Securities Custodian definition
Examples of Securities Custodian in a sentence
This Agreement may be amended by the Servicer, the Documentation Agent, the Collateral Custodian, the Securities Custodian and the Facility Agent, acting at the direction or with the consent of the Required Lenders.
Having given notice of such removal, the Facility Agent promptly shall, by written instrument, with an original to the successor custodian appoint a successor custodian to replace such Custodian under this Agreement, which successor, in the case of the Securities Custodian, shall be a Securities Intermediary and a Qualified Institution.
From time to time, the Borrower, the Seller, the Servicer, the Facility Agent, the Documentation Agent, the Securities Custodian and the Collateral Custodian or their respective successors or permitted assigns may, by delivering to the others a revised annex, change the information previously given pursuant to this Section 24, but each of the parties hereto shall be entitled to rely conclusively on the then current annex until receipt of a superseding annex.
Upon such appointment, the Securities Custodian shall promptly transfer to the successor custodian, as directed, all funds and other financial assets on deposit in each Transaction Account; provided that the Collateral Custodian shall not be required to transfer such Custodian Loan Files until any amounts owed to it hereunder have been paid in full.
Having given notice of such removal, the Servicer promptly shall, by written notice, appoint a successor custodian to replace such Custodian under this Agreement, which successor (x) shall be acceptable to the Required Lenders, in their reasonable discretion and (y) in the case of the Securities Custodian, shall be a Securities Intermediary and a Qualified Institution.