BNYM definition
Examples of BNYM in a sentence
If, during the Cure Period, BNYM receives two or more red RAG ratings for the KPI that triggered a Service Level Deep Default, the Trust may terminate the Agreement upon thirty (30) days’ written notice to BNYM.
Notice or knowledge of any matter by BNYM in its capacity as Collateral Custodian, Administrative Agent or Lender and other publicly available information shall not constitute notice or actual knowledge of the Collateral Agent.
BNYM, in its capacity as Collateral Agent hereunder, ▇▇▇▇▇▇ accepts such appointment and agrees to perform the duties set forth in Section 10.02(b)Section 10.02(b).
A Permitted Investment acquired with funds deposited in any Controlled Account shall mature not later than the Business Day immediately preceding any Payment Date (or on such Payment Date in the case of Permitted Investments issued by BNYM), and shall not be sold or disposed of prior to its maturity.
The Administrative Agent and the Lenders hereby appoint BNYM, in its capacity as Collateral Agent hereunder, as their agent for the purposes of perfection of a security interest in the Collateral Portfolio.