Common use of Reasonable Care Clause in Contracts

Reasonable Care. Agent is required to exercise reasonable care in the custody and preservation of any of the Collateral in its possession; provided, however, Agent 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 Grantor reasonably requests in writing at times other than upon the occurrence and during the continuance of any Event of Default, but failure of Agent to comply with any such request at any time shall not in itself be deemed a failure to exercise reasonable care.

Appears in 7 contracts

Samples: Security Agreement (Lancer Corp /Tx/), Security Agreement (Lancer Corp /Tx/), Security Agreement (Packaged Ice Inc)

AutoNDA by SimpleDocs

Reasonable Care. The Agent is required to exercise reasonable care in the custody and preservation of any of the Collateral in its possession; provided, however, the Agent 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 Grantor the Borrower reasonably requests in writing at times other than upon the occurrence and during the continuance of any Event of Default, but failure of the Agent to comply with any such request at any time shall not in itself be deemed a failure to exercise reasonable care.

Appears in 4 contracts

Samples: Pledge Agreement (Calpine Corp), Note Pledge Agreement (Calpine Corp), First Amendment Pledge Agreement (Calpine Corp)

Reasonable Care. The Agent is required to exercise reasonable care in the custody and preservation of any of the Collateral in its possession; provided, however, the Agent 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 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 Agent to comply with any such request at any time shall not in itself be deemed a failure to exercise reasonable care.

Appears in 4 contracts

Samples: Pledge Agreement (Novamed Inc), Pledge Agreement (Novamed Inc), Subsidiary Pledge Agreement (Aristotle Corp)

Reasonable Care. The Agent is required to exercise reasonable care in the custody and preservation of any of the Collateral in its possession; provided, however, the Agent 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 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 Agent to comply with any such request at any time shall not in itself be deemed a failure to exercise reasonable care.

Appears in 4 contracts

Samples: Pledge Agreement (Novamed Inc), Pledge Agreement (Novamed Inc), Credit Agreement (Calpine Corp)

Reasonable Care. The Agent is required to exercise reasonable care in the custody and preservation of any of the Collateral in its possession; provided, however, provided that the Agent 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 Specified Default, but failure of the Agent to comply with any such request at any time shall not in itself be deemed a failure to exercise reasonable care.

Appears in 3 contracts

Samples: Security Agreement (Empire Resources Inc /New/), Security Agreement (Empire Resources Inc /New/), Credit Agreement (Empire Resources Inc /New/)

Reasonable Care. The Agent is required to exercise reasonable care in the custody and preservation of any of the Collateral in its possession; providedPROVIDED, howeverHOWEVER, the Agent 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 as 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 Agent 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: Pledge Agreement (Key Components LLC), Valley Forge Pledge Agreement (Key Components LLC)

Reasonable Care. The Agent is required to exercise reasonable care in the custody and preservation of any of the Collateral in its possession; provided, however, the Agent 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 a Grantor reasonably requests in writing at times other than upon the occurrence and during the continuance of any an Event of Default, but failure of the Agent 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: Pledge Agreement (Novamed Inc), Pledge Agreement (Novamed Inc)

Reasonable Care. The Agent is required to exercise reasonable care in the custody and preservation of any of the Collateral in its possession; provided, however, the Agent 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 Grantor a 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 Agent 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: Pledge Agreement (Novamed Inc), Pledge Agreement (Novamed Inc)

Reasonable Care. The Agent is required to exercise reasonable care in the custody and preservation of any of the Collateral in its possession; providedPROVIDED, howeverHOWEVER, the Agent 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 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 Agent 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: Credit Agreement (Aristotle Corp), Country Trademark Serial No (Leiner Health Products Inc)

Reasonable Care. The Agent is required to exercise reasonable care in the custody and preservation of any of the Collateral in its possession; providedPROVIDED, howeverHOWEVER, the Agent 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 Grantor any of the Grantors reasonably requests request in writing at times other than upon the occurrence and during the continuance of any Event of Default, but failure of the Agent 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: Subsidiary Security Agreement (Aristotle Corp)

Reasonable Care. The Agent is required to exercise reasonable --------------- care in the custody and preservation of any of the Collateral in its possession; provided, however, the Agent 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 Grantor any of the Grantors reasonably requests request in writing at times other than upon the occurrence and during the continuance of any Event of Default, but failure of the Agent 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 (Aristotle Corp)

Reasonable Care. Agent is The Agents are required to exercise reasonable care in the custody and preservation of any of the Collateral in its their possession; providedPROVIDED, howeverHOWEVER, Agent the Agents shall be deemed to have exercised reasonable care in the custody and preservation of any of the Collateral, if it takes they take such action for that purpose as 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 Agent the Agents 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: Borrower Pledge Agreement (Leiner Health Products Inc)

Reasonable Care. Agent is The Agents are required to exercise reasonable care in the custody and preservation of any of the Collateral in its their possession; providedPROVIDED, howeverHOWEVER, Agent the Agents shall be deemed to have exercised reasonable care in the custody and preservation of any of the Collateral, if it takes they take such action for that purpose as 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 Agent the Agents to comply with any such request at any time shall not in itself be deemed a failure to exercise reasonable care.. ARTICLE VI

Appears in 1 contract

Samples: Parent Pledge Agreement (Leiner Health Products Inc)

Reasonable Care. The Agent is required to exercise reasonable --------------- care in the custody and preservation of any of the Collateral in its possession; provided, however, the Agent 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 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 Agent 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 (Aristotle Corp)

AutoNDA by SimpleDocs

Reasonable Care. The Agent is required to exercise --------------- reasonable care in the custody and preservation of any of the Collateral in its possession; provided, however, the Agent 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 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 Agent 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 (Aristotle Corp)

Reasonable Care. The Agent is required to exercise reasonable care in the custody and preservation of any of the Collateral in its possession; provided, however, provided that the Agent 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 Agent 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 (Integrated Environmental Technologies, Ltd.)

Reasonable Care. Agent is required to exercise reasonable care in the custody and preservation of any of the Collateral in its possession; provided, however, that Agent 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 as Grantor reasonably requests in writing at times other than upon the occurrence and during the continuance of any Loan Event of Default, but failure of Agent to comply with any such request at any time shall not in itself be deemed a failure to exercise reasonable care.. ARTICLE VI

Appears in 1 contract

Samples: Security Agreement (Stratosphere Corp)

Reasonable Care. The Agent is required to exercise reasonable care in the custody and preservation of any of the Collateral in its possession; providedPROVIDED, howeverHOWEVER, that the Agent 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 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 Agent 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: Guarantor Security Agreement (Key Components LLC)

Reasonable Care. The Agent is required to exercise reasonable care in the custody and preservation of any of the Collateral in its possession; providedPROVIDED, howeverHOWEVER, that the Agent 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 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 Agent 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: Borrower Security Agreement (Key Components LLC)

Reasonable Care. The Agent is required to exercise reasonable care in the custody and preservation of any of the Collateral in its possession; provided, however, that the Agent 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 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 Agent 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 (Key Components Finance Corp)

Reasonable Care. The Agent is required to exercise reasonable care in the custody and preservation of any of the Collateral in its possession; provided, however, that the Agent 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 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 Agent 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 (Key Components Finance Corp)

Reasonable Care. The Agent is required to exercise reasonable care in the custody and preservation of any of the Collateral in its possession; providedPROVIDED, howeverHOWEVER, the Agent 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 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 Agent 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 (Aristotle Corp)

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