Common use of No Obligations or Liability to Pledgors Clause in Contracts

No Obligations or Liability to Pledgors. The rights and powers of the Pledgee hereunder are not contingent upon the pursuit by the Pledgee of any right or remedy against any Pledgor or against any other Person which may be or become liable in respect of any of the Secured Obligations or against any other collateral security or guarantee therefor or right of offset with respect thereto, but are solely to protect its interest in the Collateral. The Pledgee will not be liable for any failure to demand, collect or realize upon all or any part of the Collateral or for any delay in doing so, nor is the Pledgee under any obligation to sell or otherwise dispose of any Collateral upon the request of any Pledgor or any other Person or to take any other action whatsoever with regard to the Collateral or any part thereof. No action or inaction on the part of the Pledgee hereunder or under the Note will release any Pledgor from any of its obligations hereunder or under the Note, or constitute an assumption of any such obligations on the part of the Pledgee, or cause the Pledgee to become subject to any obligation or liability to any Pledgor. The Pledgee has no obligation to perform any of the obligations or duties of any Pledgor as a shareholder of Covista or Capsule.

No Obligations or Liability to Pledgors. The rights and powers of the Pledgee hereunder are not contingent upon the pursuit by the Pledgee of any right or remedy against any Pledgor or against any other Person which may be or become liable in respect of any of the Secured Obligations or against any other collateral security or guarantee therefor or right of offset with respect thereto, but are solely to protect its interest in the Collateral. The Pledgee will not be liable for any failure to demand, collect or realize upon all or any part of the Collateral or for any delay in doing so, nor is the Pledgee under any obligation to sell or otherwise dispose of any Collateral upon the request of any Pledgor or any other Person or to take any other action whatsoever with regard to the Collateral or any part thereof. No action or inaction on the part of the Pledgee hereunder or under the Note will release any Pledgor from any of its obligations hereunder or under the Note, or constitute an assumption of any such obligations on the part of the Pledgee, or cause the Pledgee to become subject to any obligation or liability to any Pledgor. The Pledgee has no obligation to perform any of the obligations or duties of any Pledgor as a shareholder of Covista or Capsulethe Issuer.

No Obligations or Liability to Pledgors. The rights and powers of the Pledgee hereunder are not contingent upon the pursuit by the Pledgee of any right or remedy against any Pledgor or against any other Person which may be or become liable in respect of any of the Secured Obligations or against any other collateral security or guarantee therefor or right of offset with respect thereto, but are solely to protect its interest in the Collateral. The Pledgee will not be liable for any failure to demand, collect or realize upon all or any part of the Collateral or for any delay in doing so, nor is the Pledgee under any obligation to sell or otherwise dispose of any Collateral upon the request of any Pledgor or any other Person or to take any other action whatsoever with regard to the Collateral or any part thereof. No action or inaction on the part of the Pledgee hereunder or under the Note will release any Pledgor from any of its obligations hereunder or under the Note, or constitute an assumption of any such obligations on the part of the Pledgee, or cause the Pledgee to become subject to any obligation or liability to any Pledgor. The Pledgee has no obligation to perform any of the obligations or duties of any Pledgor as a shareholder of Covista or CapsuleEpoch.