Depositary Agreements definition
Examples of Depositary Agreements in a sentence
Notwithstanding any other provision hereof, in the event of any conflict between the terms of this Agreement and the Intercreditor Agreement or the Depositary Agreements, the provisions of the Intercreditor Agreement or the Depositary Agreements will control.
The Collateral Agent and Collateral Manager (in each case, for the benefit of the Secured Parties) shall be entitled with respect to all Receivables, (i) to receive and to hold as collateral all Receivables and all Collections on Receivables in accordance with the terms of the Depositary Agreements, and (ii) to have and to exercise any and all rights to collect, record, track and, during the continuance of an Event of Default, take all actions to obtain Collections with respect to all Receivables.
The Lender shall be entitled with respect to all Receivables, (i) to receive and to hold as collateral all Receivables and all Collections on Receivables in accordance with the terms of the Depositary Agreements, and (ii) to have and to exercise any and all rights to collect, record, track and, during the continuance of an Event of Default, take all actions to obtain Collections with respect to all Receivables.
The Agent for the account of the Lenders may (1) receive and hold as collateral all Receivables deposits and all Collections on Receivables in accordance with the terms of the Depositary Agreements; and (2) have and exercise any and all rights to the extent permitted by and in a manner consistent with all applicable laws and regulations to collect record track and during the continuance of an Event of Default take all actions to obtain Collections with respect to all Receivables.
The Depositary Agreements and the Depositary Receipts shall be governed by and construed in accordance with the laws of Hong Kong.