Establishment of the Securities Account Sample Clauses

Establishment of the Securities Account. (a) The Trustee shall establish and maintain in the name of the Trustee, on behalf of the Up-MACRO Tradeable Trust and for the benefit of the Holders of the Up-MACRO Tradeable Shares, an Eligible Deposit Account bearing a designation clearly indicating that the Up-MACRO Holding Shares deposited therein are held for the benefit of the Holders of the Up-MACRO Tradeable Shares (the "Securities Account").
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Establishment of the Securities Account. (a) The Trustee shall establish and maintain in the name of the Trustee, on behalf of the Up Trust and for the benefit of the Holders of the Up MacroShares, an Eligible Deposit Account bearing a designation clearly indicating that the Eligible Treasuries deposited therein are held for the benefit of the Holders of the Up MacroShares (the "Securities Account").
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Establishment of the Securities Account. The Borrower shall establish with the Custodian the Securities Account. The Borrower agrees at all times to maintain the Pledged Securities in the Securities Account, until the Borrower has satisfied all of the Obligations in full.
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Establishment of the Securities Account. The Seller or the Servicer on its behalf shall establish, on or before the date any Rated Retained Security becomes a part of the Collateral, an account with the Securities Intermediary to which financial assets may be credited (the “Securities Account”) pursuant to Section 8.11. Upon receipt of any Collections to the Securities Account the Servicer shall cause the transfer of such Collections to the Collection Account by the close of business on the Business Day after such Collections are so received into the Securities Account.
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Establishment of the Securities Account. The Seller or the Servicer on its behalf shall establish, on or before the date any CMBS Security becomes a part of the Collateral, an account with the Securities Intermediary to which financial assets may be credited (the “Securities Account”) pursuant to Section 8.11. Upon receipt of any Collections to the Securities Account the Servicer shall cause the transfer of such Collections to the Collection Account by the close of business on the Business Day after such Collections are so received into the Securities Account.
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Establishment of the Securities Account. Broker and Pershing hereby confirm that:
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Establishment of the Securities Account. Each Loan Party hereby directs MLPF&S, and MLPF&S hereby agrees, to establish the Securities Account, which shall be known as the “Xxxxxxx Xxxxx Private Finance Inc. ( ) Pledged Collateral Account” or such other title (including abbreviations) acceptable to the Lender to reflect the Lender’s interest therein, and shall bear the account number . Each of the Loan Parties, as a condition to the Lender’s considering making any Advances, agrees to place the Collateral in the Securities Account. Each Borrower and each Guarantor, jointly and severally, agree at all times to maintain Collateral in the Securities Account, with an aggregate Value sufficient to satisfy the Maintenance Requirement, until all the Obligations have been indefeasibly paid and performed in full and this Agreement has been terminated. Each of the Loan Parties acknowledges that in establishing and maintaining the Securities Account, MLPF&S is acting on behalf of the Lender as the Lender’s agent for purposes of perfecting the Security Interest.
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Establishment of the Securities Account. The Borrower shall establish with Custodian the Securities Account, which shall be known as the "Belcrest Capital Fund LLC Collateral Account for Xxxxxxx Xxxxx International Bank Limited and Xxxxxxx Xxxxx Capital Services, Inc.", or such other title acceptable to the Secured Parties to reflect their interest therein. The Borrower agrees, as a condition to the Lender's obligation to extend the Loan and MLCS' obligations under the MLCS Swap Agreement, to place the Pledged Securities in the Securities Account. The Borrower agrees at all times to maintain the Pledged Securities in the Securities Account, until the Borrower has satisfied all of the Obligations in full. The Borrower acknowledges that in establishing and maintaining the Securities Account, the Custodian is acting as the Secured Parties' agent for purposes of perfecting the Secured Parties' Security Interest.
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Establishment of the Securities Account. The Securities Intermediary hereby confirms and agrees that:
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Related to Establishment of the Securities Account

  • Establishment of Securities Account The Securities Intermediary hereby confirms and agrees that:

  • Establishment of Deposit Account The Financial Institution hereby confirms and agrees that:

  • Establishment of Collateral Account The Securities Intermediary hereby confirms that:

  • Establishment of Collateral Accounts The Custodian hereby confirms and agrees that:

  • Establishment of Trust Accounts (a) (i) The Servicer, for the benefit of the Noteholders and the Certificateholders, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the Certificateholders.

