Duties Regarding Pledged Collateral. The Secured Party shall have no duty as to the collection or protection of the Pledged Collateral or any income thereon or as to the preservation of any rights pertaining thereto, beyond the safe custody and reasonable care of any of the Pledged Collateral actually in the Secured Party’s possession.
Appears in 6 contracts
Samples: Securities Purchase Agreement (Planetlink Communications Inc), Security Agreement (Platina Energy Group Inc.), Security Agreement (Vortex Resources Corp.)
Duties Regarding Pledged Collateral. The Secured Party shall have no duty as to the collection or protection of the Pledged Collateral Property or any income thereon or as to the preservation of any rights pertaining thereto, beyond the safe custody and reasonable care of any of the Pledged Collateral Property actually in the Secured Party’s possession's possession or under its control.
Appears in 5 contracts
Samples: Security Agreement (Egpi Firecreek, Inc.), Security Agreement (Locateplus Holdings Corp), Security Agreement (Walker Financial Corp)
Duties Regarding Pledged Collateral. The Secured Party Parties shall have no duty as to the collection or protection of the Pledged Collateral Property or any income thereon or as to the preservation of any rights pertaining thereto, beyond the safe custody and reasonable care of any of the Pledged Collateral Property actually in the Secured Party’s Parties' possession.
Appears in 1 contract
Samples: Security Agreement (Inferx Corp)
Duties Regarding Pledged Collateral. The Secured Party Parties shall have no duty as to the collection or protection of the Pledged Collateral Property or any income thereon or as to the preservation of any rights pertaining thereto, beyond the safe custody and reasonable care of any of the Pledged Collateral Property actually in the Secured Party’s Parties’ possession.
Appears in 1 contract
Samples: Security Agreement (Inferx Corp)
