Common use of Collateral Custodian Clause in Contracts

Collateral Custodian. The Agent may at any time following the occurrence and during the continuance of an Event of Default employ and maintain in the premises of the Loan Parties a custodian selected by the Agent after consultation with the Lenders who shall have full authority to do all acts necessary to protect the Agent's and Lenders' interests and to report to the Agent thereon. The Loan Parties hereby agree to cooperate with any such custodian and to do whatever the Agent may reasonably request to preserve the Collateral. All reasonable costs and expenses incurred by the Agent and Lenders by reason of the employment of the custodian shall be charged to the Loan Parties' account and added to the Obligations.

Collateral Custodian. The Agent may at any time following Upon the occurrence and during the continuance of an any Default or Event of Default Default, Agent may at any time and from time to time employ and maintain in on the premises of the any Loan Parties Party a custodian selected by the Agent after consultation with the Lenders who shall have full authority to do all acts necessary to protect the Agent's and Lenders' interests interests. Each Loan Party hereby agrees to, and to report to the Agent thereon. The Loan Parties hereby agree to cause its Subsidiaries to, cooperate with any such custodian and to do whatever the Agent may reasonably request to preserve the Collateral. All reasonable costs and expenses incurred by the Agent and Lenders by reason of the employment engagement of the any such custodian shall be the responsibility of Borrowers and charged to the Loan Parties' account and added to the ObligationsAccount.

Collateral Custodian. The Agent may at any time following Upon the occurrence and during the continuance of an any Default or Event of Default Default, Agent may at any time and from time to time employ and maintain in on the premises of the any Loan Parties Party a custodian selected by the Agent after consultation with the Lenders who shall have full authority to do all acts necessary to protect the Agent's and Lenders' interests interests. Each Loan Party hereby agrees to, and to report to the Agent thereon. The Loan Parties hereby agree to cause its Subsidiaries to, cooperate with any such custodian and to do whatever the Agent may reasonably request to preserve the Collateral. All reasonable costs and expenses incurred by the Agent and Lenders by reason of the employment of the custodian shall be the responsibility of Borrowers and payable upon demand to Agent or charged to the Loan Parties' account and added to the ObligationsAccount.

Collateral Custodian. The Agent may at any time following Upon the occurrence and during the continuance of an any Default or Event of Default Default, Agent may at any time and from time to time employ and maintain in on the premises of the Loan Parties any Credit Party a custodian selected by the Agent after consultation with the Lenders who shall have full authority to do all acts necessary to protect Agent’s and the Agent's and Lenders' interests ’ interests. Each Credit Party hereby agrees to, and to report to the Agent thereon. The Loan Parties hereby agree to cause its Subsidiaries to, cooperate with any such custodian and to do whatever the Agent may reasonably request to preserve the Collateral. All reasonable costs and expenses incurred by the Agent and Lenders by reason of the employment of the custodian shall be the responsibility of the Borrowers and charged to the Loan Parties' account and added to the ObligationsAccount.

Collateral Custodian. The Agent may at any time following Upon the occurrence and during the continuance of an any Event of Default Default, the Agent may at any time and from time to time employ and maintain in on the premises of the any Loan Parties Party a custodian selected by the Agent after consultation with the Lenders who shall have full authority to do all acts necessary to protect the Agent's and Lenders' interests interests. Each Loan Party hereby agrees to, and to report to the Agent thereon. The Loan Parties hereby agree to cause its Subsidiaries to, cooperate with any such custodian and to do whatever the Agent may reasonably request to preserve the Collateral. All reasonable costs and expenses incurred by the Agent and Lenders by reason of the employment of the custodian shall be the responsibility of the Loan Party and charged to the Loan Parties' account and added to the ObligationsAccount.

Collateral Custodian. The Agent may at any time following Upon the occurrence and during the continuance of an any Event of Default Default, the Agent may at any time and from time to time employ and maintain in on the premises of the any Loan Parties Party a custodian selected by the Agent after consultation with the Lenders who shall have full authority to do all acts necessary to protect the Agent's and Lenders' interests ’s interests. Each Loan Party hereby agrees to, and to report to the Agent thereon. The Loan Parties hereby agree to cause its Subsidiaries to, cooperate with any such custodian and to do whatever the Agent may reasonably request to preserve the Collateral. All reasonable costs and expenses incurred by the Agent and Lenders by reason of the employment of the custodian shall be the responsibility of the Loan Party and charged to the Loan Parties' account and added to the ObligationsAccount.