PLEDGOR’S DUTIES Clause Samples
The "Pledgor’s Duties" clause defines the responsibilities and obligations of the party pledging collateral (the pledgor) under a secured transaction. Typically, this clause requires the pledgor to maintain the collateral in good condition, avoid actions that could diminish its value, and provide necessary information or access to the secured party. For example, the pledgor may need to insure the collateral or refrain from selling or transferring it without consent. The core function of this clause is to protect the secured party’s interest in the collateral by ensuring it remains valuable and accessible throughout the term of the agreement.
PLEDGOR’S DUTIES. It is expressly agreed, anything herein contained to the contrary notwithstanding, that each Pledgor shall remain liable to perform all of the obligations, if any, assumed by it with respect to the Collateral and the Pledgee shall not have any obligations or liabilities with respect to any Collateral by reason of or arising out of this Agreement, except for the safekeeping of Collateral actually in Pledgor’s possession, nor shall the Pledgee be required or obligated in any manner to perform or fulfill any of the obligations of any Pledgor under or with respect to any Collateral.
PLEDGOR’S DUTIES. It is expressly agreed, anything herein contained to the contrary notwithstanding, that each Pledgor shall remain liable to perform all of the obligations, if any, assumed by it with respect to the Collateral and the Collateral Agent shall not have any obligations or liabilities with respect to any Collateral by reason of or arising out of this Agreement, nor shall the Collateral Agent be required or obligated in any manner to perform or fulfill any of the obligations of such Pledgor under or with respect to any Collateral except to the extent directly resulting from the Collateral Agent's gross negligence or willful misconduct or failure to act, in exercising its remedies hereunder, in a commercially reasonable manner.
PLEDGOR’S DUTIES. Pledgor shall perform, abide by and be governed by each and all of the terms, provisions, covenants and agreements set forth in this Agreement and in each and every supplement hereto or amendment hereof which may at any time or from time to time be executed and delivered by the parties hereto or their successors and assigns.
PLEDGOR’S DUTIES. It is expressly agreed, anything herein contained to the contrary notwithstanding, that Pledgor shall remain liable to perform all of the obligations, if any, assumed by it with respect to the Collateral, and Secured Party shall not be required or obligated in any manner to perform or fulfill any of the obligations of Pledgor under or with respect to any Collateral.
PLEDGOR’S DUTIES. Pledgor must assemble all records relating to ---------------- the Pledged Collateral and make them available to Pledgee as Pledgee directs, and execute all documents and instruments on Pledgee's request that Pledgee considers necessary or advisable to exercise its rights under this Agreement.
PLEDGOR’S DUTIES. 25 27. COUNTERPARTS..............................................................25 28. SEVERABILITY..............................................................25 29. RECOURSE..................................................................25
PLEDGOR’S DUTIES. It is expressly agreed, anything herein contained to the contrary notwithstanding, that each Pledgor shall remain liable to perform all of the obligations, if any, assumed by it with respect to the Collateral and the Pledgee shall not have any obligations or liabilities with respect to any Collateral by reason of or arising out of this Agreement, except for the safekeeping of Collateral actually in Pledgor's possession, nor shall the Pledgee be required or obligated in any manner to perform or fulfill any of the obligations of any Pledgor under or with respect to any Collateral, in each case unless the Pledgee shall become the absolute owner of such Collateral as a result of the exercise of its remedies hereunder pursuant to Section 7 of this Agreement.
PLEDGOR’S DUTIES. The powers conferred upon the Secured Party by this Agreement are solely to protect their interests in the Collateral and shall not impose any duty upon Secured Party to exercise any such powers. Secured Party shall not be under any duty whatsoever to make or give any presentment, demand for performance, notice of nonperformance, protest, notice of protest, notice of dishonor, or other notice or demand in connection with any Collateral or the Obligations, or to take any steps necessary to preserve any rights against prior parties.
PLEDGOR’S DUTIES. Pledgor must assemble all records relating to ---------------- the Pledged Collateral and make them available to GCC as GCC directs, and execute all documents and instruments on GCC's request that GCC considers necessary or advisable to exercise its rights under this Agreement.
PLEDGOR’S DUTIES. It is expressly agreed, anything herein contained to the contrary notwithstanding, that each Pledgor shall remain liable to perform all of the obligations, if any, assumed by it with respect to the Pledge Agreement Collateral and the Pledgee shall not have any obligations or liabilities with respect to any Pledge Agreement Collateral by reason of or arising out of this Agreement, except for the safekeeping of Pledge Agreement Collateral actually in Pledgor’s possession, nor shall the Pledgee be required or obligated in any manner to perform or fulfill any of the obligations of any Pledgor under or with respect to any Pledge Agreement Collateral.