Limitation on Duties Regarding Preservation of Collateral. Buyer’s duty with respect to the custody, safekeeping and physical preservation of the Collateral in its possession, under Section 9-207 of the Uniform Commercial Code or otherwise, shall be to require the Indenture Trustee to deal with it in the same manner as the Indenture Trustee deals with similar property for its own account. Neither Buyer nor any of its directors, officers or employees shall be liable for failure to demand, collect or realize upon all or any part of the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of Pledgor or otherwise.
Appears in 4 contracts
Samples: And Pledge Agreement, Subordination, Acknowledgment and Pledge Agreement (PennyMac Mortgage Investment Trust), Subordination, Acknowledgment and Pledge Agreement (Pennymac Financial Services, Inc.)
Limitation on Duties Regarding Preservation of Collateral. Buyer’s The Trustee's sole duty with respect to the custody, safekeeping and physical preservation of the Collateral in its possession, under Section 9-207 of the Uniform Commercial Code or otherwise, shall be to require the Indenture Trustee to deal with it in the same manner as the Indenture Trustee deals with similar property for its own account. Neither Buyer the Trustee, any Noteholder, nor any of its their respective directors, officers officers, employees or employees agents shall be liable for failure to demand, collect or realize upon all or any part of the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of Pledgor the Company or otherwiseany other Person.
Appears in 3 contracts
Samples: Company Trademark Security Agreement (RBX Corp), Company Patent Security Agreement (RBX Corp), Company Copyright Security Agreement (RBX Corp)
Limitation on Duties Regarding Preservation of Collateral. BuyerLender’s duty with respect to the custody, safekeeping and physical preservation of the Collateral in its possession, under Section 9-207 of the Uniform Commercial Code or otherwise, shall be to require the Indenture Trustee to deal with it in the same manner as the Indenture Trustee Lender deals with similar property for its own account. Neither Buyer Lender nor any of its directors, officers or employees shall be liable for failure to demand, collect or realize upon all or any part of the Collateral or for any delay in doing so so, and none of Lender nor any of its directors, officers or employees shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of Pledgor Borrower or otherwise.
Appears in 1 contract
Samples: Loan and Security Agreement (Franklin BSP Realty Trust, Inc.)
Limitation on Duties Regarding Preservation of Collateral. Buyer’s Lender's duty with respect to the custody, safekeeping and physical preservation of the Collateral in its possession, under Section 9-207 of the Uniform Commercial Code or otherwise, shall be to require the Indenture Trustee to deal with it in the same manner as the Indenture Trustee Lender deals with similar property for its own account. Neither Buyer Subject to the immediately preceding sentence, neither Lender nor any of its directors, officers or employees shall be liable for failure to demand, collect or realize upon all or any part of the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of Pledgor Borrower or otherwise.
Appears in 1 contract
Samples: Security Agreement (Ares Commercial Real Estate Corp)
Limitation on Duties Regarding Preservation of Collateral. Buyer’s The Trustee's sole duty with respect to the custody, safekeeping and physical preservation of the Collateral in its possession, under Section 9-207 of the Uniform Commercial Code or otherwise, shall be to require the Indenture Trustee to deal with it in the same manner as the Indenture Trustee deals with similar property for its own account. Neither Buyer None of the Trustee, any Holder, nor any of its their respective directors, officers officers, employees or employees trustees shall be liable for failure to demand, collect or realize upon all or any part of the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of any Pledgor or otherwiseany other Person.
Appears in 1 contract
Limitation on Duties Regarding Preservation of Collateral. Buyer’s The --------------------------------------------------------- Lender's duty with respect to the custody, safekeeping and physical preservation of the Collateral in its possession, under Section 9-207 of the Uniform Commercial Code or otherwise, shall be to require the Indenture Trustee to deal with it in the same manner as the Indenture Trustee Lender deals with similar property for its own account. Neither Buyer the Lender nor any of its directors, officers or employees shall be liable for failure to demand, collect or realize upon all or any part of the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of Pledgor the Borrower or otherwise.
Appears in 1 contract
Samples: Master Loan and Security Agreement (Franchise Mortgage Acceptance Co)
Limitation on Duties Regarding Preservation of Collateral. Buyer’s The --------------------------------------------------------- Lender's duty with respect to the custody, safekeeping and physical preservation of the Collateral in its possession, under Section 9-207 of the Uniform Commercial Code or otherwise, shall be to require the Indenture Trustee to deal with it in the same manner as the Indenture Trustee Lender deals with similar property for its own account. Neither Buyer the Lender nor any of its directors, officers or employees shall be liable for failure to demand, collect or realize upon all or any part of the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of Pledgor the Borrowers or otherwise.
Appears in 1 contract
Samples: Master Loan and Security Agreement (New Century Financial Corp)
Limitation on Duties Regarding Preservation of Collateral. Buyer’s The Trustee's sole duty with respect to the custody, safekeeping and physical preservation of the Collateral in its possession, under Section 9-207 of the Uniform Commercial Code or otherwise, shall be to require the Indenture Trustee to deal with it in the same manner as the Indenture Trustee deals with similar property for its own account. Neither Buyer None of the Trustee, any Holder, nor any of its their respective directors, officers officers, employees or employees agents shall be liable for failure to demand, collect or realize upon all or any part of the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of Pledgor the Company or otherwiseany other Person.
Appears in 1 contract