Collateral Related Matters Clause Samples
Collateral Related Matters. This Agreement does not contemplate a sale of Accounts or chattel paper, and, as provided by law, Company is entitled to any surplus and shall remain liable for any deficiency. ▇▇▇▇▇ Fargo’s duty of care with respect to Collateral in its possession (as imposed by law) will be deemed fulfilled if it exercises reasonable care in physically keeping such Collateral, or in the case of Collateral in the custody or possession of a bailee or other third Person, exercises reasonable care in the selection of the bailee or third Person, and ▇▇▇▇▇ Fargo need not otherwise preserve, protect, insure or care for such Collateral. ▇▇▇▇▇ Fargo shall not be obligated to preserve rights Company may have against prior parties, to liquidate the Collateral at all or in any particular manner or order or apply the Proceeds of the Collateral in any particular order of application. ▇▇▇▇▇ Fargo has no obligation to clean-up or prepare Collateral for sale. Company waives any right it may have to require ▇▇▇▇▇ Fargo to pursue any third Person for any of the Indebtedness.
Collateral Related Matters. This Agreement does not contemplate a sale of Accounts or Chattel Paper and, as provided by law, Borrowers are entitled to any surplus and shall remain liable for any deficiency. Lender’s duty of care with respect to Collateral in its possession (as imposed by law) will be deemed fulfilled if it exercises reasonable care in physically keeping such Collateral, or in the case of Collateral in the custody or possession of a bailee or other third Person, exercises reasonable care in the selection of the bailee or third Person, and Lender need not otherwise preserve, protect, insure or care for such Collateral. Lender shall not be obligated to preserve rights Borrowers may have against prior parties, to liquidate the Collateral at all or in any particular manner or order or apply the Proceeds of the Collateral in any particular order of application. Lender has no obligation to clean up or prepare Collateral for sale. Borrowers waive any right they may have to require Lender to pursue any third Person for any of the Obligations.
Collateral Related Matters. This Agreement does not contemplate a sale of Accounts or chattel paper, and, as provided by law, the Borrower is entitled to any surplus and shall remain liable for any deficiency. The Holder Representative’s duty of care with respect to Collateral in its possession (as imposed by law) will be deemed fulfilled if it exercises reasonable care in physically keeping such Collateral, or in the case of Collateral in the custody or possession of a bailee or other third Person, exercises reasonable care in the selection of the bailee or third Person, and the Holder Representative need not otherwise preserve, protect, insure or care for such Collateral. The Holder Representative shall not be obligated to preserve rights the Borrower may have against prior parties, to liquidate the Collateral at all or in any particular manner or order or apply the Proceeds of the Collateral in any particular order of application. The Holder Representative has no obligation to clean-up or prepare Collateral for sale. The Borrower waives any right it may have to require the Holder Representative to pursue any third Person for any of the Obligations.
Collateral Related Matters. Each of the conditions set forth in clauses (1), (2) and (3) in clause (ii) of the proviso in each of the definitions of Eligible U.K. Inventory and Eligible U.K. Accounts Receivable has been satisfied and continues to be satisfied as of the date hereof.