Safekeeping of Inventory. Each Grantor shall be responsible for the safekeeping of its Inventory, and, subject to Section 16 hereof, in no event shall the Agent have any responsibility for:
(i) Any loss or damage to Inventory or destruction thereof occurring or arising in any manner or fashion from any cause;
(ii) Any diminution in the value of Inventory; or
(iii) Any act or default of any carrier, warehouseman, bailee or forwarding agency thereof or other Person in any way dealing with or handling Inventory.
Safekeeping of Inventory. Pledgor shall be responsible for the safekeeping of its Inventory, and in no event shall Secured Party or any Lender have any responsibility for:
(i) Any loss or damage to Inventory or destruction thereof occurring or arising in any manner or fashion from any cause other than as a result of gross negligence, bad faith or willful misconduct of the Agent or any Lender;
(ii) Any diminution in the value of Inventory; or
(iii) Any act or default of any carrier, warehouseman, bailee or forwarding agency thereof or other Person in any way dealing with or handling Inventory.
Safekeeping of Inventory. The Grantor shall be responsible for the safekeeping of its inventory, and, subject to Section 16 hereof, in no event shall the Secured Parties have any responsibility for:
(i) Any loss or damage to inventory or destruction thereof occurring or arising in any manner or fashion from any cause;
(ii) Any diminution in the value of inventory; or
(iii) Any act or default of any carrier, warehouseman, bailee or forwarding agency thereof or other Person in any way dealing with or handling inventory.
Safekeeping of Inventory. Each Borrower shall be responsible for the safekeeping of its Inventory, and in no event shall the Secured Party have any responsibility for:
(i) Any loss or damage to Inventory or destruction thereof occurring or arising in any manner or fashion from any cause (except if the Secured Party has taken possession of or otherwise has control of Inventory and then such loss or damage is a result of Secured Party's gross negligence or willful misconduct);
(ii) Any diminution in the value of Inventory; or
(iii) Any act or default of any carrier, warehouseman, bailee or forwarding agency thereof or other Person in any way dealing with or handling Inventory.
Safekeeping of Inventory. Secured Party shall not be responsible for (i) the safekeeping of the Inventory; (ii) any loss or damage thereto or destruction thereof occurring or arising in any manner or fashion from any cause; (iii) any diminution in the value of Inventory or (iv) any act or default of any carrier, warehouseman, bailee or forwarding agency or any other Person in any way dealing with or handling the Inventory, except to the extent that Debtor incurs any loss, cost, claim or damage from any of the foregoing as a result of the gross negligence or willful misconduct of Secured Party. All risk of loss, damage, distribution or diminution in value of the Inventory shall, except as noted in the previous sentence, be borne by Debtor.
Safekeeping of Inventory. Borrower shall be responsible for the safekeeping of its Inventory, and in no event shall Secured Party or any Lender have any responsibility for:
(i) Any loss or damage to Inventory or destruction thereof occurring or arising in any manner or fashion from any cause other than as a result of gross negligence, bad faith or willful misconduct of the Agent or any Lender;
(ii) Any diminution in the value of Inventory; or
(iii) Any act or default of any carrier, warehouseman, bailee or forwarding agency thereof or other Person in any way dealing with or handling Inventory.
Safekeeping of Inventory. INVENTORY COVENANTS. Borrower shall maintain all Inventory in good and salable condition at all times. Lender shall not be responsible for (i) the safekeeping of the Inventory; (ii) any loss or damage thereto or destruction thereof occurring or arising in any manner or fashion, except when caused by the failure of Lender or its agents to exercise reasonable care with respect to the Inventory during any period of time during which Lender has foreclosed upon and owns good title to such Inventory; (iii) any diminution in the value of Inventory or (iv) any act or default of any carrier, warehouseman, bailee or forwarding agency or any other Person in any way dealing with or handling the Inventory. All risk of loss, damage, distribution or diminution in value of the Inventory shall be borne, as between Borrower and Lender, by Borrower, except as provided in clause (ii) above.
Safekeeping of Inventory. The Company shall be responsible for: (a) the safekeeping of Inventory; (b) any loss or damage thereto or destruction thereof occurring or arising in any manner or fashion from any cause; and (c) any act of default by any carrier, bailee, warehouseman or forwarding agency thereof or other Person in any way dealing with or handling Inventory.
Safekeeping of Inventory. Prior to foreclosure or taking of possession, neither the Agent nor any Lender shall be liable for or responsible in any way for the safekeeping of the Inventory, or for any loss or damage thereto or for any diminution in the value thereof, or for any act or default of any carrier, warehouseman, or forwarding agency thereof, or other Person whomsoever, but the same shall be at all times at the Borrower's risk. All risk of loss, damage or destruction to the Inventory or any portion thereof shall be borne by the Borrower while in its possession or control.
Safekeeping of Inventory. Grantor shall be responsible for the safekeeping of its inventory, and in no event shall the Collateral Agent and/or any of the Secured Parties have any responsibility for: (i) any loss or damage to inventory or destruction thereof occurring or arising in any manner or fashion from any cause; (ii) any diminution in the value of inventory; or (iii) any act or default of any carrier, warehouseman, bailee or forwarding agency thereof or other Person in any way dealing with or handling inventory; unless, in each case, caused by Collateral Agent's or such Secured Party's gross negligence or willful misconduct.
