Common use of Degree of Care Clause in Contracts

Degree of Care. Any executed orders to be used as Bankers' Acceptances shall be held in safekeeping with the same degree of care as if they were the Lender's own property, and shall be kept at the place at which such orders are ordinarily held by such Lender.

Appears in 8 contracts

Samples: Credit Agreement (Agnico Eagle Mines LTD), Credit Agreement (CHC Helicopter Corp), Agreement (Rogers Communications Inc)

AutoNDA by SimpleDocs

Degree of Care. Any executed orders to be used as Bankers' Banker’s Acceptances shall be held in safekeeping with the same degree of care as if they were the Lender's ’s own property, and shall be kept at the place at which such orders are ordinarily held by such Lender.

Appears in 6 contracts

Samples: Credit Agreement (PHH Corp), Credit Agreement (Convergys Corp), Assignment Agreement (Waste Management Inc)

Degree of Care. Any executed orders to be used as Bankers' Acceptances shall be held in safekeeping with the same degree of care as if they were the Lender's ’s own property, and shall be kept at the place at which such orders are ordinarily held by such Lender.

Appears in 5 contracts

Samples: Assignment and Assumption (Rogers Communications Inc), Assignment and Assumption (Rogers Communications Inc), Assignment and Assumption (Rogers Communications Inc)

Degree of Care. Any executed orders to be used as Bankers' Banker's Acceptances shall be held in safekeeping with the same degree of care as if they were the Lender's own property, and shall be kept at the place at which such orders are ordinarily held by such Lender.

Appears in 1 contract

Samples: Credit Agreement (Anixter International Inc)

AutoNDA by SimpleDocs

Degree of Care. Any executed orders to be used as Bankers' Acceptances which are delivered to a Lender shall be held in safekeeping with the same degree of care as if they were the Lender's own property, and shall be kept at the place at which such orders are ordinarily held by such Lender.

Appears in 1 contract

Samples: Credit Agreement (Omega Cabinets LTD)

Degree of Care. Any executed orders to be used as Bankers' Acceptances shall be held by the Lender in safekeeping with the same degree of care as if they were the Lender's own propertyProperty, and shall be kept at the place at which such orders are ordinarily held by such the Lender.

Appears in 1 contract

Samples: International Royalty Corp

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