Common use of Lender's Duty of Care Clause in Contracts

Lender's Duty of Care. Other than the exercise of reasonable care to ensure the safe custody of the Securities Collateral while being held by Lender hereunder, Lender shall have no duty or liability to preserve rights pertaining thereto, it being understood and agreed that Pledgor shall be responsible for preservation of all rights in the Securities Collateral, and Lender shall be relieved of all responsibility for Securities Collateral upon surrendering it or tendering the surrender of it to Pledgor. Lender shall be deemed to have exercised reasonable care in the custody and preservation of the Securities Collateral in its possession if such Securities Collateral is accorded treatment substantially equal to that which Lender accords its own property, it being understood that Lender shall not have responsibility for (i) ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relating to any Securities Collateral, whether or not Lender has or is deemed to have knowledge of such matters or (ii) taking any steps or refraining therefrom to preserve rights against any other parties with respect to any Securities Collateral.

Lender's Duty of Care. Other than the exercise of reasonable care to ensure assure the safe custody of the Securities Pledged Collateral while being held by Lender hereunder, Lender shall have no duty or liability to preserve rights pertaining thereto, it being understood and agreed that each Pledgor shall be responsible for preservation of all rights in the Securities CollateralPledged Collateral of such Pledgor, and Lender shall be relieved of all responsibility for Securities Pledged Collateral upon surrendering it or tendering the surrender of it to such Pledgor. Lender shall be deemed to have exercised reasonable care in the custody and preservation of the Securities Pledged Collateral in its possession if such Securities Pledged Collateral is accorded treatment substantially equal to that which Lender accords its own property, it being understood that Lender shall not have responsibility for (i) ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relating to any Securities Pledged Collateral, whether or not Lender has or is deemed to have knowledge of such matters matters; or (ii) taking any necessary steps or refraining therefrom to preserve rights against any other parties with respect to any Securities Pledged Collateral.

Lender's Duty of Care. Other than the exercise of reasonable care to ensure assure the safe custody of the Securities Collateral while being held by Lender hereunder, Lender shall have no duty or liability to preserve rights pertaining thereto, it being understood and agreed that Pledgor the Obligors shall be responsible for preservation of all rights in the Securities Collateral, and Lender shall be relieved of all responsibility for Securities the Collateral upon surrendering it or tendering the surrender of it to Pledgorthe Obligors. Lender shall be deemed to have exercised reasonable care in the custody and preservation of the Securities Collateral in its possession if such Securities the Collateral is accorded treatment substantially equal to that which Lender accords its own property, which shall be no less than the treatment employed by a reasonable and prudent agent in the industry, it being understood that Lender shall not have responsibility for taking any necessary steps to preserve rights against any parties with respect to any of the Collateral. In the event of a public or private sale of Collateral pursuant to Section 7 hereof, Lender shall have no responsibility for (i) ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relating to any Securities Collateral, whether or not Lender has or is deemed to have knowledge of such matters matters, or (ii) taking any steps to clean, repair or refraining therefrom to preserve rights against any other parties with respect to any Securities Collateralotherwise prepare the Collateral for sale.

Lender's Duty of Care. Other than the exercise of reasonable care to ensure assure the safe custody of the Securities Collateral while being held by the Lender hereunder, the Lender shall have no duty or liability to preserve rights pertaining thereto, it being understood and agreed that Pledgor the Obligors shall be responsible for preservation of all rights in the Securities Collateral, and the Lender shall be relieved of all responsibility for Securities the Collateral upon surrendering it or tendering the surrender of it to Pledgorthe Obligors. The Lender shall be deemed to have exercised reasonable care in the custody and preservation of the Securities Collateral in its possession if such Securities the Collateral is accorded treatment substantially equal to that which the Lender accords its own property, which shall be no less than the treatment employed by a reasonable and prudent agent in the industry, it being understood that the Lender shall not have responsibility for taking any necessary steps to preserve rights against any parties with respect to any of the Collateral. In the event of a public or private sale of Collateral pursuant to Section 7 hereof, the Lender shall have no responsibility for (i) ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relating to any Securities Collateral, whether or not the Lender has or is deemed to have knowledge of such matters matters, or (ii) taking any steps to clean, repair or refraining therefrom to preserve rights against any other parties with respect to any Securities Collateralotherwise prepare the Collateral for sale.