Common use of Failure to Perfect Clause in Contracts

Failure to Perfect. The Secured Party shall not be liable or accountable for any negligence or failure to perfect the Security Interest granted herein or to seize, collect, realize, sell or obtain possession or payment of or for the Collateral or any part thereof and shall not be bound to institute proceedings for the purpose of seizing, collecting, realizing, selling or obtaining possession or payment of the same or, for the purpose of preserving the rights of a Debtor or any other Person, firm or corporation in respect of same.

Failure to Perfect. The Secured Party shall not be liable or accountable for any negligence or failure to perfect the Security Interest granted herein or to seize, collect, realize, sell or obtain possession or payment of or for the Collateral or any part thereof and shall not be bound to institute proceedings for the purpose of seizing, collecting, realizing, selling or obtaining possession or payment of the same or, for the purpose of preserving the rights of a the Debtor or any other Person, firm or corporation in respect of same.

Failure to Perfect. The Secured Party shall not be liable or accountable for any negligence or failure to perfect the Security Interest granted herein or to its security interest in, seize, collect, realize, sell or obtain possession or payment of or for the Collateral Shares or any part thereof and shall not be bound to institute proceedings for the purpose of seizing, collecting, realizing, selling realizing or obtaining possession or payment of the same or, for the purpose of preserving the rights of a Debtor the Pledgor, the Corporation or any other Personperson, firm or corporation in respect of same.

Failure to Perfect. The Secured Party shall not be liable or accountable for any negligence or failure to (i) perfect the Security Interest its security interests, mortgages and charges granted herein herein, or to (ii) seize, collect, realize, sell or obtain possession or payment of or for the Collateral or any part thereof and shall not be bound to institute proceedings for the purpose of seizing, collecting, realizing, selling realizing or obtaining possession or payment of the same or, for the purpose of preserving the rights of a the Debtor or any other Personperson, firm or corporation in respect of same.

Failure to Perfect. The Secured Party shall not be liable or accountable for any negligence or failure to perfect the Security Interest its security interests, mortgages and charges granted herein or to herein, seize, collect, realize, sell or obtain possession or payment of or for the Collateral or any part thereof and shall not be bound to institute proceedings for the purpose of seizing, collecting, realizing, selling realizing or obtaining possession or payment of the same or, for the purpose of preserving the rights of a the Debtor or any other Personperson, firm or corporation in respect of same.