Common use of Diminution in Value of Collateral Clause in Contracts

Diminution in Value of Collateral. No Agent nor any Lender has any liability or responsibility whatsoever for any diminution in or loss of value of any Collateral now or hereafter securing payment or performance of all or any part of the Obligation (other than diminution in or loss of value caused by its gross negligence or willful misconduct).

Appears in 1 contract

Samples: Credit Agreement (Prentiss Properties Trust/Md)

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Diminution in Value of Collateral. No Agent nor or any Lender has any liability or responsibility whatsoever for any diminution in or loss of value of any Collateral collateral now or hereafter securing payment or performance of all or any part of the Obligation (other than diminution in or loss of value caused by its gross negligence or willful misconduct).

Appears in 1 contract

Samples: Credit Agreement (Prologis Trust)

Diminution in Value of Collateral. No Neither Agent nor any Lender has any liability or responsibility whatsoever for any diminution in or loss of value of any Collateral collateral now or hereafter in the future securing payment or performance of all or any part of the Obligation Obligations (other than OTHER THAN diminution in or loss of value caused by its own gross negligence or willful misconduct).

Appears in 1 contract

Samples: Credit Agreement (Pillowtex Corp)

Diminution in Value of Collateral. No Neither Agent nor any Lender has any liability or responsibility whatsoever for any diminution in or loss of value of any Collateral collateral now or hereafter in the future securing payment or performance of all or any part of the Obligation (other than OTHER THAN diminution in or loss of value caused by its own gross negligence or willful misconduct).

Appears in 1 contract

Samples: Credit Agreement (Magnetek Inc)

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Diminution in Value of Collateral. No Neither Agent nor any Lender has any liability or responsibility whatsoever for any diminution in or loss of value of any Collateral collateral now or hereafter securing payment or performance of all or any part of the Obligation (other than OTHER THAN diminution in or loss of value caused by its gross negligence or willful misconduct).

Appears in 1 contract

Samples: Credit Agreement (Nci Building Systems Inc)

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