Common use of Diminution in Value of Collateral Clause in Contracts

Diminution in Value of Collateral. Neither Agent nor any Lender has any liability or responsibility whatsoever for any diminution in or loss of value of any collateral now or in the future securing payment or performance of any of the Obligation (OTHER THAN diminution in or loss of value caused by its own gross negligence or willful misconduct).

Appears in 1 contract

Sources: Credit Agreement (Magnetek Inc)

Diminution in Value of Collateral. Neither Agent nor any Lender has any liability or responsibility whatsoever for any diminution in or loss of value of any collateral now or in the future securing payment or performance of any of the Obligation Obligations (OTHER THAN diminution in or loss of value caused by its own gross negligence or willful misconduct).

Appears in 1 contract

Sources: Credit Agreement (Pillowtex Corp)

Diminution in Value of Collateral. Neither No Agent nor any Lender has any liability or responsibility whatsoever for any diminution in or loss of value of any collateral Collateral now or in the future hereafter securing payment or performance of all or any part of the Obligation (OTHER THAN other than diminution in or loss of value caused by its own gross negligence or willful misconduct).

Appears in 1 contract

Sources: Credit Agreement (Prentiss Properties Trust/Md)

Diminution in Value of Collateral. Neither Agent nor any Lender has any liability or responsibility whatsoever for any diminution in or loss of value of any collateral now or in the future hereafter securing payment or performance of all or any part of the Obligation (OTHER THAN diminution in or loss of value caused by its own gross negligence or willful misconduct).

Appears in 1 contract

Sources: Credit Agreement (Nci Building Systems Inc)

Diminution in Value of Collateral. Neither No Agent nor or any Lender has any liability or responsibility whatsoever for any diminution in or loss of value of any collateral now or in the future hereafter securing payment or performance of all or any part of the Obligation (OTHER THAN other than diminution in or loss of value caused by its own gross negligence or willful misconduct).

Appears in 1 contract

Sources: Credit Agreement (Prologis Trust)