{"component": "clause", "props": {"groups": [{"size": 184, "snippet": "Depository shall mean The Depository Trust Company (\"DTC\"), a clearing agency registered with the Securities and Exchange Commission under Section 17A of the Securities Exchange Act of 1934 (\"Exchange Act\"), its successor or successors and its nominee or nominees. The term \"Depository\" shall further mean and include any other person authorized to act as a depository under the 1940 Act, its successor or successors and its nominee or nominees, specifically identified in a certified copy of a resolution of the Board.", "snippet_links": [{"key": "the-depository-trust-company", "type": "definition", "offset": [22, 50]}, {"key": "clearing-agency", "type": "clause", "offset": [62, 77]}, {"key": "the-securities-and-exchange-commission", "type": "clause", "offset": [94, 132]}, {"key": "securities-exchange-act-of-1934", "type": "definition", "offset": [158, 189]}, {"key": "the-term", "type": "clause", "offset": [265, 273]}, {"key": "any-other-person", "type": "definition", "offset": [318, 334]}, {"key": "authorized-to-act", "type": "clause", "offset": [335, 352]}, {"key": "the-1940-act", "type": "definition", "offset": [375, 387]}, {"key": "certified-copy", "type": "clause", "offset": [475, 489]}, {"key": "resolution-of-the-board", "type": "definition", "offset": [495, 518]}], "samples": [{"hash": "lchDvoUtGCT", "uri": "/contracts/lchDvoUtGCT#depository", "label": "Custodian Agreement (State Farm Mutual Fund Trust)", "score": 18.0, "published": true}, {"hash": "id57HfrPk3V", "uri": "/contracts/id57HfrPk3V#depository", "label": "Custodian Agreement (DLB Fund Group)", "score": 18.0, "published": true}, {"hash": "hJLoiAKr7Ho", "uri": "/contracts/hJLoiAKr7Ho#depository", "label": "Custodian Agreement (Select Advisors Trust A)", "score": 18.0, "published": true}], "hash": "fdc44a80dbf4a918f9c619e882d40c5f", "id": 1}, {"size": 71, "snippet": "The term \"", "snippet_links": [{"key": "the-term", "type": "clause", "offset": [0, 8]}], "samples": [{"hash": "lbFhvRleWq8", "uri": "/contracts/lbFhvRleWq8#depository", "label": "Indenture", "score": 29.3390369415, "published": true}, {"hash": "knLlheGm0nu", "uri": "/contracts/knLlheGm0nu#depository", "label": "Indenture (Northern States Power Co /Mn/)", "score": 18.0, "published": true}, {"hash": "kBVkhDh62de", "uri": "/contracts/kBVkhDh62de#depository", "label": "Indenture (Sunamerica Capital Trust Iv)", "score": 18.0, "published": true}], "hash": "f5ca964e8b5e5bbc569e756550fda64f", "id": 2}, {"size": 47, "snippet": "6.2.1 All funds of the Authority shall be held in separate accounts in the name of the Authority and not commingled with funds of any Party or any other person or entity.\n6.2.2 All funds of the Authority shall be strictly and separately accounted for, and regular reports shall be rendered of all receipts and disbursements, at least quarterly during the fiscal year. The books and records of the Authority shall be open to inspection by the Parties at all reasonable times. The Board shall contract with a certified public accountant or public accountant to make an annual audit of the accounts and records of the Authority, which shall be conducted in accordance with the requirements of Section 6505 of the Act.