Common use of STORAGE OF DEPOSIT Clause in Contracts

STORAGE OF DEPOSIT. Holder shall safekeep the Deposit in a security vault and exercise the same high standard of care to protect the Deposit which Holder would use to protect items of this nature which Holder might own, but in no event less than that standard of care customary in the industry.

Appears in 5 contracts

Samples: Escrow Agreement (Visioneer Inc), Agreement (Presstek Inc /De/), Service Agreement (Presstek Inc /De/)

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STORAGE OF DEPOSIT. Holder shall will safekeep the Deposit in a security vault and exercise the same high standard of care to protect the Deposit which Holder would use to protect other items of this nature which Holder might ownhold, but in no event less than that standard of care customary in the industry.

Appears in 2 contracts

Samples: Escrow Agreement (Foundry Networks Inc), Escrow Agreement (Foundry Networks Inc)

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STORAGE OF DEPOSIT. Holder shall safekeep will safe keep the Deposit in a security vault and exercise the same high standard of care to protect the Deposit which Holder would use to protect other items of this nature which Holder might ownhold, but in no event less than that standard of care customary in the industry.

Appears in 1 contract

Samples: Oem Purchase Agreement (Cambridge Heart Inc)

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