Custodial Agent definition
Examples of Custodial Agent in a sentence
Upon any such resignation or removal, the Company shall have the right to appoint a successor Collateral Agent or Custodial Agent, as the case may be.
Receipt by DOE of fully executed originals (in sufficient counterparts for each of DOE, FFB and the Custodial Agent) of each Financing Document, or copies thereof in the case of the Senior Bond (to the extent a Senior Bond is issued on the Execution Date), and as otherwise permitted by DOE.
The Collateral Agent, the Custodial Agent and the Securities Intermediary shall not have any duty or responsibility to provide the Company with any credit or other information concerning the affairs, financial condition or business of the Purchase Contract Agent or any Holder of Equity Units (or any of their respective affiliates) that may come into the possession of the Collateral Agent, the Custodial Agent or the Securities Intermediary or any of their respective affiliates.
The issuance to the Custodial Agent of the Senior Bond provides FFB and DOE, as beneficial holders of the Senior Bond through the Custodial Agent, the benefit of the Lien of the FMB Indenture equally and ratably with the holders of other First Mortgage Bonds.
In no event shall the Collateral Agent, the Custodial Agent or the Securities Intermediary be liable for any amount in excess of the Value of the Collateral.