Lender’s Liability for Collateral. Lender has no obligation to clean up or otherwise prepare the Collateral for sale. All risk of loss, damage or destruction of the Collateral shall be borne by Borrower.
Appears in 7 contracts
Samples: Subordinated Term Loan and Security Agreement (Sonim Technologies Inc), Credit Agreement (Aly Energy Services, Inc.), Credit Agreement (Aly Energy Services, Inc.)
Lender’s Liability for Collateral. Lender has no obligation to clean up or otherwise prepare the Collateral for sale. All risk of loss, damage or destruction of the Collateral shall be borne by BorrowerBorrowers.
Appears in 5 contracts
Samples: Loan and Security Agreement (Enservco Corp), Credit Agreement (Trupanion Inc.), Loan and Security Agreement (Rocky Mountain Chocolate Factory Inc)
Lender’s Liability for Collateral. Lender has no obligation ----------------------------------- to clean up or otherwise prepare the Collateral for sale. All risk of loss, damage or destruction of the Collateral shall be borne by Borrower.
Appears in 1 contract
Samples: Loan and Security Agreement (Citadel Security Software Inc)
Lender’s Liability for Collateral. Lender has no obligation to clean up or otherwise prepare the Collateral for sale. All risk of loss, damage or destruction of the Collateral shall be borne by Borrower, until such time as the Lender has taken possession of the Collateral (exclusive to the rights of Borrower therein).
Appears in 1 contract
Samples: Term Loan and Security Agreement (Irvine Sensors Corp/De/)
