Collateral Custodian definition
Examples of Collateral Custodian in a sentence
Collateral Custodian may resign and be discharged from its duties or obligations hereunder, not earlier than sixty (60) days after delivery to the Administrative Agent of written notice of such resignation specifying a date when such resignation shall take effect.
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.
The Collateral Custodian will not make any changes to the Collateral Custodian Fees without the prior written approval of the Administrative Agent.
The Collateral Custodian agrees that, with respect to any Required Loan Documents at any time or times in its possession or held in its name, the Collateral Custodian shall be the agent and bailee of the Collateral Agent, for the benefit of the Secured Parties, for purposes of perfecting (to the extent not otherwise perfected) the Collateral Agent’s security interest in the Collateral Portfolio and for the purpose of ensuring that such security interest is entitled to first priority status under the UCC.
Notwithstanding anything herein to the contrary, the Collateral Custodian may not resign prior to a successor ▇▇▇▇▇▇▇▇▇▇ Custodian being appointed.