Establishment of the Securities Account Sample Clauses

Establishment of the Securities Account. (a) The Trustee shall establish and maintain in the name of the Trustee, on behalf of the Up-MACRO Tradeable Trust and for the benefit of the Holders of the Up-MACRO Tradeable Shares, an Eligible Deposit Account bearing a designation clearly indicating that the Up-MACRO Holding Shares deposited therein are held for the benefit of the Holders of the Up-MACRO Tradeable Shares (the "Securities Account").
Sample 1Sample 2Sample 3See All (57)
AutoNDA by SimpleDocs
Establishment of the Securities Account. (a) The Trustee shall establish and maintain in the name of the Trustee, on behalf of the Up Trust and for the benefit of the Holders of the Up MacroShares, an Eligible Deposit Account bearing a designation clearly indicating that the Eligible Treasuries deposited therein are held for the benefit of the Holders of the Up MacroShares (the "Securities Account").
Sample 1Sample 2Sample 3See All (16)
Establishment of the Securities Account. The Borrower shall establish with the Custodian the Securities Account. The Borrower agrees at all times to maintain the Pledged Securities in the Securities Account, until the Borrower has satisfied all of the Obligations in full.
Sample 1Sample 2Sample 3See All (11)
Establishment of the Securities Account. The Seller or the Servicer on its behalf shall establish, on or before the date any Rated Retained Security becomes a part of the Collateral, an account with the Securities Intermediary to which financial assets may be credited (the “Securities Account”) pursuant to Section 8.11. Upon receipt of any Collections to the Securities Account the Servicer shall cause the transfer of such Collections to the Collection Account by the close of business on the Business Day after such Collections are so received into the Securities Account.
Sample 1Sample 2Sample 3See All (6)
Establishment of the Securities Account. Broker and Pershing hereby confirm that:
Sample 1Sample 2
Establishment of the Securities Account. The Seller or the Servicer on its behalf shall establish, on or before the date any CMBS Security becomes a part of the Collateral, an account with the Securities Intermediary to which financial assets may be credited (the “Securities Account”) pursuant to Section 8.11. Upon receipt of any Collections to the Securities Account the Servicer shall cause the transfer of such Collections to the Collection Account by the close of business on the Business Day after such Collections are so received into the Securities Account.
Sample 1Sample 2
Establishment of the Securities Account. The Borrower shall establish with Custodian the Securities Account, which shall be known as the "Belair Capital Fund LLC Collateral Account for Xxxxxxx Xxxxx International Bank Limited and Xxxxxxx Xxxxx Capital Services, Inc." or such other title acceptable to the Secured Parties to reflect their interest therein. The Borrower agrees, as a condition to the Lender's obligation to extend the Loan and MLCS' obligations under the MLCS Swap Agreement, to place the Pledged Securities in the Securities Account. The Borrower agrees at all times to maintain the Pledged Securities in the Securities Account, until the Borrower has satisfied all of the Obligations in full. The Borrower acknowledges that in establishing and maintaining the Securities Account, Custodian is acting as the Secured Parties' agent for purposes of perfecting the Secured Parties' Security Interest.
Sample 1
AutoNDA by SimpleDocs
Establishment of the Securities Account. Each Loan Party hereby directs MLPF&S, and MLPF&S hereby agrees, to establish the Securities Account, which shall be known as the "Merrill Lynch International Private Finance, (Name of Borrower) Pledgxx Xxxlxxxxxl Account" or such other title (including abbreviations) acceptable to the Lender to reflect the Lender's interest therein. Each. of the Loan Parties, as a condition to the Lender's considering making any Advances, agrees to place the Collateral in the Securities Account. Each Borrower and each Guarantor jointly and severally agree at all times to maintain Collateral in the Securities Account with an aggregate Value sufficient to satisfy the Maintenance Requirement, until the Obligations under this Agreement have been paid indefeasibly in full and this Agreement has been terminated. Each of the Loan Parties acknowledges that in establishing and maintaining the Securities Account, MLPF&S is acting as the Lender's agent for purposes of perfecting the Lender's Security Interest.
Sample 1
Establishment of the Securities Account. The Securities Intermediary hereby confirms and agrees that:
Sample 1

Related to Establishment of the Securities Account

  • Establishment of Collateral Account The Securities Intermediary hereby confirms that:

  • Establishment of Collateral Accounts The Custodian hereby confirms and agrees that:

  • Establishment of Trust Accounts (a) (i) The Servicer, for the benefit of the Noteholders and the Certificateholders, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the Certificateholders.

