Preservation and Protection of Collateral. (a) Lender shall be under no duty or liability with respect to the collection, protection or preservation of the Collateral, or otherwise, beyond the use of reasonable care in the custody and preservation thereof while in its possession.
Appears in 2 contracts
Samples: Amended and Restated Pledge Agreement (Merlin Software Technologies International Inc), Pledge Agreement (Merlin Software Technologies International Inc)
Preservation and Protection of Collateral. (a) 3.1 Lender shall be under no duty or liability with respect to the collection, protection or preservation of the Collateral, Collateral or otherwise, beyond the use of reasonable care in the custody and preservation thereof while in its possession, or in the possession of its agent.
Appears in 1 contract
Samples: Pledge Agreement (Wi Lan Inc)
Preservation and Protection of Collateral. (a) Lender shall be under no duty or liability with respect to the collection, protection or preservation of the Collateral, or otherwise, beyond the use of reasonable care in the custody and preservation thereof while in its possession.
Appears in 1 contract
Samples: Pledge Agreement (First National Bancshares Inc /Sc/)
