Collateral Custodian definition

Collateral Custodian means U.S. Bank National Association, solely in its capacity as collateral custodian, together with its successors and permitted assigns in such capacity.

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Collateral Custodian. ▇▇▇▇▇ Fargo Bank, National Association, not in its individual capacity, but solely as Collateral Custodian, its successor in interest pursuant to Section 8.3 or such Person as shall have been appointed Collateral Custodian pursuant to Section 8.5.

Collateral Custodian means ▇▇▇▇▇ Fargo, not in its individual capacity, but solely as collateral custodian pursuant to the terms of this Agreement.

Examples of Collateral Custodian in a sentence

• No such resignation shall become effective until a successor Collateral Custodian shall have assumed the responsibilities and obligations of the Collateral Custodian in accordance with Section 9.05.

• To the extent amounts held in the Collection Account and paid in accordance with Section 2.08 are insufficient to pay the Collateral Custodian Termination Expenses, the Borrower (and to the extent the Borrower fails to so pay, the Lenders) agree to pay the Collateral Custodian Termination Expenses within ten (10) Business Days of receipt of an invoice therefor.

• The Collateral Custodian shall be entitled to receive, to the extent of funds available therefor pursuant to Section 2.08, any Fees accrued until such termination date as well as any other fees, amounts, expenses or indemnities it is entitled to pursuant to the provisions of this Agreement and any Fee Letter (the “Collateral Custodian Termination Expenses”).

• With respect to any Electronic Portfolio Asset Files upon the removal of the Collateral Custodian, the Collateral Custodian will remove from its possession and shall delete all Electronic Portfolio Asset Files held in its possession pursuant to this Agreement and in accordance with the Collateral Custodian’s customary retention and purging policies and procedures of electronic files and data.

• The Borrower, the Lender, the Administrative Agent, the Facility Servicer and the Collateral Custodian each intend, for U.S. federal, state and local income and franchise tax purposes only, that this Note be evidence of indebtedness of the Borrower secured by the Collateral and the Pledged Equity, and the Lender under the Loan and Servicing Agreement, by the acceptance hereof, agrees to treat the Note for U.S federal, state and local income and franchise tax purposes as indebtedness of the Borrower.

More Definitions of Collateral Custodian

Collateral Custodian means The Bank of New York Mellon Trust Company, N.A., formerly known as BNY Midwest Trust Company, in its capacity as Collateral Custodian under the Custody Agreement, together with its successors and assigns.

Collateral Custodian has the meaning given to such term in the Preamble.

Collateral Custodian means ▇▇▇▇▇ Fargo Bank, National Association, a national banking association, in its capacity as collateral custodian, its successor in interest pursuant to Section 13.1 or such Person as shall have been appointed Collateral Custodian pursuant to Section 13.4.

Collateral Custodian means Computershare Trust Company, National Association, as Collateral Custodian, or another collateral custodian named from time to time in the Collateral Custodian Agreement.

Collateral Custodian means U.S. Bank, not in its individual capacity, but solely as collateral custodian pursuant to the terms of this Agreement.

Collateral Custodian has the meaning specified in the Preamble.

Collateral Custodian means any and each of (i) Branch Banking and Trust Company, in its capacity as Collateral Custodian under the Custodial Agreement to which it is a party, together with its successors and permitted assigns and (ii) any other Person acting as a collateral custodian with respect to any Collateral under any Custodial Agreement entered into in accordance with the terms of this Agreement. Notwithstanding the foregoing, the Collateral Custodian shall at all times be satisfactory to the Administrative Agent, in its reasonable discretion.