Common use of No Liability For Failure to Exercise Remedies Clause in Contracts

No Liability For Failure to Exercise Remedies. The Secured Party shall not be liable or accountable for any delay or failure to exercise its remedies, take possession of, seize, collect, realize, sell, lease or otherwise dispose of or obtain payment for the Collateral. The Secured Party shall not be bound to institute proceedings for such purposes or for the purpose of preserving any rights, remedies or powers of the Secured Party, the Debtor or any other person in respect of the Collateral.

Appears in 2 contracts

Samples: Security Agreement (Digagogo Ventures Corp), Security Agreement (Digagogo Ventures Corp)

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No Liability For Failure to Exercise Remedies. The Secured Party shall not be liable or accountable for any delay or failure to exercise its remedies, take possession of, seize, collect, realize, sell, lease or otherwise dispose of or obtain payment for the Collateral. The Secured Party shall not be bound to institute proceedings for such purposes or for the purpose of preserving any rights, remedies or powers of the Secured Party, the Debtor or any other person Person in respect of the Collateral.

Appears in 1 contract

Samples: Security Agreement (Digagogo Ventures Corp)

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No Liability For Failure to Exercise Remedies. The Secured Party shall not be liable or accountable for any delay or failure to exercise its remedies, take possession of, seize, collect, realize, sell, lease or otherwise dispose of or obtain payment for the Collateral. The Secured Party shall not be bound to institute proceedings for such purposes or for the purpose of preserving any rights, remedies or powers of the Secured Party, the Debtor or any other person in respect of the CollateralCollateral or against any Account Debtor.

Appears in 1 contract

Samples: Security Agreement (Pacific Stratus Ventures LTD)

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