The Lender Group’s Liability for Collateral. Borrower hereby agrees that: (a) so long as the Lender Group complies with its obligations, if any, under Section 9207 of the Code, the Lender Group shall not in any way or manner be liable or responsible for: (i) the safekeeping of the Collateral; (ii) any loss or damage thereto occurring or arising in any manner or fashion from any cause; (iii) any diminution in the value thereof; or (iv) any act or default of any carrier, warehouseman, bailee, forwarding agency, or other Person; and (b) all risk of loss, damage, or destruction of the Collateral shall be borne by Borrower.
Appears in 5 contracts
Samples: Loan and Security Agreement (Ram Energy Inc/Ok), Loan and Security Agreement (Employee Solutions Inc), Loan and Security Agreement (Southwest Royalties Holdings Inc)
The Lender Group’s Liability for Collateral. Borrower hereby agrees that: (a) so long as the Lender Group complies with its obligations, if any, under Section 9207 9-207 of the Code, the Lender Group shall not in any way or manner be liable or responsible for: (i) the safekeeping of the Collateral; (ii) any loss or damage thereto occurring or arising in any manner or fashion from any cause; (iii) any diminution in the value thereof; or (iv) any act or default of any carrier, warehouseman, bailee, forwarding agency, or other Person; and (b) all risk of loss, damage, or destruction of the Collateral shall be borne by Borrower.
Appears in 5 contracts
Samples: Loan and Security Agreement (Network Plus Corp), Loan and Security Agreement (Network Plus Corp), Loan and Security Agreement (Network Plus Corp)
The Lender Group’s Liability for Collateral. Each Borrower hereby ------------------------------------------- agrees that: (a) so long as the Lender Group complies with its obligations, if any, under Section 9207 of the Code, the Lender Group Agent shall not in any way or manner be liable or responsible for: (i) the safekeeping of the Collateral; , (ii) any loss or damage thereto occurring or arising in any manner or fashion from any cause; , (iii) any diminution in the value thereof; , or (iv) any act or default of any carrier, warehouseman, bailee, forwarding agency, or other Person; , and (b) all risk of loss, damage, or destruction of the Collateral shall be borne by BorrowerBorrowers.
Appears in 4 contracts
Samples: Loan and Security Agreement (Friede Goldman Halter Inc), Loan and Security Agreement (Cellstar Corp), Loan and Security Agreement (Learningstar Corp)
The Lender Group’s Liability for Collateral. Each Borrower hereby agrees that: (a) so long as the Lender Group each Agent complies with its obligations, if any, under Section 9207 of the CodeCode or the PPSA, as applicable, the Lender Group shall not in any way or manner be liable or responsible for: (i) the safekeeping of the Collateral; , (ii) any loss or damage thereto occurring or arising in any manner or fashion from any cause; , (iii) any diminution in the value thereof; , or (iv) any act or default of any carrier, warehouseman, bailee, forwarding agency, or other Person; , and (b) all risk of loss, damage, or destruction of the Collateral shall be borne by BorrowerBorrowers.
Appears in 3 contracts
Samples: Credit Agreement (Arc Document Solutions, Inc.), Credit Agreement (American Reprographics CO), Credit Agreement (Seitel Inc)
The Lender Group’s Liability for Collateral. Parent and each Borrower hereby agrees that: (a) so long as the Lender Group Agent complies with its obligations, if any, under Section 9207 of the CodeCode or other Applicable Law, the Lender Group shall not in any way or manner be liable or responsible for: (i) the safekeeping of the Collateral; , (ii) any loss or damage thereto occurring or arising in any manner or fashion from any cause; , (iii) any diminution in the value thereof; , or (iv) any act or default of any carrier, warehouseman, bailee, forwarding agency, or other Person; , and (b) all risk of loss, damage, or destruction of the Collateral shall be borne by BorrowerBorrowers.
