Common use of Bank’s Responsibility as to Collateral Clause in Contracts

Bank’s Responsibility as to Collateral. In the event that the Bank shall take possession of my Collateral hereunder, the Bank's duty as to such Collateral shall be solely to sue xxxsonable care in the custody and preservation of the Collateral in its possession. This duty shall not require the Bank to take any steps necessary to preserve rights against prior parties or the duty to send notices, perform services or take any action in connection with the management of the Collateral. The Bank shall not have any responsibility or liability for the form, sufficiency, correctness, genuineness or legal effect of any instrument or document constituting a part of the Collateral, or any signature thereon or the description or misdescription, or value of property represented or purported to be represented by any such document or instrument. The Institution shall make and maintain copies or microfilm of all Collateral delivered to the Bank. The Institution agrees that any and all Collateral may be removed by the Bank from the state or location where situated and may thereafter be dealt with by the Bank as provided in this Agreement.

Bank’s Responsibility as to Collateral. In the event that the Bank shall take possession of my any Collateral hereunder, the Bank's duty as to such Collateral shall be solely to sue xxxsonable use reasonable care in the custody and preservation of the Collateral in its possession. This duty shall not require the Bank to take any steps necessary to preserve rights against prior parties or the duty to send notices, perform services or take any action in connection with the management of the Collateral. The Bank shall not have any responsibility or liability for the form, sufficiency, correctness, genuineness or legal effect of any instrument or document constituting a part of the Collateral, or any signature thereon or the description or misdescription, or value of property represented represented, or purported to be represented represented, by any such document or instrument. The Institution shall make and maintain copies or microfilm of all Collateral delivered to the Bank. The Institution agrees that any and all Collateral may be removed by the Bank from the state or location where situated and may thereafter be dealt with by the Bank as provided in this Agreement.

Bank’s Responsibility as to Collateral. In the event that the Bank shall take possession of my any Collateral hereunder, the Bank's duty as to such Collateral shall be solely to sue xxxsonable use reasonable care in the custody and preservation of the Collateral in its possession. This duty , which shall not require the Bank to take include any steps necessary to preserve rights against prior parties or nor the duty to send notices, perform services services, or take any action in connection with the management of the Collateral. The Bank shall not have any responsibility or liability for the form, sufficiency, correctness, genuineness genuineness, or legal effect of any instrument or document constituting a part of the Collateral, or any signature thereon or the description or misdescription, or value of property represented represented, or purported to be represented represented, by any such document or instrument, or for any error or omission or delay in the liquidation of any Collateral, including the sale, assignment, or delivery of the Collateral or any part thereof, including the settlement, collection or payment of any Collateral, or any damage resulting therefrom. The Institution shall make and maintain copies or microfilm of all Collateral delivered to the Bank. The Institution Member agrees that any and all Collateral may be removed by the Bank from the state or location where situated situated, and may thereafter be dealt with by the Bank as provided in this Agreement.