Common use of Collateral Custodian Clause in Contracts

Collateral Custodian. Upon the occurrence and during the continuance of any Default or Event of Default, the Lender may at any time and from time to time employ and maintain on the premises of the Borrower a custodian selected by the Lender who shall have full authority to do all acts necessary to protect the Lender's interests. The Borrower hereby agrees to, and to cause its Subsidiaries to, cooperate with any such custodian and to do whatever the Lender may reasonably request to preserve the Collateral. All costs and expenses incurred by the Lender by reason of the employment of the custodian shall be the responsibility of the Borrower and charged to the Loan Account.

Collateral Custodian. Upon the occurrence and during the continuance of any Default or Event of Default, the Lender may at any time and from time to time employ and maintain on the premises of the any Borrower a custodian selected by the Lender who shall have full authority to do all acts necessary to protect the Lender's ’s interests. The Each Borrower hereby agrees to, and to cause its Subsidiaries to, cooperate with any such custodian and to do whatever the Lender may reasonably request to preserve the Collateral. All costs and expenses incurred by the Lender by reason of the employment of the custodian shall be the responsibility of the Borrower Borrowers and charged to the Loan Account.

Collateral Custodian. Upon the occurrence and during the continuance of any Default or an Event of Default, the Lender may at any time and from time to time employ and maintain on in the premises of the Borrower a custodian selected by the Lender who shall have full authority to do all acts necessary to protect the Lender's interestsinterests and to report to the Lender thereon. The Borrower hereby agrees toto co-operate, and to cause its Subsidiaries to, cooperate with any such custodian and to do whatever the Lender may reasonably request to preserve the Collateral. All costs and expenses incurred by the Lender by reason of the employment of the custodian shall be the responsibility of paid by the Borrower on demand and charged then added to the Loan AccountObligations if not paid.

Collateral Custodian. Upon the occurrence and during the continuance of any Default or Event of Default, the Lender may at any time and from time to time employ and maintain on the premises of the Borrower Loan Parties a custodian selected by the Lender who shall have full authority to do all acts necessary to protect the Lender's interests. The Each of the Parent and the Borrower hereby agrees to, and to cause its Subsidiaries to, cooperate with any such custodian and to do whatever the Lender may reasonably request to preserve the Collateral. All reasonable costs and expenses incurred by the Lender by reason of the employment of the custodian shall be the responsibility of the Borrower and charged to the Loan Account.

Collateral Custodian. Upon the occurrence and during -------------------- the continuance of any Default or Event of Default, the Lender Group may at any time and from time to time employ and maintain on the premises of the Borrower a custodian selected by the Lender Agent who shall have full authority to do all acts necessary to protect the LenderLender Group's interests. The Borrower hereby agrees to, and to cause its Subsidiaries to, cooperate with any such custodian and to do whatever the Lender Agent may reasonably request to preserve the Collateral. All costs and expenses incurred by the Lender Group by reason of the employment of the custodian shall be the responsibility of the Borrower and charged to the Loan AccountBorrower.

Collateral Custodian. Upon the occurrence of and during the continuance of any an Event of Default or Event of Default, the Lender Agent may at any time and from time to time employ and maintain on in the premises of the Borrower or the Guarantors a custodian selected by the Lender Agent who shall have full authority to do all acts reasonably necessary to protect the LenderAgent's interestsinterest in the Collateral. The Borrower and Guarantors hereby agrees to, and agree to cause its Subsidiaries to, cooperate with any such custodian and to do whatever the Lender Agent may reasonably request to preserve the Collateral. All costs and expenses incurred by the Lender Agent, by reason of the employment of the custodian shall be the responsibility of the Borrower and charged to the Loan AccountAccount and the Borrower shall be provided with a written statement describing such costs and expenses.