\n6.2.3 All expenditures shall be made in accordance with the approved budget and upon the approval of any officer so authorized by the Board in accordance with its Operating Rules and Regulations. The Treasurer shall draw checks or warrants or make payments by other means for claims or disbursements not within an applicable budget only upon the prior approval of the Board.", "snippet_links": [{"key": "all-funds", "type": "clause", "offset": [6, 15]}, {"key": "of-the-authority", "type": "clause", "offset": [16, 32]}, {"key": "separate-accounts", "type": "clause", "offset": [50, 67]}, {"key": "authority-and", "type": "clause", "offset": [87, 100]}, {"key": "person-or-entity", "type": "clause", "offset": [153, 169]}, {"key": "regular-reports", "type": "clause", "offset": [256, 271]}, {"key": "receipts-and-disbursements", "type": "clause", "offset": [297, 323]}, {"key": "fiscal-year", "type": "definition", "offset": [355, 366]}, {"key": "books-and-records", "type": "definition", "offset": [372, 389]}, {"key": "by-the-parties", "type": "clause", "offset": [435, 449]}, {"key": "board-shall", "type": "definition", "offset": [479, 490]}, {"key": "certified-public-accountant", "type": "definition", "offset": [507, 534]}, {"key": "annual-audit", "type": "definition", "offset": [567, 579]}, {"key": "accounts-and-records", "type": "definition", "offset": [587, 607]}, {"key": "in-accordance-with", "type": "clause", "offset": [651, 669]}, {"key": "the-requirements", "type": "clause", "offset": [670, 686]}, {"key": "the-act", "type": "clause", "offset": [706, 713]}, {"key": "approved-budget", "type": "definition", "offset": [775, 790]}, {"key": "the-approval", "type": "clause", "offset": [800, 812]}, {"key": "by-the-board", "type": "clause", "offset": [842, 854]}, {"key": "operating-rules-and-regulations", "type": "definition", "offset": [878, 909]}, {"key": "the-treasurer", "type": "clause", "offset": [911, 924]}, {"key": "payments-by", "type": "clause", "offset": [963, 974]}, {"key": "applicable-budget", "type": "definition", "offset": [1029, 1046]}, {"key": "approval-of-the-board", "type": "definition", "offset": [1067, 1088]}], "samples": [{"hash": "f5xm3RdeGEI", "uri": "/contracts/f5xm3RdeGEI#depository", "label": "Joint Powers Agreement", "score": 36.2630500793, "published": true}, {"hash": "9QqNvIKK1Ru", "uri": "/contracts/9QqNvIKK1Ru#depository", "label": "Joint Powers Agreement", "score": 35.4943618774, "published": true}, {"hash": "7AMNyNN77oY", "uri": "/contracts/7AMNyNN77oY#depository", "label": "Joint Powers Agreement", "score": 34.7563972473, "published": true}], "hash": "125638fa00bf63256e81b1a958fb7ded", "id": 3}, {"size": 45, "snippet": "The Depository Trust Company, or any successor Depository hereafter named. The nominee of the initial Depository for purposes of registering those Certificates that are to be Book-Entry Certificates is Cede & Co. The Depository shall at all times be a \"clearing corporation\" as defined in Section 8-102(a)(5) of the Uniform Commercial Code of the State of New York and a \"clearing agency\" registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934, as amended.", "snippet_links": [{"key": "the-depository-trust-company", "type": "definition", "offset": [0, 28]}, {"key": "successor-depository", "type": "clause", "offset": [37, 57]}, {"key": "for-purposes-of", "type": "clause", "offset": [113, 128]}, {"key": "cede-co", "type": "definition", "offset": [202, 212]}, {"key": "at-all-times", "type": "clause", "offset": [234, 246]}, {"key": "clearing-corporation", "type": "clause", "offset": [253, 273]}, {"key": "section-8", "type": "definition", "offset": [289, 298]}, {"key": "uniform-commercial-code", "type": "definition", "offset": [316, 339]}, {"key": "state-of-new-york", "type": "definition", "offset": [347, 364]}, {"key": "clearing-agency", "type": "clause", "offset": [372, 387]}, {"key": "pursuant-to-the-provisions-of-section", "type": "clause", "offset": [400, 437]}, {"key": "securities-exchange-act-of-1934", "type": "definition", "offset": [449, 480]}, {"key": "as-amended", "type": "definition", "offset": [482, 492]}], "samples": [{"hash": "rItmoZrfYe", "uri": "/contracts/rItmoZrfYe#depository", "label": "Pooling and Servicing Agreement (Residential Accredit Loans Inc)", "score": 