Common use of Custody and Preservation Clause in Contracts

Custody and Preservation. The Collateral Agent’s obligation to use reasonable care in the custody and preservation of Collateral shall be satisfied if it uses the same care as it uses in the custody and preservation of its own property.

Appears in 1 contract

Sources: Second Lien Credit Agreement (Magnum Hunter Resources Corp)

Custody and Preservation. The Collateral Agent’s 's obligation to use reasonable care in the custody and preservation of Collateral shall be satisfied if it uses the same care as it uses in the custody and preservation of its own propertyProperty.

Appears in 1 contract

Sources: Credit Agreement (Ormat Technologies, Inc.)