  • Establishment of Trust Account The Owner Trustee, for the benefit of the Certificateholders, shall establish and maintain in the name of the Trust an Eligible Deposit Account (the "Certificate Distribution Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Certificateholders. The Owner Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Certificate Distribution Account and in all proceeds thereof. Except as otherwise expressly provided herein, the Certificate Distribution Account shall be under the sole dominion and control of the Owner Trustee for the benefit of the Certificateholders. If, at any time, the Certificate Distribution Account ceases to be an Eligible Deposit Account, the Owner Trustee (or the Depositor on behalf of the Owner Trustee, if the Certificate Distribution Account is not then held by the Owner Trustee or an affiliate thereof) shall within 10 Business Days (or such longer period, not to exceed 30 calendar days, as to which each Rating Agency may consent) establish a new Certificate Distribution Account as an Eligible Deposit Account and shall transfer any cash and/or any investments to such new Certificate Distribution Account.

  • Establishment of Segregated Account Upon receipt of Proper Instructions, the Custodian shall establish and maintain on its books a segregated account or accounts for and on behalf of a Portfolio, into which account or accounts may be transferred cash and/or securities or other assets of such Portfolio, including securities maintained by the Custodian in a Securities System pursuant to Section 2.22(a) hereof or an Eligible Securities Depository pursuant to Section 2.22(b) hereof, said account or accounts to be maintained: (a) for the purposes set forth in Sections 2.09, 2.10 and 2.11 hereof; (b) for the purposes of compliance by the Portfolio with the procedures required by Investment Company Act Release No. 10666, or any subsequent release or releases of the SEC or SEC rules or regulations relating to the maintenance of segregated accounts by registered investment companies; or (c) for such other purposes as set forth, from time to time, in Special Instructions.

  • Establishment of Custodial Account; Deposits in Custodial Account The Seller shall segregate and hold all funds collected and received pursuant to each Mortgage Loan separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts (collectively, the “Custodial Account”), titled “PrimeLending, in trust for Redwood Residential Acquisition Corporation as Purchaser of Mortgage Loans and various Mortgagors.” Such Custodial Account shall be an Eligible Account established with a commercial bank, a savings bank or a savings and loan association (which may be a depository affiliate of the Seller) which meets the guidelines set forth by the FHFA, Fxxxxx Mxx or Fxxxxxx Mac as an eligible depository institution for custodial accounts. The Custodial Account shall not be transferred to any other depository institution without the Purchaser’s approval, which shall not unreasonably be withheld. In any case, the Custodial Account shall be insured by the FDIC in a manner which shall provide maximum available insurance thereunder and which may be drawn on by the Seller. The Seller shall deposit in the Custodial Account on a daily basis, and retain therein the following payments and collections received or made by it subsequent to the related Cut-off Date (other than in respect of principal and interest on the Mortgage Loans due on or before the related Cut-off Date):

  • Establishment of and Deposits to Custodial Account The Company shall segregate and hold all funds collected and received pursuant to a Mortgage Loan separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts, titled "Countrywide Home Loans Inc. in trust for the Purchaser of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors". The Custodial Account shall be established with a Qualified Depository. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two Business Days of receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):

  • Establishment of Accounts The Escrow Agent hereby instructs the Depositary, and the Depositary agrees, to establish the separate deposit accounts listed on Schedule I hereto and to establish such additional separate deposit accounts as may be required in connection with the deposits contemplated by Section 2.4 hereof (each, an “Account” and collectively, the “Accounts”), each in the name of the Escrow Agent and all on the terms and conditions set forth in this Agreement.

  • Establishment of Custodial Accounts; Deposits in Custodial Accounts The Company shall segregate and hold all funds collected and received pursuant to each Mortgage Loan separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts. The Custodial Account shall be an Eligible Account. Funds deposited in the Custodial Account, which shall be deposited within 24 hours of receipt, shall at all times be insured by the FDIC up to the FDIC insurance limits, or must be invested in Permitted Investments for the benefit of the Purchaser. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a letter agreement in the form shown in Exhibit B hereto. The original of such letter agreement shall be furnished to the Purchaser on the Closing Date, and upon the request of any subsequent Purchaser. The Company shall deposit in the Custodial Account on a daily basis, and retain therein the following payments and collections received or made by it subsequent to the Cut-off Date, or received by it prior to the Cut-off Date but allocable to a period subsequent thereto, other than in respect of principal and interest on the Mortgage Loans due on or before the Cut-off Date:

  • Deposit Accounts; Securities Accounts The only Deposit Accounts or Securities Accounts maintained by any Grantor on the date hereof are those listed on Schedule 6 (Bank Accounts; Control Accounts), which sets forth such information separately for each Grantor.

Time is Money Join Law Insider Premium to draft better contracts faster.