Safekeeping of Collateral. Agent shall not be liable or responsible in any way for the safekeeping of any of the Collateral or for any loss or damage thereto (except for reasonable care in the custody thereof while any Collateral is in Agent's actual possession) or for any diminution in the value thereof, or for any act or default of any warehouseman, carrier, forwarding agency, or other person whomsoever, but the same shall be at Borrower's sole risk.
Safekeeping of Collateral. Except for damage caused by the Lender's gross negligence or willful misconduct, Lender shall not be responsible for: (i) the safekeeping of the Collateral; (ii) any loss or damage to the Collateral; (iii) any diminution in the value of the Collateral; or (iv) any act or default of any carrier, warehouseman, bailee, forwarding agency or any other Person. All risk of loss, damage, destruction or diminution in value of the Collateral shall be borne be Guarantor.
Safekeeping of Collateral. U.S. Bank shall not be responsible for: (a) the safekeeping of the Collateral; (b) any loss or damage to the Collateral; (c) any diminution in the value of the Collateral; or (d) any act or default of any carrier, warehouseman, bailee, forwarding agency or any other Person relating to the Collateral. All risk of loss, damage, destruction or diminution in value of the Collateral shall be borne by Borrower.
Safekeeping of Collateral. To the maximum extent permitted by Applicable Law, the Collateral Agent shall not be responsible for: (a) the safekeeping of the Collateral of Borrower or any Guarantor (provided that the Collateral Agent deals with such Collateral in the same manner as the Collateral Agent deals with similar property for its own account); (b) any loss or damage to such Collateral; (c) any diminution in the value of such Collateral; or (d) any act or default of any other Person relating to such Collateral. All risk of loss, damage, destruction or diminution in value of such Collateral shall be borne by Borrower and the Guarantors.
Safekeeping of Collateral. 15 5.4 Lien on Realty.........................................16
Safekeeping of Collateral. Third party safekeeping is required for all collateral. To accomplish this, the pledged securities will be held at a safekeeping depository, separate from the bank where the deposits are placed, as approved from time to time by the Treasurer. Safekeeping will be documented by an approved written agreement. Substitution, exchange or release of securities held in safekeeping may be done upon two (2) days prior written notice to the Treasurer, and only on condition that the market value of the replacement securities is equal to or greater than the market value of the securities for which they are being substituted.
Safekeeping of Collateral. Except as otherwise provided in Section ------------------------- ------- 10.6, FBS Ag Credit shall not be responsible for: (a) the safekeeping of the ---- Collateral; (b) any loss or damage to the Collateral; (c) any diminution in the value of the Collateral; or (d) any act or default of any carrier, warehouseman, bailee, forwarding agency or any other Person relating to the Collateral. All risk of loss, damage, destruction or diminution in value of the Collateral shall be borne by Borrower.
Safekeeping of Collateral. After issuance of the Collateral to Debtor by SofTech, the Collateral shall be placed in a safe deposit box at a mutually agreed upon Indiana site which requires two keys to gain access. One key shall be held by the Debtor and one shall be held by the Secured Party. SofTech shall bear the cost of such safe deposit box.
Safekeeping of Collateral. 27 5.14 Sales and Use of Collateral.....................................28 5.15
Safekeeping of Collateral. After issuance of the Collateral to Debtor by SofTech, the Collateral shall be placed in a safe deposit box at a mutually agreed upon North Carolina site which requires two keys to gain access. One key shall be held by the Debtor and one shall be held by the Secured Party. SofTech shall bear the cost of such safe deposit box.
