Limitation on Agent definition
Limitation on Agent s Duties in Respect of Collateral. Other than the Agent's duties set forth in this Agreement as to the custody of Collateral and the proceeds thereof received by the Agent hereunder and thereunder and the accounting to the Debtor and the Lenders therefore, the Agent shall have no duty to the Debtor or the remaining Lenders with respect to any Collateral in its possession or control or in the possession or control of its agent or nominee, any income thereon, or the preservation of rights against prior parties or any other rights pertaining thereto.
Limitation on Agent. S, CANADIAN AGENT'S AND LENDERS' DUTY IN RESPECT OF COLLATERAL. Agent, Canadian Agent and each Lender shall use reasonable care with respect to the Collateral in its possession or under its control. None of Agent, Canadian Agent or any Lender shall have any other duty as to any Collateral in its possession or control or in the possession or control of any agent or nominee of Agent, Canadian Agent or such Lender, or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto.