Examples of Third-Party Custodian in a sentence
In connection therewith, and subject to having received said Third Party Custodian Authorization, State Street may instruct The Bank of New York or JPMorgan Chase Bank to establish and maintain a Borrower's account and a State Street account wherein all Collateral, including cash, shall be maintained by such bank (as applicable) in accordance with the terms of a form of custodial arrangement which shall also be consistent with the terms hereof.
Each Fund hereby authorizes State Street (or subject to the prior receipt by State Street from the Funds of the Third Party Custodian Authorization, The Bank of New York or JPMorgan Chase Bank as described in Section 2 above) to receive and to hold, on the Fund's behalf, Collateral from Borrowers to secure the obligations of Borrowers with respect to any Loan of Available Securities made on behalf of the Fund pursuant to the Securities Loan Agreements.
Any uninvested moneys contributed by a Participant or resulting from the liquidation of a Permitted Investment or otherwise included in any Participant Balance and constituting a “public deposit” as that term is defined in Section 10 of the GML, shall be secured by eligible securities or other collateral pursuant to the terms of the Third Party Custodian Agreement.
Each LFM shall choose and open an account with the SSS accredited depository bank to act as Third Party Custodian (TPC).
Third Party Custodian (TPC) refers to a depository bank accredited by the SSS which acts as a transfer or disbursing agent to hold the funds and securities of SSS.