Common use of SAFE CUSTODY Clause in Contracts

SAFE CUSTODY. The Security Trustee is hereby authorised to and shall (subject to Clause 12.33) hold in safe custody all deeds and documents which may be deposited with the Security Trustee pursuant to the Finance Documents and, if thought fit by the Security Trustee, to arrange for any stocks, shares or other securities to be registered in the name of the Security Trustee or its nominee (but without being liable to the Finance Parties if such deeds and documents are not required to be deposited, or if such securities are not so registered).

SAFE CUSTODY. The Each Security Trustee Representative is hereby authorised to and shall (subject to Clause 12.3315.34) hold in safe custody all deeds and documents which may be deposited with the such Security Trustee Representative pursuant to the Finance Documents Security Agreements and the Guarantees and, if thought fit by the such Security TrusteeRepresentative, to arrange for any stocks, shares or other securities to be registered in the name of the such Security Trustee Representative or its nominee (but without being liable to the Finance Parties if such deeds and documents are not required to be deposited, or if such securities are not so registered).