Lender's Duty of Care. It is agreed and understood that the --------------------- Lender's duty with respect to the Collateral shall be solely to use reasonable care in the custody and preservation of the Collateral in the Lender's possession, which shall not include any steps necessary to preserve rights against prior parties.
Appears in 2 contracts
Samples: Loan and Security Agreement (West Essex Bancorp Inc), Loan and Security Agreement (West Essex Bancorp Inc)
Lender's Duty of Care. It is agreed and understood that the --------------------- Lender's duty with respect to the Stock Collateral shall be solely to use reasonable reasonable, due care in the custody and preservation of the Stock Collateral at any time in the Lender's possession, which shall not include any steps necessary to preserve rights against prior parties.
Appears in 1 contract
Samples: Pledge and Assignment Agreement (Virginia Commerce Bancorp Inc)
Lender's Duty of Care. It is agreed and understood that the --------------------- Lender's --------------------- duty with respect to the Collateral shall be solely to use reasonable care in the custody and preservation of the Collateral in the Lender's possession, which shall not include any steps necessary to preserve rights against prior parties.
Appears in 1 contract
Samples: Loan and Security Agreement (First Source Bancorp Inc)
Lender's Duty of Care. It is agreed and understood that the --------------------- Lender's duty with respect to the Collateral shall be solely to use reasonable care in the custody and preservation of the Collateral in the Lender's possession, which shall not include any steps necessary to preserve rights against prior other parties.
Appears in 1 contract
Lender's Duty of Care. It is agreed and understood that the --------------------- Lender's duty with respect to the Collateral shall be solely to use reasonable care in the custody and preservation of the Collateral in the Lender's possession, which shall not include any steps necessary to preserve rights against prior parties.preserve
Appears in 1 contract
Samples: Loan and Security Agreement (Astoria Financial Corp)
