Common use of Reasonable Care of Pledged Collateral Clause in Contracts

Reasonable Care of Pledged Collateral. Lender shall be deemed to have used reasonable care in the custody and preservation of the Pledged Collateral in its possession to the extent it accords such Pledged Collateral treatment which is substantially equal to that which Lender accords its own property of like kind; provided, however, that Lender shall have no obligation, regardless of whether it takes any such action with respect to its own property: (a) to ascertain or take action with respect to calls, tenders, conversions, exchanges, maturities or other matters involving or affecting any item(s) of such Pledged Collateral (whether or not Lender has actual or constructive knowledge of any such matters), unless reasonably requested by Pledgor to do so; or (b) to take action to preserve rights against prior or other parties.

Reasonable Care of Pledged Collateral. Investment Manager and Lender shall be deemed to have used reasonable care in the custody and preservation of the Pledged Collateral in its possession to the extent it accords such Pledged Collateral treatment which is substantially equal to that which Investment Manager and Lender accords its own property of like kind; provided, however, that Investment Manager and Lender shall have no obligation, regardless of whether it takes any such action with respect to its own property: (a) to ascertain or take action with respect to calls, tenders, conversions, exchanges, maturities or other matters involving or affecting any item(s) of such Pledged Collateral (whether or not Investment Manager or Lender has actual or constructive knowledge of any such matters), unless reasonably requested by Pledgor to do so; or (b) to take action to preserve rights against prior or other parties.

Reasonable Care of Pledged Collateral. Lender Pledgee shall be deemed to ------------------------------------- have used reasonable care in the custody and preservation of the Pledged Collateral in its possession to the extent it accords such Pledged Collateral treatment which is substantially equal to that which Lender Pledgee accords its own property of like kind; provided, however, that Lender Pledgee shall have no obligation, -------- ------- regardless of whether it takes any such action with respect to its own property: , (ai) to ascertain or take action with respect to calls, tenders, conversions, exchanges, maturities or other matters involving or affecting any item(s) of such Pledged Collateral (whether or not Lender Pledgee has actual or constructive knowledge of any such matters), unless reasonably requested by Pledgor to do so; or , or (bii) to take action to preserve rights against prior or other parties.

Reasonable Care of Pledged Collateral. Lender Pledgee shall be deemed to have ------------------------------------- used reasonable care in the custody and preservation of the Pledged Collateral in its possession to the extent it accords such Pledged Collateral treatment which is substantially equal to that which Lender Pledgee accords its own property of like kind; provided, however, that Lender Pledgee shall have no obligation, regardless of whether it takes any such action with respect to its own property: , (ai) to ascertain or take action with respect to calls, tenders, conversions, exchanges, maturities or other matters involving or affecting any item(s) of such Pledged Collateral (whether or not Lender Pledgee has actual or constructive knowledge of any such matters), unless reasonably requested by Pledgor to do so; or , or (bii) to take action to preserve rights against prior or other parties.

Reasonable Care of Pledged Collateral. Lender Pledgee shall be deemed to have used reasonable care in the custody and preservation of the Pledged Collateral in its possession to the extent it accords such Pledged Collateral treatment which is substantially equal to that which Lender Pledgee accords its own property of like kind; provided, however, that Lender Pledgee shall have no obligation, regardless of whether it takes any such action with respect to its own property: (a) to ascertain or take action with respect to calls, tenders, conversions, exchanges, maturities or other matters involving or affecting any item(s) of such Pledged Collateral (whether or not Lender Pledgee has actual or constructive knowledge of any such matters), unless reasonably requested by Pledgor to do so; or (b) to take action to preserve rights against prior or other parties.