18.0, "published": true}, {"hash": "lkuYfjsBWXN", "uri": "/contracts/lkuYfjsBWXN#depository", "label": "Pooling and Servicing Agreement (Residential Accredit Loans Inc)", "score": 18.0, "published": true}, {"hash": "kehAlGMAzea", "uri": "/contracts/kehAlGMAzea#depository", "label": "Pooling and Servicing Agreement (Residential Accredit Loans Inc)", "score": 18.0, "published": true}], "hash": "5a2c3ba62229a50fecb39acc32070ea4", "id": 4}, {"size": 40, "snippet": "RECEIPTS The Custodian shall, upon receipt of proper instructions, surrender or cause to be surrendered foreign securities to the depository used by an issuer of American Depository Receipts or International Depository Receipts (hereinafter collectively referred to as \"ADRs\") for such securities, against a written receipt therefor adequately describing such securities and written evidence satisfactory to the Custodian that the depository has acknowledged receipt of instructions to issue with respect to such securities ADRs in the name of a nominee of the Custodian or in the name or nominee name of any subcustodian employed pursuant to Section 2 hereof, for delivery to the Custodian or such subcustodian at such place as the Custodian or such subcustodian may from time to time designate. The Custodian shall, upon receipt of proper instructions, surrender ADRs to the issuer thereof against a written receipt therefor adequately describing the ADRs surrendered and written evidence satisfactory to the Custodian that the issuer of the ADRs has acknowledged receipt of instructions to cause its depository to deliver the securities underlying such ADRs to the Custodian or to a subcustodian employed pursuant to Section 2 hereof.", "snippet_links": [{"key": "upon-receipt-of", "type": "clause", "offset": [30, 45]}, {"key": "proper-instructions", "type": "clause", "offset": [46, 65]}, {"key": "foreign-securities", "type": "clause", "offset": [104, 122]}, {"key": "the-depository", "type": "clause", "offset": [126, 140]}, {"key": "american-depository-receipts", "type": "clause", "offset": [162, 190]}, {"key": "written-evidence", "type": "clause", "offset": [375, 391]}, {"key": "to-issue", "type": "clause", "offset": [483, 491]}, {"key": "with-respect-to", "type": "clause", "offset": [492, 507]}, {"key": "a-nominee", "type": "definition", "offset": [544, 553]}, {"key": "nominee-name", "type": "clause", "offset": [589, 601]}, {"key": "pursuant-to-section-2", "type": "clause", "offset": [631, 652]}, {"key": "delivery-to-the-custodian", "type": "clause", "offset": [665, 690]}, {"key": "from-time-to-time", "type": "clause", "offset": [768, 785]}, {"key": "the-issuer", "type": "clause", "offset": [873, 883]}, {"key": "the-securities", "type": "definition", "offset": [1125, 1139]}], "samples": [{"hash": "sxS2o1b1q6", "uri": "/contracts/sxS2o1b1q6#depository", "label": "Master Custodian Agreement (Eaton Vance Senior Income Trust)", "score": 18.0, "published": true}, {"hash": "kfxNvQllZ4V", "uri": "/contracts/kfxNvQllZ4V#depository", "label": "Custody and Transfer Agency Agreement (Belrose Capital Fund LLC)", "score": 18.0, "published": true}, {"hash": "kJTBXbFXFxK", "uri": "/contracts/kJTBXbFXFxK#depository", "label": "Custodian Agreement (South Asia Portfolio)", "score": 18.0, "published": true}], "hash": "8073d85e3e29cc71b2e1b291d50c62d3", "id": 5}, {"size": 14, "snippet": "An FDIC insured bank designated by RREM.", "snippet_links": [{"key": "insured-bank", "type": "definition", "offset": [8, 20]}], "samples": [{"hash": "iRg0OCnBLx0", "uri": "/contracts/iRg0OCnBLx0#depository", "label": "Management Agreement (Resource Real Estate Investors 7, L.P.)", "score": 19.5147151947, "published": true}, {"hash": "hSq4p2u8Bu0", "uri": "/contracts/hSq4p2u8Bu0#depository", "label": "Management Agreement (Resource Real Estate Investors 7, L.P.)", "score": 