Establishment and Maintenance of Accounts. (1) The Custodian shall establish and, at all times during the term of this Agreement, maintain separate accounts in the United States initially identified as (i) “CPFF Investment Account fbo FRBNY, Secured Party” account no. FPX1 (the “Investment Account”) and (ii) “CPFF Clearing Account fbo FRBNY, Secured Party” account no. FPX2 (the “Clearing Account” and, together with the Investment Account, the “Accounts”). Each Account shall be comprised of a “securities account” and a “deposit account” within the meaning given such terms in the NYUCC. The operation of such Accounts shall be governed by the terms of this Section 2.
Appears in 3 contracts
Samples: Administration Agreement, Administration Agreement, Administration Agreement
Establishment and Maintenance of Accounts. (1) The Custodian shall establish and, at all times during the term of this Agreement, maintain a separate accounts account in the United States initially identified as (i) “CPFF Investment Account Eagle Corp SPV fbo FRBNY, Secured PartyLender” account no. FPX1 FRPC (the “Investment CCF Account”); the CCF Account and any additional account established from time to time hereunder (including the Sub- Accounts as defined below) and (ii) “CPFF Clearing Account fbo FRBNY, Secured Party” account no. FPX2 (the “Clearing Account” and, together with the Investment Account, the “Accounts”). Each Account shall be comprised consists of a “securities account” within the meaning given such terms in the NYUCC and within the meaning of the Hague Securities Convention and a “deposit account” within the meaning given such terms term in the NYUCC. The operation of such Accounts shall be governed by the terms of this Section 2.. As used in this Agreement, the “
Appears in 2 contracts
Samples: Custodian Agreement, Custodian Agreement
