Custodial Documents definition

Custodial Documents shall have the meaning given in the Custodial and Paying Agency Agreement.

Custodial Documents means all of the data and documents, including any replacements thereof or updates thereto, delivered by or on behalf of the Issuer or the Guarantor LP to the Custodian pursuant to the terms of the Transaction Documents or the requirements set out in the Guide;

Custodial Documents shall have the meaning given in the Custodial Agreement. “Cut-Off Date” shall mean as of the close of business on November 30, 2008.

Examples of Custodial Documents in a sentence

• Subject to the terms and conditions of this Agreement, the Company appoints the Bank to perform the duties of the Custodian, and the Bank accepts such appointment as the Custodian, to act as the Company’s agent, custodian and bailee to hold and maintain custody of the Custodial Documents.

• Prior to any shipment of any Custodial Documents pursuant to this Agreement, the Company is to deliver to the Custodian written instructions as to the method of shipment and the shipper that the Custodian is to utilize in connection with the transmission of such Custodial Documents.

• The Company is to arrange for the provision of such services at its sole cost and expense (or, at the Custodian’s option, reimburse the Custodian for all costs and expenses incurred by the Custodian consistent with such instructions) and is to maintain such insurance against loss or damage to the Custodial Documents as the Company may deem appropriate.

• The Company will be responsible for payment to the successor Custodian and Paying Agent of all fees and expenses of the successor Custodian and Paying Agent and any fees and expenses for transferring Custodial Documents and funds deposited in the Accounts to the successor Custodian and Paying Agent except with respect to the Private Owner Pledged Account, the fees and expenses with respect to which are to be paid by the Private Owner.

• Upon final determination of such court, the Custodian will release such Custodial Documents as directed by the Company, which is to give a direction consistent with such court determination.

More Definitions of Custodial Documents

Custodial Documents means the documents listed in Section 6.1(c).

Custodial Documents shall have the meaning given to that term in the Custodial Agreement.

Custodial Documents has the meaning given in the Participation Agreement. “Cut-Off Date” means as of the close of business on November 30, 2008. “Deficiency Balance” means the remaining unpaid principal balance of any Note purchased hereunder after crediting to it the proceeds of a foreclosure sale.

Custodial Documents has the meaning given in the Custodial Agreement. “Defect” means the failure of any Asset-Level Statement to be true as of the Closing Date.

Custodial Documents means, with respect to an Asset, the original note, Mortgage or other security agreement and other original documents relating to an Asset that are held by a Custodian.

Custodial Documents shall include the following:

Custodial Documents shall not include (x) with respect to Floor Plan Loans, any vehicle title certificate or other document evidencing title in or ownership of motor vehicles constituting Underlying Collateral, and (y) with respect to Warehouse Loans, any note, promissory note or loan agreement evidencing extensions of credit by the Borrower thereunder, or any deed of trust, deed, trust deed, deed to secure debt, mortgage, contract for the sale of real property, assignment, or collateral agreement in respect of the Underlying Collateral (such documents in (x) and (y), “Springing Custodial Documents”); provided that (1) the Debtors shall, within ten (10) days of the Collateral Agent’s request therefor during the continuance of an Event of Default, use commercially reasonable efforts to obtain and deliver or cause to be delivered such Springing Custodial Documents to the Custodian together with a corresponding Supplemental Delivery Certificate, and (2) ten (10) days after the Collateral Agent’s request therefor during the continuance of an Event of Default, the Springing Custodial Documents shall be considered “Custodial Documents”. From time to time, the Collateral Agent may designate in writing to the Custodian and the Company such other documents (“Designated Custodial Documents”) as the Collateral Agent shall deem reasonably necessary or appropriate to effect, perfect or protect the priority of the Liens granted (or purported to be granted) in Section 3.1 of the Security Agreement as “Custodial Documents” and, upon and after such designation, such Designated Custodial Documents shall be considered “Custodial Documents”.