Common use of No Assumption of Duties; Reasonable Care Clause in Contracts

No Assumption of Duties; Reasonable Care. The rights and powers granted to the Collateral Agent hereunder are being granted in order to preserve and protect the security interest of the Collateral Agent for the benefit of the Trustee and the Holders in and to the Collateral granted hereby and shall not be interpreted to, and shall not impose any duties on, the Collateral Agent in connection therewith other than those expressly provided herein or imposed under applicable law. Except as provided by applicable law or by the Indenture, the Collateral Agent shall be deemed to have exercised reasonable care in the custody and preservation of the Collateral in its possession if the Collateral is accorded treatment substantially equal to that which the Collateral Agent accords similar property held by the Collateral Agent for similar accounts, it being understood that the Collateral Agent in its capacity as such

Appears in 10 contracts

Samples: Collateral Pledge and Security Agreement (Adaptec Inc), Collateral Pledge (McMoran Exploration Co /De/), Collateral Pledge and Security Agreement (MSC Software Corp)

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No Assumption of Duties; Reasonable Care. The rights and powers granted to the Collateral Agent hereunder are being granted in order to preserve and protect the security interest of the Collateral Agent for the benefit of the Trustee and the ratable benefit of the Holders in and to the Collateral granted hereby and shall not be interpreted to, and shall not impose any duties on, the Collateral Agent in connection therewith other than those expressly provided herein or imposed under applicable law. Except as provided by applicable law or by the Indenture, the Collateral Agent shall be deemed to have exercised reasonable care in the custody and preservation of the Collateral in its possession if the Collateral is accorded treatment substantially equal to that which the Collateral Agent accords similar property held by the Collateral Agent for similar accounts, it being understood that the Collateral Agent in its capacity as such:

Appears in 2 contracts

Samples: Collateral Pledge and Security Agreement (Apex Silver Mines LTD), Collateral Pledge and Security Agreement (Apex Silver Mines LTD)

No Assumption of Duties; Reasonable Care. The rights and powers granted to the Collateral Agent hereunder are being granted in order to preserve and protect the security interest of the Collateral Agent for the benefit of the Trustee and the Holders in and to the Collateral granted hereby and shall not be interpreted to, and shall not impose any duties on, the Collateral Agent in connection therewith other than those expressly provided herein or imposed under applicable law. Except as provided by applicable law or by the Indenture, the Collateral Agent shall be deemed to have exercised reasonable care in the custody and preservation of the Collateral in its possession if the Collateral is accorded treatment substantially equal to that which the Collateral Agent accords similar property held by the Collateral Agent for similar accounts, it being understood that the Collateral Agent in its capacity as suchAgent:

Appears in 1 contract

Samples: Pledge and Security Agreement (Wynn Resorts LTD)

No Assumption of Duties; Reasonable Care. The rights and powers granted to the Collateral Agent hereunder are being granted in order to preserve and protect the security interest of the Collateral Agent for the benefit of the Trustee and the Holders in and to the Collateral granted hereby and shall not be interpreted to, and shall not impose any duties on, the Collateral Agent in connection therewith other than those expressly provided herein or imposed under applicable law. Except as provided by applicable law or by the Indenturelaw, the Collateral Agent shall be deemed to have exercised reasonable care in the custody and preservation of the Collateral in its possession if the Collateral is accorded treatment substantially equal to that which the Collateral Agent accords similar property held by the Collateral Agent for similar accounts, it being understood that the Collateral Agent in its capacity as such

Appears in 1 contract

Samples: Collateral Pledge and Security Agreement (PetroHunter Energy Corp)

No Assumption of Duties; Reasonable Care. The rights and powers granted to the Collateral Agent hereunder are being granted in order to preserve and protect the security interest of the Collateral Agent for the benefit of CCI and for the indirect benefit of the Trustee and the Holders in and to the Collateral granted hereby and shall not be interpreted to, and shall not impose any duties on, the Collateral Agent in connection therewith other than those expressly provided herein or imposed under applicable law. Except as provided by applicable law or by the CCI Indenture, the Collateral Agent shall be deemed to have exercised reasonable care in the custody and preservation of the Collateral in its possession if the Collateral is accorded treatment substantially equal to that which the Collateral Agent accords similar property held by the Collateral Agent for similar accounts, it being understood that the Collateral Agent in its capacity as such

Appears in 1 contract

Samples: Collateral Pledge and Security Agreement (Charter Communications Inc /Mo/)

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No Assumption of Duties; Reasonable Care. The rights and powers granted to conferred on the Collateral Agent hereunder are being granted in order solely to preserve and protect the security interest Security Interest of the Collateral Agent for the benefit of the Trustee and the Holders Secured Parties in and to the Collateral granted hereby and to deliver certain Collateral as set forth in ‎Section 4 of this Security Agreement and shall not be interpreted to, and shall not impose any duties on, on the Collateral Agent in connection therewith other than those expressly provided herein or imposed under applicable lawlaw or the Secured Debt Agreements. Except as provided by applicable law or by the Indenturelaw, the Collateral Agent shall be deemed to have exercised reasonable care in the custody and preservation of the Collateral in its possession if the Collateral is accorded treatment substantially equal to that which the Collateral Agent accords similar property held by the Collateral Agent for similar accountsits own account, it being understood that the Collateral Agent in its capacity as such

Appears in 1 contract

Samples: Pledge and Security Agreement (Century Aluminum Co)

No Assumption of Duties; Reasonable Care. The rights and powers granted to the Collateral Agent Trustee hereunder are being granted in order to preserve and protect the security interest of the Collateral Agent for the benefit of the Trustee and the Holders of the Senior Notes and the Discount Notes in and to the Collateral granted hereby and shall not be interpreted to, and shall not impose any duties on, on the Collateral Agent Trustee in connection therewith other than those expressly provided herein or imposed under applicable law. Except as provided by applicable law or by the Indenture, the Collateral Agent Trustee shall be deemed to have exercised reasonable care in the custody and preservation of the Collateral in its possession if the Collateral is accorded treatment substantially equal to that which the Collateral Agent Trustee accords similar property held by the Collateral Agent Trustee for similar accounts, it being understood that the Collateral Agent Trustee in its capacity as suchsuch shall not have any responsibility for

Appears in 1 contract

Samples: Pledge and Escrow Agreement (Rhythms Net Connections Inc)

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