Common use of THE SECURED PARTY'S RIGHTS WITH RESPECT TO THE COLLATERAL Clause in Contracts

THE SECURED PARTY'S RIGHTS WITH RESPECT TO THE COLLATERAL. 5.1 No Duty on the Secured Party's Part The Secured Party shall not be required to realize upon any Collateral, except at its option upon the occurrence of any Event of Default; collect the principal, interest or payment due thereon or exercise any rights or options of the Debtor pertaining thereto; make presentment, demand or protest; give notice of protest, nonacceptance or nonpayment; or do any other thing for the protection, enforcement or collection of any Collateral. The powers conferred on the Secured Party hereunder are solely to protect the Secured Party's interests in the Collateral and shall not impose any duty upon the Secured Party to exercise any such powers. The Secured Party shall be accountable only for amounts that it actually received as a result of the exercise of such powers; and shall not be responsible to the Debtor for any act or failure to act hereunder.

THE SECURED PARTY'S RIGHTS WITH RESPECT TO THE COLLATERAL. 5.1 No Duty on the Secured Party's Part The Secured Party and the Lenders shall not be required to realize upon any Collateral, except at its their option upon the occurrence of any Event of Default; collect the principal, interest or payment due thereon or exercise any rights or options of the Debtor pertaining thereto; make presentment, demand or protest; give notice of protest, nonacceptance or nonpayment; or do any other thing for the protection, enforcement or collection of any Collateral. The powers conferred on the Secured Party and the Lenders hereunder are solely to protect the Secured Party's and the Lenders' interests in the Collateral and shall not impose any duty upon the Secured Party or the Lenders to exercise any such powers. The Secured Party and the Lenders shall be accountable only for amounts that it they actually received receive as a result of the exercise of such powers; and neither the Secured Party nor the Lenders shall not be responsible to the Debtor for any act or failure to act hereunder.

THE SECURED PARTY'S RIGHTS WITH RESPECT TO THE COLLATERAL. 5.1 No Duty on the Secured Party's ’s Part The Secured Party shall not be required to realize upon any Collateral, (except at its option upon the occurrence of any Event of Default) to realize upon any Collateral; collect the principal, interest or payment due thereon or exercise any rights or options of the Debtor pertaining thereto; make presentment, demand or protest; give notice of protest, nonacceptance or nonpayment; or do any other thing for the protection, enforcement or collection of any Collateral. The powers conferred on the Secured Party hereunder are solely to protect the Secured Party's ’s interests in the Collateral and shall not impose any duty upon the Secured Party to exercise any such powers. The Secured Party shall be accountable only for amounts that it the Secured Party actually received receives as a result of the exercise of such powers; and neither the Secured Party nor any of its officers, directors, employees or agents shall not be responsible to the Debtor for any act or failure to act hereunder.