Common use of Care of Posted Collateral Clause in Contracts

Care of Posted Collateral. Supplementing the provisions of Paragraph 6(a), the Secured Party shall also be deemed to have exercised reasonable care if it takes such action for that purpose as the Pledgor shall reasonably request in writing (but no omission to comply with any such request shall by itself be deemed a failure to exercise reasonable care).

Appears in 2 contracts

Sources: Credit Support Annex (Fcmi Financial Corp Et Al), Credit Support Annex (Fcmi Financial Corp Et Al)