Custodian Letter Clause Samples
A Custodian Letter is a formal document issued by a custodian, typically a financial institution or third-party agent, confirming that it holds certain assets or documents on behalf of another party. In practice, this letter outlines the specific assets under custody, the terms of safekeeping, and the custodian’s responsibilities, such as providing access or releasing the assets upon instruction. The core function of a Custodian Letter is to provide assurance and evidence to interested parties—such as lenders, investors, or counterparties—that the assets are securely held and managed according to agreed terms, thereby reducing risk and ensuring transparency in transactions.
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Custodian Letter. The Custodian will to deliver to the Representatives a letter stating that they will deliver to each Selling Stockholder a United States Treasury Department Form 1099 (or other applicable form or statement specified by the United States Treasury Department regulations in lieu thereof) on or before January 31 of the year following the date of this Agreement. The Selling Stockholders and the Company will furnish the Representatives with such conformed copies of such opinions, certificates, letters and documents as the Representatives reasonably requests. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of an Optional Closing Date or otherwise.
Custodian Letter. The Custodian will to deliver to the Representatives a letter stating that they will deliver to each Selling Stockholder a United States Treasury Department Form 1099 (or other applicable form or statement specified by the United States Treasury Department regulations in lieu thereof) on or before January 31 of the year following the date of this Agreement.
Custodian Letter. The Custodian will deliver to Credit Suisse a letter stating that it will deliver to each Selling Stockholder a United States Department of the Treasury Internal Revenue Service Form 1099 (or other applicable form or statement specified by the United States Treasury Department regulations in lieu thereof) on or before January 31 of the year following the date of this Agreement.