Inc), Credit and Security Agreement (Cohesant Technologies Inc), Credit Agreement (Syndicated Food Service International Inc)
Bank’s Responsibilities. Beyond the exercise of reasonable care to assure the safe custody of the Collateral while held hereunder, the Bank shall have no duty or liability to preserve rights pertaining thereto, and shall be relieved of all responsibility for the Collateral upon surrendering it to the Borrower or Borrower's ’s designee.
Appears in 2 contracts
Samples: Credit Agreement (Next Inc/Tn), Credit Agreement (Next Inc/Tn)
