Disclaimer of Certain Duties. The powers conferred upon the Agent by this Security Agreement are to protect its interest in the Collateral and shall not impose any duty upon the Agent to exercise any such powers. Each Obligor hereby agrees that the Agent shall not be liable for, nor shall the indebtedness evidenced by the Secured Obligations be diminished by, the Agent's delay or failure to collect upon, foreclose, sell, take possession of or otherwise obtain value for the Collateral.
Appears in 2 contracts
Sources: Credit Agreement (Willbros Group Inc), Credit Agreement (Willbros Group Inc)