Common use of Care and Custody of Collateral Clause in Contracts

Care and Custody of Collateral. (1) The Secured Parties have no obligation to keep Collateral in their possession identifiable.

Appears in 4 contracts

Samples: Security Agreement (Novelis Inc.), Security Agreement (Novelis Inc.), Security Agreement (Novelis South America Holdings LLC)

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Care and Custody of Collateral. (1) The Secured Finance Parties have no obligation to keep Collateral in their possession identifiable.

Appears in 3 contracts

Samples: Security Agreement (Hertz Corp), Security Agreement (Hertz Corp), Security Agreement (Hertz Corp)

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Care and Custody of Collateral. (1) The Agent and the other Secured Parties have no obligation to keep Collateral in their respective possession identifiable.

Appears in 1 contract

Samples: Canadian Security Agreement (Bombay Co Inc)

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