Custodial Agent Sample Clauses
The Custodial Agent clause designates a third party responsible for holding and safeguarding assets, documents, or funds on behalf of the parties involved in an agreement. Typically, this agent ensures that the assets are managed according to the terms set out in the contract, such as releasing funds only upon fulfillment of certain conditions or milestones. By appointing a custodial agent, the clause provides an added layer of security and trust, reducing the risk of misappropriation and ensuring that obligations are met before assets change hands.
Custodial Agent. Borrower further warrants and guarantees the enforceability of the Receivables Collateral. Lender is hereby appointed Borrower's attorney-in-fact to take any and all actions in Borrower's name and/or on Borrower's behalf deemed necessary or appropriate by Lender with respect to the remittance of payments (including the endorsement of payment items) received on account of the Receivables Collateral. Borrower authorizes Lender to file a UCC‑1 Financing Statement in the form attached to a pre-approved pre-filing authorization letter and confirms Lender's authority to pre‑file the UCC‑1 Financing Statement as of the date of the pre‑filing authorization letter.
Custodial Agent. 1 Insert in Global Notes and Notes that are part of Corporate Units TO: GREAT PLAINS ENERGY INCORPORATED THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. Please refer to the Indenture, dated as of , , between Great Plains Energy Incorporated (the “Company”) and The Bank of New York Mellon Trust Company, N.A., as Trustee, as amended and supplemented by the Supplemental Indenture No. 1, dated as of , , between the Company and the Trustee (such Indenture as amended and supplemented, the “Indenture”). Capitalized terms used herein but not defined shall have the meanings ascribed to such terms in the Indenture. The undersigned registered Holder of the Note designated below, which is being delivered to the Trustee herewith, hereby requests and instructs the Company to purchase such Note or the portion thereof specified below (so long as such portion is an integral multiple of $1,000 principal amount), in accordance with the terms of the Indenture, at the price of 100% of the principal amount of such Note (or portion thereof), plus accrued and unpaid interest thereon (including all accrued and unpaid Deferred Interest, if any, and compounded interest thereon), but excluding, the Purchase Contract Settlement Date. The Notes (or portion thereof) shall be purchased by the Company as of the Purchase Contract Settlement Date pursuant to the terms and conditions specified in the Indenture. Dated: Signature:
Custodial Agent as agent for Lender, shall hold original custody of all Instruments constituting part of the Receivables Collateral and, if required by Lender, any other items required to be delivered to Lender with respect to the Receivables Collateral.
Custodial Agent. The Total All-in Cost of Funds includes interest to Customers and fees to the Custodial Agent and Promontory Network. The Total All-in Cost of Funds may differ from Custodial Agent to Custodial Agent.
Custodial Agent. On the eighth Business Day prior to the Initial Remarketing Date or any Subsequent Remarketing, as the case may be, by 4:00 p.m., New York City time, the Custodial Agent shall notify the Remarketing Agent of the number of such Separate Capital Securities to be remarketed. The Custodial Agent will hold such Separate Capital Securities in an account separate from the Collateral Account. A holder of Separate Capital Securities electing to have its Separate Capital Securities remarketed will also have the right to withdraw such election by written notice to the Custodial Agent, substantially in the form of Exhibit D --------- hereto, to be received at or
Custodial Agent. US Bank National Association or any other Person approved by Lender in writing as Custodial Agent under the Custodial Agreement.