19.5147151947, "published": true}, {"hash": "5gucpnH2UAb", "uri": "/contracts/5gucpnH2UAb#depository", "label": "Management Agreement (Resource Real Estate Investors 7, L.P.)", "score": 19.5147151947, "published": true}], "hash": "4a91f0bda016c714d36be9414014a3cd", "id": 6}, {"size": 14, "snippet": "The Borrower will establish and maintain with the Bank the Borrower\u2019s primary depository accounts. If the Borrower fails to establish and/or maintain its primary depository accounts with the Bank, the Bank may, at its option, upon thirty (30) days notice to the Borrower, increase the interest rate payable by the Borrower under this Note by up to 1.00 percentage points (1.00%). The Bank\u2019s right to increase the interest rate pursuant to this paragraph shall be in addition to any other rights or remedies the Bank may have under this Note, all of which are hereby reserved, and shall not constitute a waiver, release or limitation upon the Bank\u2019s exercise of any such rights or remedies.", "snippet_links": [{"key": "borrower-will", "type": "clause", "offset": [4, 17]}, {"key": "establish-and-maintain", "type": "clause", "offset": [18, 40]}, {"key": "with-the-bank", "type": "clause", "offset": [41, 54]}, {"key": "depository-accounts", "type": "definition", "offset": [78, 97]}, {"key": "to-establish", "type": "definition", "offset": [121, 133]}, {"key": "the-bank-may", "type": "clause", "offset": [197, 209]}, {"key": "upon-thirty", "type": "clause", "offset": [226, 237]}, {"key": "notice-to-the-borrower", "type": "clause", "offset": [248, 270]}, {"key": "the-interest-rate", "type": "clause", "offset": [281, 298]}, {"key": "by-the-borrower", "type": "clause", "offset": [307, 322]}, {"key": "this-note", "type": "clause", "offset": [329, 338]}, {"key": "percentage-points", "type": "definition", "offset": [353, 370]}, {"key": "right-to", "type": "definition", "offset": [391, 399]}, {"key": "pursuant-to", "type": "definition", "offset": [427, 438]}, {"key": "in-addition-to", "type": "clause", "offset": [463, 477]}, {"key": "other-rights-or-remedies", "type": "clause", "offset": [482, 506]}, {"key": "exercise-of", "type": "clause", "offset": [649, 660]}, {"key": "such-rights", "type": "definition", "offset": [665, 676]}], "samples": [{"hash": "lsWu2OOij9x", "uri": "/contracts/lsWu2OOij9x#depository", "label": "Committed Line of Credit Note (Mikros Systems Corp)", "score": 29.3668727875, "published": true}, {"hash": "bEmpDlEbDnb", "uri": "/contracts/bEmpDlEbDnb#depository", "label": "Committed Line of Credit Note (Weyco Group Inc)", "score": 24.8494186401, "published": true}, {"hash": "dJ2DQlibfCC", "uri": "/contracts/dJ2DQlibfCC#depository", "label": "Committed Line of Credit Note (Charles & Colvard LTD)", "score": 24.7289524078, "published": true}], "hash": "490675b5bb73bd1243853974afec6faf", "id": 7}, {"size": 14, "snippet": "The Depository Trust Company (or its nominee) shall act as the initial Depository for any Global Debenture which may be issued pursuant to this First Supplemental Indenture.", "snippet_links": [{"key": "the-depository-trust-company", "type": "definition", "offset": [0, 28]}, {"key": "global-debenture", "type": "definition", "offset": [90, 106]}, {"key": "pursuant-to", "type": "definition", "offset": [127, 138]}, {"key": "this-first-supplemental-indenture", "type": "clause", "offset": [139, 172]}], "samples": [{"hash": "deJf1wwYVbL", "uri": "/contracts/deJf1wwYVbL#depository", "label": "First Supplemental Indenture (Conseco Inc Et Al)", "score": 18.0, "published": true}, {"hash": "9s6n4TpiMAi", "uri": "/contracts/9s6n4TpiMAi#depository", "label": "Supplemental Indenture (Conseco Inc Et Al)", "score": 18.0, "published": true}, {"hash": "6QXZVoYs6A2", "uri": "/contracts/6QXZVoYs6A2#depository", "label": "First