Custodian's Undertaking definition

Custodian's Undertaking means the undertaking delivered to the Security Trustee by the Custodian in respect of the Charged Portfolio as contemplated by the Charge Agreement.
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Custodian's Undertaking means an undertaking in the form set out in the Second Schedule duly executed by the Custodian as the same may be amended or substituted with the prior written consent of the Security Trustee from time to time;
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Custodian's Undertaking means an undertaking in the form set out in Schedule Three duly executed by the Custodian as the same may be amended or substituted with the prior written consent of the Bank from time to time;
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Examples of Custodian's Undertaking in a sentence

  • We undertake to deliver (or procure the delivery of) the Custodian's Undertaking to you forthwith upon the execution of this Charge Agreement.

  • Each of Clause 16.1 (Failure to Pay) to Clause 16.17 (Custodian's Undertaking) describes circumstances which constitute an Event of Default for the purposes of this Agreement.

  • Undertaking In the event that the Account Party is required to grant Security pursuant to sub-clause 17.1.2 of Clause 17.1 (Letter of Credit Commission), the Custodian fails to observe or perform any material provision of the Custodian's Undertaking and such failure, if in the reasonable opinion of the Majority Banks it is capable of remedy, is not remedied within 30 days after notice thereof has been given to the Custodian by the Account Party or by the Agent at the request of any Bank.

  • The pledge and assignment of the Charged Portfolio pursuant to this Charge Agreement and the Custodian's Undertaking creates a valid security interest in its portion of the Charged Portfolio securing the payment of the Obligations.

  • Each of Clause 17.1 (Failure to Pay) to Clause 17.17 (Custodian's Undertaking) describes circumstances which constitute an Event of Default for the purposes of this Agreement.

  • Undertaking In the event that the Obligors are required to grant Security pursuant to sub-clause 17.1.2 of Clause 17.1 (Letter of Credit Commission), the Custodian fails to observe or perform any material provision of the Custodian's Undertaking and such failure, if in the reasonable opinion of the Majority Banks it is capable of remedy, is not remedied within 30 days after notice thereof has been given to the Custodian by the Account Party or by the Agent at the request of any Bank.

  • A duly signed original copy of the Custodian's Undertaking (in the form set out in the Second Schedule to the Charge Agreement), executed by State Street Bank and Trust Company as the Custodian.


More Definitions of Custodian's Undertaking

Custodian's Undertaking means each Custodian’s Undertaking among each Account Party, the Administrative Agent and the Custodian, in substantially the form of Schedule 2 to the Existing Security Agreement, as amended, modified, restated or supplemented from time to time.
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