Preservation of Pledged Collateral. Agent shall be deemed to have exercised reasonable care in the custody and preservation of the Pledged Collateral and in preserving rights under this Agreement if Agent takes action for those purposes as Pledgors may reasonably request in writing, provided, however, that failure to comply with any such request shall not, in and of itself, be deemed a failure to exercise reasonable care, and no failure by Agent to preserve or protect any rights with respect to the Pledged Collateral or to do any act with respect to the preservation of the Pledged Collateral not so requested by a Pledgor shall be deemed a failure to exercise reasonable care in the custody or preservation of the Pledged Collateral.
Preservation of Pledged Collateral. Such Pledgor shall, except for dispositions and intercompany transactions permitted under the Credit Agreement (so long as the Credit Agreement Termination Date shall not have occurred) and the Indenture, preserve and keep in full force and effect its interests in the Pledged Collateral in a manner consistent with prudent industry practice, or, where applicable, its Credit and Collection Policy, and defend, at its sole expense, the title to the Pledged Collateral and any part of the Pledged Collateral and following the occurrence and during the continuance of a Default or Event of Default to cooperate fully with the Collateral Agent’s and Collateral Custodian’s efforts to preserve the Pledged Collateral and to take such actions to preserve the Pledged Collateral as the Collateral Agent may reasonably request.
Preservation of Pledged Collateral. IFC may (but need not) pay or secure payment of any tax or other claim that may be secured by or result in a Lien on any Pledged Collateral. IFC may do any other thing that it in good faith believes is necessary to preserve, protect or maintain the Pledged Collateral or to enhance its value. PSMT shall immediately reimburse IFC for any reasonable payment or expense (including reasonable attorneys’ fees and expenses) IFC or its authorized agent may incur pursuant to this Section 8.02.
Preservation of Pledged Collateral. Pledgor represents and warrants that it is the sole legal and beneficial owner of and has good and marketable title to the Pledged Interests (or, in the case of after-acquired Pledged Collateral, at the time Pledgor acquires rights in the Pledged Collateral, will be the sole legal and beneficial owner thereof) free and clear of any liens, other than Permitted Liens and liens in favor of Lender hereunder. Pledgor will, at its own cost and expense, promptly execute, acknowledge and deliver all such instruments and take all such action as Lender from time to time may reasonably request in order to protect the lien granted hereby or to enable Lender to exercise and enforce its rights and remedies hereunder with respect to the Pledged Collateral, and will defend the title to the Pledged Collateral and the liens of Lender thereon against the claims of other Persons. Lender shall be under no duty to: (a) collect any of the Pledged Collateral or any moneys due or to become due thereunder; (b) give any notices with respect to the Pledged Collateral; (c) preserve or maintain any of the Pledged Collateral (except to the extent delivered to Lender); or (d) preserve rights of Pledgor against prior parties to the Pledged Collateral.
Preservation of Pledged Collateral. (a) The Pledgee shall give to the Pledged Collateral the same degree of care and protection which it gives to its own property, which shall be no less than the treatment employed by a reasonable and prudent person or entity in the industry, provided, however, that it shall have no liability to the Pledgor for any losses, costs, expenses or damages due to any acts or omissions of third parties not affiliated with or acting at the direction of the Pledgee in any capacity, or due to any acts of God or other causes beyond its control. The Pledgee shall have no duty to preserve any rights of third parties with respect to any Pledged Collateral, including, without limitation, rights against prior parties, or to take, or to notify the Pledgor of the need to take, any action respecting any rights, privileges or options relating to any Pledged Collateral.
Preservation of Pledged Collateral. Following the occurrence and during the continuance of an Event of Default, in addition to the rights and remedies set forth in Section 11.02, the Collateral Agent at the direction of the Required Noteholders: (a)may at any time take such steps as the Collateral Agent deems necessary to protect the Collateral Agent's interest in and to preserve the Pledged Collateral, including the hiring of such security guards or the placing of other security protection measures as the Collateral Agent may deem appropriate; (b) may employ and maintain at any Issuer's premises a custodian who shall have full authority to do all acts necessary to protect the Collateral Agent's interests in the Pledged Collateral; (c) may lease warehouse facilities to which the Collateral Agent may move all or part of the Pledged Collateral; (d) may use any Issuer's owned or leased lifts, hoists, trucks and other facilities or equipment for handling or removing the Pledged Collateral; and (e) shall have, and is hereby granted, a right of ingress and egress to the places where the Pledged Collateral is located, and may proceed over and through any Issuer's owned or leased property. Following the occurrence and during the continuance of a Default or an Event of Default, each Issuer shall cooperate fully with all of the Collateral Agent's efforts to preserve the Pledged Collateral and will take such actions to preserve the Pledged Collateral as the Required Noteholders may reasonably direct. Following the occurrence and during the continuance of an Event of Default, all of the Collateral Agent's expenses of preserving the Pledged Collateral, including any expenses relating to the bonding of a custodian, shall be charged to the Issuers and added to the Obligations, and shall be paid by the Company to the Collateral Agent immediately upon demand.
Preservation of Pledged Collateral. Pledgor will not allow any Contributor Event of Default (as defined in the Contribution Agreement) under clause (d) of the definition thereof to occur in respect of the Pledged Collateral, and shall fully perform or cause to be performed when due all of its obligations under and in respect of the Pledged Collateral.
Preservation of Pledged Collateral. The Pledgor will do and perform all reasonable acts that may be necessary and appropriate to maintain, preserve and protect the Pledged Collateral of the Pledgor.
