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

Limitation on Collateral Agent’s Duty in Respect of Collateral. Beyond its duties as to the custody thereof expressly provided herein or in any Security Document and to account to the Secured Parties and the Grantors for moneys and other property received by it hereunder or under any Security Document, the Collateral Agent shall not have any duty to the Grantors or to the Secured Parties as to any Collateral in its possession or control or in the possession or control of any of its agents or nominees, or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto.

Appears in 6 contracts

Samples: Collateral Sharing Agreement (Crown Cork & Seal Co Inc), Collateral Sharing Agreement (Constar Inc), Collateral Sharing Agreement (Constar International Inc)

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Limitation on Collateral Agent’s Duty in Respect of Collateral. Beyond Except as required by applicable law, beyond its express duties as to specified in the custody thereof expressly provided herein or in any Security Document and to account to the Secured Parties and the Grantors for moneys and other property received by it hereunder or under any Security DocumentDocuments, the Collateral Agent shall not have any duty to the Grantors or to the Secured Parties as to any Collateral in its possession or control or in the possession or control of any of its agents or nominees, or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto.

Appears in 4 contracts

Samples: Security Agreement (Solutia Inc), Security Agreement (Solutia Inc), Security Agreement (Solutia Inc)

Limitation on Collateral Agent’s Duty in Respect of Collateral. Beyond its duties as to the custody thereof expressly provided herein or in any Security Document or under applicable law and its duty to account to the applicable Credit Party or Secured Parties and the Grantors Creditors for moneys and other property received by it hereunder or under any Security Document, the Collateral Agent shall not have any duty to the Grantors or to the Secured Parties any Credit Party as to any other Collateral in its possession or control or in the possession or control of any of its agents or nominees, or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto.

Appears in 3 contracts

Samples: Intercreditor Agreement, Intercreditor and Collateral Agency Agreement (Stonemor Partners Lp), Intercreditor and Collateral Agency Agreement (Stonemor Partners Lp)

Limitation on Collateral Agent’s Duty in Respect of Collateral. Beyond its duties as to the custody thereof expressly provided herein or in any Security Collateral Document and to account to the Secured Parties Lenders and the Grantors Obligated Parties for moneys and other property received by it hereunder or under any Security Collateral Document, the Collateral Agent shall not have any duty to the Grantors Obligated Parties or to the Secured Parties Lenders as to any Collateral in its possession or control or in the possession or control of any of its agents or nominees, or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto.

Appears in 2 contracts

Samples: Loan Agreement (America West Resources, Inc.), Loan Agreement (America West Resources, Inc.)

Limitation on Collateral Agent’s Duty in Respect of Collateral. Beyond its duties as to the custody thereof of Collateral expressly provided herein or in any other Security Document and to account to the Secured Parties and the Grantors for moneys and other property received by it hereunder or under any other Security Document, the Collateral Agent shall to the extent not prohibited by Applicable Law not have any duty to the Grantors or to the Secured Parties as to any Collateral in its possession or control or in the possession or control of any of its agents or nominees, or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto.

Appears in 2 contracts

Samples: Collateral Agency and Intercreditor Agreement (FS Energy & Power Fund), Collateral Agency and Intercreditor Agreement (American Capital, LTD)

Limitation on Collateral Agent’s Duty in Respect of Collateral. Beyond its duties as to the custody thereof expressly provided herein or in any the Security Document Documents and to account to the Secured Parties and the Grantors Credit Parties for moneys and other property received by it hereunder or under any the Security DocumentDocuments, 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 any of its agents or nominees, or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto.

Appears in 2 contracts

Samples: Note Agreement (Guilford Mills Inc), Credit, Security, Guaranty and Pledge Agreement (Guilford Mills Inc)

Limitation on Collateral Agent’s Duty in Respect of Collateral. Beyond its duties as to the custody thereof expressly provided in Section 10.2 herein or in any Security Document and to account to the Secured Parties and the Grantors for moneys and other property received by it hereunder or under any Security Documenthereunder, the Collateral Agent shall not have any duty to the Grantors or to the Secured Parties as to any Collateral in its possession or control or in the possession or control of any of its agents or nominees, or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto.

Appears in 2 contracts

Samples: Security Agreement (Cellu Tissue Holdings, Inc.), Note Security Agreement (Cellu Tissue Holdings, Inc.)

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Limitation on Collateral Agent’s Duty in Respect of Collateral. Beyond its duties as to the custody thereof expressly provided herein or in any Security Document Agreement and to account to the Secured Parties Lenders and the Grantors Term Loan B Lenders for moneys and other property received by it hereunder or under any Security DocumentAgreement, the Collateral Agent shall not have any duty to any Grantor, the Grantors Term Loan B Lenders or to the Secured Parties Lenders as to any Collateral in its possession or control or in the possession or control of any of its agents or nominees, or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto.

Appears in 2 contracts

Samples: Credit Agreement (General Communication Inc), Credit Agreement (General Communication Inc)

Limitation on Collateral Agent’s Duty in Respect of Collateral. Beyond Except as required by applicable law, beyond its duties as to the custody thereof expressly provided herein or in any Security Document and to account to the Secured Parties and the Grantors for moneys and other property received by it hereunder or under any Security DocumentDocument and any other express duties specified in the Security Documents, the Collateral Agent shall not have any duty to the Grantors or to the Secured Parties as to any Collateral in its possession or control or in the possession or control of any of its agents or nominees, or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto.

Appears in 1 contract

Samples: Security Agreement (Polymer Group Inc)

Limitation on Collateral Agent’s Duty in Respect of Collateral. Beyond Except as otherwise required by Law, beyond its duties as to the custody thereof expressly provided herein or in any Security Document and to account to the Secured Parties and the Grantors Debtors for moneys and other property received by it hereunder or under any Security Document, the Collateral Agent shall not have any duty to the Grantors any Debtor or to the any Secured Parties Party as to any Collateral in its possession or control or in the possession or control of any of its agents or nominees, or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto.

Appears in 1 contract

Samples: Credit Agreement (Global Industrial Technologies Inc)

Limitation on Collateral Agent’s Duty in Respect of Collateral. Beyond its duties as to the custody thereof expressly provided herein or in any other Security Document and to account to the Secured Parties and the Grantors for moneys and other property received by it hereunder or under any other Security Document, the Collateral Agent shall not have any duty to the Grantors or to the Secured Parties as to any Collateral in its possession or control or in the possession or control of any of its agents or nominees, or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto.

Appears in 1 contract

Samples: Collateral Sharing Agreement (Fisher Scientific International Inc)

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