No Requirement to Perform. The Secured Party will not be bound to do, observe or perform or to see to the observance or performance by the Debtor of any obligations or covenants imposed upon the Debtor nor will the Secured Party, in the case of securities, instruments or chattel paper, be obliged to reserve rights against other persons, nor will the Secured Party be obliged to keep any of the Collateral identifiable.
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Samples: General Security Agreement (CurrencyWorks Inc.), Security Agreement, General Security Agreement (Search by HEADLINES.COM Corp.)
No Requirement to Perform. The Secured Party Parties will not be bound to do, observe or perform or to see to the observance or performance by the Debtor of any obligations or covenants imposed upon the Debtor nor will the Secured PartyParties, in the case of securities, instruments or chattel paper, be obliged to reserve rights against other persons, nor will the Secured Party Parties be obliged to keep any of the Collateral identifiable.
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