Obligations and Liabilities with respect to Collateral. Neither the Secured Party nor any related person thereof shall be liable for failure to demand, collect or realize upon any Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of the Grantor or any other Person or to take any other action whatsoever with regard to any Collateral. The powers conferred on the Secured Party hereunder shall not impose any duty upon the Secured Party to exercise any such powers.
Appears in 2 contracts
Samples: Security Agreement (UA Granite Corp), Security Agreement (Stevia Corp)
Obligations and Liabilities with respect to Collateral. Neither the No Secured Party nor any related person and no Related Person thereof shall be liable for failure to demand, collect or realize upon any Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of the any Grantor or any other Person or to take any other action whatsoever with regard to any Collateral. The powers conferred on the Secured Party hereunder shall not impose any duty upon the Secured Party to exercise any such powers.
Appears in 2 contracts
Samples: Guaranty and Security Agreement (iRhythm Technologies, Inc.), Guaranty and Security Agreement (iRhythm Technologies, Inc.)
