Common use of No Duty on Secured Party’s Part Clause in Contracts

No Duty on Secured Party’s Part. The powers ------------------------------- conferred on the Secured Party hereunder are solely to protect its interests in the Collateral and shall not impose any duty upon the Secured Party to exercise any such powers. The Secured Party shall be accountable only for amounts that it actually receives as a result of the exercise of such powers. None of the Secured Party's officers, directors, employees or agents shall be responsible to the Pledgor for any act or failure to act hereunder, except for their own gross negligence or willful misconduct.

No Duty on Secured Party’s Part. The powers ------------------------------- conferred on the Secured Party hereunder by this Section 5 are solely to protect its Secured Party’s interests in the Collateral and shall not impose any duty upon the Secured Party it to exercise any such powers. The Secured Party shall be accountable only for amounts that it he actually receives as a result of the exercise of such powers. None , and neither Secured Party nor any of the Secured Party's officers, directors, his employees or agents shall shall, in the absence of willful misconduct or gross negligence, be responsible to the Pledgor Debtor for any act or failure to act hereunder, except for their own gross negligence or willful misconductpursuant to this Section 5.

No Duty on Secured Party’s Part. The powers ------------------------------- conferred on the ----------------------------------- Secured Party hereunder by this Section 4 are solely to protect its the Secured Party's interests in the Collateral and shall not impose any duty upon the Secured Party it to exercise any such powers. The Secured Party shall be accountable only for amounts that it actually receives as a result of the exercise of such powers. None of the Secured Party's and its officers, directors, employees or agents shall shall, in the absence of willful misconduct or gross negligence, not be responsible to the Pledgor Debtor for any act or failure to act hereunder, except for their own gross negligence or willful misconductpursuant to this Section 4.

No Duty on Secured Party’s Part. The powers ------------------------------- conferred on the Secured Party hereunder by this Section 3 are solely to protect its interests Secured Party’s interest in the Collateral and shall do not impose any duty upon the Secured Party it to exercise any such powers. The Secured Party shall will be accountable only for amounts that it actually receives as a result of the exercise of such powers. None , and neither Secured Party nor any of the Secured Party's their officers, directors, employees or agents shall will, in the absence of willful misconduct or gross negligence, be responsible to the Pledgor Debtor for any act or failure to act hereunder, except for their own gross negligence or willful misconductpursuant to this Section 3.

No Duty on Secured Party’s Part. The powers ------------------------------- conferred on the Secured Party hereunder by this Section 3 are solely to protect its interests Secured Party’s interest in the Collateral and shall do not impose any duty upon the Secured Party it to exercise any such powers. The Secured Party shall will be accountable only for amounts that it actually receives as a result of the exercise of such powers. None , and neither Secured Party nor any of the Secured Party's their officers, directors, employees or agents shall will, in the absence of willful misconduct or gross negligence, be responsible to the Pledgor for any act or failure to act hereunder, except for their own gross negligence or willful misconductpursuant to this Section 3.

No Duty on Secured Party’s Part. The powers ------------------------------- conferred on the Secured Party hereunder are solely to protect its the Secured Party’s interests in the Collateral and shall not impose any duty upon the Secured Party to exercise any such powers. The Secured Party shall be accountable only for amounts that it they actually receives as a result of the exercise of such powers. None , and neither they nor any of the Secured Party's their officers, directors, employees or agents shall be responsible to the Pledgor Debtor for any act or failure to act hereunder, except for their its own gross negligence or willful misconduct.

No Duty on Secured Party’s Part. The powers ------------------------------- conferred on the Secured Party hereunder are solely to protect its Secured Party's interests in the Collateral and shall will not impose any duty upon the Secured Party it to exercise any such powers. The Secured Party shall be accountable only for amounts that it actually receives as a result of the exercise of such powers. None of the Secured Party's officers, directors, employees or and its agents shall will not be responsible to the Pledgor Debtor for any act or failure to act hereunder, except for their Secured Party's own gross negligence or willful misconduct. It is further agreed and understood between the parties hereto that such care as Secured Party gives to the safekeeping of its own property of like kind shall constitute reasonable care of the Collateral when in Secured Party's possession.

No Duty on Secured Party’s Part. The powers ------------------------------- conferred on the Secured ------------------------------- Party hereunder are solely to protect its Secured Party's interests in the Collateral and shall will not impose any duty upon the Secured Party it to exercise any such powers. The Secured Party shall be accountable only for amounts that it actually receives as a result of the exercise of such powers. None of the Secured Party's officers, directors, employees or and its agents shall will not be responsible to the Pledgor Debtor for any act or failure to act hereunder, except for their Secured Party's own gross negligence or willful misconduct. It is further agreed and understood between the parties hereto that such care as Secured Party gives to the safekeeping of its own property of like kind shall constitute reasonable care of the Collateral when in Secured Party's possession.

