Common use of Standard of Care for Delegated Authority Clause in Contracts

Standard of Care for Delegated Authority. In exercising the authority ---------------------------------------- delegated under Article II, Section 2, the Custodian agrees to exercise reasonable care, prudence and diligence such as a person having responsibility for the safekeeping of the Assets would exercise in like circumstances.

Standard of Care for Delegated Authority. In exercising the authority ---------------------------------------- delegated under Article II, Section 2, the Custodian agrees to exercise reasonable care, prudence and diligence such as a person having responsibility for the safekeeping of the Assets would exercise in like circumstancesexercise.