Appears in 2 contracts
Samples: Credit Agreement (Angiotech Pharmaceuticals Inc), Credit Agreement (Angiotech Pharmaceuticals Inc)
The Lender Group’s Liability for Collateral. Each Borrower hereby agrees that: (a) so long as the Lender Group Agent complies with its obligations, if any, under Section 9207 of the CodeCode or the PPSA, as applicable, the Lender Group shall not in any way or manner be liable or responsible for: (i) the safekeeping of the Collateral; , (ii) any loss or damage thereto occurring or arising in any manner or fashion from any cause; , (iii) any diminution in the value thereof; , or (iv) any act or default of any carrier, warehouseman, bailee, forwarding agency, or other Person; , and (b) all risk of loss, damage, or destruction of the Collateral shall be borne by BorrowerBorrowers.
Appears in 2 contracts
Samples: Credit Agreement (Kronos Worldwide Inc), Credit Agreement (Kronos Worldwide Inc)
The Lender Group’s Liability for Collateral. Each Borrower hereby agrees that: (a) so long as the Lender Group Agent complies with its obligations, if any, under Section 9207 of the CodeCode or the PPSA, as applicable, the Lender Group shall not in any way or manner be liable or responsible for: (i) the safekeeping of the Collateral; , (ii) any loss or damage thereto occurring or arising in any manner or fashion from any cause; , (iii) any diminution in the value thereof; , or (iv) any act or default of any carrier, warehouseman, bailee, forwarding agency, or other Person; , and (b) all risk of loss, damage, or destruction of the Collateral shall be borne by Borrowerthe Loan Parties.
Appears in 1 contract
The Lender Group’s Liability for Collateral. The Borrower hereby agrees that: (a) so long as the Lender Group Agent complies with its obligations, if any, under Section 9207 of the CodeCode or the PPSA, as applicable, the Lender Group shall not in any way or manner be liable or responsible for: (i) the safekeeping of the Collateral; , (ii) any loss or damage thereto occurring or arising in any manner or fashion from any cause; , (iii) any diminution in the value thereof; , or (iv) any act or default of any carrier, warehouseman, bailee, forwarding agency, or other Person; , and (b) all risk of loss, damage, or destruction of the Collateral shall be borne by Borrowerthe Loan Parties.
Appears in 1 contract
Samples: Guaranty and Security Agreement (Forum Energy Technologies, Inc.)
The Lender Group’s Liability for Collateral. Borrower hereby agrees that: (a) so long as the Lender Group Agent complies with its obligations, if any, under Section 9207 of the CodePPSA, the Code and other applicable law, the Lender Group shall not in any way or manner be liable or responsible for: (i) the safekeeping of the Collateral; , (ii) any loss or damage thereto occurring or arising in any manner or fashion from any cause; , (iii) any diminution in the value thereof; , or (iv) any act or default of any carrier, warehouseman, bailee, forwarding agency, or other Person; , and (b) all risk of loss, damage, or destruction of the Collateral shall be borne by Borrower.
Appears in 1 contract
Samples: Credit Agreement (Dialogic Inc.)
The Lender Group’s Liability for Collateral. Each Borrower hereby agrees that: (a) so long as the Lender Group complies with its obligations, if any, under Section 9207 of the Code, the Lender Group shall not in any way or manner be liable or responsible for: (i) the safekeeping of any of the Collateral; , (ii) any loss or damage thereto occurring or arising in any manner or fashion from any cause; , (iii) any diminution in the value thereof; , or (iv) any act or default of any carrier, warehouseman, bailee, forwarding agency, or other Person; , and (b) all risk of loss, damage, or destruction of the Collateral shall be borne by BorrowerBorrowers.
Appears in 1 contract
Samples: Loan and Security Agreement (Silicon Graphics Inc /Ca/)
The Lender Group’s Liability for Collateral. Borrower hereby agrees that: (a) so long as the Lender Group complies with its obligations, if any, under Section 9207 9-207 of the Code, the Lender Group shall not in any way or manner be liable or responsible for: (i) the safekeeping of the Collateral; (ii) any loss or damage thereto occurring or arising in any manner or fashion from any cause; (iii) any diminution in the value thereof; or (iv) any act or default of any carrier, warehouseman, bailee, forwarding agency, or other Person; and (b) all risk of loss, damage, or destruction of the Collateral shall be borne by Borrower.. 11.3
Appears in 1 contract
Samples: Loan and Security Agreement (CTC Communications Corp)
The Lender Group’s Liability for Collateral. Each Borrower hereby agrees that: (a) so long as the Lender Group complies with its obligations, if any, under Section 9207 of the Commercial Code, the no Agent and no Lender Group shall not in any way or manner be liable or responsible for: (i) the safekeeping of the Collateral; , (ii) any loss or damage thereto occurring or arising in any manner or fashion from any cause; , (iii) any diminution in the value thereof; , or (iv) any act or default of any carrier, warehouseman, bailee, forwarding agency, or other Person; , and (b) all risk of loss, damage, or destruction of the Collateral shall be borne by Borrowerthe Borrowers.