  • Establishment of Trust Account The Owner Trustee, for the benefit of the Certificateholders, shall establish and maintain in the name of the Trust an Eligible Deposit Account (the "Certificate Distribution Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Certificateholders. The Owner Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Certificate Distribution Account and in all proceeds thereof. Except as otherwise expressly provided herein, the Certificate Distribution Account shall be under the sole dominion and control of the Owner Trustee for the benefit of the Certificateholders. If, at any time, the Certificate Distribution Account ceases to be an Eligible Deposit Account, the Owner Trustee (or the Depositor on behalf of the Owner Trustee, if the Certificate Distribution Account is not then held by the Owner Trustee or an affiliate thereof) shall within 10 Business Days (or such longer period, not to exceed 30 calendar days, as to which each Rating Agency may consent) establish a new Certificate Distribution Account as an Eligible Deposit Account and shall transfer any cash and/or any investments to such new Certificate Distribution Account.

  • Establishment of the Collection Account The Borrower or the Manager on its behalf shall cause to be established, on or before the Closing Date, and maintained in the name of the Borrower but subject to the Lien of the Administrative Agent on behalf of the Secured Parties, with an office or branch of a depository institution or trust company organized under the laws of the United States, which shall initially be U.S. Bank, or any one of the States thereof or the District of Columbia (or any domestic branch of a foreign bank) a segregated corporate trust account, which may be a securities account or a deposit account (the “Collection Account”) for the purpose of receiving Collections from the Collateral; provided, however, that such depository institution or trust company shall be a depository institution organized under the laws of the United States or any one of the States thereof or the District of Columbia (or any domestic branch of a foreign bank), (i) (A) that has either (1) a long-term unsecured debt rating of A- or better by S&P and A-3 or better by Xxxxx’x or (2) a short-term unsecured debt rating or certificate of deposit rating of A-1 or better by S&P or P-1 or better by Xxxxx’x, (B) the parent corporation of which has either (1) a long- term unsecured debt rating of A- or better by S&P and A-3 or better by Xxxxx’x or (2) a short- term unsecured debt rating or certificate of deposit rating of A-1 or better by S&P and P-1 or better by Xxxxx’x or (C) is otherwise acceptable to the Administrative Agent and (ii) whose deposits are insured by the Federal Deposit Insurance Corporation (any such depository institution or trust company, a “Qualified Institution”) which Qualified Institution has agreed with the Borrower, the Manager and the Administrative Agent to comply with any and all written orders, notices, requests and other instructions originated by the Administrative Agent directing disposition of the funds in the Collection Account and any and all entitlement orders originated by the Administrative Agent with respect to financial assets credited to the Collection Account, without any further consent from the Borrower or the Manager. In order to provide the Administrative Agent with control over the Collection Account within the meaning of Section 9-104(a) or Section 9-106(c) of the UCC and any other Applicable Law, the Borrower and the Manager hereby agree that the Administrative Agent may at any time provide U.S. Bank or any successor Person that maintains the Collection Account with written instructions as to the disposition of funds in the Collection Account, entitlement orders with respect to financial assets in the Collection Account or written instructions as to any other matters relating to the Collection Account without any further consent from the Borrower or the Manager; provided, further, that if such depository institution at any time fails to be a Qualified Institution, the Borrower, or the Manager on behalf of the Borrower, shall cause the Controlled Accounts to be established with an office or branch of another depository institution or trust company organized under the laws of the United States or any one of the States thereof or the District of Columbia (or any domestic branch of a foreign bank) meeting the requirements of a Qualified Institution within 30 days of the Borrower’s or the Manager’s acquiring knowledge of such failure.

  • Establishment of the Bank Account 2.1 The Escrow Agent shall establish a non-interest bearing bank account at a branch of XX Xxxxxx Chase selected by the Escrow Agent, and bearing the designation set forth on the Information Sheet (heretofore defined as the “Bank Account”). The purpose of the Bank Account is for (a) the deposit of all subscription monies (checks, or wire transfers) which are received by the Underwriter from prospective purchasers of the Securities and are delivered by the Underwriter to the Escrow Agent, (b) the holding of amounts of subscription monies which are collected through the banking system, and (c) the disbursement of collected funds, all as described herein.

  • Establishment of Reserve Account Pledgor and Secured Party hereby authorize and direct Securities Intermediary to establish and maintain in its corporate trust department, a segregated trust account that is an Eligible Deposit Account and that is a “securities account” as that term is defined in Section 8-501(a) of the UCC in the name of Secured Party and under the sole dominion and control of Secured Party, designated as “Toyota Auto Receivables 20[__]-[_] Owner Trust Reserve Account.” Securities Intermediary hereby undertakes to treat Secured Party as the person entitled to exercise the rights that comprise any Financial Asset credited to the Reserve Account. Secured Party and Pledgor agree that this account shall be the Reserve Account.

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