No Obligation to Enforce. Secured Party shall not be under any obligation to, or liable or accountable for any failure to, enforce payment or performance of the Obligations or to seize, realize, take possession of or dispose of the Collateral and shall not be under any obligation to institute proceedings for any such purpose.
Appears in 3 contracts
Samples: Agreement for the Sale and Assignment of Rights (NPS Pharmaceuticals Inc), Security Agreement (Nanogen Inc), Security Agreement (Nanogen Inc)
No Obligation to Enforce. The Secured Party shall not be under any obligation to, or liable or accountable for any failure to, enforce payment or performance of the Obligations or to seize, realize, take possession of or dispose of the Collateral and shall not be under any obligation to institute proceedings for any such purpose.
Appears in 2 contracts
Samples: Loan Agreement (Mitel Networks Corp), General Security Agreement (Mitel Networks Corp)
