Examples of Approved Custodian in a sentence
The Lender or its designee exclusively shall deliver Pledged Mortgages or Pledged Securities to (a) an Investor that has issued a Purchase Commitment with respect thereto for its examination and purchase, or (b) an Approved Custodian for purposes of examination or delivery in connection with the issuance of Mortgage-backed Securities.
The Broker shall deposit all such certificates, instruments or documents of title representing the Deposited Securities in safe custody in segregated accounts maintained by the Broker or its Associate with an Approved Custodian, an Authorised Financial Institution or a corporation licensed for dealing in Securities under the SF Ordinance.
STaR will, where necessary, advise on the formalities for completion of the contract by parties other than the Council and how to ensure that the Contract is legally binding.
Lender and Borrower agree that any custodian set forth on the Approved Custodian List shall be an acceptable replacement custodian hereunder.
Where the Operational Issue affects the Clearing Member’s securities intermediary (including its Settlement Agent, Approved Depository or Approved Custodian), the Clearing Member shall immediately provide the Corporation with the contact details for the relevant representative of such securities intermediary’s and include such representative in every communication with the Corporation related to the Operational Issue until the full resolution of the Operational Issue.