Supplemental Indenture (Baltimore Gas & Electric Co)", "score": 18.0, "published": true}], "hash": "e47e29122090c1806667a339d8897f66", "id": 8}, {"size": 14, "snippet": "Use the Agent as a principal depository of Borrower's funds.", "snippet_links": [{"key": "the-agent-as", "type": "definition", "offset": [4, 16]}, {"key": "principal-depository", "type": "clause", "offset": [19, 39]}], "samples": [{"hash": "lUyUhwPXUZi", "uri": "/contracts/lUyUhwPXUZi#depository", "label": "Loan Agreement (Summit Design Inc)", "score": 18.0, "published": true}, {"hash": "fQyhRbYI4GO", "uri": "/contracts/fQyhRbYI4GO#depository", "label": "Loan Agreement (Conley Canitano & Associates Inc)", "score": 18.0, "published": true}, {"hash": "b1Kc7D6N4Tw", "uri": "/contracts/b1Kc7D6N4Tw#depository", "label": "Loan Agreement (Summit Design Inc)", "score": 18.0, "published": true}], "hash": "8f68756a69c57a4a07a0f8562b5a99a9", "id": 9}, {"size": 13, "snippet": "By: ------------------------------------ Name: ---------------------------------- Title: --------------------------------- Date: ---------------------------------- EXHIBIT 7 ESCROW ACCOUNT CERTIFICATION ______________ __, 20___ To: _________________________________ _________________________________ _________________________________ (the \"Depository\") As Seller under the Master Mortgage Loan Purchase and Servicing Agreement, dated as of April 1, 2003, we hereby authorize and request you to establish an account, as an Escrow Account, to be designated as \"Greenpoint Mortgage Funding Inc. in trust for the Purchaser and various Mortgagors, Fixed and Adjustable Rate Mortgage Loans.\" All deposits in the account shall be subject to withdrawal therefrom by order signed by the Seller. You may refuse any deposit which would result in violation of the requirement that the account be fully insured as described below. This letter is submitted to you in duplicate. Please execute and return one original to us. GREENPOINT MORTGAGE FUNDING INC. (Seller) By: ------------------------------------ Name: ---------------------------------- Title: --------------------------------- Date: ---------------------------------- The undersigned, as Depository, hereby certifies that the above-described account has been established under Account Number ___________ at the office of the Depository indicated above, and agrees to honor withdrawals on such account as provided above. The full amount deposited at any time in the account will be insured by the Federal Deposit Insurance Corporation through the Bank Insurance Fund (\"BIF\") or the Savings Association Insurance Fund (\"SAIF\").", "snippet_links": [{"key": "exhibit-7", "type": "definition", "offset": [164, 173]}, {"key": "escrow-account-certification", "type": "definition", "offset": [174, 202]}, {"key": "as-seller", "type": "clause", "offset": [353, 362]}, {"key": "mortgage-loan-purchase-and-servicing-agreement", "type": "definition", "offset": [380, 426]}, {"key": "dated-as-of", "type": "definition", "offset": [428, 439]}, {"key": "april-1", "type": "definition", "offset": [440, 447]}, {"key": "to-establish", "type": "definition", "offset": [491, 503]}, {"key": "greenpoint-mortgage-funding-inc", "type": "clause", "offset": [559, 590]}, {"key": "for-the-purchaser", "type": "clause", "offset": [601, 618]}, {"key": "adjustable-rate-mortgage-loans", "type": "clause", "offset": [653, 683]}, {"key": "the-account", "type": "clause", "offset": [702, 713]}, {"key": "subject-to", "type": "clause", "offset": [723, 733]}, {"key": "by-the-seller", "type": "clause", "offset": [771, 784]}, {"key": "the-requirement", "type": "clause", "offset": [848, 863]}, {"key": "fully-insured", "type": "definition", "offset": [884, 897]}, {"key": "in-duplicate", "type": "clause", "offset": [950, 