No Duty of Secured Party. Secured Party shall have no responsibility for or obligation or duty with respect to all or any part of the Pledged Collateral or any matter or proceeding arising out of or relating thereto, including without limitation, any obligation or duty to collect any sums due in respect thereof or to protect or preserve any rights pertaining thereto.
Appears in 4 contracts
Samples: Stock Pledge Agreement (Omnivision Technologies Inc), Stock Pledge Agreement (Ibf Vi Guaranteed Income Fund), Junior Stock Pledge Agreement (Ibf Vi Guaranteed Income Fund)
No Duty of Secured Party. Except for the duty to exercise reasonable care in the custody and preservation of the Pledged Collateral in its possession, Secured Party shall have no responsibility for or obligation or duty with respect to all or any part of the Pledged Collateral or any matter or proceeding arising out of or relating thereto, including without limitation, any obligation or duty to collect any sums due in respect thereof or to protect or preserve any rights pertaining thereto.
Appears in 1 contract
Samples: Pledge and Security Agreement (Skilled Healthcare Group Inc)
No Duty of Secured Party. Secured Party shall have no responsibility for or obligation or duty with respect to all or exercise any part of the Pledged Collateral rights, privileges, options or any matter or proceeding arising out of or relating thereto, including without limitation, any obligation or duty to collect any sums due in respect thereof powers or to protect sell or preserve otherwise realize upon any rights pertaining theretoof the Collateral, as herein authorized, and Secured Party shall not be responsible for any failure to do so or delay in so doing.
Appears in 1 contract
Samples: Stock Pledge and Security Agreement (Ames National Corp)