Appears in 1 contract
The Lender Group’s Liability for Collateral. The Borrower hereby agrees that: (a) so long as the Lender Group complies with its obligations, if any, under Section 9207 9-207 of the Code, the Lender Group shall not in any way or manner be liable or responsible for: (i) the safekeeping of the Collateral; (ii) any loss or damage thereto occurring or arising in any manner or fashion from any cause; (iii) any diminution in the value thereof; or (iv) any act or default of any carrier, warehouseman, bailee, forwarding agency, or other Person; and (b) all risk of loss, damage, or destruction of the Collateral shall be borne by the Borrower.
Appears in 1 contract
Samples: Loan and Security Agreement (Corrections Corp of America/Md)
The Lender Group’s Liability for Collateral. Each Borrower hereby agrees that: (a) so long as the Lender Group Agent complies with its obligations, if any, under Section 9207 of the Code, the PPSA or any other applicable law, the Lender Group shall not in any way or manner be liable or responsible for: (i) the safekeeping of the Collateral; , (ii) any loss or damage thereto occurring or arising in any manner or fashion from any cause; , (iii) any diminution in the value thereof; , or (iv) any act or default of any carrier, warehouseman, bailee, forwarding agency, or other Person; , and (b) all risk of loss, damage, or destruction of the Collateral shall be borne by BorrowerBorrowers.
Appears in 1 contract
The Lender Group’s Liability for Collateral. Each Borrower hereby agrees that: (a) so long as the Lender Group U.S. Agent complies with its obligations, if any, under Section 9207 of the CodeCode or other applicable law, the Lender Group shall not in any way or manner be liable or responsible for: (i) the safekeeping of the Collateral; , (ii) any loss or damage thereto occurring or arising in any manner or fashion from any cause; , (iii) any diminution in the value thereof; , or (iv) any act or default of any carrier, warehouseman, bailee, forwarding agency, or other Person; , and (b) all risk of loss, damage, or destruction of the Collateral shall be borne by BorrowerBorrowers.
Appears in 1 contract
Samples: Senior Revolving Credit Agreement (Bumble Bee Capital Corp.)
The Lender Group’s Liability for Collateral. Borrower hereby agrees ----------------------------------------------- that: (a) so long as the Lender Group complies with its obligations, if any, under Section 9207 of the Code, the Lender Group Agent shall not in any way or manner be liable or responsible for: (i) the safekeeping of the Collateral; , (ii) any loss or damage thereto occurring or arising in any manner or fashion from any cause; , (iii) any diminution in the value thereof; , or (iv) any act or default of any carrier, warehouseman, bailee, forwarding agency, or other Person; , and (b) all risk of loss, damage, or destruction of the Collateral shall be borne by Borrower.
Appears in 1 contract
The Lender Group’s Liability for Collateral. Each Borrower hereby agrees that: (a) so long as the Lender Group complies with its obligations, if any, under Section 9207 of the Code, the Lender Group shall not in any way or manner be liable or responsible for: (i) the safekeeping of any of the Collateral; , (ii) any loss or damage thereto occurring or arising in any manner or fashion from any cause; , (iii) any 56 diminution in the value thereof; , or (iv) any act or default of any carrier, warehouseman, bailee, forwarding agency, or other Person; , and (b) all risk of loss, damage, or destruction of the Collateral shall be borne by BorrowerBorrowers.
Appears in 1 contract
Samples: Loan and Security Agreement (Silicon Graphics Inc /Ca/)
