Common use of Duty of Secured Party Clause in Contracts

Duty of Secured Party. Beyond the exercise of reasonable care to --------------------- assure safe custody of the certificates evidencing the collateral while held hereunder, Secured Party shall have no duty or liability to preserve rights pertaining to the Collateral and shall be relieved of all responsibility for the Collateral upon surrendering the certificates or tendering surrender of the certificates to Pledgor or the agreed upon escrow agent, as the case may be.

Duty of Secured Party. Beyond the exercise of reasonable care to --------------------- assure safe custody of the certificates evidencing the collateral Collateral while held hereunder, Secured Party shall have no duty or liability to preserve rights pertaining to the Collateral and shall be relieved of all responsibility for the Collateral upon surrendering the certificates or tendering surrender of the certificates to Pledgor or the agreed upon escrow agent, as the case may be.duty

Duty of Secured Party. Beyond Secured Party's duty with reference to the exercise of Collateral shall be solely to use reasonable care to --------------------- assure safe in the custody of the certificates evidencing the collateral while held hereunder, Collateral in Secured Party's possession. Secured Party shall have no obligation or duty to take any other steps to protect, preserve or liability to preserve enforce any rights pertaining with respect to the Collateral and Collateral, nor shall Secured Party be relieved of all responsibility responsible in any way for any depreciation in the Collateral upon surrendering the certificates or tendering surrender value of the certificates to Pledgor or the agreed upon escrow agent, as the case may beCollateral.