Common use of Lessor's Duties Clause in Contracts

Lessor's Duties. The powers conferred on the Lessor hereunder are solely to protect its interest in the Assigned Agreements and shall not impose any duty upon it to exercise any such powers. The Lessor shall have no duty to take any necessary steps to preserve rights against prior parties or any other rights pertaining to any Assigned Agreements.

Appears in 3 contracts

Samples: Ground Lease Agreement, Ground Lease Agreement, Ground Lease Agreement

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Lessor's Duties. The powers conferred on the Lessor hereunder are solely to protect its interest in the Assigned Agreements Collateral and shall not impose any duty upon it to exercise any such powers. The Except for the safe custody of any Collateral in its possession and the accounting for moneys actually received by it hereunder, the Lessor shall not have no any duty as to take any Collateral or as to the taking of any necessary steps to preserve rights against prior parties or any other rights pertaining to any Assigned AgreementsCollateral.

Appears in 1 contract

Samples: And Restated Security Agreement (Fibermark Inc)

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Lessor's Duties. The powers conferred on the Lessor hereunder are solely to protect its interest in the Assigned Agreements and any design and construction documents related to any Additional Improvements and shall not impose any duty upon it to exercise any such powers. The Lessor shall have no duty to take any necessary steps to preserve rights against prior parties or any other rights pertaining to any Assigned Agreements.

Appears in 1 contract

Samples: Ground Lease Agreement

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