Custodial Procedures. 11.4.1 We will be under no obligation to credit China Connect Securities to the Custody Account before our receipt of such China Connect Securities by final settlement.
Custodial Procedures. On or before the Custodial Transfer Date, the Borrowers and Obligors will enter into one or more schedules to the Master Custody Agreement attached hereto as Schedule 7.01(m) governing the custody of certain documentation for Collateral consisting of Mortgage Loans, in form and substance satisfactory to the Lender Agent.
Custodial Procedures. The Borrowers and Obligors have entered into and will maintain one or more custody agreements (as the same may be amended, supplemented, modified or restated from time to time, the “Custody Agreements”) governing the custody of certain documentation for Collateral consisting of US Mortgage Loans, which Custody Agreements appoint Xxxxx Fargo Bank National Association and Ally Bank as custodians. The Lender Agent may at any time specify that any US Mortgage Loans included in the applicable custodian’s exception report shall no longer constitute Eligible Assets. The Borrowers hereby agree to update the Lender on the applicable custodian’s exception report at the Lender’s request. It is understood and agreed that the Lender Agent may adjust the Specified Percentage of all or a portion of the US Mortgage Loans in response to the exceptions described therein.
Custodial Procedures. The Obligors will use commercially reasonable efforts to cause the custodians under the Custody Agreements to have obtained and verified their possession of all notes, and other documents described in the Custody Agreements as being deliverable to such custodians no later than August 19, 2009, and any US Mortgage Loans for which the applicable custodian has not verified possession of the related Mortgage Note by August 20, 2009 shall no longer constitute Eligible Assets after such applicable date unless otherwise agreed in writing by the Credit Agent. The Obligors and the Lender shall discuss in good faith how the items included on each custodian’s exception report shall be addressed prior to September 2, 2009. It is understood and agreed that the Credit Agent may adjust the Specified Percentage of all or a portion of the US Mortgage Loans in response to the exceptions described therein.
Custodial Procedures. On or before the Custodial Transfer Date, the Borrowers and Obligors will enter into one or more custody agreements (as the same may be amended, supplemented, modified or restated from time to time, the “Custody Agreements”) governing the custody of certain documentation for Collateral consisting of US Mortgage Loans, in form and substance satisfactory to the Lender Agent, which Custody Agreements shall appoint Xxxxx Fargo Bank National Association and Ally Bank as custodians. The Obligors will use commercially reasonable efforts to cause such custodians to have obtained and verified their possession of all notes, and other documents described in the Custody Agreements as being deliverable to such custodians no later than August 19, 2009, and any US Mortgage Loans for which the applicable custodian has not verified possession of the related Mortgage Note by August 20, 2009 shall no longer constitute Eligible Assets after such applicable date unless otherwise agreed in writing by the Lender Agent. The Obligors and the Lender shall discuss in good faith how the items included on each custodian’s exception report shall be addressed prior to September 2, 2009. It is understood and agreed that the Lender Agent may adjust the Specified Percentage of all or a portion of the US Mortgage Loans in response to the exceptions described therein.”
Custodial Procedures