No Duty on Secured Party’s Part. The powers ------------------------------- conferred on the Secured Party hereunder are solely to protect its the Secured Party’s interests in the Collateral and shall not impose any duty upon the Secured Party to exercise any such powers. The Secured Party shall be accountable only for amounts that it they actually receives as a result of the exercise of such powers. None , and neither they nor any of the Secured Party's their officers, directors, employees or agents shall be responsible to the Pledgor Debtors for any act or failure to act hereunder, except for their its own gross negligence or willful misconduct.

No Duty on Secured Party’s Part. The powers ------------------------------- conferred on the Secured Party hereunder are solely to protect its the Secured Party’s interests in the Collateral and shall not impose any duty upon the Secured Party to exercise any such powers. The Secured Party shall be accountable only for amounts that it actually receives as a result of the exercise of such powers. None , and neither it nor any of the Secured Party's their officers, directors, employees or agents shall be responsible to the Pledgor any Grantor for any act or failure to act hereunder, except for their its own gross negligence or willful misconduct.

No Duty on Secured Party’s Part. The powers ------------------------------- conferred on the Secured Party hereunder by this Section 3 are solely to protect its interests Secured Party’s interest in the Collateral and shall do not impose any duty upon the Secured Party it to exercise any such powers. The Secured Party shall will be accountable only for amounts that it actually receives as a result of the exercise of such powers. None , and neither Secured Party nor any of the Secured Party's their officers, directors, employees or agents shall will, in the absence of willful misconduct or gross negligence, be responsible to the Company and Pledgor for any act or failure to act hereunder, except for their own gross negligence or willful misconductpursuant to this Section 3.

No Duty on Secured Party’s Part. The powers ------------------------------- conferred on the Secured Party hereunder are solely to protect its the Secured Party's interests in the Collateral and shall not impose any duty upon the Secured Party it to exercise any such powers. The Secured Party shall be accountable only for amounts that it actually receives as a result of the exercise of such powers. None , and neither it nor any of the Secured Party's its officers, directors, employees or agents shall be responsible to the Pledgor Debtor for any act or failure to act hereunder, except for their its own willful misconduct or gross negligence or willful misconductnegligence.

No Duty on Secured Party’s Part. The powers ------------------------------- conferred on the Secured Party hereunder are solely to protect its the Secured Party's interests in the Collateral and shall not impose any duty upon the Secured Party it to exercise any such powers. The Secured Party shall be accountable only for amounts that it actually receives as a result of the exercise of such powers. None , and neither it nor any of the Secured Party's its officers, directors, employees or agents shall be responsible to the Pledgor Debtor for any act or failure to act hereunder, except for its or their own gross negligence or willful misconduct.

No Duty on Secured Party’s Part. The powers ------------------------------- conferred on the Secured Party hereunder are solely to protect its the Secured Party’s interests in the Collateral and shall not impose any duty upon the Secured Party to exercise any such powers. The Secured Party shall be accountable only for amounts that it actually receives as a result of the exercise of such powers. None , and neither it nor any of the Secured Party's its officers, directors, employees or agents shall be responsible to the Pledgor any Individual Grantor for any act or failure to act hereunder, except for their its own gross negligence negligence, bad faith or willful misconduct.

No Duty on Secured Party’s Part. The powers ------------------------------- conferred on the Secured Party hereunder by this Section 3 are solely to protect its the Secured Party's interests in the Collateral and shall not impose any duty upon the Secured Party it to exercise any such powers. The Secured Party shall be accountable only for amounts that it actually receives as a result of the exercise of such powers. None of , and neither the Secured Party's Party nor any of its officers, directors, employees or agents shall shall, in the absence of willful misconduct or gross negligence, be responsible to the Pledgor Debtor for any act or failure to act hereunder, except for their own gross negligence or willful misconductpursuant to this Section 3.

No Duty on Secured Party’s Part. The powers ------------------------------- conferred on the Secured Party hereunder by this Section 3 are solely to protect its interests the Secured Party’s interest in the Collateral and shall do not impose any duty upon the Secured Party it to exercise any such powers. The Secured Party shall will be accountable only for amounts that it actually receives as a result of the exercise of such powers. None of , and the Secured Party's officersParty will not, directorsin the absence of willful misconduct or negligence, employees or agents shall be responsible to the Pledgor Debtor for any act or failure to act hereunder, except for their own gross negligence or willful misconductpursuant to this Section 3.