Possession of Pledged Collateral. Beyond the exercise of reasonable care to assure the safe custody of the Pledged Collateral in the physical possession of Pledgee pursuant hereto, neither Pledgee nor any nominee of Pledgee shall have any duty or liability to collect any sums due in respect thereof or to protect, preserve or exercise any rights pertaining thereto, and shall be relieved of all responsibility for the Pledged Collateral upon surrendering them to Pledgor.
Appears in 9 contracts
Samples: Security Agreement, Security Agreement (Panther Expedited Services, Inc.), Security Agreement (Zap)
Possession of Pledged Collateral. Beyond the exercise of reasonable care to assure the safe custody of the Pledged Collateral in the physical possession of Pledgee pursuant hereto, neither Pledgee nor any nominee of Pledgee shall have any duty or liability to collect any sums due in respect thereof or to protect, preserve or exercise any rights pertaining thereto, and shall be relieved of all responsibility for the Pledged Collateral upon surrendering them same to Pledgor.
Appears in 3 contracts
Samples: Pledge Agreement (Action Performance Companies Inc), Pledge Agreement (Action Performance Companies Inc), Pledge Agreement (Action Performance Companies Inc)
Possession of Pledged Collateral. Beyond the exercise of reasonable care to assure the safe custody of the Pledged Collateral in the physical possession of Pledgee pursuant hereto, neither Pledgee nor any nominee of Pledgee shall have any duty or liability to collect any sums due in respect thereof or to protect, preserve or exercise any rights pertaining thereto, thereto and shall be relieved of all responsibility for the Pledged Collateral upon surrendering them surrender thereof to Pledgor.
Appears in 2 contracts
Samples: Pledge Agreement (Credentials Services International Inc), Pledge Agreement (Credentials Services International Inc)
Possession of Pledged Collateral. Beyond the exercise of reasonable care to assure the safe custody of the Pledged Collateral in the physical possession of Pledgee pursuant hereto, neither Pledgee nor any nominee of Pledgee shall have any duty or liability to collect any sums due in respect thereof or to protect, preserve or exercise any rights pertaining thereto, and shall be relieved of all responsibility for the Pledged Collateral upon surrendering them to PledgorPledgors.
Appears in 1 contract
Samples: Pledge Agreement (Darwin Professional Underwriters Inc)
