Common use of No Duty to Preserve Rights Clause in Contracts

No Duty to Preserve Rights. Without limiting the generality of the foregoing, the Agent has no duty (either before or after an Event of Default) to collect any amounts in respect of the Collateral or to preserve any rights relating to the Collateral.

Appears in 8 contracts

Samples: Securities Purchase Agreement (Security Devices International Inc.), Securities Purchase Agreement, Security Agreement (Vishay Precision Group, Inc.)

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No Duty to Preserve Rights. Without limiting the generality of the foregoing, the Collateral Agent has no duty (either before or after an Event of Default) to collect any amounts in respect of the Collateral or to preserve any rights relating to the Collateral.

Appears in 3 contracts

Samples: Security Agreement (Matritech Inc/De/), Security Agreement (Matritech Inc/De/), Security Agreement (Matritech Inc/De/)

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No Duty to Preserve Rights. Without limiting the generality of the foregoing, the Collateral Agent has no duty (either before or after an Event of Default) to collect any amounts in respect of the Collateral or to preserve any rights relating to the Collateral.

Appears in 2 contracts

Samples: Guarantee and Collateral Agreement (Vacasa, Inc.), Security Agreement (New Enterprise Stone & Lime Co., Inc.)

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