Common use of Reasonable Care Clause in Contracts

Reasonable Care. The Lender is required to exercise reasonable care in the custody and preservation of any of the Collateral in its possession; provided that the Lender shall be deemed to have exercised reasonable care in the custody and preservation of any of the Collateral, if it takes such action for that purpose as each Grantor reasonably requests in writing at times other than upon the occurrence and during the continuance of any Event of Default, but failure of the Lender to comply with any such request at any time shall not in itself be deemed a failure to exercise reasonable care.

Appears in 19 contracts

Samples: Pledge and Security Agreement (Unilife Corp), Acknowledgement and Agreement (Unilife Corp), Credit Agreement (TransMedics Group, Inc.)

AutoNDA by SimpleDocs

Reasonable Care. The Lender is required to exercise reasonable care in the custody and preservation of any of the Collateral in its possession; provided that provided, however, the Lender shall be deemed to have exercised reasonable care in the custody and preservation of any of the Collateral, if it takes such action for that purpose as each Grantor the Pledgor reasonably requests in writing at times other than upon the occurrence and during the continuance of any Event of Default, but failure of the Lender to comply with any such request at any time shall not in itself be deemed a failure to exercise reasonable care.

Appears in 10 contracts

Samples: Pledge Agreement (Future Petroleum Corp/Ut/), Pledge Agreement (Future Petroleum Corp/Ut/), Pledge Agreement (Future Petroleum Corp/Ut/)

Reasonable Care. The Lender is required to exercise reasonable care in the custody and preservation of any of the Collateral in its possession; provided provided, however, that the Lender shall be deemed to have exercised reasonable care in the custody and preservation of any of the Collateral, Collateral if it takes such action for that purpose purposes as each Grantor any owner thereof reasonably requests in writing at times other than upon the occurrence and during the continuance of any Event of Default, but failure of the Lender Lender, to comply with any such request at any time shall not in itself be deemed a failure to exercise reasonable care.. [THIS SPACE INTENTIONALLY LEFT BLANK]

Appears in 4 contracts

Samples: Security Agreement (Money4gold Holdings Inc), Security Agreement (Collexis Holdings, Inc.), Security Agreement (Money4gold Holdings Inc)

Reasonable Care. The Lender is required to exercise reasonable care in the custody and preservation of any of the Collateral in its possession; provided that provided, however, the Lender shall be deemed to have exercised reasonable care in the custody and preservation of any of the Collateral, if it takes such action for that purpose as each the Grantor reasonably requests in writing at times other than upon the occurrence and during the continuance of any Event of Default, but failure of the Lender to comply with any such request at any time shall not in itself be deemed a failure to exercise reasonable care.

Appears in 2 contracts

Samples: Security Agreement (Trace International Holdings Inc), Security Agreement (Trace International Holdings Inc)

Reasonable Care. The Lender is required to exercise reasonable care in the custody and preservation of any of the Collateral in its possession; provided provided, however, that the Lender shall be deemed to have exercised reasonable care in the custody and preservation of any of the Collateral, Collateral if it takes such action for that purpose purposes as each Grantor any owner thereof reasonably requests in writing at times other than upon the occurrence and during the continuance of any Event of Default, but failure of the Lender to comply with any such request at any time shall not in itself be deemed a failure to exercise reasonable care.

Appears in 1 contract

Samples: Security Agreement (Global Digital Solutions Inc)

Reasonable Care. The Lender is are required to exercise reasonable care in the custody and preservation of any of the Collateral in its possession; provided provided, however, that the Lender shall be deemed to have exercised reasonable care in the custody and preservation of any of the Collateral, Collateral if it takes such action for that purpose purposes as each Grantor any owner thereof reasonably requests in writing at times other than upon the occurrence and during the continuance of any Event of Default, but failure of the Lender to comply with any such request at any time shall not in itself be deemed a failure to exercise reasonable care.

Appears in 1 contract

Samples: Security Agreement (Eclips Media Technologies, Inc.)

