No Assumption of Duties; Reasonable Care. The rights and powers granted to the Trustee hereunder are being granted in order to preserve and protect the Trustee's and the Holders' first priority security interest in and to the Collateral granted hereby and shall not be interpreted to, and shall not, impose any duties on the Trustee in connection therewith other than those imposed under applicable law.
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Samples: Custody and Security Agreement (Superior Financial Corp /Ar/), Custody and Security Agreement (Superior Financial Corp /Ar/)
No Assumption of Duties; Reasonable Care. The rights and powers granted to the Trustee hereunder are being granted in order to preserve and protect the Trustee's and the Holders' first priority of Notes security interest in and to the Collateral granted hereby and shall not be interpreted to, and shall not, impose any duties on the Trustee in connection therewith other than those imposed under applicable law.
Appears in 2 contracts
Samples: Note Pledge Agreement (Tv Filme Inc), Collateral Pledge and Security Agreement (Tv Filme Inc)
No Assumption of Duties; Reasonable Care. The rights and powers granted to the Trustee hereunder are being granted in order to preserve and protect the Trustee's and the Holders' of Notes first priority security interest in and to the Collateral granted hereby and shall not be interpreted to, and shall not, impose any duties on the Trustee in connection therewith other than those imposed under applicable law.
Appears in 1 contract
Samples: Custody and Security Agreement (Convergent Communications Inc /Co)
No Assumption of Duties; Reasonable Care. The rights and ---------------------------------------- powers granted to the Trustee hereunder are being granted in order to establish, preserve and protect the Trustee's security interest of the Trustee and the Holders' first priority security interest Holders of the Notes in and to the Collateral granted hereby and shall not be interpreted to, to and shall not, not impose any duties on the Trustee in connection therewith other than those expressly provided herein or imposed under applicable law.applicable
Appears in 1 contract
No Assumption of Duties; Reasonable Care. The rights and powers granted to the Trustee hereunder are being granted in order to preserve and protect the Trustee's security interest of the Trustee and the Holders' first priority security interest Holders of the Notes in and to the Collateral granted hereby and shall not be interpreted to, and shall not, not impose any duties on the Trustee in connection therewith other than those expressly provided herein or imposed under applicable law.applicable
Appears in 1 contract
Samples: Escrow and Security Agreement (Dobson Communications Corp)
No Assumption of Duties; Reasonable Care. The rights and ---------------------------------------- powers granted to the Trustee hereunder are being granted in order to preserve and protect the Trustee's security interest of the Trustee and the Holders' first priority security interest Holders of the Notes in and to the Collateral granted hereby and shall not be interpreted to, and shall not, not impose any duties on the Trustee in connection therewith other than those expressly provided herein or imposed under applicable law.. Except as provided by
Appears in 1 contract
Samples: Collateral Pledge and Security Agreement (Primus Telecommunications Group Inc)
No Assumption of Duties; Reasonable Care. The rights and powers granted to the Trustee hereunder are being granted in order to preserve and protect the Trustee's and the Holdersholders' first priority of Securities security interest in and to the Collateral granted hereby and shall not be interpreted to, and shall not, impose any duties on the Trustee in connection therewith other than those expressly imposed under applicable law.. Except as provided by applicable law or by the Indenture, Trustee shall be deemed to have exercised reasonable care in the custody and preservation of the Collateral in its possession if the
Appears in 1 contract
