Common use of Procedures Relating to the Establishment of Accounts Controlled by the Trustee Clause in Contracts

Procedures Relating to the Establishment of Accounts Controlled by the Trustee. Notwithstanding anything else contained herein, the Trustee agrees that with respect to each of the Accounts, it will cause each Securities Intermediary establishing such accounts to enter into a securities account control agreement and, if the Securities Intermediary is the Bank, shall cause the Bank to comply with the provisions of such securities account control agreement. The Trustee shall have the right to open such subaccounts of any such account as it deems necessary or appropriate for convenience of administration and the Trustee shall be entitled to all of its rights, protections, immunities and indemnities as provided herein.

Appears in 5 contracts

Sources: Indenture (HPS Corporate Lending Fund), Indenture (HPS Corporate Lending Fund), Indenture (HPS Corporate Lending Fund)