Reasonable Care. The Lender is required to exercise reasonable care in the custody and preservation of any of the Collateral in its possession; provided that the provided, however, Lender shall be deemed to have exercised reasonable care in the custody and preservation of any of the Collateral, if it takes such action for that purpose as each Grantor Pledgor reasonably requests in writing at times other than upon the occurrence and during the continuance of any Event of Default, but failure of the Lender to comply with any such request at any time shall not in itself be deemed a failure to exercise reasonable care.

Appears in 1 contract

Samples: Pledge Agreement (Energy Search Inc)

Reasonable Care. The Lender is required to exercise reasonable care in the custody and preservation of any of the Collateral in its possession; provided that the Lender shall be deemed to have exercised reasonable care in the custody and preservation of any of the Collateral, if it takes such action for that purpose as each Grantor any Pledgor reasonably requests in writing at times other than upon the occurrence and during the continuance of any Event of DefaultSpecified Event, but failure of the Lender to comply with any such request at any time shall not in itself be deemed a failure to exercise reasonable care.

Appears in 1 contract

Samples: Pledge Agreement (Coeur Mining, Inc.)

AutoNDA by SimpleDocs

Reasonable Care. The Lender is required to exercise reasonable care in the custody and preservation of any of the Collateral in its possession; provided that the provided, however, Lender shall will be deemed to have exercised such reasonable care in the custody and preservation of any of the Collateral, Collateral if it Lender takes such action for that purpose as each Grantor any Borrower reasonably requests in writing at times other than upon after the occurrence and or during the continuance of a Default. Notwithstanding the foregoing, any Event of Default, but failure of the or refusal by Lender at any time to comply with any such request at by any time shall Borrower will not in itself be deemed a failure to exercise reasonable care.

Appears in 1 contract

Samples: Security Agreement (Homegold Financial Inc)

Reasonable Care. The Lender is required to exercise reasonable care in the custody and preservation of any of the Collateral in its possession; provided that PROVIDED, HOWEVER, the Lender shall be deemed to have exercised reasonable care in the custody and preservation of any of the Collateral, if it takes such action for that purpose as each Grantor the Pledgor reasonably requests in writing at times other than upon the occurrence and during the continuance of any Event of Default, but failure of the Lender to comply with any such request at any time shall not in itself be deemed a failure to exercise reasonable care.

Appears in 1 contract

Samples: Pledge Agreement (Bargo Energy Resources LTD)

Reasonable Care. The Lender is required to exercise reasonable care in the custody and preservation of any of the Collateral in its possession; provided provided, however, that the Lender shall be deemed to have exercised reasonable care in the custody and preservation of any of the Collateral, Collateral if it takes such action for that purpose purposes as each Grantor any owner thereof reasonably requests in writing at times other than upon the occurrence and during the continuance of any Event of Default, but failure of the Lender Lender, to comply with any such request at any time shall not in itself be deemed a failure to exercise reasonable care.

Appears in 1 contract

Samples: Security Agreement (Diamond Entertainment Corp)

Reasonable Care. The Lender is required to exercise reasonable care in the custody and preservation of any of the Collateral in its possession; provided that the Lender shall be deemed to have exercised reasonable care in the custody and preservation of any of the Collateral, if it takes such action for that purpose as each Grantor the Pledgor reasonably requests in writing at times other than upon the occurrence and during the continuance of any Event of DefaultSpecified Event, but failure of the Lender to comply with any such request at any time shall not in itself be deemed a failure to exercise reasonable care.

Appears in 1 contract

Samples: Pledge Agreement (Coeur Mining, Inc.)

Reasonable Care. The Lender is required to exercise reasonable care in the custody and preservation of any of the Collateral in its possession; provided that provided, however, the Lender shall be deemed to have exercised reasonable care in the custody and preservation of any of the Collateral, if it takes such action for that purpose as each any Grantor reasonably requests in writing at times other than upon the occurrence and during the continuance of any Event of Default, but failure of the Lender to comply with any such request at any time shall not in itself be deemed a failure to exercise reasonable care.in

Appears in 1 contract

Samples: Security Agreement (Asm International N V)

Time is Money Join Law Insider Premium to draft better contracts faster.