Common use of Secured Party's Duties of Reasonable Care Clause in Contracts

Secured Party's Duties of Reasonable Care. (a) Secured Party shall have the duty to exercise reasonable care in the custody and preservation of any Pledged Collateral in its possession, which duty shall be fully satisfied if such Pledged Collateral is accorded treatment substantially equal to that which Secured Party accords its own property and, with respect to any calls, conversions, exchanges, redemptions, offers, tenders or similar matters relating to any such Pledged Collateral (herein called “events”).

Appears in 1 contract

Samples: Pledge Agreement (Kansas City Southern)

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Secured Party's Duties of Reasonable Care. (a) 8.3.1 Secured Party shall have the duty to exercise reasonable care in the custody and preservation of any Pledged Collateral in its possession, which duty shall be fully satisfied if such Pledged Collateral is accorded treatment substantially equal to that which Secured Party accords its own property and, with respect to any calls, conversions, exchanges, redemptions, offers, tenders or similar matters relating to any such Pledged Collateral (herein called “events”)."EVENTS"):

Appears in 1 contract

Samples: Pledge Agreement (Distinctive Devices Inc)

Secured Party's Duties of Reasonable Care. (ai) Secured Party shall have the duty to exercise reasonable care in the custody and preservation of any Pledged Collateral in its possession, which duty shall be fully satisfied if such Pledged Collateral is accorded treatment substantially equal to that which Secured Party accords its own property and, with respect to any calls, conversions, exchanges, redemptions, offers, tenders or similar matters relating to any such Pledged Collateral (herein called “events”).,

Appears in 1 contract

Samples: Pledge Agreement (Golfsmith International Holdings Inc)

Secured Party's Duties of Reasonable Care. (a) Secured Party shall have the duty to exercise reasonable care in the custody and preservation of any Pledged Collateral in its possession, which duty shall be fully satisfied if such Pledged Collateral is accorded treatment substantially equal to that which Secured Party accords its own property and, with respect to any calls, conversions, exchanges, redemptions, offers, tenders or similar matters relating to any such Pledged Collateral (herein called “events”).,

Appears in 1 contract

Samples: Pledge Agreement (American Wagering Inc)

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Secured Party's Duties of Reasonable Care. (a) Secured Party shall have the duty to exercise reasonable care in the custody and preservation of any Pledged Collateral in its possession, which duty shall be fully satisfied if such Pledged Collateral is accorded treatment substantially equal to that which Secured Party accords its own property and, with respect to any calls, conversions, exchanges, redemptions, offers, tenders or similar matters relating to any such Pledged Collateral (herein called “events”"EVENTS").,

Appears in 1 contract

Samples: Pledge Agreement (Golfsmith International Holdings Inc)

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