Care of Posted Collateral. Without limiting the Secured Party’s rights under Paragraph 6(c), the Secured Party will exercise reasonable care to assure the safe custody of all Posted Collateral to the extent required by applicable law, and in any event the Secured Party will be deemed to have exercised reasonable care if it exercises at least the same degree of care as it would exercise with respect to its own property. Except as specified in the preceding sentence, the Secured Party will have no duty with respect to Posted Collateral, including, without limitation, any duty to collect any Distributions, or enforce or preserve any rights pertaining thereto.
Care of Posted Collateral. Buyer shall exercise reasonable care to assure the safe custody of all Posted Collateral to the extent required by applicable Law, and in any event Buyer will be deemed to have exercised reasonable care if it exercises at least the same degree of care as it would exercise with respect to its own property. Except as specified in the preceding sentence, Buyer will have no duty with respect to the Posted Collateral, including without limitation, any duty to enforce or preserve any rights thereto.
Care of Posted Collateral. Each Party shall exercise reasonable care to assure the safe custody of all Posted Collateral to the extent required by applicable Law, and in any event a Party will be deemed to have exercised reasonable care if it exercises at least the same degree of care as it would exercise with respect to its own property. Except as specified in the preceding sentence, each Party will have no duty with respect to the Posted Collateral, including without limitation, any duty to enforce or preserve any rights thereto.
Care of Posted Collateral. The Secured Party shall exercise reasonable care to assure the safe custody of all Posted Collateral to the extent required by applicable law, and, in any event, the Secured Party will be deemed to have exercised reasonable care if it exercises at least the same degree of care as it would exercise with respect to its own property. Except as specified in the preceding sentence, the Secured Party will have no duty with respect to Posted Collateral, including without limitation, any duty to collect any distributions, or to enforce or preserve any rights pertaining thereto. The Secured Party will be entitled to hold Posted Collateral or, at its option and with the consent of the Posting Party (not to be unreasonably withheld or delayed), to appoint a custodian to hold such Posted Collateral on its behalf. The Parties shall negotiate in good faith a custody agreement with any such custodian. Upon the execution of such an agreement, the appointment of the custodian, and the delivery to the custodian of any Posted Collateral held by the Secured Party, the Posting Party’s obligations to make any transfer of Eligible Collateral to such Secured Party will be discharged by making such transfer to that custodian. The Secured Party will not be liable for the acts or omissions of its custodian so appointed.
Care of Posted Collateral. Supplementing the provisions of Paragraph 6(a), the Secured Party shall also be deemed to have exercised reasonable care if it takes such action for that purpose as the Pledgor shall reasonably request in writing (but no omission to comply with any such request shall by itself be deemed a failure to exercise reasonable care).
