Common use of DUTY TO USE REASONABLE CARE Clause in Contracts

DUTY TO USE REASONABLE CARE. In the event Member delivers security to Bank or its Agent pursuant to paragraph 4 above, the duty of the Bank with respect to said security shall be solely to use reasonable care in the custody and preservation of the security in its possession.

Appears in 3 contracts

Samples: Agreement for Advances, Pledge and Security Agreement (Gold Banc Corp Inc), Agreement for Advances, Pledge and Security Agreement (Allegiant Bancorp Inc), Agreement for Advances, Pledge and Security Agreement (Brenton Banks Inc)

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DUTY TO USE REASONABLE CARE. In the event Member delivers security to the Bank or its Agent pursuant to paragraph section 4 above, the duty of the Bank with respect to said security shall be solely to use reasonable care in the custody and preservation of the security in its possession.

Appears in 2 contracts

Samples: Agreement for Advances, Pledge and Security Agreement (Amerus Life Holdings Inc), Agreement for Advances, Pledge and Security Agreement (Amerus Life Holdings Inc)

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DUTY TO USE REASONABLE CARE. In the event Member delivers security to Bank or its Agent Agency pursuant to paragraph 4 above, the duty of the Bank with respect impact to said security shall be solely to use reasonable care in the custody and preservation of the security in its possession.

Appears in 1 contract

Samples: Agreement for Advances, Pledge and Security Agreement (Spectrum Capital Trust I)

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