Common use of Limitation on Duties Regarding Preservation of Purchased Items Clause in Contracts

Limitation on Duties Regarding Preservation of Purchased Items. The Buyer’s duty with respect to the custody, safekeeping and physical preservation of the Purchased Items in its possession, under Section 9-207 of the Uniform Commercial Code or otherwise, shall be to deal with it in the same manner as the Buyer deals with similar property for its own account. Subject to the immediately preceding sentence, neither the Buyer nor any of its respective directors, officers or employees shall be liable for failure to demand, collect or realize upon all or any part of the Purchased Items or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Purchased Items upon the request of the Seller or otherwise.

Limitation on Duties Regarding Preservation of Purchased Items. The Agent's and each Buyer’s 's duty with respect to the custody, safekeeping and physical preservation of the Purchased Items in its possession, under Section 9-207 of the Uniform Commercial Code or otherwise, shall be to deal with it in the same manner as the Buyer Agent or such Buyer, as the case may be, deals with similar property for its own account. Subject to Neither the immediately preceding sentenceAgent, neither the any Buyer nor any of its their respective directors, officers or employees shall be liable for failure to demand, collect or realize upon all or any part of the Purchased Items or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Purchased Items upon the request of the any Seller or otherwise.

Limitation on Duties Regarding Preservation of Purchased Items. The BuyerAgent’s duty with respect to the custody, safekeeping and physical preservation of the Purchased Items and the Collateral in its possession, under Section 9-207 of the Uniform Commercial Code or otherwise, shall be to deal with it in the same manner as the Buyer Agent deals with similar property for its own account. Subject to Neither the immediately preceding sentence, neither the Agent nor any Buyer nor any of its their respective directors, officers or employees shall be liable for failure to demand, collect or realize upon all or any part of the Purchased Items or the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Purchased Items or the Collateral upon the request of the Seller Sellers or otherwise.