Common use of Care and Custody of Collateral Clause in Contracts

Care and Custody of Collateral. The Collateral Agent is not required to see to the collection of dividends on, or exercise any option or right in connection with, the Collateral. It has no obligation to protect or preserve the Collateral from depreciating in value or becoming worthless and is hereby released from all responsibility for any loss or diminution of value. The Collateral Agent is bound to exercise in the physical keeping of the Collateral only the same degree of care as it would exercise with respect to its own investment property kept at the same place.

Care and Custody of Collateral. The Collateral Agent is need not required to see to the collection of dividends on, or exercise any option or right in connection with, the Collateral. It has no obligation to Collateral and need not protect or preserve the Collateral them from depreciating in value or becoming worthless and is hereby released from all responsibility for any loss or diminution of value. The Collateral Agent is shall be bound to exercise in the physical keeping of the Collateral only the same degree of care as it would exercise with respect to its own investment property securities kept at the same place.

Care and Custody of Collateral. The Collateral Agent is not required to see to the collection of dividends on, or exercise any option or right in connection with, the Collateral. It The Agent has no obligation to protect or preserve the Collateral from depreciating in value or becoming worthless and is hereby released from all responsibility for any loss or diminution of value. The Collateral Agent is bound to exercise in the physical keeping of the Collateral only the same degree of care as it would exercise with respect to its own investment property kept at the same place.