Common use of No Duty on Collateral Agent Clause in Contracts

No Duty on Collateral Agent. The powers conferred on the Collateral Agent hereunder are solely to protect the interests of the Collateral Agent and the other Senior Secured Parties in the Collateral and shall not impose any duty upon the Collateral Agent to exercise any such powers. The Collateral Agent shall be accountable only for the amounts that it actually receives as a result of the exercise of such powers, and neither it nor any of its officers, directors, employees or agents shall be responsible to any Grantor for any act or failure to act, except for the Collateral Agent’s own gross negligence or willful misconduct.

No Duty on Collateral Agent. s Part. The powers conferred on the Collateral Agent hereunder are solely to protect the Collateral Agent's interests of the Collateral Agent and the other Senior Secured Parties in the Collateral and shall not impose any duty upon the Collateral Agent to exercise any such powers. The Collateral Agent shall be accountable only for the amounts that it actually receives as a result of the exercise of such powers, and neither it nor any of its officers, directors, employees or agents shall be responsible to any such Grantor for any act or failure to actact hereunder, except for the Collateral Agent’s their own gross negligence or willful misconduct.

No Duty on Collateral Agent. The powers conferred on the Collateral Agent hereunder are solely to protect the its interests of the Collateral Agent and the other Senior Secured Parties in the Collateral and shall not impose any duty upon the Collateral Agent it to exercise any such powers. The Collateral Agent shall be accountable only for the amounts that it actually receives as a result of the exercise of such powers, and neither it nor any of the Maker agrees to hold harmless and indemnify Collateral Agent and its officers, directors, employees or agents shall be responsible to from and against any Grantor for any act and all claims, losses and liabilities arising out of or failure to actresulting from the Agreement (including without limitation enforcement of this Security Agreement) or Collateral Agent’s interest in the Collateral, except for claims, losses or liabilities arising or resulting from the Collateral Agent’s own gross negligence or willful misconduct.

No Duty on Collateral Agent. The powers conferred on the Collateral Agent hereunder are solely to protect the interests of the Collateral Agent and the other Senior Secured Parties Holders in the Collateral and shall not impose any duty upon the Collateral Agent to exercise any such powers. The Collateral Agent shall be accountable only for the amounts that it actually receives as a result of the exercise of such powers, and neither it nor any of its officers, directors, employees or agents shall be responsible to any Grantor for any act or failure to act, except for the Collateral Agent’s 's own gross negligence or willful misconduct.

No Duty on Collateral Agent. The powers conferred on the Collateral Agent hereunder are solely to protect the interests of the Collateral Agent and the other Senior Secured Parties Creditors in the Collateral and shall not impose any duty upon the Collateral Agent to exercise any such powers. The Collateral Agent shall be accountable only for the amounts that it actually receives as a result of the exercise of such powers, powers and neither it nor any of its officers, directors, employees or agents shall be responsible to any Grantor for any act or failure to act, except for the Collateral Agent’s 's own gross negligence or willful misconduct.

No Duty on Collateral Agent. The powers conferred on the Collateral Agent hereunder are solely to protect the its interests of the Collateral Agent and the other Senior Secured Parties in the Collateral and shall not impose any duty upon the Collateral Agent it to exercise any such powers. The Collateral Agent shall be accountable only for the amounts that it actually receives as a result of the exercise of such powers, and neither it nor any of its officers, directors, employees or agents shall be responsible to any Grantor Debtor for any act or failure to act, except for the Collateral Agent’s own gross negligence or willful misconduct.

No Duty on Collateral Agent. The powers conferred on the Collateral Agent hereunder are solely to protect the its interests of the Collateral Agent and the other Senior Secured Parties in the Collateral and shall not impose any duty upon the Collateral Agent it to exercise any such powers. The Collateral Agent shall be accountable only for the amounts that it they actually receives do not receive as a result of the exercise of such powers, powers and neither it any Purchaser nor any of its officers, directors, employees or agents shall be responsible to any the Grantor for any act or failure to act, except for the Collateral Agentsuch Purchaser’s own gross negligence or willful misconduct.

No Duty on Collateral Agent. The powers conferred on the Collateral Agent hereunder are solely to protect the interests of the Collateral Agent and the other Senior Secured Parties Lenders in the Collateral and shall not impose any duty upon the Collateral Agent to exercise any such powers. The Collateral Agent shall be accountable only for the amounts that it actually receives as a result of the exercise of such powers, and neither it nor any of its officers, directors, employees or agents shall be responsible to any Grantor Company for any act or failure to act, except for the Collateral Agent’s 's own gross negligence or willful misconduct.

No Duty on Collateral Agent. s Part. The powers conferred on the Collateral Agent hereunder are solely to protect the Collateral Agent's interests of the Collateral Agent and the other Senior Secured Parties in the Collateral and shall not impose any duty upon the Collateral Agent it to exercise any such powers. The Collateral Agent shall be accountable only for the amounts that it actually receives as a result of the exercise of such powers, and neither it nor any of its officers, directors, employees or agents shall be responsible to any Grantor Xxxxx for any act or failure to actact hereunder, except for the Collateral Agent’s its own gross negligence or willful misconduct.

No Duty on Collateral Agent. The powers conferred on the Collateral Agent hereunder are solely to protect the its interests of the Collateral Agent and the other Senior Secured Parties in the Collateral and shall not impose any duty upon the Collateral Agent it to exercise any such powers. The Collateral Agent shall be accountable only for the amounts that it actually receives as a result of the exercise of such powers, and neither it nor any of its officers, directors, employees or agents shall be responsible to any Grantor of the Obligors for any act or failure to act, except for the Collateral Agent’s 's own gross negligence or willful misconduct.

No Duty on Collateral Agent. s Part. The powers conferred on the Collateral Agent hereunder are solely to protect the Collateral Agent's interests of the Collateral Agent and the other Senior Secured Parties in the Collateral and shall not impose any duty upon the Collateral Agent it to exercise any such powers. The Collateral Agent shall be accountable only for the amounts that it actually receives as a result of the exercise of such powers, and neither it nor any of its officers, directors, employees or agents shall be responsible to any Grantor for Fincx xxx any act or failure to actact hereunder, except for the Collateral Agent’s its own gross negligence or willful misconduct.

No Duty on Collateral Agent. The powers conferred on the Collateral Agent hereunder are solely to protect the its interests of the Collateral Agent and the other Senior Secured Parties in the Collateral and shall not impose any duty upon the Collateral Agent it to exercise any such powers. The Collateral Agent shall be accountable only for the amounts that it actually receives as a result of the exercise of such powers, powers and neither it nor any of its officers, directors, employees or agents shall be responsible to any the Grantor for any act or failure to act, except for the Collateral Agent’s 's own gross negligence or willful misconduct.

No Duty on Collateral Agent. s Part. The powers conferred on the Collateral Agent hereunder are solely to protect the Collateral Agent's interests of the Collateral Agent and the other Senior Secured Parties in the Collateral and shall not impose any duty upon the Collateral Agent to exercise any such powers. The Collateral Agent shall be accountable only for the amounts that it actually receives as a result of the exercise of such powers, and neither it nor any of its officers, directors, employees or agents shall be responsible to any the Grantor for any act or failure to actact hereunder, except for the Collateral Agent’s their own gross negligence or willful misconduct.