962]}, {"key": "and-return", "type": "clause", "offset": [979, 989]}, {"key": "original-to", "type": "definition", "offset": [994, 1005]}, {"key": "the-undersigned", "type": "definition", "offset": [1216, 1231]}, {"key": "account-number", "type": "clause", "offset": [1325, 1339]}, {"key": "the-depository", "type": "clause", "offset": [1369, 1383]}, {"key": "agrees-to", "type": "clause", "offset": [1405, 1414]}, {"key": "at-any-time", "type": "clause", "offset": [1494, 1505]}, {"key": "federal-deposit-insurance-corporation", "type": "definition", "offset": [1544, 1581]}, {"key": "bank-insurance-fund", "type": "definition", "offset": [1594, 1613]}, {"key": "association-insurance", "type": "clause", "offset": [1637, 1658]}], "samples": [{"hash": "bgd8oq6zBqx", "uri": "/contracts/bgd8oq6zBqx#depository", "label": "Master Mortgage Loan Purchase and Servicing Agreement (Merrill Lynch Mortgage Investors Trust Series 2006-Af1)", "score": 18.0, "published": true}, {"hash": "2mapmgVKxl2", "uri": "/contracts/2mapmgVKxl2#depository", "label": "Master Mortgage Loan Purchase and Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-A2)", "score": 18.0, "published": true}], "hash": "e96ed02e30cecd35bc3f8efc5bc9beb3", "id": 10}], "next_curs": "ClMSTWoVc35sYXdpbnNpZGVyY29udHJhY3Rzci8LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhNkZXBvc2l0b3J5IzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"parents": [["definitions", "Definitions"], ["financial-provisions", "Financial Provisions"], ["additional-covenants", "Additional Covenants"], ["duties-of-the-custodian-with-respect-to-property-of-the-fund", "DUTIES OF THE CUSTODIAN WITH RESPECT TO PROPERTY OF THE FUND"], ["governance-and-internal-organization", "Governance and Internal Organization"]], "size": 990, "children": [["name-of-depository", "Name of Depository"], ["functions-and-powers-of-the-depository", "Functions and Powers of the Depository"], ["insubstantial-condemnation", "INSUBSTANTIAL CONDEMNATION"], ["substantial-condemnation", "SUBSTANTIAL CONDEMNATION"], ["temporary-condemnation", "TEMPORARY CONDEMNATION"]], "title": "Depository", "id": "depository", "related": [["dtc", "DTC", "DTC"], ["depositary", "Depositary", "Depositary"], ["securities-depository", "Securities Depository", "Securities <strong>Depository</strong>"], ["principal-depository", "Principal Depository", "Principal <strong>Depository</strong>"], ["qualified-depository", "Qualified Depository", "Qualified <strong>Depository</strong>"]], "related_snippets": [], "updated": "2025-11-08T04:50:29+00:00", "also_ask": ["What are the essential rights and obligations that must be defined for the depository?", "How can the clause be negotiated to limit the depository\u2019s liability and exposure?", "What are the most common legal pitfalls or ambiguities in depository clauses?", "How do depository obligations differ across key jurisdictions or under different governing laws?", "What standards do courts apply to determine enforceability of depository clauses in disputes?"], "drafting_tip": "Specify the depository's identity and location to ensure clarity; outline responsibilities to allocate risk; define access procedures to prevent disputes.", "explanation": "The Depository clause designates a specific entity or institution responsible for holding and safeguarding certain assets, documents, or funds on behalf of the parties involved in an agreement. Typically, this clause outlines the depository's duties, such as maintaining records, ensuring the security of the deposited items, and releasing them only under agreed-upon conditions. By clearly assigning responsibility for custody and management, the clause helps prevent disputes over possession and ensures that assets are handled according to the contract's terms."}, "json": true, "cursor": ""}}