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Common use of Lender's Powers Clause in Contracts

Lender's Powers. The powers conferred on the Lenders hereunder are solely to protect Lenders’ interest in the Collateral and shall not impose any duty on it to exercise any such powers.

Appears in 5 contracts

Samples: Security Agreement (Advanced Mineral Technologies, Inc), Security Agreement (Rvue Holdings, Inc.), Security Agreement (Pershing Gold Corp.)

Lender's Powers. The powers conferred on the Lenders hereunder are solely to protect Lenders’ its interest in the Collateral and shall not impose any duty on it to exercise any such powers.

Appears in 3 contracts

Samples: Subscription Agreement (Options Media Group Holdings, Inc.), Security Agreement (Options Media Group Holdings, Inc.), Security Agreement (Conolog Corp)