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 by this Section 4 are solely to protect the Secured Party's interests in the Collateral and shall not impose any duty upon it to exercise any such powers. The Secured Party and its officers, directors, employees or agents shall, in the absence of willful misconduct or gross negligence, not be responsible to the Debtor for any act or failure to act pursuant to this Section 4.

No Duty on Secured Party’s Part. The powers conferred on the Secured Party and the Collateral Agent by this Section 4 are solely to protect the Secured Party's interests ’s interest in the Collateral and shall do not impose any duty upon it to exercise any such powers. The Secured Party will be accountable only for amounts that it actually receives as a result of the exercise of such powers, and its neither Secured Party nor any of their officers, directors, employees or agents shallwill, in the absence of willful misconduct or gross negligence, not be responsible to the Debtor Pledgor for any act or failure to act pursuant to this Section 4.

No Duty on Secured Party’s Part. The powers conferred on the Secured Party by this Section 4 5 are solely to protect the Secured Party's ’s interests in the Collateral and shall not impose any duty upon 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, and its neither the Secured Party nor any of their officers, directors, employees or agents shall, in the absence of negligence, willful misconduct or gross negligence, not be responsible to the Debtor for any act or failure to act pursuant to this Section 45.

No Duty on Secured Party’s Part. The powers conferred on the Secured Party by this Section 4 are solely to protect the Secured Party's interests interest in the Collateral and shall do not impose any duty upon it to exercise any such powers. The Secured Party will be accountable only for amounts that it actually receives as a result of the exercise of such powers, and its neither Secured Party nor any of their officers, directors, employees or agents shallwill, in the absence of willful misconduct or gross negligence, not be responsible to the Debtor Company for any act or failure to act pursuant to this Section 4.

No Duty on Secured Party’s Part. The powers conferred on the Secured Party by this Section 4 5 are solely to protect the Secured Party's ’s interests in the Collateral and shall not impose any duty upon 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, and neither the Secured Party nor its general partner or any of the general partner’s managers, officers, directors, employees or agents shall, in the absence of willful misconduct or gross negligence, not be responsible to the Debtor for any act or failure to act pursuant to this Section 45.

No Duty on Secured Party’s Part. The powers conferred on the Secured Party by this Section 4 are solely to protect the Secured Party's interests ’s interest in the Collateral and shall do not impose any duty upon it to exercise any such powers. The Secured Party will be accountable only for amounts that it actually receives as a result of the exercise of such powers, and neither Secured Party nor any of its officers, directors, employees or agents shallwill, in the absence of willful misconduct or gross negligence, not be responsible to the Debtor for any act or failure to act pursuant to this Section 4.

No Duty on Secured Party’s Part. The powers conferred on the Secured Party by this Section 4 3 are solely to protect the Secured Party's ’s interests in the Collateral and shall not impose any duty upon 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, and neither the Secured Party nor any of its officers, directors, employees or agents shall, in the absence of willful misconduct or gross negligence, not be responsible to the either Debtor for any act or failure to act pursuant to this Section 43.

No Duty on Secured Party’s Part. The powers conferred on the Secured Party by this Section 4 are solely to protect the Secured Party's interests ’s interest in the Collateral and shall do not impose any duty upon it to exercise any such powers. The Secured Party will be accountable only for amounts that it actually receives as a result of the exercise of such powers, and its neither Secured Party nor any of their officers, directors, employees or agents shallwill, in the absence of willful misconduct or gross negligence, not be responsible to the Debtor Pledgor for any act or failure to act pursuant to this Section 43.

No Duty on Secured Party’s Part. The powers conferred on the Secured Party by this Section 4 are solely to protect the Secured Party's interests ’s interest in the Collateral and shall do not impose any duty upon it to exercise any such powers. The Secured Party will be accountable only for amounts that it actually receives as a result of the exercise of such powers, and its neither Secured Party nor any of their officers, directors, employees or agents shallwill, in the absence of willful misconduct or gross negligence, not be responsible to the Debtor Pledgor for any act or failure to act pursuant to this Section 4.

No Duty on Secured Party’s Part. The powers conferred on the Secured Party and the Collateral Agent by this Section 4 are solely to protect the Secured Party's interests ’s interest in the Collateral and shall do not impose any duty upon it to exercise any such powers. The Secured Party will be accountable only for amounts that it actually receives as a result of the exercise of such powers, and its neither Secured Party nor any of their officers, directors, employees or agents shallwill, in the absence of willful misconduct or gross negligence, not be responsible to the Debtor Pledgors for any act or failure to act pursuant to this Section 4.