OF THE SECURITIES INTERMEDIARY Sample Clauses

The "Of the Securities Intermediary" clause defines the rights, responsibilities, and obligations of the party acting as a securities intermediary in a financial transaction. This clause typically outlines how the intermediary will hold, transfer, or manage securities on behalf of clients, and may specify procedures for settlement, recordkeeping, and communication with other parties. Its core practical function is to establish clear expectations and legal certainty regarding the intermediary's role, thereby reducing the risk of disputes and ensuring the smooth operation of securities transactions.
OF THE SECURITIES INTERMEDIARY. Section 3.01. Representations, Warranties and Covenants of the Securities Intermediary 5 Section 3.02. Additional Representations and Warranties 6 Section 4.01. GOVERNING LAW 7 Section 4.02. WAIVER OF JURY TRIAL 7 Section 4.03. Conflict with Other Agreements 7 Section 4.04. Amendments 7 Section 4.05. Successors and Assigns 8 Section 4.06. Notices 8 Section 4.07. Termination 9 Section 4.08. No Petition 9 Section 4.09. Counterparts; Electronic Signatures 9 Section 4.10. Table of Contents and Headings 9 Section 4.11. Limitation of Liability 10 This 2025-A COLLATERAL ACCOUNT CONTROL AGREEMENT, dated as of May 1, 2025 (as amended, restated, modified or otherwise supplemented, this “Agreement”), is among MERCEDES-BENZ AUTO LEASE TRUST 2025-A (the “Issuer”), as initial secured party (the “Initial Secured Party”), U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as indenture trustee (in such capacity, the “Indenture Trustee”), as secured party (in such capacity, the “Assignee‑Secured Party”), and U.S. BANK NATIONAL ASSOCIATION, as securities intermediary (the “Securities Intermediary”).
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Related to OF THE SECURITIES INTERMEDIARY

  • Securities Intermediary The Securities Intermediary, in acting under this Indenture, is entitled to all rights, benefits, protections, immunities and indemnities accorded The Bank of New York Mellon Trust Company, N.A., a national banking association, in its capacity as Indenture Trustee under this Indenture.

  • Securities Account All Permitted Investments have been and will be credited to a Securities Account. The securities intermediary for each Securities Account has agreed to treat all assets credited to the Securities Accounts as “financial assets” within the meaning of the applicable UCC.

  • Securities Accounts If a Collateral Account is a securities account, the Financial Institution agrees that:

  • Depository Banks Each Loan Party and each Subsidiary will maintain the Administrative Agent as its principal depository bank, including for the maintenance of operating, administrative, cash management, collection activity, and other deposit accounts for the conduct of its business.

  • Custodian and Depository The Trustees may in their discretion from time to time enter into one or more contracts whereby the other party or parties undertakes to act as depository for and to maintain custody of the property of the Trust or any Series or Class and accounting records in connection therewith.