Custody and Preservation of the Collateral. Secured Party shall be deemed to have exercised reasonable care in the custody and preservation of the Collateral in its possession if the Collateral is accorded treatment substantially equal to that which comparable secured parties accord comparable collateral, it being understood and agreed, however, that Secured Party shall not have responsibility for (i) ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relative to any Collateral, whether or not Secured Party has or is deemed to have knowledge of such matters, or (ii) taking any necessary steps to preserve rights against Persons or entities with respect to any Collateral.
Custody and Preservation of the Collateral. The Collateral Agent shall be deemed to have exercised reasonable care in the custody and preservation of the Collateral in its possession if the Collateral is accorded treatment substantially equal to that which comparable secured parties accord comparable collateral, it being understood and agreed, however, that neither the Collateral Agent nor any Secured Party shall have responsibility for (i) ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relative to any Collateral, whether or not the Collateral Agent has or is deemed to have knowledge of such matters, or (ii) taking any necessary steps to preserve rights against Persons or entities with respect to any Collateral.
Custody and Preservation of the Collateral. Collateral Trustee shall be deemed to have exercised reasonable care in the custody and preservation of the Collateral in its possession if the Collateral is accorded treatment substantially equal to that which comparable secured parties accord comparable collateral, it being understood and agreed, however, that Collateral Trustee shall not have responsibility for ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relative to any Collateral, whether or not Collateral Trustee has or is deemed to have knowledge of such matters, or taking any necessary steps to preserve rights against Persons or entities with respect to any Collateral.
Custody and Preservation of the Collateral. Pledgee shall be deemed to have exercised reasonable care in the custody and preservation of any Shares in its possession (even if it fails to sell or convert Shares which are falling in market value) provided the Pledgee acts in a commercially reasonable manner. The failure of Pledgee to preserve or protect any rights with respect to any of the Shares against other parties shall not be deemed a failure to exercise reasonable care in the custody or preservation of such Shares.
Custody and Preservation of the Collateral. The powers conferred on Pledgee and Pledgeholder hereunder are solely to protect Pledgee's interest in the Collateral (including the Pledged Shares) and shall not impose any duty on either to exercise any such powers. Except, as to Pledgeholder, for the safe custody of such Collateral, if any, in its possession and the accounting for monies actually received by it hereunder, neither Pledgee nor Pledgeholder otherwise shall have any duty as to such Collateral. It is expressly acknowledged and agreed that neither Pledgee nor Pledgeholder shall have any responsibility for (i) ascertaining or taking any action with respect to calls, conversions, exchanges, maturities, tenders or other matters relative to the Pledged Shares, or (ii) taking any necessary steps to preserve rights against any third parties with respect to such Collateral. Pledgee and Pledgeholder shall be deemed to have exercised reasonable care in the custody and preservation of any such Collateral in its possession even if, upon or after the occurrence of an Event of Default, either fails to sell or convert such Collateral which is falling in market value, but either may do so, upon or after the occurrence of an Event of Default, at its option and all reasonable expenses incurred in connection therewith shall be for the sole account of Pledgor. The failure of either of Pledgee or Pledgeholder to preserve or protect any rights with respect to such Collateral against other parties will not be deemed a failure to exercise reasonable care in the custody or preservation of such Collateral.
Custody and Preservation of the Collateral. Bank shall be deemed to have exercised reasonable care in the custody and preservation of any Collateral in its possession if it takes such action for that purpose as Obligor requests in writing. Failure of Bank to comply with any such request shall not of itself be deemed a failure to exercise such reasonable care. The failure of Bank to preserve or protect any rights with respect to any of the Collateral against other parties, or to do any act with respect to the preservation of such Collateral not so requested by Obligor, shall not be deemed a failure to exercise reasonable care in the custody or preservation of such Collateral.
Custody and Preservation of the Collateral. Creditor will be deemed to ------------------------------------------ have exercised reasonable care in the custody and preservation of any Collateral in its possession (even if Creditor fails to sell or convert Collateral which is falling in market value). The failure of Creditor to preserve or protect any rights with respect to any of the Collateral against other parties may not be deemed a failure to exercise reasonable care in the custody of preservation of such Collateral.
Custody and Preservation of the Collateral. Secured Party ------------ ------------------------------------------ shall be deemed to have exercised reasonable care in the custody and preservation of the Collateral in its possession if the Collateral is accorded treatment substantially equal to that which comparable secured parties accord comparable collateral.
Custody and Preservation of the Collateral. The powers conferred on Pledgee hereunder are solely to protect Pledgee's interest in the Shares and shall not impose any duty on it to exercise any such powers. Except for the safe custody of the Shares in its possession and the accounting for monies actually received by it hereunder, Pledgee shall have no duty as to the Shares. It is expressly agreed that Pledgee shall not have responsibility for (i) ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relative to the Shares, whether or not Pledgee has or is deemed to have knowledge of such matters, or (ii) taking any necessary steps to preserve rights against any third parties with respect to the Shares. Pledgee shall be deemed to have exercised reasonable care in the custody and preservation of any Collateral in its possession (including the Shares) even if it fails to sell or convert Collateral which is falling in market value, but Pledgee may do so at its option and all reasonable expenses incurred in connection therewith shall be for the sole account of the Pledgor. The failure of Pledgee to preserve or protect any rights with respect to any of the Shares against other parties will not be deemed a failure to exercise reasonable care in the custody or preservation of such Shares.
Custody and Preservation of the Collateral. Secured Party shall be deemed to have exercised reasonable care in the custody and preservation of the Collateral in its possession if the Collateral is accorded treatment substantially equal to that which comparable secured parties accord comparable collateral, it being understood and agreed, however, that Secured Party shall not have responsibility for (i) ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relative to any Collateral, whether or not Secured Party has or is deemed to have knowledge of such matters, (ii) taking any necessary steps to preserve rights against persons or entities with respect to any Collateral,(iii) any actions taken by Coastal respecting the Pledged Securities that are not approved by or consented to by Secured Party or (iv) any actions taken by SJ Corp. respecting the Pledged Securities that are not approved by or consented to by Secured Party.
