Common use of Limitation on Collateral Agent’s Duties in Respect of Collateral Clause in Contracts

Limitation on Collateral Agent’s Duties in Respect of Collateral. Beyond its duties set forth in this Collateral Agent Agreement as to the custody of, and the accounting to the Grantors and the Representatives for, moneys received by it hereunder, the Collateral Agent shall not have any duty to the Grantors or the Secured Parties as to any Collateral in its possession or control or in the possession or control of any agent or nominee of it or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto.

Limitation on Collateral Agent’s Duties in Respect of Collateral. (a) Beyond its express duties set forth in this Collateral Agent Agreement as to the custody of, and the accounting to the Grantors and the Representatives for, moneys received by it hereunderany other Loan Document, the Collateral Agent shall not have any duty to the Grantors Borrower or the Secured Parties as any of its Subsidiaries with respect to any Collateral in its the possession or control of the Borrower or any of its Subsidiaries or in the possession or control of the Collateral Agent or any agent of its agents or nominee of it or nominees, any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto.

Limitation on Collateral Agent’s Duties in Respect of Collateral. Beyond its duties set forth in this Collateral Agent Agreement as to the custody of, thereof expressly provided herein or in the Security Documents and to account to the Secured Parties and the accounting to the Grantors Credit Parties for moneys and the Representatives for, moneys other property received by it hereunderhereunder or under the Security Agreements, the Collateral Agent shall not have any duty to the Grantors Credit Parties or to the Secured Parties as to any Collateral in its possession or control or in the possession or control of the Collateral Agent or any agent of its agents or nominee of it nominees, or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto.

Limitation on Collateral Agent’s Duties in Respect of Collateral. Beyond its the duties set forth in this Collateral Agent Agreement as to the custody of, and the accounting to the Grantors and the Representatives for, moneys received by it hereunderAgreement, the Collateral Agent shall not have any duty to the Grantors Borrower or the Secured Parties Creditors as to any Collateral in its the Collateral Agent’s possession or control or in the possession or control of any agent of its agents or nominee of it nominees or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto, except that the Collateral Agent shall be liable for the Collateral Agent’s failure to exercise reasonable care in the handling of the moneys actually received by the Collateral Agent.