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 and the Holders of Notes 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 imposed under applicable law.

Appears in 2 contracts

Samples: Pledge Agreement (Orbital Imaging Corp), Pledge Agreement (Orbital Imaging 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 and the Holders of Notes 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 imposed under applicable law.

Appears in 1 contract

Samples: Pledge and Security Agreement (Amsc Acquisition Co Inc)

No Assumption of Duties; Reasonable Care. The rights and powers granted to the Collateral Agent or the Trustees hereunder are being granted in order to preserve and protect the Collateral Agent's Liens and security interest of the Collateral Agent and the Holders of Notes 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 imposed under applicable law.Collateral

Appears in 1 contract

Samples: Company Senior Note Security and Pledge Agreement (PLD Telekom Inc)

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 Agent's and the Holders' of Notes security interest of the Collateral Agent and the Holders of Notes 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 imposed under applicable law.

Appears in 1 contract

Samples: Collateral Pledge and Security Agreement (Alliance Pharmaceutical 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 and for the ratable benefit of the Holders of Notes in and to the Collateral granted hereby and shall not be interpreted to, and shall not, impose any duties on the Collateral Agent or such holders in connection therewith other than those imposed under applicable lawtherewith.

Appears in 1 contract

Samples: Pledge Agreement (Telehub Communications Corp)

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