No Duty or Obligation. The Custodian is under no duty or obligation to make or take any special arrangements or precautions beyond those required by the Rules or as specifically set forth in this Agreement.
No Duty or Obligation. We are under no duty or obligation to make or take any special arrangements or precautions beyond those required by the Rules or as specifically set forth in this agreement.
No Duty or Obligation. We are under no duty or obligation to make or take, or require any Sub-Custodian to make or take, any special arrangements or precautions beyond those required by the Rules or as specifically set forth herein.
No Duty or Obligation. The powers conferred on Secured Party --------------------- hereunder are solely to protect the interests of Secured Party in the Trademark Collateral and shall not impose any duty upon Secured Party to exercise any such powers. Secured Party shall be accountable only for 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 Borrower for any act or failure to act, except for its own willful misconduct taken or omitted in bad faith.
No Duty or Obligation. 4.1 No implied duties or obligations The Account Banks shall be obliged to perform only such duties as are set out in the Finance Documents and no implied duties or obligations shall be read into this Agreement against either of the Account Banks.
No Duty or Obligation. The Custodian is under no duty or obligation to make or take, or require any Sub-Custodian to make or take, any special arrangements or precautions beyond those required by the Rules or as specifically set forth in this Agreement. Notwithstanding anything to the contrary in this Agreement, the Custodian represents that the obligations, duties and responsibilities of any Sub-Custodian with respect to the segregation, identification and safekeeping of Bullion held by such Sub-Custodian under its arrangements with the Custodian will be no less protective than the obligations, duties and responsibilities of the Custodian with respect to the segregation, identification and safekeeping of Bullion held by the Custodian under this Agreement.
No Duty or Obligation. Lender in making disbursements pursuant to any agreement with Lessor is under no obligation or duty to, nor has Lender represented that it will, see to the application of the proceeds of the Loan by Lessor or any other persons to whom Lender disburses the proceeds of the Loan. Any application or use of such proceeds for purposes other than those provided for in any agreement between Lender and Lessor shall not defeat the subordination made in this Agreement, in whole or in part.
No Duty or Obligation. 13.1 No duty or obligation to be implied into this Agreement The Escrow Agent shall be obliged to perform only such duties as are set out in this Agreement and no implied duties or obligations shall be read into this Agreement against the Escrow Agent. Further no transfers of the monies lying to the credit of the Escrow Account and/or Special Account or any part thereof may be made in any manner except as mentioned in this Agreement.
