Common use of Reasonable Care Clause in Contracts

Reasonable Care. The Pledgee shall be deemed to have exercised reasonable care in the custody and preservation of the Pledged Collateral in its possession if the Pledged Collateral is accorded treatment substantially equal to that which the Pledgee accords its own property, it being understood that the Pledgee shall not have any responsibility for (i) ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relative to any Pledged Collateral, whether or not the Pledgee has or is deemed to have knowledge of such matters, or (ii) taking any necessary steps to preserve rights against any parties with respect to any Pledged Collateral.

Appears in 17 contracts

Samples: Stock Pledge Agreement (Butler International Inc /Md/), Stock Pledge Agreement (Butler International Inc /Md/), Stock Pledge Agreement (Butler International Inc /Md/)

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Reasonable Care. The Pledgee shall be deemed to have exercised reasonable care in the custody and preservation of the Pledged Collateral Shares in its possession if the Pledged Collateral is Shares are accorded treatment substantially equal to the same as that which the Pledgee accords its own property; provided, it being understood however, that the Pledgee shall not have any responsibility for no obligation to (ia) ascertaining ascertain or taking take action with respect to calls, conversions, exchanges, maturities, tenders or other matters relative to any Pledged CollateralShares, whether or not the Pledgee has or is deemed to have knowledge of such matters, or (iib) taking take any necessary steps to preserve rights against any other parties with respect to any Pledged CollateralShares.

Appears in 5 contracts

Samples: Stock Pledge Agreement (Liveplex Co., Ltd.), Stock Pledge Agreement (Liveplex Co., Ltd.), Stock Pledge Agreement (Liveplex Co., Ltd.)

Reasonable Care. The Pledgee shall be deemed to have exercised reasonable care in the custody and preservation of the Pledged Collateral in its possession if the Pledged Collateral is accorded treatment substantially equal to that which the Pledgee accords its own property, it being understood that the Pledgee shall not have any responsibility for (i) ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relative to any Pledged Collateral, whether or not the Pledgee has or is deemed to have knowledge of such matters, or (ii) taking any necessary steps to preserve rights against any parties with respect to any Pledged Collateral.

Appears in 2 contracts

Samples: Stock Pledge Agreement (Lahaina Acquisitions Inc), Stock Pledge Agreement (Lahaina Acquisitions Inc)

Reasonable Care. The Pledgee shall be deemed to have exercised reasonable care in the custody and preservation of the Pledged Collateral in its possession if the Pledged Collateral is accorded treatment substantially equal to that which the Pledgee accords its own property, it being understood that the Pledgee shall not have any no responsibility for (i) ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relative to any Pledged Collateral, whether or not the Pledgee has or is deemed to have knowledge of such matters, or (ii) taking any necessary steps to preserve rights against any parties with respect to any Pledged Collateral.

Appears in 2 contracts

Samples: Stock Pledge Agreement (Acx Technologies Inc), Stock Pledge Agreement (Acx Technologies Inc)

Reasonable Care. The Pledgee shall be deemed to have exercised reasonable care in the custody and preservation of the Pledged Collateral in its possession if the Pledged Collateral is accorded treatment substantially equal to that which the Pledgee accords its own property, it being understood that the Pledgee shall not have any responsibility for (i) ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relative to any of the Pledged Collateral, whether or not the Pledgee has or is deemed to have knowledge of such matters, or (ii) taking any necessary steps to preserve rights against any parties with respect to any of the Pledged Collateral.

Appears in 2 contracts

Samples: Pledge Agreement (Eglobe Inc), Pledge Agreement (Eastern Airlines Inc)

Reasonable Care. The Pledgee shall be deemed to have exercised reasonable care in the custody and preservation of the Pledged Collateral in its possession if the Pledged Collateral is accorded treatment substantially equal to that which the Pledgee it accords its own property, it being understood that the Pledgee neither Pledgee, nor any Agent of Pledgee, shall not have any responsibility for (ia) ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relative to any Pledged Collateral, whether or not the Pledgee or Agent has or is deemed to have knowledge of such matters, or (iib) taking any necessary steps to preserve rights against any parties with respect to any Pledged Collateral.

Appears in 1 contract

Samples: Pledge Agreement (Celcor Inc)

Reasonable Care. The Pledgee shall be deemed to have exercised reasonable care in the custody and preservation of the Pledged Collateral in its possession if the Pledged Collateral is accorded treatment substantially equal to that which the Pledgee accords its own property, it being understood that the Pledgee shall not have any responsibility for (i) ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relative to any Pledged Collateral, whether or not the Pledgee has or is deemed to have any knowledge of such matters, or (ii) taking any necessary steps to preserve rights against any parties with respect to any Pledged Collateral.

Appears in 1 contract

Samples: Pledge Agreement (Associated Estates Realty Corp)

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Reasonable Care. The Pledgee shall be deemed to have exercised reasonable care in the custody and preservation of the Pledged Collateral in its possession if the Pledged Collateral is accorded treatment substantially equal to that which the Pledgee accords its own property, it being understood that the Pledgee shall not have any responsibility for (i) ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relative relating to any Pledged Collateral, whether or not the Pledgee 5 6 has or is deemed to have knowledge of such matters, or (ii) taking any necessary steps to preserve rights against any parties with respect to any Pledged Collateral. SECTION 10.

Appears in 1 contract

Samples: Pledge Agreement (Teekay Shipping Corp)

Reasonable Care. The Pledgee shall be deemed to have exercised reasonable care in the custody and preservation of the Pledged Collateral Shares in its possession if the Pledged Collateral is Shares are accorded treatment substantially equal to that which the Pledgee accords its own property, it being understood that the Pledgee shall not have any responsibility for (i) ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relative to any the Pledged CollateralShares, whether or not the Pledgee has or is deemed to have knowledge of such matters, or (ii) taking any necessary steps to preserve rights against any parties with respect to any the Pledged CollateralShares.

Appears in 1 contract

Samples: The9 LTD

Reasonable Care. The Pledgee shall be deemed to have exercised reasonable care in the custody and preservation of the Pledged Collateral in its possession if the Pledged Collateral Col lateral is accorded treatment substantially equal to that which the Pledgee accords its own property, it being understood that the Pledgee shall not have any responsibility for (i) ascertaining ascertain ing or taking action with respect to calls, conversions, exchangesex changes, maturities, tenders or other matters relative to any Pledged Collateral, whether or not the Pledgee has or is deemed to have knowledge of such matters, or (ii) taking any necessary steps to preserve rights against any parties with respect to any Pledged Collateral.

Appears in 1 contract

Samples: Credit and Security Agreement (Vicon Industries Inc /Ny/)

Reasonable Care. The Pledgee If Pledgees receive Collateral, Pledgees shall be deemed to have exercised reasonable care in the custody and preservation of the Pledged Collateral in its possession if the Pledged Collateral is accorded by Pledgees treatment substantially equal to that which the Pledgee Pledgees accords its their own property, it being understood that the Pledgee Pledgees shall not have any no responsibility for (i) ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relative to any Pledged Collateral, whether or not the Pledgee has Pledgees have or is are deemed to have knowledge of such matters, or (ii) taking any necessary steps to preserve rights against any parties with respect to any Pledged Collateral.

Appears in 1 contract

Samples: Pledge Agreement (PHC Inc /Ma/)

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