Pledgeholder Liability. In the absence of willful or gross negligence, Pledgeholder shall not be liable to any party for any of his acts, or omissions to act, as Pledgeholder.
Appears in 74 contracts
Samples: Security Agreement (Nextest Systems Corp), Security Agreement (Neurocrine Biosciences Inc), Security Agreement (Neurocrine Biosciences Inc)
Pledgeholder Liability. In the absence of willful or gross ---------------------- negligence, Pledgeholder shall not be liable to any party for any of his acts, or omissions to act, as Pledgeholder.
Appears in 20 contracts
Samples: Security Agreement (Numerical Technologies Inc), Security Agreement (Pointcast Inc), Security Agreement (Biomarin Pharmaceutical Inc)
Pledgeholder Liability. In the absence of willful or gross negligence, (a) Pledgeholder shall not be liable to any party for any of his acts, or omissions to act, as PledgeholderPledgeholder unless Pledgeholder is proved to have acted in bad faith. Any act done or omitted pursuant to the advice of legal counsel, other than an act or omission involving gross or wilful negligence, shall be deemed to be done or omitted in good faith.
Appears in 16 contracts
Samples: Security Agreement (Evolve Software Inc), Security Agreement (Evolve Software Inc), Security Agreement (Evolve Software Inc)
Pledgeholder Liability. In the absence of willful or gross negligence, ---------------------- Pledgeholder shall not be liable to any party for any of his acts, or omissions to act, as Pledgeholder.
Appears in 12 contracts
Samples: Security Agreement (Cabletron Systems Inc), Security Agreement (Rational Software Corp), Security Agreement (Pointcast Inc)
Pledgeholder Liability. In the absence of willful or gross negligence, (a) Pledgeholder shall not be liable to any party for any of his acts, or omissions to act, as PledgeholderPledgeholder unless Pledgeholder is proved to have acted in bad faith. Any act done or omitted pursuant to the advice of legal counsel, other than an act or omission involving gross or willful negligence, shall be deemed to be done or omitted in good faith.
Appears in 10 contracts
Samples: Restricted Stock Purchase Agreement (Rstar Corp), Restricted Stock Purchase Agreement (Zapme Corp), Restricted Stock Purchase Agreement (Yesmail Com Inc)
Pledgeholder Liability. In the absence of willful misconduct or gross ---------------------- negligence, Pledgeholder shall not be liable to any party for any of his acts, or omissions to act, as Pledgeholder.
Appears in 7 contracts
Samples: Security Agreement (Ibeam Broadcasting Corp), Security Agreement (Ibeam Broadcasting Corp), Security Agreement (Sunrise Telecom Inc)
Pledgeholder Liability. In the absence of willful or gross negligence, Pledgeholder shall not be liable to any party for any of his or her acts, or omissions to act, as Pledgeholder.
Appears in 3 contracts
Samples: Employment Agreement (Lantronix Inc), Employment Agreement (Lantronix Inc), Loan Agreement (Connetics Corp)
Pledgeholder Liability. In the absence of willful or gross negligence, Pledgeholder shall not be liable to any party for any of his acts, or omissions to act, as Pledgeholder. 12.
Appears in 2 contracts
Samples: Stand Alone (Rational Software Corp), Rational Software Corp
Pledgeholder Liability. In the absence of willful or gross negligence, (a) Pledgeholder shall not be liable to any party for any of his acts, or omissions to act, as PledgeholderPledgeholder unless Pledgeholder is proved to have acted in bad faith Any act done or omitted pursuant to the advice of legal counsel, other than an act or omission involving gross or wilful negligence, shall be deemed to be done or omitted in good faith.
Appears in 2 contracts
Samples: Security Agreement (Evolve Software Inc), Security Agreement (Evolve Software Inc)
Pledgeholder Liability. In the absence of willful or gross negligence, ---------------------- Pledgeholder shall not be liable to any party for any of his Pledgeholder's acts, or omissions to act, as Pledgeholder.
Appears in 1 contract
Pledgeholder Liability. In the absence of willful or gross negligence, ----------------------- Pledgeholder shall not be liable labile to any party for any of his acts, or omissions to act, as Pledgeholder.
Appears in 1 contract
Pledgeholder Liability. In the absence of willful or gross negligence, Pledgeholder shall not be liable to any party for any of his acts, or omissions to act, as Pledgeholder. B-2 6 11.
Appears in 1 contract
Pledgeholder Liability. In the absence of willful or gross negligence, Pledgeholder ---------------------- Pledgee shall not be liable to any party for any of his acts, or omissions to act, as PledgeholderPledgeholder pursuant to the Joint Escrow Instructions attached hereto as Exhibit 2.
Appears in 1 contract
Pledgeholder Liability. In the absence of willful or gross negligence, ---------------------- Pledgeholder shall not be liable to any party for any of his or her acts, or omissions to act, as Pledgeholder.
Appears in 1 contract
Pledgeholder Liability. In the absence of willful or gross negligence, (a) Pledgeholder shall not be liable to any party for any of his acts, ; or omissions to act, as PledgeholderPledgeholder unless Pledgeholder is proved to have acted in bad faith. Any act done or omitted pursuant to the advice of legal counsel, other than an act or omission involving gross or wilful negligence, shall be deemed to be done or omitted in good faith.
Appears in 1 contract
Pledgeholder Liability. In the absence of willful or gross negligence, (a) Pledgeholder shall not be liable to any party for any of his acts, or omissions to act, as PledgeholderPledgeholder unless Pledgeholder is proved to have acted in bad faith Any act done or omitted pursuant to the advice of legal counsel, other than an act or omission involving gross or willful negligence, shall be deemed to be done or omitted in good faith.
Appears in 1 contract
Pledgeholder Liability. In the absence of willful or gross negligence, Pledgeholder shall not be liable to any party for any of his acts, or omissions to act, as Pledgeholder. 13.
Appears in 1 contract
Pledgeholder Liability. In the absence of willful or gross negligence, Pledgeholder ---------------------- Plegdeholder shall not be liable to any party for any of his its acts, or omissions to act, as Pledgeholder.
Appears in 1 contract
Samples: Security Agreement (Computer Access Technology Corp)
Pledgeholder Liability. In the absence of willful or gross negligence, Pledgeholder shall not be liable to any party for any of his its acts, or omissions to act, as Pledgeholder.
Appears in 1 contract
Pledgeholder Liability. In the absence of willful or gross negligence, a) Pledgeholder shall not be liable to any party for any of his acts, or omissions to act, as PledgeholderPledgeholder unless Pledgeholder is proved to have acted in bad faith. Any act done or omitted pursuant to the advice of legal counsel, other than an act or omission involving gross or wilful negligence, shall be deemed to be done or omitted in good faith.
Appears in 1 contract
Pledgeholder Liability. In the absence of willful or gross negligence, ---------------------- Pledgeholder shall not be liable labile to any party for any of his acts, or omissions to act, as Pledgeholder.
Appears in 1 contract
