Limitation on Secured Party’s Duty in Respect of Collateral. Secured Party shall be deemed to have acted reasonably in the custody, preservation and disposition of any of the Collateral if it takes such action as Grantor requests in writing, but failure of Secured Party to comply with any such request shall not in itself be deemed a failure to act reasonably, and no failure of Secured Party to do any act not so requested shall be deemed a failure to act reasonably.
Appears in 11 contracts
Samples: Security Agreement (Cardica Inc), Security Agreement (Salmedix Inc), Security Agreement (Internet Pictures Corp)
Limitation on Secured Party’s Duty in Respect of Collateral. Secured Party shall be deemed to have acted reasonably in the custody, preservation and disposition of any of the Collateral if it takes such action as Grantor requests in writingwriting except during an Event of Default, but failure of Secured Party to comply with any such request shall not in itself be deemed a failure to act reasonably, and no failure of Secured Party to do any act not so requested shall be deemed a failure to act reasonably.
Appears in 6 contracts
Samples: Security Agreement (Global Epoint Inc), Intellectual Property Security Agreement (Clinical Data Inc), Security Agreement (Mikohn Gaming Corp)
Limitation on Secured Party’s Duty in Respect of Collateral. Secured Party shall be deemed to have acted reasonably in the custody, preservation preservation, and disposition of any of the Collateral if it takes such action as Grantor requests in writing, but failure of Secured Party to comply with any such request shall not in itself be deemed a failure to act reasonably, reasonably and no failure of Secured Party to do any act not so requested shall be deemed a failure to act reasonably.
Appears in 3 contracts
Samples: Security Agreement (Spatialight Inc), Security Agreement (Spatialight Inc), Security Agreement (Tripp Steven Francis)
Limitation on Secured Party’s Duty in Respect of Collateral. Secured Party shall be deemed to have acted reasonably in the custody, preservation and disposition of any of the Collateral if it takes such action as Grantor the Company requests in writingwriting except during an Event of Default, but failure of Secured Party to comply with any such request shall not in itself be deemed a failure to act reasonably, and no failure of Secured Party to do any act not so requested shall be deemed a failure to act reasonably.
Appears in 3 contracts
Samples: Security Agreement (Clinical Data Inc), Security Agreement (Transgenomic Inc), Security Agreement (Clinical Data Inc)
Limitation on Secured Party’s Duty in Respect of Collateral. Secured Party shall deal with the Collateral in the same manner as it deals with similar property for its own account. Secured Party shall be deemed to have acted reasonably in the custody, preservation and disposition of any of the Collateral if it takes such action as Grantor requests in writing, but failure of Secured Party to comply with any such request shall not in itself be deemed a failure to act reasonably, reasonably and no failure of Secured Party to do any act not so requested shall be deemed a failure to act reasonably.
Appears in 3 contracts
Samples: Security Agreement (Cambridge Display Technology, Inc.), Security Agreement (Cambridge Display Technology, Inc.), Security Agreement (Western Multiplex Corp)
Limitation on Secured Party’s Duty in Respect of Collateral. Secured Party shall be deemed to have acted reasonably in the custody, preservation and disposition of any of the Collateral if it takes such action as Grantor requests in writing, but failure of Secured Party to comply with any such request shall not in itself be deemed a failure to act reasonably, reasonably and no failure of Secured Party to do any act not so requested shall be deemed a failure to act reasonably.
Appears in 2 contracts
Samples: Credit Agreement (Software Net Corp), Security Agreement (Coulter Pharmaceuticals Inc)
Limitation on Secured Party’s Duty in Respect of Collateral. Secured Party shall be deemed to have acted reasonably in the custody, preservation and disposition of any of the Collateral if it takes such action as Grantor requests in writingwriting except during an Event of Default, but failure of Secured Party to comply with any such request shall not in itself be deemed a failure to act reasonably, and no failure of Secured Party to do any act not so requested shall be deemed a failure to act reasonably.
Appears in 1 contract
Samples: Security Agreement (ZP Holdings Inc)
Limitation on Secured Party’s Duty in Respect of Collateral. Secured Party shall be deemed to have acted reasonably in the custody, preservation and disposition of any of the Collateral if it takes such action as Grantor requests in writing, but failure of Secured Party to comply with any such request shall not in itself be deemed a failure to act reasonably, and no failure of Secured Party to do any act not so requested shall be deemed a failure to act reasonably. 10.
Appears in 1 contract
Samples: Security Agreement (Burst Com Inc)
Limitation on Secured Party’s Duty in Respect of Collateral. Secured Party shall be deemed to have acted reasonably in the custody, preservation and disposition of any of the Collateral if it takes such action as Grantor Debtor requests in writing, but failure of Secured Party to comply with any such request shall not in itself be deemed a failure to act reasonably, and no failure of Secured Party to do any act not so requested shall be deemed a failure to act reasonably.
Appears in 1 contract
Samples: Security Agreement (Integrated Surgical Systems Inc)
Limitation on Secured Party’s Duty in Respect of Collateral. Secured Party shall be deemed to have acted reasonably in the custody, preservation and disposition of any of the Collateral if it takes such action as Grantor requests in writing, but failure of Secured Party to comply with any such request shall not in itself be deemed a failure to act reasonably, and no failure of Secured Party to do any act not so requested shall be deemed a failure to act reasonably.
Appears in 1 contract
Samples: Security Agreement (Realmed Corp)
