Actions of Securities Intermediary on Purchase of Investments. Promptly upon the purchase, acquisition or transfer for credit of the Reserve Account of any Investment, Securities Intermediary shall take all steps that it customarily takes in the ordinary course of its business to ensure that such Investment is credited on its books to the Reserve Account. Without limiting the generality of the foregoing, Securities Intermediary shall promptly (i) send to Pledgor and Secured Party a written confirmation of the acquisition of such Investment, and
Appears in 6 contracts
Samples: Securities Account Control Agreement (Toyota Auto Receivables 2023-D Owner Trust), Securities Account Control Agreement (Toyota Auto Receivables 2023-D Owner Trust), Securities Account Control Agreement (Toyota Auto Receivables 2010-C Owner Trust)
