Common use of Degree of Care Clause in Contracts

Degree of Care. Any executed Drafts 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 drafts are ordinarily held by such Lender.

Appears in 2 contracts

Samples: Credit Agreement (Enerplus Resources Fund), Credit Agreement

AutoNDA by SimpleDocs

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

Appears in 1 contract

Samples: Credit Agreement (Century Casinos Inc /Co/)

Degree of Care. Any executed Drafts drafts to be used as Bankers' Acceptances which are delivered by the Borrower to a Lender shall need only 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 drafts are ordinarily held by such Lenderproperty.

Appears in 1 contract

Samples: Credit Agreement (Microcell Telecommunications Inc)

Degree of Care. Any executed Drafts drafts to be used as Bankers' Acceptances which are delivered by the Borrower to a the Lender shall need only 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 drafts are ordinarily held by such Lenderproperty.

Appears in 1 contract

Samples: Credit Agreement (Sterling Chemicals Inc)

AutoNDA by SimpleDocs

Degree of Care. Any executed Drafts drafts to be used as Bankers' Acceptances which are delivered to a the Lender shall be held 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 drafts are ordinarily held by such the Lender.

Appears in 1 contract

Samples: Credit Agreement (Jpe Inc)

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

Appears in 1 contract

Samples: Credit Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!