Limitations on Obligations Concerning Maintenance of Collateral. Debtor has the risk of loss on all the Collateral. Secured Party has no duty to collect any income accruing on the Collateral or to preserve any rights relating to the Collateral.
Appears in 2 contracts
Samples: Commercial Security Agreement (Friedman Industries Inc), Commercial Security Agreement (Friedman Industries Inc)
Limitations on Obligations Concerning Maintenance of Collateral. Each Debtor agrees that its has the risk of loss on all with respect to the Collateral. , and the Secured Party has no duty to collect any income accruing on the Collateral or to preserve any rights relating to the Collateral.
Appears in 1 contract
Samples: Credit Agreement (Egl Inc)
Limitations on Obligations Concerning Maintenance of Collateral. Debtor agrees that its has the risk of loss on all with respect to the Collateral. , and the Secured Party has no duty to collect any income accruing on the Collateral or to preserve any rights relating to the Collateral.
Appears in 1 contract
Samples: Credit Agreement (Egl Inc)
